Laserfiche WebLink
CITY OF ELK RIVER,MINNESOTA <br /> REQUIRED SUPPLEMENTARY INFORMATION <br /> DECEMBER 31,2013 <br /> Elk River Fire Relief Pension Plan <br /> Schedule of Funding Progress <br /> Assets in <br /> Excess of Pension <br /> Actuarial Actuarial Actuarial (Unfunded) Benefit <br /> Valuation Value of Accrued Accrued Percentage Per Year <br /> Date Assets Liability Liability Funded of Service <br /> 12/31/11 $ 2,260,830 $ 2,540,365 $(279,535) 89.0% $ 5,091 <br /> 12/31/12 2,456,311 2,551,430 (95,119) 96.3% 5,091 <br /> 12/31/13 2,880,579 2,592,356 288,223 111.1% 5,091 <br /> Other Postemployment Benefits <br /> Schedules of Funding Progress <br /> Municipal Retiree Health Plan <br /> Unfunded UAAL as a <br /> Actuarial Actuarial Actuarial Actuarial Annual Percentage <br /> Valuation Value of Accrued Accrued Funded Covered of Covered <br /> Date Assets(a) Liability(b Liability(b-a) Rate Payroll(c) Payroll((b-a)/c) <br /> O1/01/08 $ $ 88,718 $ 88,718 0.00% $ 4,095,000 2.17% <br /> 01/01111 908,610 908,610 0.00% 6,901,671 13.17% <br /> Utilities Retiree Health Plan <br /> Unfunded UAAL as a <br /> Actuarial Actuarial Actuarial Actuarial Annual Percentage <br /> Valuation Value of Accrued Accrued Funded Covered of Covered <br /> Date Assets a Liability(b) Liability b-a Rate Payroll(c) Payroll((b-a)/cL <br /> 01/01/08 $ $ 56,892 $ 56,892 0.00% $ 2,300,000 2,47% <br /> O1/01/11 42,681 42,681 0.00% 2,286,547 1.87% <br /> 63 <br />