- 27 -
1991 1992 1993 1994
A. Investment return 5.5% 4.9% 3.6% 3.6%
B. Present value accrued benefits
a. Active $13,361,586 $38,521,857 $62,860,146 $83,594,015
b. Retired 26,311,902 36,694,928 47,731,960 48,947,859
c. Total 39,673,488 75,216,785 110,592,106 132,541,874
C. Value of assets (beginning of year)
a. VEBA --- 30,736,554 30,176,217 39,940,676
b. 401(h) --- 1,125,467 1,172,269 7,598,653
c. Total --- 31,862,021 31,348,486 47,539,329
D. Nondeductible contribution from prior
years (O from prior year) --- 22,034,781 14,394,743 14,426,384
E. Net value of assets1 --- 9,827,240 16,953,743 33,112,945
F. Present value future normal costs2 39,673,488 65,389,545 93,638,363 99,428,929
G. Average present value of future service 4.81 6.63 7.26 7.19
H. Normal cost (beginning of year)3 8,248,126 9,862,676 12,897,846 13,828,780
I. Benefits paid during year N/A 4,078,160 4,859,441 5,301,930
J. Employee contributions during year N/A 473,833 736,176 784,906
K. Interest to yearend4 453,647 821,352 958,237 1,335,044
L. Account limit (yearend)5 8,701,773 15,781,474 25,514,292 36,161,092
M. Actual contribution 30,689,717 2,170,000 13,966,816 12,247,933
N. Value of assets (yearend) 30,736,554 30,176,217 39,940,676 47,668,557
O. Nondeductible contribution
carryforward6 22,034,781 14,394,743 14,426,384 11,507,465
P. Deductible limit7 8,654,936 9,810,038 13,935,175 15,166,852
1 C.c - D
2 B.c - E
3 F/G
4 A x (C.a - D + H + � of (J - I))
5 C.a - D + H - I + J + K
6 Smaller of (N - L) and (D + M), but not below zero
7 D + M - O
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