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PENSION LIABILITIES <br />Employees of the City of South Bend have pensions funded under the Public Employee's Retirement Fund <br />(PEKE) of the State of Indiana. Provided below is a statement of unfunded accrued liability as reported <br />by PERF computed on the. basis of amortized cost. At June 30, 1992, the City had 736 employees <br />covered by PERF. The employer contributions for the twelve months ended December 31, 1992 were <br />S954,194. <br />' Unfunded 1993 <br /> Accrued Employer <br /> Liability Percentage of <br />' 6/30/92 Contribution <br /> City of South Bend $ -0- (1) 5.00% <br /> <br /> (1) The City has a surplus of 51,505,382. <br /> <br /> <br />The execution of this Official Statement has been duly authorized by the South Bend Redevelopment <br />Authority. <br />1 C~. ~ ~-' <br />elide ,Redevelopment Authority <br />n <br /> <br /> <br />ii <br />' A-28 <br />