- 29 -
1991 1992 1993 1994
A. Investment return 6.6% 6.0% 5.7% 4.9%
B. Present value accrued benefits
a. Active $11,154,103 $30,515,975 $38,396,684 $61,044,923
b. Retired 23,798,600 33,006,450 38,374,995 42,599,819
c. Total 34,952,703 63,522,425 76,771,679 103,644,742
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) --- 22,679,988 16,144,825 19,283,596
E. Net value of assets1 --- 9,182,033 15,203,661 28,255,733
F. Present value future normal costs2 34,952,703 54,340,392 61,568,018 75,389,009
G. Average present value of future service 4.62 6.26 6.46 6.68
H. Normal cost (beginning of year)3 7,557,754 8,682,914 9,523,819 11,286,962
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 498,812 896,239 1,225,134 1,454,591
L. Account limit (yearend)5 8,056,566 14,031,392 20,657,080 28,881,609
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 22,679,988 16,144,825 19,283,596 18,786,948
P. Deductible limit7 8,009,729 8,705,163 10,828,045 12,744,581
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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