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<br />City of La Porte
<br />Schedule of Pension Contribution
<br />TMRS
<br />
<br />Page 2
<br />
<br />Estima~e .1I'1i!~'!.u!,!pdat!d c_,,!(j/ts . . _'._ .
<br />Fiscal Year 2003 Gross Earnings
<br />
<br />COLP Employee's
<br />Contribution Rate Contribution Rate
<br />
<br />Oct-02
<br />Nov-02
<br />Dec-02
<br />Jan-03
<br />Feb-03
<br />Mar-03
<br />Apr-03
<br />May-03
<br />Jun-03
<br />Jul-03
<br />Aug-03
<br />Sep-03
<br />
<br />1,071,370.90
<br />1,655,747,50
<br />1,075,391.28
<br />1,139,863,22
<br />1,111,299,58
<br />1,072,766,66
<br />1,174,744,63
<br />1,639,988,73
<br />1,119,765,40
<br />1,108,521,10
<br />1,099,650,08
<br />1,115,103.86
<br />
<br />11,51 %
<br />11,51 %
<br />11,51 %
<br />11.41%
<br />11.41%
<br />11.41%
<br />11.41%
<br />11.41%
<br />11.41%
<br />11.41%
<br />11.41%
<br />11.41%
<br />
<br />7.00%
<br />7,00%
<br />7,00%
<br />7,00%
<br />7,00%
<br />7,00%
<br />7,00%
<br />7,00%
<br />7,00%
<br />7,00%
<br />7.00%
<br />7,00%
<br />
<br />Subtotal
<br />+5% Payroll Increase
<br />
<br />14,384,212.94
<br />719,210,64
<br />
<br />15,103,423.58
<br />
<br />Adopting this ordinance would increase the City's contribution by approximately $20,000,00
<br />
<br />Estimate with Updated Service Credits
<br />
<br />2,804,532,33
<br />
<br />Estimate without Updated Service Credits
<br />
<br />2,784,532.92
<br />
<br />Estimated difference
<br />
<br />19,999.41
<br />
<br />Total
<br />Contribution Amount
<br />
<br />198,310,75
<br />306,478.86
<br />199,054,93
<br />209,848.82
<br />204,590,25
<br />197,496,34
<br />216,270.49
<br />301,921.93
<br />206,148,81
<br />204,078,73
<br />202,445,58
<br />205,290,62
<br />
<br />2,651,936,11
<br />132,596.81
<br />
<br />2,784,532,92
<br />
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