Annual Financial Report 1991
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In our eReader you can find the full English version of the book. Read Annual Financial Report 1991 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 1991
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An individual account is established for each member's contributions and interest allocations until a retirement or refund request is processed.
b. Employer Contributions The State contributes 26.75 percent of total monthly payroll is payable from the same source used to pay the members' compensation.
The State also contributes 10.18 percent of total monthly payroll from a portion of the fees collected from drivers' licenses and duplicate drivers' license applications.
The 1991 Legislature esta...blished new rates effective July 1, 1991.
See Contribution Rates Schedule.
- 93 - STATE OF MONTANA HIGHWAY PATROL OFHCERS' RETIREMENT SYSTEM NOTES TO THEHNANOAL STATEMENTS (continued) B. Actuarial Cost Method Refer to the Actuarial Section.
C. Funding Requirement Determinations and Actual Contributions The statutorily set contribution rate of 34.34% (employer and member) funds the normal contribution cost rate of 26.85%. The 7.49% difference is applied to amortize the unfunded liability of the system.
What to read after Annual Financial Report 1991?
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:
An individual account is established for each member's contributions and interest allocations until a retirement or refund request is processed.
b. Employer Contributions The State contributes 26.75 percent of total monthly payroll is payable from the same source used to pay the members' compensation.
The State also contributes 10.18 percent of total monthly payroll from a portion of the fees collected from drivers' licenses and duplicate drivers' license applications.
The 1991 Legislature esta...blished new rates effective July 1, 1991.
See Contribution Rates Schedule.
- 93 - STATE OF MONTANA HIGHWAY PATROL OFHCERS' RETIREMENT SYSTEM NOTES TO THEHNANOAL STATEMENTS (continued) B. Actuarial Cost Method Refer to the Actuarial Section.
C. Funding Requirement Determinations and Actual Contributions The statutorily set contribution rate of 34.34% (employer and member) funds the normal contribution cost rate of 26.85%. The 7.49% difference is applied to amortize the unfunded liability of the system.
What to read after Annual Financial Report 1991?
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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