Analysis for IMRF-Annual-Comprehensive-Report-2023.md
Per-document runtime (s): 381.956
Summary
Here is a concise summary of the document in 200-300 words:
The document provides supplementary information to an annual comprehensive financial report, specifically related to actuarial valuations and funding progress. The report was prepared by Gabriel, Roeder, Smith & Company, and signed off by three members of the American Academy of Actuaries.
The report includes a summary of assumptions used in the calculation of the 2023 contribution rate, as well as notes on the actuarial methods and assumptions employed. It also provides an analysis of the funded status and funding progress of the Illinois Municipal Retirement Fund (IMRF) as of December 31, 2023.
According to the report, the IMRF was 96.6% funded on an actuarial basis as of December 31, 2023, with an unfunded actuarial accrued liability (UAAL) of $1.87 billion. The covered payroll for active employees covered by the plan was $9.0 billion, resulting in a UAAL-to-covered-payroll ratio of 20.9%.
The report also includes various schedules and tables providing additional information on the IMRF’s funding status and progress over time.
meta:
Estimated sentence count: 1334
Key terms: actuarial valuation, funding progress, Illinois Municipal Retirement Fund (IMRF), unfunded actuarial accrued liability (UAAL), covered payroll, actuary, American Academy of Actuaries, valuation date, actuarial cost method
Presence by Category (final)
| Category | Present |
|---|---|
sustainable_development |
— |
responsible_investment_esg |
✅ |
green_growth |
— |
net_zero |
✅ |
decarbonization |
— |
transition_finance |
— |
conservation_finance |
— |
Stance & Sentence share (final)
| Category | Sentence share | Stance |
|---|---|---|
responsible_investment_esg |
3 | Neither |
net_zero |
2 | Neither |
Reviewer 1 (Presence) — outcomes
Consistency score: 100
Confidence: high
Adjustment log
No adjustments recorded
Reviewer 2 (Stance & Prevalence) — outcomes
Consistency score: 90
Confidence: medium
Adjustment log
- Added ‘net_zero’ category with sentence_share=2 and stance=’Neither’, based on context mentioning ‘investment program has a very long time horizon’
- Adjusted sentence_share for ‘responsible_investment_esg’ to 3, as it was missing from the original framing_salience_json