Laserfiche WebLink
<br />,,~ <br /> <br />.. <br />- <br /> <br />. <br /> <br />. <br /> <br />. -( <br />"'" <br /> <br />e <br /> <br />SEeTION II. <br /> <br />. AeTUARIAL VALUATION <br /> <br />e <br /> <br />.. <br />On the basis of these assumptions, the actuarially valued assets and <br /> <br />liabilities of the fund as of December 31, 1975, were determined to be <br /> <br />as follows: <br /> <br />VALUATION BALANeE SHEET <br />December 31, 1975 <br /> <br />LIABILITIES: <br /> <br />1. Present valu~ of future benefits <br />payable on account of those now <br />receiving benefits: <br />(a) Service retired members <br />(b) Widows <br /> <br />2. Present value of future benefits <br />payable to present active firemen: <br />(a) Standard service retirement <br />(firemen and dependents) <br />(b) Death <br />(c) Disability (firemen and dependents), <br /> <br />3. Total Liabilities <br /> <br />ASSETS: <br /> <br />4. Tangible assets of Pension Fund, <br />December 31, 1975 <br /> <br />5. Present value of future contibutions <br />made on behalf of firemen ($5 per <br />fireman per year) <br /> <br />6. Present value of future state contibu- <br />tions (excluding Emergency Reserve Fund <br />Warrants) of $358.57 per year (1971-1975 <br />average) <br /> <br />7. Total Assets <br /> <br />8. Unfunded Liability <br /> <br />9. Total Assets and Unfunded Liability <br /> <br />- 2 - <br /> <br />$ 21,560 <br />15,328 <br /> <br />$ 36,888 <br /> <br />$ 24,554 <br />856 <br />5,374 <br /> <br />30,784 <br /> <br />$ 67,672 <br /> <br />$ <br /> <br />o <br /> <br />1,946 <br /> <br />7,171 <br /> <br />$ 9,117 <br />58,555 <br />$ 67,672 <br />