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1 <br />1 <br />11 <br />1 <br />1 <br />11 <br />1 <br />1 <br />1 <br />1 <br />1 <br />a <br />a <br />1 <br />1 <br />1 <br />1 <br />a <br />1 <br />LITTLE CANADA FIREMEN'S RELIEF ASSOCIATION <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 1992 <br />Page 9 of 9 <br />At December 31, 1992, the unfunded pension benefit obligation was $668 as follows: <br />Pension Benefit Obligation: <br />Retired members entitled to benefits, but have not received them <br />pending attainment of age 50 $52,385 <br />Current Members: <br />Fully Vested (20 or more years) 476,000 <br />Partially Vested (10 to 19 years) 357,720 <br />Nonvested (less than 10 years) 73,320 <br />Total pension benefit obligation 959,425 <br />Net assets available for benefits (at cost) 958,757 <br />Unfunded pension benefit obligation $668 <br />The market value of the net assets available for benefits as of December 31, 1992 was $994,094 <br />G. HISTORICAL TREND INFORMATION <br />Historical trend information designed to provide information about the Little Canada Firemen's <br />Relief Association's progress made in accumulating sufficient assets to pay benefits when due is <br />presented in Exhibits 2 and 3. <br />Note 8 TNTERFTIND RECEIVABLES /PAYABLE;. <br />As of December 31, 1992 there were the following amounts due between funds: <br />General Fund <br />Special Fund <br />Due from <br />Other Funds <br />$470 <br />Due to <br />Other Funds <br />5470 <br />These amounts consist of year end closing entries to the accounting records of the Relief Association, <br />and are planned to be eliminated in 1993. <br />Page 41 <br />