Laserfiche WebLink
1 vl <br />C. Funding Status and Progress (Continued) <br />The pension benefit obligations of the PERA as of June 30, 1987, were as <br />follows: <br />Public Employees <br />R"imm n ° `nd— <br />(in millions) <br />Total pension benefit obligations ° 2,839 <br />Net assets available for benefits, <br />2,609 <br />at market <br />Unfunded pension benefit obligation-230 <br />The actuarisl calculations of annual contributions include amounts that would <br />be required to achieve full (100 percent) funding by the year 2009. <br />The measurement of the pension benefit obligation is based on an actuarial. <br />valuation as of June 30, 1987. Net asse;.s available to pay pension benefits +� <br />were valued an of June 30, 1987. <br />The Commission's contribution for the year ended December 31, 1987 to PERA <br />plans represented .002 percent of total contributions required of all <br />participating entities. <br />Ten-year historical trend information is presented in PERA's Comprehensive <br />Annual Financial Repurt for the year ended June 30, 1987. This information is <br />useful in assessing the pension plan's accumulation of sufficient assets to pay <br />pension benefits as they become due. <br />8 <br />