SERVICES FOR THE PUBLIC SECTOR

Our client base consists of Police and Fire Pension Funds covered under the Downstate Pension System under Section 40 of the Illinois Compiled Statutes, Articles 3 & 4.

Tepfer Consulting Group, Ltd. has been selected as a preferred provider of actuarial services by the Illinois Public Pension Fund Association. Furthermore, in our capacity, as an associate member of this organization, we provide actuarial assistance in examining the cost effects of potential changes in statutes. This gives us the ability to recognize early the current legislative environment and to react quickly as a service to our individual municipal clients. We also maintain a liaison with the municipal side through our affiliation with the Illinois Municipal Treasurer’s Association.

Our services include the following:

• An independent actuarial valuation for the pension fund to determine the appropriate tax levies.
• Contribution and disclosure information for the fund for the fiscal year as outlined under GASB Statement No. 25 and No. 27 requirements.
• A formal actuarial report for the fund summarizing the results of the calculations in accordance with applicable State statutes.
• Portability calculations as required for the Police Pension System.