1999 IMRF Comprehensive Annual Financial Report

Solvency testLast ten yearsAggregate Actuarial Liabilities ForPortion of Actuarial(1) (2) (3) Liabilities covered byActive MembersAssetsCalendar Active Member (Employer ActuarialYear Contributions Annuitants Financed Portion) Assets (1) (2) (3)Actuarial Section1990 $ 986,213,859 $2,111,742,303 $3,134,267,510 $4,468,795,967 100.0% 100.0% 43.7%1991 1,095,888,522 2,217,253,547 3,093,823,381 5,034,577,441 100.0% 100.0% 55.6%1992 1,218,238,446 2,421,564,751 3,314,680,161 5,615,583,858 100.0% 100.0% 59.6%1993 1,350,831,396 2,660,823,087 3,498,111,756 6,396,329,900 100.0% 100.0% 68.2%1994 1,496,014,554 2,907,982,455 3,722,645,821 7,078,861,925 100.0% 100.0% 71.9%1995 1,642,362,193 3,171,162,151 4,010,173,143 8,034,030,783 100.0% 100.0% 80.3%1996 1,782,293,677 3,588,320,481 4,407,978,361 9,076,261,663 100.0% 100.0% 84.1%1997 1,933,512,014 3,995,946,514 4,878,510,539 10,273,116,034 100.0% 100.0% 89.0%1998 2,086,679,470 4,485,651,306 5,288,548,422 11,636,495,534 100.0% 100.0% 95.8%1999 2,258,628,401 4,915,467,275 5,830,927,617 13,520,192,111 100.0% 100.0% 108.8%Total obligation and actuarial value of assets calculated by the actuary.Table IParticipating Member StatisticsLast ten yearsPercentPercentIncrease in Average Increase in Number of Average AverageCalendar Total Annual Average Participating Attained Years ofYear Total Salaries Salaries Salary Salary Members Age Service1990 $2,293,192,916 4.6% $19,000 5.3% $120,648 43.3 7.31991 2,484,644,553 8.3% 19,846 4.5% 124,953 43.4 7.41992 2,643,707,677 6.4% 20,546 3.5% 125,943 43.8 7.61993 2,774,088,607 4.9% 21,856 10.1% 130,063 44.3 8.11994 2,930,307,763 5.6% 21,710 -0.7% 126,708 43.9 7.71995 3,100,271,694 5.8% 22,661 4.4% 133,733 43.8 8.21996 3,280,416,531 5.8% 22,104 -2.5% 142,046 44.0 8.31997 3,470,593,355 5.8% 23,991 8.5% 146,659 44.1 8.21998 3,704,109,084 6.7% 24,871 3.7% 150,428 44.3 8.21999 3,933,065,061 6.2% 25,678 3.2% 155,517 44.4 8.6Illinois Municipal Retirement Fund 55