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Glossary of Terms 53 years ago
Actuarially-Calculated: An amount determined sufficient to increase the funded ratio of the City of Chicago’s pension funds, including Municipal Employees’ Annuity and Benefit Fund, the Laborers’ Annuity and Benefit Fund, the Policemen’s Annuity and Benefit Fund and the Firemen’s Annuity and Benefit Fund, to a statutorily required amount over a number of years. Amusement Tax: A tax ...
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