EAST DUNDEE, IL – In light of the American Academy of Actuaries suspending Timothy W. Sharpe from membership for a period of two years for materially failing to comply with parts of its Code of Professional Conduct, Representative Skillicorn is calling for a recalculation and review of the 29 pension plans the Department of Insurance has named involving Mr. Sharpe.
The following Pension Funds indicated in their recent interrogatories that they will use the actuarial valuation prepared by Tim Sharpe:
Bridgeview Firefighters Pension Fund Lombard Police Pension Fund
Bridgeview Police Pension Fund Manteno Firefighters Pension Fund
Carpentersville Firefighters Pension Fund Mt. Zion Police Pension Fund
Carpentersville Police Pension Fund Orland Park Police Pension Fund
Colona Police Pension Fund Quincy Firefighters Pension Fund
Evergreen Park Firefighters Pension Fund Quincy Police Pension Fund
Evergreen Park Police Pension Fund Rolling Meadows Firefighters Pension Fund
Flossmoor Firefighters Pension Fund Rolling Meadows Police Pension Fund
Forest View Police Pension Fund Schaumburg Firefighters Pension Fund
Glencoe Firefighters Pension Fund Schaumburg Police Pension Fund
Glencoe Police Pension Fund South Beloit Firefighters Pension Fund
Hampshire Police Pension Fund South Beloit Police Pension Fund
Leyden Firefighters Pension Fund Streator Firefighters Pension Fund
Lombard Firefighters Pension Fund West Dundee Firefighters Pension Fund
West Dundee Police Pension Fund
Skillicorn stated, “Pensions are the biggest crisis contributing to the structural deficit in Illinois. These 29 municipalities need to immediately audit their pensions fund for the sake of the workers and taxpayers alike.”
