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`~ <br />:~., a <br />Pension Liabilities ~~~ i 9 "t9$0 <br />Employees of the City of South Bend have pensions funded under the Public <br />Employee's Retirement Fund _(PERF) of the State of Indiana. Provided below is a <br />statement of unfunded accrued liability as reported by PERF computed on' the <br />basis of amortized cost. At June 30, 1989, the City had 698~employees covered <br />by PERF. The employer contributions for the twelve months ended December 31, <br />-1989 were $593,652. <br />Unfunded 1990 <br />Accrued Employer <br />Liability Percentage of <br />6/30/89 Contribution <br />City of South Bend $1,283,316 5.00 <br />., ~ <br /> <br />• <br />• <br />-22- <br />