The Board of Trustees of the Public School Teachers' Pension and Retirement Fund of Chicago v. The Board of Education of the City of Chicago

Illinois Appellate Court
Civil Court
Citation
Case Number: 
2012 IL App (1st) 112756
Decision Date: 
September 28, 2012
District: 
1st Dist.
Division/County: 
Cook Co.,6th Div.
Justice: 
GARCIA
Holding: 
Reversed and remanded with directions.
In Section 17-129(c) of Pension Code, the term "certify" did not transform, as of February 28, 2009, the amount the Chicago Teachers Pension and Retirement Fund disclosed to the Board of Education into an immutable employer-contribution amount due from the Board of Education for fiscal year 2010. Fund was required to certify that the amount it determined was based on actuarial tables and other assumptions adopted by the Board, and recommendations of actuary. (PALMER, specially concurring; LAMPKIN, dissenting.)