- 14 -
Valuation Date
1/1/91 1/1/92 1/1/93 1/1/94
1. Actuarial present value of
projected benefits
Active employees $13,361,586 $38,521,857 $62,860,146 $83,594,015
Retired employees 26,311,902 36,694,928 47,731,960 48,947,859
Total 39,673,488 75,216,785 110,592,106 132,541,874
2. Actuarial value of assets
VEBA -0- 30,736,554 30,176,217 39,940,676
401(h) -0- 1,125,467 1,172,269 7,598,653
Total -0- 31,862,021 31,348,486 47,539,329
3. Actuarial present value of
future normal costs [1-2]1 13,361,588 43,354,764 79,243,620 85,002,545
4. Actuarial present value of
future service 4.81 6.63 7.26 7.19
5. Normal cost at beginning of
year [3/4] 2,777,877 6,539,180 10,915,099 11,822,329
6. Maximum contribution2
a. Paid at beginning of year 29,089,779 6,539,180 10,915,099 11,822,329
b. Interest to yearend 1,599,938 320,420 392,944 425,604
c. Paid at yearend [a + b] 30,689,717 6,859,600 11,308,043 12,247,933
1 In 1991, this is the present value of active benefits only, excluding the 1991 net benefit costs.
2 In 1991, this includes the normal cost for active participants, plus the entire present value for
those retired as of Jan. 1, 1991, excluding the retirees’ 1991 net benefit costs.
Page: Previous 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 NextLast modified: May 25, 2011