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<br /> el . <br /> -. <br /> .. <br /> . <br />Present Proposed <br /> Plan Plan <br />$ 25 $ 50 <br /> 0% 100% <br /> 0% 200% <br /> e <br />$ 36,888 $ 9~,118 <br /> 24,554 53,378 <br /> 856 2,568 <br /> 5,374 10,748 <br />$ 67,672 $ 159,812 <br />$ 0 $ 0 <br /> 10,437 22,676 <br /> 7,171 7,171 <br />$ l7,60~ $ 29,847 e, <br /> 50,064 129,965 <br />~ 67,672 ~ 159,812 <br /> - <br />$ 27 $ 58 <br />$ 1,134 $ 2,436 <br />$ 4,017 $ 10,429 <br />$ 5,151 $ 12,865 <br /> 20 20 <br /> <br /> _1 . <br /> EXHIBIT 5 <br /> PLAN <br /> Maximum Standard Benefits <br /> Increase to Retired Firemen <br /> Increase to Widows <br /> LIABILITIES <br /> l. Present value of future benefits - pensioners <br /> 2. Present value of future benefits - activeparticipants* <br /> a. Standard service retirement <br /> b. Death <br />I c. Disability retirement <br />.... <br />'" 3. Total Liabilities <br />I <br /> ASSETS <br /> 4. Tangible assets <br /> 5. Present value of future normal cost contributions <br /> 6. Present value of future state contributions of $359 per <br /> year (1971-1975) average <br /> 7. Total Assets <br /> 8. Unfunded Liabilities <br /> 9. Total Assets and Unfunded Liabilities <br /> 10. Normal cost per participant <br /> 11. Total normal cost for current membership* <br /> 12. Additional annual contribution <br /> 13. Total contribution for current membership* <br /> 14. Years to amortize unfunded liability <br /> * Our study was based on 42 volunteer firemen <br />