Annual Financial Report 1994
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In our eReader you can find the full English version of the book. Read Annual Financial Report 1994 Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Annual Financial Report 1994
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Analysis of this percentage over time indicates whether the system is becoming financially stronger or weaker. Generally, the greater this percentage, the stronger the system. Expressing the unfunded PBO as a percentage of annual covered payroll approximately adjusts for the effects of inflation and aids analysis of the system's progress made in accumulating sufficient assets to pay benefits. Generally, the smaller this percentage, the stronger the system.
+ Net effect of changes in actuarial a...ssumptions increased PBO by $457,872.
H-Net effect of changes in actuarial assumptions (due to 1994 Experience Study) increased PBO by $917,281.
* Net Assets at cost.
This comparative information is only available from FY88 to FY94.
54 QTAT'tr r%tr n/frkXTTAxr a I MUNICIPAL POLICE OFFICERS' RETIRE ADDITIONS TO NET ASSETS AVAILABLE MENT SYSTEM FOR BENEFITS FISCAL ANNUAL NET ASSETS YEAR REVENUES EXPENSES* ADDITIONS AVAILABLE 06/30/85 5,878,694 3,880,545 1,998,149 19,247,539 06/30/86 6,671.419 3,564.393 3,107,026 22,354,565 06/30/87 6,893,809 3,768,751 3,125,058 25,479,623 06/30/88 7,063,483 4,119,342 2,944.141 28,423,764 06/30/89 7,733,095 4,432,970 3,300.125 31,723,889 06/30/90 7,928,329 4,929,139 2,999,190 34.723,079 06/30/91 8,200,060 5,220,445 2,979,615 37,702,694 06/30/92 9,023,480 5,423,426 3,600,054 41,302,748 06/30/93 10,566,525 4,435.857 6,130,668 47,433,416 06/30/94 11,099,461 6,303,320 4,796,141 52,229,557 'Includes Prior Year Adjustments STA TUTOR Y CONTRIBUTION RA TES FISCAL EMPLOYEE EMPLOYER STATE YEAR PERCENT PERCENT PERCENT 1979-1981 6.00/7.5 14.00 14.00 1982-1985 6.00/7.5 14.04 14.04 1986-1991 6.00/7.5 13.02 15.06 1992 6.00/7.2/8.7 13.92 15.66 7/1/92-4/30/93 6.00/7.2/8.7 13.92 15.66 5/1/93-6/30/93 7.8/9.0/10.5 13.92 15.66 1994 7.8/9.0/10.5 14.36 15.66 55 ?re5S?ECSEHSB5HB SSfflWSSBBSTSr: STATE OF MONTANA MUNICIPAL POLICE OFFICERS' RETIREMENT SYSTEM MEMBERSHIP Fiscal Year Active Members Inactive Members Total 06/30/85 06/30/86 06/30/87 06/30/88 06/30/89 06/30/90 06/30/91 06/30/92 06/30/93 06/30/94 436 436 436 427 434 441 445 453 470 480 7 7 12 12 10 9 12 16 22 28 443 443 448 439 444 450 457 469 492 508 MPORS MEMBERSHIP 600 400 C/3 200 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 nSCAL YEAR I ACTIVE MEMBERS m INACTIVE MEMBERS 56 STATE OF MONTANA MUNICIPAL POLICE OFFICERS' RETIREMENT SYSTEM RETIRED MEMBERS AND BENEFIT RECIPIENTS Fiscal Year Retirement Disability Survivor Total 06/30/85 06/30/86 06/30/87 06/30/88 06/30/89 06/30/90 06/30/91 06/30/92 06/30/93 06/30/94 250 258 268 284 286 297 305 312 334 348 84 86 88 89 93 96 97 99 105 108 25 25 25 27 30 29 27 25 26 26 359 369 381 400 409 422 429 436 465 482 MPORS RETIRED MEMBERS AND BENEFIT RECIPIENTS 600 i 1985 1986 1987 1988 1989 1990 1991 nSCAL YEAR 1992 1993 1994 I Retirement M Disability ^ Survivor 57 58 GAME WARDENS' RETIREMENT SYSTEM Photo compliments of Stan Coman 59 60 STATE OF MONTANA LEGISLATIVE AUDITOR: SCOTT A.
