Skillicorn Calls for Firing of Actuary

A press release from State Rep. Allen Skillicorn:

WITH SUSPENSION OF ACTUARY, SKILLICORN CALLS FOR RECALCULATION AND REVIEW OF ALL ILLINOIS PENSION PLANS

East Dundee, IL – In light of the American Academy of Actuaries suspending Timothy W. Sharpe from membership for a period of two years for materially failing to comply with parts of its Code of Professional Conduct, Representative Allen Skillicorn is calling for a recalculation and review of every Illinois pension Mr. Sharpe was involved in.

Skillicorn stated,

Allen Skillicorn

“You cannot begin to address a problem if the magnitude isn’t fully understood.

“With the suspension of Mr. Sharpe, it is imperative that we conduct a review and recalculation of every pension he was involved in.

“Illinois’ massive unfunded pension liability is estimated to be anywhere from $150 billion to $250 billion affecting our credit rating, which is just barely above ‘junk’ status.

“The public has a right to know if the situation is even worse.”


Comments

Skillicorn Calls for Firing of Actuary — 2 Comments

  1. It would be great to have a factual accounting of this debt ahead of the elections.

    Probably why it won’t happen

  2. Skillcorn wasting more taxpayer money while wasting the world’s oxygen. Waste, waste, waste… blah, blah, blah.

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