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HomeIllinois NewsSkillicorn calls for review of pensions in light of suspended actuary Sharpe

Skillicorn calls for review of pensions in light of suspended actuary Sharpe

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Photodune-1195167-pensions-mEAST 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.”

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