Laserfiche WebLink
&,7<2)3/($6$1721 <br />1RWHVWRWKH%DVLF)LQDQFLDO6WDWHPHQWV <br /><HDU(QGHG-XQH <br /> <br /> <br />127( 3267(03/2<0(17+($/7+&$5(%(1(),76 &217,18('  <br /> <br />x )RU 0DQDJHPHQW DQG &RQILGHQWLDO HPSOR\HHV ZKR ZHUH KLUHG SULRU WR  DQG UHWLUH RQ D VHUYLFH <br />UHWLUHPHQWIURPWKH&LW\RI3OHDVDQWRQWKH&LW\VKDOOSD\SHUFHQWIRUHDFK\HDURI VHUYLFH RI WKH &LW\¶V <br />FRQWULEXWLRQWRZDUGWKHPRQWKO\SUHPLXPIRUHPSOR\HHDQGRQHGHSHQGHQW )RU DOO VHUYLFH UHWLUHPHQWV WKH <br />IRUPXOD DFFHOHUDWHV EHJLQQLQJ ZLWK  \HDUV RIVHUYLFH \HDUV \HDUV \HDUV  <br />\HDUV  0DQDJHUVKLUHGSULRUWRZKRZRUNDPLQLPXPRIILYH\HDUVDVDIXOOWLPHPDQDJHU <br />ZLWKWKH&LW\RI3OHDVDQWRQDUHHOLJLEOHWRFRXQWSULRU\HDUVRIVHUYLFHFRPSOHWHGZLWKDQRWKHU3(56PXQLFLSDO <br />DJHQF\WRZDUGVHUYLFHUHTXLUHPHQWVIRUUHWLUHHPHGLFDOEHQHILWV <br /> <br />x,IKLUHGRQRUDIWHUWKH&LW\VKDOOSD\SHUFHQWIRUHDFK\HDURIVHUYLFHRIWKH&LW\¶V FRQWULEXWLRQ <br />WRZDUGWKHPRQWKO\SUHPLXPIRUVLQJOHFRYHUDJH)RUDOOVHUYLFHUHWLUHPHQWVWKHIRUPXODDFFHOHUDWHVEHJLQQLQJ <br />ZLWK\HDUVRIVHUYLFH \HDUV \HDUV \HDUV \HDUV  7KH&LW\¶V <br />FRQWULEXWLRQIRUUHWLUHHPHGLFDOLVHVWDEOLVKHGDVWKHVDPHGROODUFRQWULEXWLRQSDLGIRUDFWLYHHPSOR\HHVDWWKH <br />VLQJOHUDWHRIWKHORZHVWFRVW+02 HDUO\UHWLUHHSODQ5HWLUHHKHDOWKEHQHILWVLQFOXGLQJUHLPEXUVHPHQWVZLOO <br />FHDVHRQFHHPSOR\HHVEHFRPH0HGLFDUHHOLJLEOH <br /> <br />,QWKHFDVHZKHUHWKHHPSOR\HHHOLJLEOHIRUWZRSDUW\FRYHUDJHLVGHFHDVHGWKHDPRXQWWKH&LW\LVREOLJDWHGWRSD\ <br />VKDOOEHUHGXFHGE\RQHKDOI  ,IDVSRXVHUHPDUULHVWKHREOLJDWLRQVE\WKH&LW\VKDOOWHUPLQDWH'RPHVWLF <br />3DUWQHUVVKDOOEHWUHDWHGLQWKHVDPHPDQQHUDVVSRXVHVIRUFRQWLQXDWLRQRIEHQHILWV <br /> <br />)RUDOOHPSOR\HHVPHQWLRQHGDERYHZKRUHWLUHIRUGLVDELOLW\WKH&LW\VKDOOSD\DSHUFHQWDJHRIWKHPRQWKO\SUHPLXP <br />LQDFFRUGDQFHZLWKWKHDSSOLFDEOH028 <br /> <br />7KH&LW\DOORZVUHWLUHHVWRSDUWLFLSDWHLQWKHHDUO\UHWLUHHPHGLFDOSODQZKLFKDWWKHWLPHRIUHWLUHPHQWKDV WKH <br />VDPHSUHPLXPUDWHVDVDFWLYHHPSOR\HHV%HFDXVHWKHUDWHLVD³EOHQGHGUDWH´SD\PHQWVIRUWKHDFWLYHHPSOR\HHV <br />LQFOXGHDQLPSOLHGVXEVLG\RIZKDWZRXOGQRUPDOO\EHDKLJKHUUDWHIRUUHWLUHHVLIWKHUHWLUHHVZHUH HQUROOHG LQ D <br />VWDQGDORQHKHDOWKSODQ7KHSUHPLXPUDWHSDLGE\DUHWLUHHGHSHQGVRQWKHUHWLUHH¶VIRUPHUFODVVLILFDWLRQ\HDUV <br />RIVHUYLFHDQGWKHIRUPXODVSHFLILHGLQWKHDSSOLFDEOH028 <br /> <br />Employees Covered by Benefit Terms – 0HPEHUVKLSLQWKHSODQVFRQVLVWHGRIWKHIROORZLQJDWWKH PHDVXUHPHQW <br />GDWHRI-XQH <br /> <br /> <br />% )XQGLQJ3ROLF\ <br /> <br />,Q $SULO  WKH &LW\ HVWDEOLVKHG DQ 2WKHU 3RVW (PSOR\PHQW +HDOWK %HQHILW 23(%  LUUHYRFDEOH WUXVW WKH <br />&LW\ RI 3OHDVDQWRQ *URXS $FFRXQW ZLWK WKH &DOLIRUQLD (PSOR\HU¶V 5HWLUHH %HQHILW 7UXVW 3URJUDP &(5%7  <br />DGPLQLVWHUHGE\WKH&DOLIRUQLD3XEOLF(PSOR\HHV¶5HWLUHPHQW6\VWHP &DO3(56 DVDQDJHQWPXOWLSOHHPSOR\HU <br />SODQ 7KLV WUXVW LV XVHG WR DFFXPXODWH UHVRXUFHV WR IXQG IXWXUH EHQHILWV KRZHYHU LW GRHV QRWUHSUHVHQWWKH <br />DFWLYLWLHV RI WKH SODQ )LQDQFLDO VWDWHPHQWV RI &(5%7 DUH LQFOXGHG LQ WKH &DO3(56 $QQXDO&RPSUHKHQVLYH <br />)LQDQFLDO5HSRUW $&)5 &RSLHVRIWKH&DO3(56$&)5PD\EHREWDLQHGIURPWKH &DO3(56([HFXWLYH2IILFH± <br />36WUHHW6DFUDPHQWR&DOLIRUQLD <br />1RQ)LUH )LUH <br />$FWLYH3ODQ0HPEHUV   <br />  <br />  <br />7RWDO   <br />,QDFWLYH HPSOR\HHV RU EHQHILFLDULHV FXUUHQWO\ <br />UHFHLYLQJEHQHILWSD\PHQWV <br />,QDFWLYH HPSOR\HHV HQWLWOHG WR EXW QRW \HW <br />UHFHLYLQJEHQHILWSD\PHQWV <br />101 <br />Page 290 of 554