|
CITY OF SOUTH BEND
<br />REQUIRED SUPPLEMENTARY INFORMATION
<br />SCHEDULES OF FUNDING PROGRESS
<br />Public Employees' Retirement Fund
<br /> Excess
<br /> (Unfunded)
<br /> Actuarial Excess of AAL as a
<br />Actuarial Accrued Assets Over Percentage
<br />Actuarial Value of Liability (Unfunded) Funded Covered of Covered
<br />Valuation Assets (AAL) AAL Ratio Payroll Payroll
<br />Date (a) (b) (a-b) (a/b) (c) ((a-b)/c)
<br />07-01-00 $ 27,569,258 $ 21,951,844 $ 5,617,414 126% $ 21,460,673 26%
<br />07-01-01 28,925,292 24,048,347 4,876,945 120% 22,063,109 22%
<br />07-01-02 27,343,275 27,648,817 (305,542) 99% 22,751,231 (1%)
<br />1925 Police Officers' Pension Plan
<br /> Excess
<br /> (Unfunded)
<br /> Actuarial Excess of AAL as a
<br />Actuarial Accrued Assets Over Percentage
<br />Actuarial Value of Liability (Unfunded) Funded Covered of Covered
<br />Valuation Assets (AAL) AAL Ratio Payroll Payroll
<br />Date (a) (b) (a-b) (a/b) (c) ((a-b)/c)
<br />01-01-97 $ 1,531,332 $ 78,865,547 $(77,334,215) 1.94% $ 1,736,133 (4,454%)
<br />01-01-98 1,205,205 82,300,775 (81,095,570) 1.46% 1,590,417 (5,099%)
<br />01-01-99 833,900 72,131,400 (71,297,500) 1.16% 1,497,063 (4,762%)
<br />01-01-00 499,407 77,098,600 (76,599,193) 0.65% 1,469,067 (5,214%)
<br />01-01-01 375,258 77,407,200 (77,031,942) 0.48% 1,385,633 (5,559%)
<br />01-01-02 3,060,517 77,938,200 (74,877,683) 3.92% 1,862,900 (4,019%)
<br />1937 Firefighters' Pension Plan
<br /> Excess
<br /> (Unfunded)
<br /> Actuarial Excess of AAL as a
<br />Actuarial Accrued Assets Over Percentage
<br />Actuarial Value of Liability (Unfunded) Funded Covered of Covered
<br />Valuation Assets (AAL) AAL Ratio Payroll Payroll
<br />Date (a) (b) (a-b) (a/b) (c) ((a-b)/c)
<br />01-01-97 $ 1,262,113 $ 78,938,487 $(77,676,374) 1.60% $ 2,175,583 (3,570%)
<br />01-01-98 949,387 78,614,583 (77,665,196) 1.21% 2,027,817 (3,830%)
<br />01-01-99 912,070 60,701,100 (59,789,030) 1.50% 1,893,973 (3,157%)
<br />01-01-00 1,150,438 65,320,900 (64,170,462) 1.76% 1,746,567 (3,674%)
<br />01-01-01 923,076 70,466,700 (69,543,624) 1.31% 1,536,650 (4,526%)
<br />01-01-02 2,821,371 70,084,800 (67,263,429) 4.02% 2,017,100 (3,335%)
<br />60
<br />
|