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 Skillicorn is calling for a recalculation and review of every Illinois pension Mr. Sharpe was involved in. 

Skillicorn stated, “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. The state of Illinois carries a massive unfunded pension liability that is estimated to be anywhere from $150 billion to $250 billion affecting our credit rating, which is just barely above ‘junk’ status, while many municipalities are severely underfunded as well. The public has a right to know if the situation is even worse.”
Residents of Illinois’ 66th Legislative House District are invited to join State Representative Allen Skillicorn (R-East Dundee) and tax assessment experts on September 27th for a free seminar on understanding how your property taxes are determined and learning how to appeal property tax assessments. This is the second annual event and will be held at the Algonquin Village Hall in Algonquin from 7-8:30pm. This event is free to the public and everyone is encouraged to drop by.

Joining Skillicorn at the informational session will be Robert Ross, the McHenry County Chief Assessment Officer and Warren L. Dixon III, Naperville Township Assessor.

“It’s my pleasure to assemble these tax assessment experts for this second annual event to explain how tax bills are created and outline the process to follow if a taxpayer believes they are being over-assessed,” said Skillicorn.