Annual Financial Report 1985
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In our eReader you can find the full English version of the book. Read Annual Financial Report 1985 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 1985
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The period over which the regular contribution rate will amortize the unfunded liability has decreased from 42.47 years in 1982 to 36.58 years in 1984.
The lower mortality and withdrawal assuirptions increased anticipated benefit payments and, therefore, increased the cost of the system. This increase was more than offset by the cost decrease resulting from the change in the post- retirement investment return assumption. The net effect of the pre-retirement investment and cost-of-living assumpt...ion changes was negligible. The result was a decrease of six years in the amortization period.
The total payroll is $416,296,287 which represents a 10.4% increase during the biennium. The number of meiitoers receiving benefits has increased to 7,568. The total annual benefits are $29,014,273 which represents an increase of 25.6% during the biennium. The assets of the system have increased 31.7% during the biennium to a total value of $435,055,310.
The regular contribution rates to the Public Employees' Retirement - 52 - System is 12.417% of each active member's salary.
What to read after Annual Financial Report 1985?
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 period over which the regular contribution rate will amortize the unfunded liability has decreased from 42.47 years in 1982 to 36.58 years in 1984.
The lower mortality and withdrawal assuirptions increased anticipated benefit payments and, therefore, increased the cost of the system. This increase was more than offset by the cost decrease resulting from the change in the post- retirement investment return assumption. The net effect of the pre-retirement investment and cost-of-living assumpt...ion changes was negligible. The result was a decrease of six years in the amortization period.
The total payroll is $416,296,287 which represents a 10.4% increase during the biennium. The number of meiitoers receiving benefits has increased to 7,568. The total annual benefits are $29,014,273 which represents an increase of 25.6% during the biennium. The assets of the system have increased 31.7% during the biennium to a total value of $435,055,310.
The regular contribution rates to the Public Employees' Retirement - 52 - System is 12.417% of each active member's salary.
What to read after Annual Financial Report 1985?
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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