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Elk River Fire Reh,~Y Association <br /> Pension Fund <br /> <br />Estimated fund balance and investment requirements based on constant benefit <br />of $2,970 per year of service. <br /> <br /> City and Estimated <br /> Fund State Investment Retirements Fund <br />Date Value Revenues Income Paid Value <br /> <br />Accrued <br />Liability <br />Beginning <br />of Year <br /> <br />Jan. 1,1998 1192 77 107 86 1290 1274 <br />Jan. 1,1999 1290 81 0 104 1267 1277 <br />Jan. 1,2000 1267 83 0 205 1145 1182 <br />Jan. 1,2001 1145 86 0 89 1142 1200 <br />Jan. 1,2002 1142 89 0 155 1076 1155 <br />Jan. 1,2003 1076 91 0 78 1089 1185 <br /> <br />Estimated <br />Cumulative <br />Surplus/ <br />(Deficit) at <br />End of Year <br /> <br />16 <br />(10) <br />(37) <br />(58) <br />(79) <br />(96) <br /> <br />Presented in thousands - 000s omitted. <br /> <br />Estimated projections based on three percent increases in City and State Revenues and <br />retirements of one or two firefighters each year. <br /> <br />Data supplied by Elk River Fire Relief Association <br /> <br />7/24/98 <br /> <br /> <br />