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10.03 Post-Employment Benefit Valuation Report
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02-05-2019 City Council Meeting
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10.03 Post-Employment Benefit Valuation Report
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Other Information <br /> Plan Participants I <br /> � __---_ � � <br /> 1. Participant counts <br /> a. Actives 14 13 <br /> b. Retirees receiving payments 0 0 <br /> c. Spouses receiving payments 0 0 <br /> d. Total participants 14 13 <br /> 2. Active participant statistics <br /> a. Average age 45.8 48.8 ' <br /> b. Average hire service 8•3 8•7 <br /> c. Total expected pay for year $ 680,619 $ 607,093 <br /> 3. Retirees(excludes spouse) �I <br /> a. Average age: Pre-65 0.00 0.00 ' <br /> b. Average age: Post-65 0.00 0.00 <br /> 4. Number of retirees by age <br /> a. Under 50 0 0 <br /> b. 50 to 54 0 0 <br /> c. 55 to 59 0 0 ' <br /> d. 60 to 64 0 0 <br /> e. 65+ 0 0 � <br /> f. Total � � � <br /> Covered Population: All of the active employees who have access to health insurance and all retirees who <br /> have elected to continue coverage on the employer's medical plan after retirement have been included in this <br /> valuation. i <br /> � <br /> C'ity of Pequot Lakes <br /> Page 12 <br />
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