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Agenda - Council Work Session - 06/25/2013
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Agenda - Council Work Session - 06/25/2013
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Last modified
3/18/2025 9:16:39 AM
Creation date
6/20/2013 5:59:21 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council Work Session
Document Date
06/25/2013
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Actuarial Actuarial <br />Valuation Accrued <br />Date Liability <br />January 1, 2009 $ 553,972 $ <br />January 1, 2012 $ 539,281 $ <br />REQUIRED SUPPLEMENTARY INFORMATION <br />Other Post - Employment Benefits Plan <br />Schedule of Funding Progress <br />Actuarial <br />Value of <br />Plan Assets <br />Unfunded <br />Actuarial <br />Accrued <br />Liability <br />- $ 553,972 0.00% $ 6,067,829 <br />- $ 539,281 0.00% $ 4,555,326 <br />* The January 1, 2009 actuary study required in the year of implementation. <br />Funded Covered <br />Ratio Payroll <br />Unfunded <br />Liability as a <br />Percentage of <br />Payroll <br />9.13% <br />11.84% <br />
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