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06-06-2016 Council Packet
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06-06-2016 Council Packet
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1/25/2018 3:33:02 PM
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6/7/2016 9:28:11 AM
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City Council
Council Document Type
Council Packet
Meeting Date
06/06/2016
Council Meeting Type
Work Session Regular
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<br />73 <br />CITY OF LINO LAKES, MINNESOTA Statement 12 <br />SCHEDULE OF FUNDING PROGRESS FOR POSTEMPLOYMENT BENEFIT PLAN <br />Current and Two Preceeding Valuations <br />Actuarial UAAL as a <br />Actuarial Accrued Percentage <br />Actuarial Value of Liability Unfunded Funded Covered of Covered <br />Valuation Assets (AAL) AAL Ratio Payroll Payroll <br />Date (a) (b) (b-a) (a/b) (c) ((b-a)/c) <br />1/1/2008 -$ 329,191$ 329,191$ - 4,859,980$ 6.8% <br />1/1/2011 - 474,770 474,770 - 4,888,702 9.7% <br />1/1/2014 - 547,626 547,626 - 5,265,020 10.4% <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />
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