Annual Financial Report 1983
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In our eReader you can find the full English version of the book. Read Annual Financial Report 1983 Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Annual Financial Report 1983
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The unfunded liability did not however, increase as much as may have been ejcpected. The liability for benefits to retired members increased less than the increase in benefit payments due to the fact that much of the benefit increase v;as attributable to older retired members. The result was that the past service liability increased less than the present value of salaries during the next 40 years. This served to increase the amount of unfunded liability which can be funded by the regular contri...butions and therefore decrease the excess liability to be f Landed by additional city funds.
The contribution rate as a percent of salaries which would be required to amortize the total unfunded liability over 40 years would be 35.60%.
The total funding rate projected in this report is 35.37%. Mo contribution rate changes are recommended because of the procedure followed in assessing individual cities with the excess unfunded liability.
3. SHERIFFS As a result of the valuation conducted as of July 1, 1982, we have determined that a contribution rate of 13.18% of salary is required to -39- fund benefits- as they accrue in the future.
What to read after Annual Financial Report 1983?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Public Employees' Retirement Board to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The unfunded liability did not however, increase as much as may have been ejcpected. The liability for benefits to retired members increased less than the increase in benefit payments due to the fact that much of the benefit increase v;as attributable to older retired members. The result was that the past service liability increased less than the present value of salaries during the next 40 years. This served to increase the amount of unfunded liability which can be funded by the regular contri...butions and therefore decrease the excess liability to be f Landed by additional city funds.
The contribution rate as a percent of salaries which would be required to amortize the total unfunded liability over 40 years would be 35.60%.
The total funding rate projected in this report is 35.37%. Mo contribution rate changes are recommended because of the procedure followed in assessing individual cities with the excess unfunded liability.
3. SHERIFFS As a result of the valuation conducted as of July 1, 1982, we have determined that a contribution rate of 13.18% of salary is required to -39- fund benefits- as they accrue in the future.
What to read after Annual Financial Report 1983?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Public Employees' Retirement Board to read onlineMoreLess
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