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03 - Request for Fire Relief Benefit Increase
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05-23-2011 Special Council Meeting
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03 - Request for Fire Relief Benefit Increase
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�. - <br />� <br />� <br />PEQUOT LAKES FIREMAN'S RELIEF ASSOCIATION <br />SCHEDULE OF FUNDING PROGRESS <br />YEAR ENDED DECEMBER 31, 2008 <br />(UNAUDITED) <br />Unfunded <br />Fiscal Value of Accrued (Excess Funded <br />Year Assets Liability (AAL) Funded) Ratio <br />Ending (a) (b) (b-a) (a/b) <br />12/31/2008 $ 734,308 $ 725,088 $ (9,220) 101.3 % <br />12/31/2007 747,773 661,774 (85,999) 113.0 <br />12/31/2006 665,687 621,690 (43,997) 107.1 <br />12/31/2005 567,179 617,426 50,247 91.9 <br />12/31/2004 474,231 565,726 91,495 83.8 <br />12/31/2003 408,249 385,824 (22,425) 105.8 <br />12/31/2002 320,139 353,472 33,333 90.6 <br />12/31/2001 336,932 396,032 59,100 85.1 <br />(18) <br />$ <br />�oa g 19��;�f <br />ePe,� r f- <br />Pension <br />Benefit <br />Per Year <br />of Service <br />2,500 <br />2,500 <br />2,500 <br />2,500 <br />2,500 <br />1,800 <br />1,600 <br />1,600 <br />
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