SPECIAL LIMITED COMPLIANCE AUDIT TESTING OF STATE APPROPRIATIONS TO THE PUBLIC SCHOOL TEACHERS PENSION AND RETIREMENT FUND OF CHICAGO
For the Two Years Ended:
Summary of Findings:
Total this audit 0
State of Illinois
WILLIAM G. HOLLAND
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(217)782-6046 or TDD (217) 524-4646
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The Illinois General Assembly makes direct appropriations annually to the Public School Teachers Pension and Retirement Fund of Chicago (Fund) from the General Revenue Fund for supplemental payments to retired teachers under provisions set forth in Article 17 of the State Pension Code. In addition, the Fund also received appropriations from the Common School Fund for the States contribution to the Fund pursuant to Public Act 90-548. For Fiscal Year 2000 and 2001, the appropriations were $50,000 each year from the General Revenue Fund and $65,044,700 each year from the Common School Fund.
Our special compliance testing was limited to these State appropriations made directly to the Fund.
FINDINGS, CONCLUSIONS, AND
There were no material findings of noncompliance for this audit or the prior audit.
WILLIAM G. HOLLAND, Auditor General
This audit was performed by staff of the Office of the Auditor General.