HomeMy WebLinkAboutEXHIBIT 11: SEPTEMBER 30, 2008 COMPREHENSIVE ANNUAL FINANCIAL REPORTINGCITY OF PORT ARTHUR, TEXAS
REQUIRED SiJPPLEMENTARY INFORMATION
FUNDING PROGRAMS FOR EMPLOYEE RETIREMENT SYSTEMS
FOR THE YEAR ENDED SEPTEMBER 30, 2008
PORT ARTHUR FIREMEN'S RELIEF & RETIREMENT FUND
SCHEDULE OF FUNDING PROGRESS
Exhibit 11
Actuarial UAAL as a
Actuarial Value Accrued Liability Unfunded AAL Annual Covered Percentage of
Year _of Assets (AAL) Percentage Funded (UAAL) Payroll _ Covered Payroll
1998
1999 $ 20,032.076 $ 24,374,083
2000
2001 22,465,692 27,464,875
2002
20C13 22,728,647 30,926,645
20C14
2005 26,289,674 35,769,252
2006
2007~'~ 31,142,242 40,077,603
~~~ Date of actuary study 1!1/2008
Not Calculated
82.2% $ 4,342,007 $ 4,114,300 105.53%
Not Calculated
8l .8% 4,999,183 4,653,127 107.44%
Not Calculated
73.5% 8,197,998 4,987,935 164.36%
Not Calculated
73.5% 9,479,578 5,462,233 173.55%
Not Calculated
77.7% 8,935,361 5,848,497 152.78%
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