Financial Audit for the Fiscal Year Ended ..., State of Montana : Report to the Legislature 2004
Financial Audit for the Fiscal Year Ended ..., State of Montana : Report to the Legislature 2004
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Funding Policy and Annual Pension Cost The following tables provide information concerning funding policies and annual pension costs (in thousands): Single Employer Systems Annual pension cost Contributions Employer Employee License and registration fees Actuarial valuation date Actuarial cost method Amortization metliod Remaining amortization period Asset valuation method Actuarial assumptions: Investment rate of retum Projected salary Increases (Includes inflation factor) Merit Postretirement... benefit increases HPORS $3,198 8.0% 4.25% 0%-7.3% None JRS $1,136 $2,859 743 348 $1,136 443 7/01/04 7/01/04 Entry age Entry age Level percentage of total salaries, open Level percentage of total salaries, open 19.1 years 30 years 4 year smoothed market 4 year smoothed market 8.0% 4,25% None None Page C-57 Single Employer Systems Annual Pension Percentage of APC Net Year Ended Costs (APC) Contributed Obligation HPORS 06/30/02 3,047 101.3% NONE 06/30/03 3,191 100,9% NONE 06/30/04 3,198 100.3% NONE JRS 06/30/02 1,032 100.0% NONE 06/30/03 1,052 100.0% NONE 06/30/04 1,137 100.0% NONE Multiple Employer Systems Annual Required Contribution Percentage of ARC Year Ended (ARC) Contributed PERS 06/30/02 55,369 100,5% 06/30/03 58,114 99.1% 06/30/04 57,036 101.0% MPORS 06/30/02 9,732 101.1% 06/30/03 10,196 101.0% 06/30/04 10,740 101.4% FURS 06/30/02 8,432 98.1% 06/30/03 8,740 100.8% 06/30/04 9.409 100.0% SRS 06/30/02 2,338 102.1% 06/30/03 2,435 101.7% 06/30/04 2,610 103.6% GWPORS 06/30/02 1,544 103.3% 06/30/03 1,803 101.8% 06/30/04 1,930 104.7% TRS 06/30/02 51,519 100.0% 06/30/03 53,277 100.0% 06/30/04 55,774 100.0% Page C-58 H.
What to read after Financial Audit for the Fiscal Year Ended ..., State of Montana : Report to the Legislature 2004?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislature. Legislative Audit Division to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Funding Policy and Annual Pension Cost The following tables provide information concerning funding policies and annual pension costs (in thousands): Single Employer Systems Annual pension cost Contributions Employer Employee License and registration fees Actuarial valuation date Actuarial cost method Amortization metliod Remaining amortization period Asset valuation method Actuarial assumptions: Investment rate of retum Projected salary Increases (Includes inflation factor) Merit Postretirement... benefit increases HPORS $3,198 8.0% 4.25% 0%-7.3% None JRS $1,136 $2,859 743 348 $1,136 443 7/01/04 7/01/04 Entry age Entry age Level percentage of total salaries, open Level percentage of total salaries, open 19.1 years 30 years 4 year smoothed market 4 year smoothed market 8.0% 4,25% None None Page C-57 Single Employer Systems Annual Pension Percentage of APC Net Year Ended Costs (APC) Contributed Obligation HPORS 06/30/02 3,047 101.3% NONE 06/30/03 3,191 100,9% NONE 06/30/04 3,198 100.3% NONE JRS 06/30/02 1,032 100.0% NONE 06/30/03 1,052 100.0% NONE 06/30/04 1,137 100.0% NONE Multiple Employer Systems Annual Required Contribution Percentage of ARC Year Ended (ARC) Contributed PERS 06/30/02 55,369 100,5% 06/30/03 58,114 99.1% 06/30/04 57,036 101.0% MPORS 06/30/02 9,732 101.1% 06/30/03 10,196 101.0% 06/30/04 10,740 101.4% FURS 06/30/02 8,432 98.1% 06/30/03 8,740 100.8% 06/30/04 9.409 100.0% SRS 06/30/02 2,338 102.1% 06/30/03 2,435 101.7% 06/30/04 2,610 103.6% GWPORS 06/30/02 1,544 103.3% 06/30/03 1,803 101.8% 06/30/04 1,930 104.7% TRS 06/30/02 51,519 100.0% 06/30/03 53,277 100.0% 06/30/04 55,774 100.0% Page C-58 H.
What to read after Financial Audit for the Fiscal Year Ended ..., State of Montana : Report to the Legislature 2004?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislature. Legislative Audit Division to read onlineMoreLess
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