What to read after Annual Financial Report 1994?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Public Employees' Retirement Board to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Analysis of this percentage over time indicates whether the system is becoming financially stronger or weaker. Generally, the greater this percentage, the stronger the system. Expressing the unfunded PBO as a percentage of annual covered payroll approximately adjusts for the effects of inflation and aids analysis of the system's progress made in accumulating sufficient assets to pay benefits. Generally, the smaller this percentage, the stronger the system.
+ Net effect of changes in actuarial a...ssumptions increased PBO by $457,872.
H-Net effect of changes in actuarial assumptions (due to 1994 Experience Study) increased PBO by $917,281.
* Net Assets at cost.
This comparative information is only available from FY88 to FY94.
54 QTAT'tr r%tr n/frkXTTAxr a I MUNICIPAL POLICE OFFICERS' RETIRE ADDITIONS TO NET ASSETS AVAILABLE MENT SYSTEM FOR BENEFITS FISCAL ANNUAL NET ASSETS YEAR REVENUES EXPENSES* ADDITIONS AVAILABLE 06/30/85 5,878,694 3,880,545 1,998,149 19,247,539 06/30/86 6,671.419 3,564.393 3,107,026 22,354,565 06/30/87 6,893,809 3,768,751 3,125,058 25,479,623 06/30/88 7,063,483 4,119,342 2,944.141 28,423,764 06/30/89 7,733,095 4,432,970 3,300.125 31,723,889 06/30/90 7,928,329 4,929,139 2,999,190 34.723,079 06/30/91 8,200,060 5,220,445 2,979,615 37,702,694 06/30/92 9,023,480 5,423,426 3,600,054 41,302,748 06/30/93 10,566,525 4,435.857 6,130,668 47,433,416 06/30/94 11,099,461 6,303,320 4,796,141 52,229,557 'Includes Prior Year Adjustments STA TUTOR Y CONTRIBUTION RA TES FISCAL EMPLOYEE EMPLOYER STATE YEAR PERCENT PERCENT PERCENT 1979-1981 6.00/7.5 14.00 14.00 1982-1985 6.00/7.5 14.04 14.04 1986-1991 6.00/7.5 13.02 15.06 1992 6.00/7.2/8.7 13.92 15.66 7/1/92-4/30/93 6.00/7.2/8.7 13.92 15.66 5/1/93-6/30/93 7.8/9.0/10.5 13.92 15.66 1994 7.8/9.0/10.5 14.36 15.66 55 ?re5S?ECSEHSB5HB SSfflWSSBBSTSr: STATE OF MONTANA MUNICIPAL POLICE OFFICERS' RETIREMENT SYSTEM MEMBERSHIP Fiscal Year Active Members Inactive Members Total 06/30/85 06/30/86 06/30/87 06/30/88 06/30/89 06/30/90 06/30/91 06/30/92 06/30/93 06/30/94 436 436 436 427 434 441 445 453 470 480 7 7 12 12 10 9 12 16 22 28 443 443 448 439 444 450 457 469 492 508 MPORS MEMBERSHIP 600 400 C/3 200 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 nSCAL YEAR I ACTIVE MEMBERS m INACTIVE MEMBERS 56 STATE OF MONTANA MUNICIPAL POLICE OFFICERS' RETIREMENT SYSTEM RETIRED MEMBERS AND BENEFIT RECIPIENTS Fiscal Year Retirement Disability Survivor Total 06/30/85 06/30/86 06/30/87 06/30/88 06/30/89 06/30/90 06/30/91 06/30/92 06/30/93 06/30/94 250 258 268 284 286 297 305 312 334 348 84 86 88 89 93 96 97 99 105 108 25 25 25 27 30 29 27 25 26 26 359 369 381 400 409 422 429 436 465 482 MPORS RETIRED MEMBERS AND BENEFIT RECIPIENTS 600 i 1985 1986 1987 1988 1989 1990 1991 nSCAL YEAR 1992 1993 1994 I Retirement M Disability ^ Survivor 57 58 GAME WARDENS' RETIREMENT SYSTEM Photo compliments of Stan Coman 59 60 STATE OF MONTANA LEGISLATIVE AUDITOR: SCOTT A.
What to read after Annual Financial Report 1994?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Public Employees' Retirement Board to read onlineMoreLess
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