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%<strong>1999</strong> 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 <strong>Annual</strong> 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 8.2<strong>1999</strong> 3,933,065,061 6.2% 25,678 3.2% 155,517 44.4 8.6Illinois Municipal Retirement Fund 55
Actuarial SectionTable IIChanges in the number of recurring benefit paymentsLast ten yearsAdditions Deletions End of YearCalendarYear Annuity Disability Annuity Disability Annuity Disability1990 3,698 2,024 1,966 2,022 49,330 1,4091991 2,899 2,022 1,165 2,061 51,064 1,3701992 3,067 2,033 1,235 1,993 52,896 1,4101993 3,381 1,978 1,349 1,881 54,928 1,5071994 3,931 2,067 1,501 1,343 57,358 2,2311995 4,020 2,014 1,321 1,590 60,057 2,6551996 3,866 1,886 2,403 2,813 61,520 1,7281997 4,971 1,885 2,436 1,986 64,055 1,6271998 4,895 1,799 2,678 1,942 66,272 1,484<strong>1999</strong> 4,852 1,807 2,794 1,905 68,330 1,386Table IIINumber of initial benefit paymentsLast ten yearsCalendarYear Annuity Disability Death Refund Total1990 3,698 2,024 1,878 11,917 19,5171991 2,899 2,022 1,836 11,692 18,4491992 3,059 2,033 2,097 12,006 19,1951993 3,289 1,978 1,954 9,491 16,7121994 3,365 2,785 1,822 10,910 18,8821995 4,039 2,183 1,002 11,348 18,5721996 4,689 2,221 889 11,550 19,3491997 4,962 2,169 915 13,841 21,8871998 4,025 1,953 2,367 13,373 21,718<strong>1999</strong> 3,892 2,004 2,517 13,542 21,95556 Illinois Municipal Retirement Fund