Comprehensive Annual Financial Report 1996
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The remaining amount, equal to 10.18% of members' compensation is payable from a portion of the fees collected from drivers' licenses and duplicate drivers' license applications.
3. Supplemental Benefit Contributions Twenty-five cents of each motor vehicle registration fee must be deposited in the HPORS trust fund at the end of each fiscal year. This additional contribution funds the supplemental lump-sum benefit for eligible recipients.
Montana PERB 's Comprehensive Annual Financial Report 255... HPORS FINANCIAL SECTION Highway Patrol Officers' Retirement System Required Supplementary Information Schedule of Funding Progress Actuarial Valuation Date Actuarial Value of Assets* (a) Actuarial Accrued Liability (AAL) -Entry Age (b) Unfunded AAL (UAAL) (b-a) Funded Ratio (a/b) Covered Payroll** (c) UAAL as a Percentage of Covered Payroll ((b-a)/c) 06/30/92 06/30/94 06/30/96 $33,710,986 40,466,203 47,325,347 $57,447,133 63,327,423 67,709,036 $23,736,147 22,861,220 20,383,689 58.68% 63.90% 69.90% $5,575,233 5,650,257 6,241,716 425.74% 404.60% 326.57% Analysis of the dollar amounts of plan net assets, actuarial accrued liability, and unfunded actuarial accrued liability in isolation can be misleading.
What to read after Comprehensive Annual Financial Report 1996?
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 remaining amount, equal to 10.18% of members' compensation is payable from a portion of the fees collected from drivers' licenses and duplicate drivers' license applications.
3. Supplemental Benefit Contributions Twenty-five cents of each motor vehicle registration fee must be deposited in the HPORS trust fund at the end of each fiscal year. This additional contribution funds the supplemental lump-sum benefit for eligible recipients.
Montana PERB 's Comprehensive Annual Financial Report 255... HPORS FINANCIAL SECTION Highway Patrol Officers' Retirement System Required Supplementary Information Schedule of Funding Progress Actuarial Valuation Date Actuarial Value of Assets* (a) Actuarial Accrued Liability (AAL) -Entry Age (b) Unfunded AAL (UAAL) (b-a) Funded Ratio (a/b) Covered Payroll** (c) UAAL as a Percentage of Covered Payroll ((b-a)/c) 06/30/92 06/30/94 06/30/96 $33,710,986 40,466,203 47,325,347 $57,447,133 63,327,423 67,709,036 $23,736,147 22,861,220 20,383,689 58.68% 63.90% 69.90% $5,575,233 5,650,257 6,241,716 425.74% 404.60% 326.57% Analysis of the dollar amounts of plan net assets, actuarial accrued liability, and unfunded actuarial accrued liability in isolation can be misleading.
What to read after Comprehensive Annual Financial Report 1996?
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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