I
Members of the Board
Representing the Public
Juan C. Avila
Carol L. Hamburger
Stephanie D. Neely, Vice-President
Lois A. Scott
Representing the Active Police and Disability Beneficiaries Michael K. Lappe
James P. Maloney, Recording Secretary Brian E. Wright
Representing the Annuitants Kenneth A. Hauser, President
The Retirement Board
of the
Policemen's Annuity and Benefit Fund City of Chicago
221 North LaSaffe Street-Room 1626 Chicago, Iffinois 60601 (312) 744-3891 Outside Chicago: 1-800-656-6606 www.cfiipabf.orc
)
Regina Tuczak, CPA
Executive Director
James A. Dollard, CPA
Comptroller
Pacifico Panaligan
Assistant Comptroller
Peter Orris, M.D.
Physician
David R. Kugler
Attorney for the Board
Samuel Kunz
Chief Investment Officer
Address Communications to the Retirement Board
September 30, 2014
Ms. Susana A. Mendoza City Clerk of Chicago City Hall (Room 107) 121 N. LaSalle Street Chicago, IL 60602
Dear Ms. Mendoza:
In accordance with Chapter 40, Act 5, Article 5, Section 168-Financing, the Policemen's Annuity and Benefit Fund of Chicago (the Fund) is hereby requesting $592,863,325 for the 2015 tax levy. In addition to the financing requirements of the Illinois Statutes, attached is a copy of the 2014 Funding Resolution adopted by the Retirement Board of the Policemen's Annuity and Benefit Fund of the City of Chicago at their meeting held July 24, 2014.
Also enclosed is a copy of the letter provided to the Board of Trustees of the Fund, by the Fund's actuary, Gabriel Roeder Smith & Company, which certifies the contribution amount cited in the funding resolution.
Sincerely,
2014 REQUIRED FUNDING RESOLUTION FOR THE YEAR 2015
WHEREAS, pursuant to 40 ILCS, Act 5, Section 5-168, and all other applicable provisions, of the Illinois Pension Code, the Retirement Board of the Policemen's Annuity and Benefit Fund of Chicago (the "Board") is required to estimate the amounts required each year to be contributed by the City of Chicago ("Ci...
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