HomeMy WebLinkAbout2008 01 29 Handout given by Sandy Turner of Retirement Plan SpecialistsDate: January 29, 2008
HANDOUT GIVEN BY
TURNER, RETIREMENT
SPECIALISTS.
SANDY
PLAN
CITY OF WINTER SPRINGS
RETIREMENT PLAN
CURRENT FUNDING METHOD OF FROZEN INITIAL LIABILITY
as of October 1, 2006
Actuarial Value
of Assets
$1 1,951,383
Nora
$1,299,178
Amortization
of Unfunded Accrued
Lialility
$374, 639
t Value of
ormal Costs
$8,403,333
Total. Present Value of Benefits = $24,446,082 CURRENT PLAN FUNDING ILLUSTRATION
Unfunded Accrued
Liability
~4 n9 ~ ~~~