Annual Financial Report 1986
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Analysis of this percentage over time indicates whether the system is becoming financially stronger or weaker, the greater this percentage, the stronger the system.
-25- MUNICIPAL POLICE OFFICERS' RETIREMENT SYSTEM MEMBERSHIP PERIOD ENDED ACTIVE MEMBERS INACTIVE MEMBERS TOTAL JUNE 30, 1979 426 4 430 JUNE 30, 1980 450 4 454 JUNE 30, 1981 443 6 449 JUNE 30, 1982 434 5 439 JUNE 30, 1983 445 5 450 JUNE 30, 1984 435 5 440 JUNE 30, 1985 436 7 443 JUNE 30, 1986 436 7 443 RETIRED MEMBERS AND BENEFIT RE...CIPIENTS PERICD ENDED JUNE 30, 1979 JUNE 30, 1980 JUNE 30, 1981 JUNE 30, 1982 JUNE 30, 1983 JUNE 30, 1984 JUNE 30, 1985 JUNE 30, 1986 RETIREMENT 216 225 232 235 240 246 250 258 DISABILITY 65 69 71 74 79 82 84 86 SURVIVORS 27 25 24 22 24 26 25 25 TOTAL 308 319 327 331 343 354 359 369 -26- MUNICIPAL POLICE OFFICERS' RETIREMEIxfT SYSTEM Participating Merrbers by City Anaconda 16 Baker 2 Billings 100 Bozeman 26 Butte 44 Glasgow 10 Glendive 11 Great Falls 63 Havre 15 Helena 33 Kalispell 21 Lewistown 11 Livingston 10 Miles City 15 Missoula 57 Plains 2 TOTAL 436 -27- MUNICIPAL POLICE OFFICERS' RETIREMENT SYSTEM CONrRIBOTION RATES Fiscal Year 1979-1981 1982-1985 1986 Enployee 6.00%/7.50% 6.00%/7.50% 6.00%/7.50% Enployer 14.00% 14.04% 13.02% State 14.00% 14.04% 15.06% COMPARATIVE SUMMARY OF REVENUE BY SOURCE AND EXPENSES BY TYPE REVENUES BY SOURCE Fiscal Member Employer Investment State Year Contributions $357,223 Contributions $1,008,085 Income Contributions $1,279,286 Total 1979 $ 408,390 $3,052,984 1980 418,895 1,254,922 478,975 1,551,460 3,704,252 1981 443,312 1,284,954 646,487 1,679,071 4,053,824 1982 498,893 1,369,341 1,061,976 1,762,626 4,692,836 1983 525,904 1,283,056 1,306,008 1,987,188 5,102,156 1984 553,306 1,234,377 1,575,775 2,116,205 5,479,663 1985 577,408 1,306,400 1,893,642 2,101,244 5,878,694 1986 631,450 1,201,219 2,499,684 2,339,066 6,671,419 EXPENSES BY TYPE Fiscal Year Benefits Refunds 1979 $2,021,331 $44,760 1980 2,160,407 64,207 1981 2,300,869 77,823 1982 2,459,857 79,409 1983 2,743,215 14,819 1984 2,926,085 71,241 1985 3,151,287 108,187 1986 3,463,618 79,197 Administative Expenses Other* Total ; 715 $(1,543,032) $ 523,774 794 42,635 2,268,043 2,223 (49,810) 2,331,105 17,742 (8,814) 2,548,194 15,676 (149,481) 2,624,229 20,637 (79,040) 2,938,923 18,734 602,337 3,880,545 24,191 (2,613) 3,564,393 ♦Includes Prior Year Adjustments, and F.Y.
What to read after Annual Financial Report 1986?
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:
Analysis of this percentage over time indicates whether the system is becoming financially stronger or weaker, the greater this percentage, the stronger the system.
-25- MUNICIPAL POLICE OFFICERS' RETIREMENT SYSTEM MEMBERSHIP PERIOD ENDED ACTIVE MEMBERS INACTIVE MEMBERS TOTAL JUNE 30, 1979 426 4 430 JUNE 30, 1980 450 4 454 JUNE 30, 1981 443 6 449 JUNE 30, 1982 434 5 439 JUNE 30, 1983 445 5 450 JUNE 30, 1984 435 5 440 JUNE 30, 1985 436 7 443 JUNE 30, 1986 436 7 443 RETIRED MEMBERS AND BENEFIT RE...CIPIENTS PERICD ENDED JUNE 30, 1979 JUNE 30, 1980 JUNE 30, 1981 JUNE 30, 1982 JUNE 30, 1983 JUNE 30, 1984 JUNE 30, 1985 JUNE 30, 1986 RETIREMENT 216 225 232 235 240 246 250 258 DISABILITY 65 69 71 74 79 82 84 86 SURVIVORS 27 25 24 22 24 26 25 25 TOTAL 308 319 327 331 343 354 359 369 -26- MUNICIPAL POLICE OFFICERS' RETIREMEIxfT SYSTEM Participating Merrbers by City Anaconda 16 Baker 2 Billings 100 Bozeman 26 Butte 44 Glasgow 10 Glendive 11 Great Falls 63 Havre 15 Helena 33 Kalispell 21 Lewistown 11 Livingston 10 Miles City 15 Missoula 57 Plains 2 TOTAL 436 -27- MUNICIPAL POLICE OFFICERS' RETIREMENT SYSTEM CONrRIBOTION RATES Fiscal Year 1979-1981 1982-1985 1986 Enployee 6.00%/7.50% 6.00%/7.50% 6.00%/7.50% Enployer 14.00% 14.04% 13.02% State 14.00% 14.04% 15.06% COMPARATIVE SUMMARY OF REVENUE BY SOURCE AND EXPENSES BY TYPE REVENUES BY SOURCE Fiscal Member Employer Investment State Year Contributions $357,223 Contributions $1,008,085 Income Contributions $1,279,286 Total 1979 $ 408,390 $3,052,984 1980 418,895 1,254,922 478,975 1,551,460 3,704,252 1981 443,312 1,284,954 646,487 1,679,071 4,053,824 1982 498,893 1,369,341 1,061,976 1,762,626 4,692,836 1983 525,904 1,283,056 1,306,008 1,987,188 5,102,156 1984 553,306 1,234,377 1,575,775 2,116,205 5,479,663 1985 577,408 1,306,400 1,893,642 2,101,244 5,878,694 1986 631,450 1,201,219 2,499,684 2,339,066 6,671,419 EXPENSES BY TYPE Fiscal Year Benefits Refunds 1979 $2,021,331 $44,760 1980 2,160,407 64,207 1981 2,300,869 77,823 1982 2,459,857 79,409 1983 2,743,215 14,819 1984 2,926,085 71,241 1985 3,151,287 108,187 1986 3,463,618 79,197 Administative Expenses Other* Total ; 715 $(1,543,032) $ 523,774 794 42,635 2,268,043 2,223 (49,810) 2,331,105 17,742 (8,814) 2,548,194 15,676 (149,481) 2,624,229 20,637 (79,040) 2,938,923 18,734 602,337 3,880,545 24,191 (2,613) 3,564,393 ♦Includes Prior Year Adjustments, and F.Y.
What to read after Annual Financial Report 1986?
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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