HomeMy WebLinkAbout2009 01 27 Attachment #2 Handed out by Sandy Turner Under Regular 600Date: January 27, 2009
ATTACHED HANDOUT CALLED `CITY
OF WINTER SPRINGS RETIREMENT
PLAN CURRENT FUNDING METHOD
OF FROZEN INITIAL LIABILITY AS OF
OCTOBER 1, 2008' WAS DISTRIBUTED
TO THE BOARD MEMBER UNDER
REGULAR 600 BY SANDY TURNER.
CITY OF WINTER SPRINGS
RETIREMENT PLAN
CURRENT FUNDING METHOD OF FROZEN INITIAL LIABILITY
as of October 1, 2008
Unfunded Accrued
Liability
~5 (191 41 R
Actuarial Value
of Assets
$18,648,896
Normal Cost
$1,515,819
Amortization
of Unfunded Accrued
Lialility
$465,727
>ent Value of
Normal Costs
,9,913,088
Total Present Value of Benefits = $33,653,402 CURRENT PLAN FUNDING ILLUSTRATION