Village of Glen Ellyn Finance Commission Agenda Packet 2026-06-12
Annual Police Pension Actuarial Valuation by Foster & Foster
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Description
The Village of Glen Ellyn engaged Foster & Foster, Inc. to conduct the annual actuarial valuation for the Police Pension Fund as of January 1, 2026. The report determines pension funding status and required contributions for the 2027 fiscal year. The engagement ensures compliance with actuarial standards and Illinois statutes.
Contract Details
Vendor
FOSTER & FOSTER INC
Agency
Glen Ellyn village, IL
Contract Type
PROFESSIONAL_SERVICES
Document Date
June 12, 2026
Contract Term
As of January 1, 2026; applicable to plan/fiscal year ending December 31, 2027
Renewal Date
2027-12-31
Renewal Info
Annual engagement, generally renewed each year for statutory actuarial reporting. No explicit renewal clause noted.
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