Annual Financial Report 1984
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At this time the Division does not know the impact of this decision on each of these retiranent systems. Tlie benefits won by Lenny Bay are not of a significant dollar amount and the Division is not aware of any other individuals who may be affected.
11. ACTUARIAL ACCFUED BENEFITS Separate actuarial valuations have been conducted to determine the present values of the accrued benefits under each of the retirement systens administered by the Public Employees' Retirement Division. The present val...ues were determined for accrued benefits based on current salaries as well as projected future salaries. Also, the present values were determined separately for vested and non-vested benefits.
The table on page 22 illustrates the present value of accrued benefits as of July 1, 1984: -22- PRESENT VALUE OF ACCRUED BENEFITS Without Salary Projections With Salary Projections Public Employees' Retirament System Vested Benefits Non Vested Benefits Total Benefits $545,139,836 21.342.987 $566,482,823 $686,507,770 57.864.949 $744,372,719 Municipal Police Officers' Retirement System Vested Benefits Non Vested Benefits Total Benefits $ 46,781,144 613.821 $ 47,394,965 $ 49,482,623 2,487,277 $ 51,969,900 Game Wardens' Retiren^ent System Vested Benefits Non Vested Benefits Total Benefits $ 6,309,849 505,522 $ 6,815,371 $ 6,828,316 2,157,896 $ 8,986,212 Sheriffs' Retirement Systan Vested E-enefits Non Vested Benefits Total Benefits $ 7,282,400 839, 255 $ 8,121,655 $ 7,780,537 7.862.505 $ 15,643,042 Judges' Retirement System Vested Benefits Non Vested Benefits Total Benefits $ 10,214,630 657.121 $ 10,871,751 $ 12,257,892 1.460.513 $ 13,718,405 Highway Patrolmens' Retirement System Vested Benefits Iton Vested Benefits Total Benefits $ 15,406,622 4,220,595 $ 19,627,217 $ 15,591,566 6.968.346 $ 22,559,912 Firefighters' Unified Retirorient System Vested Benefits Non Vested Benefits Total Benefits $ 51,303,290 1.491.264 $ 52,794,554 $ 61,801,249 5.808.481 $ 67,609,730 -23- 12.
What to read after Annual Financial Report 1984?
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:
At this time the Division does not know the impact of this decision on each of these retiranent systems. Tlie benefits won by Lenny Bay are not of a significant dollar amount and the Division is not aware of any other individuals who may be affected.
11. ACTUARIAL ACCFUED BENEFITS Separate actuarial valuations have been conducted to determine the present values of the accrued benefits under each of the retirement systens administered by the Public Employees' Retirement Division. The present val...ues were determined for accrued benefits based on current salaries as well as projected future salaries. Also, the present values were determined separately for vested and non-vested benefits.
The table on page 22 illustrates the present value of accrued benefits as of July 1, 1984: -22- PRESENT VALUE OF ACCRUED BENEFITS Without Salary Projections With Salary Projections Public Employees' Retirament System Vested Benefits Non Vested Benefits Total Benefits $545,139,836 21.342.987 $566,482,823 $686,507,770 57.864.949 $744,372,719 Municipal Police Officers' Retirement System Vested Benefits Non Vested Benefits Total Benefits $ 46,781,144 613.821 $ 47,394,965 $ 49,482,623 2,487,277 $ 51,969,900 Game Wardens' Retiren^ent System Vested Benefits Non Vested Benefits Total Benefits $ 6,309,849 505,522 $ 6,815,371 $ 6,828,316 2,157,896 $ 8,986,212 Sheriffs' Retirement Systan Vested E-enefits Non Vested Benefits Total Benefits $ 7,282,400 839, 255 $ 8,121,655 $ 7,780,537 7.862.505 $ 15,643,042 Judges' Retirement System Vested Benefits Non Vested Benefits Total Benefits $ 10,214,630 657.121 $ 10,871,751 $ 12,257,892 1.460.513 $ 13,718,405 Highway Patrolmens' Retirement System Vested Benefits Iton Vested Benefits Total Benefits $ 15,406,622 4,220,595 $ 19,627,217 $ 15,591,566 6.968.346 $ 22,559,912 Firefighters' Unified Retirorient System Vested Benefits Non Vested Benefits Total Benefits $ 51,303,290 1.491.264 $ 52,794,554 $ 61,801,249 5.808.481 $ 67,609,730 -23- 12.
What to read after Annual Financial Report 1984?
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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