REPORT DIGEST

PUBLIC SCHOOL TEACHERS’
 PENSION AND RETIREMENT FUND OF
 CHICAGO

SPECIAL LIMITED SCOPE COMPLIANCE
EXAMINATION
FOR THE TWO YEARS ENDED JUNE 30, 2021

Release Date:  April 7, 2022

FINDINGS THIS AUDIT:  0
FINDINGS LAST AUDIT: 0

State of Illinois, Office of the
Auditor General
FRANK J. MAUTINO, AUDITOR GENERAL

To obtain a copy of the Report
contact:
Office of the Auditor General, Iles
Park Plaza, 740 E. Ash Street,
Springfield, IL 62703
(217) 782-6046 or TTY (888) 261-2887

This Report Digest and Full Report are
also available on the worldwide web at
www.auditor.illinois.gov

INTRODUCTION

The State makes contributions to the
Public School Teachers’ Pension Fund
of Chicago (Fund) as required by
Section 17-127 of the Illinois Pension
Code. Our special limited scope
compliance examination was restricted
to this expenditure authority and
associated expenditures from the
General Revenue Fund, which totaled
$257,349,000 in Fiscal Year 2020 and
$266,893,000 in Fiscal Year 2021.

ACCOUNTANT’S OPINION

The accountants conducted a special
limited scope compliance examination
of the Fund for the two years ended
June 30, 2021, as required by the
Illinois State Auditing Act.  The
accountants stated the Fund complied,
in all material respects, with the
requirements described in the report.

The special limited scope compliance
examination was conducted by the
Office of the Auditor General’s staff.

JANE CLARK
Division Director

This report is transmitted in
accordance with Section 3-14 of the
Illinois State Auditing Act.

FRANK J. MAUTINO
Auditor General

FJM:SDW