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Record #: R2016-785   
Type: Resolution Status: Failed to Pass
Intro date: 11/1/2016 Current Controlling Legislative Body: Committee on Finance
Final action:
Title: Tax levy requirement for Retirement Board of Policemen's Annuity and Benefit Fund of Chicago for Year 2017 and 2015 Required Funding Resolution for Year 2016, as amended
Sponsors: Dept./Agency
Topic: FINANCE FUNDS - Policemen's Annuity and Benefit Fund of Chicago
Attachments: 1. R2016-785.pdf
Related files: R2019-362
Members of the Board Representing the .Public ¦•. Juan C. Avilcr' Carole L. Brown Carol L. Hamburger Kurt A. Summers, Jr.
Representing the Active Police and Disability Beneficiaries Michael K. Lappe
James P. Maloney, Recording Secretary Brian E. Wright, Vice-President
Representing the Annuitants Kenneth A. Hauser, President
The Retirement Board
of" ific
Policemen's Annuity and Benefit Fund City of Chicago
22.1 North LaSaUc Street-Room 1626 Chicago, Illinois 60601 (312) 744-3891 Outside Chicago: 1-800-656-6606 wnvw.chipabf.org
Regina Tuczak, CPA
Executive Director
James A. Dollard, CPA
Comptroller
Pacifico Panaligan, CPA
Assistant Comptroller
Peter Orris, M.D.
Physician
David R. Kugler
Attorney for the Board
Aoifinn Devitt
Chief Investment Officer
Address Communications to the Retirement Board



September 30, 2016


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 $500,000,000 for the 2017 tax levy. In addition to the financing requirements of the Illinois Statutes, attached is a copy of the 2016 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 28, 2016.

Also enclosed is a copy of the Amended 2015 Funding Resolution approved by the Board at the July 28, 2016, meeting. Such Amended Resolution reflects the provisions of Public Act 099-0506.


Sincerely,

Executive Director


Encl.

2015 REQUIRED FUNDING RESOLUTION FOR THE YEAR 2016
AS AMENDED TO COMPLY WITH PUBLIC ACT 099-0506


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 c...

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