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06-05-2017 Council Packet
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06-05-2017 Council Packet
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2/8/2018 11:00:15 AM
Creation date
6/6/2017 2:19:50 PM
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City Council
Council Document Type
Council Packet
Meeting Date
06/05/2017
Council Meeting Type
Work Session Regular
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CITY OF LINO LAKES, MINNESOTA <br />REQUIRED SUPPLEMENTARY INFORMATION Statement 12 <br />SCHEDULE OF FUNDING PROGRESS - RETIREE HEALTH PLAN <br />For The Year Ended December 31, 2016 <br />Unfunded <br />Actuarial Actuarial Actuarial UAAL as a <br />Actuarial Value of Accrued Accrued Funded Covered Percentage of <br />Valuation Assets Liability (AAL) Liability (UAAL) Ratio Payroll Covered Payroll <br />Date (a)(b)(b-a)(a/b)(c) ( (b-a) / c) <br />January 1, 2008 $0 $329,191 $329,191 0.0% $4,859,980 6.8% <br />January 1, 2011 $0 $474,770 $474,770 0.0% $4,888,702 9.7% <br />January 1, 2014 $0 $547,626 $547,626 0.0% $5,265,020 10.4% <br />92
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