Laserfiche WebLink
<br /> <br /> <br /> <br />September 5, 2024 27 <br />RESULTS <br />Actuarial Obligations <br />(000’s Omitted) <br /> <br /> 6/30/21 6/30/23 <br />Projected <br />6/30/24 <br /> Present Value of Benefits <br />• Actives $17,717 $20,059 <br />• Retirees 20,886 22,642 <br />• Total 38,603 42,701 <br /> Actuarial Accrued Liability <br />• Actives 11,821 13,175 <br />• Retirees 20,886 22,642 <br />• Total 32,707 35,817 $37,221 <br /> Assets7 26,026 27,339 29,034 <br /> Unfunded Liability 6,681 8,478 8,187 <br /> Funded Ratio <br />• Actuarial Assets 79.6% n/a n/a <br />• Market Assets 89.5% 76.3% 78.0% <br /> <br /> <br />7 Actuarial value of assets as of 6/30/21, market value of assets as of 6/30/23 and projected 6/30/24. <br /> <br /> <br /> <br /> <br />September 5, 2024 28 <br />RESULTS <br />Actuarial Gain/Loss <br />(000’s Omitted) <br /> <br /> AAL Assets UAAL <br /> Actual @ 6/30/2021 $32,707 $26,026 $6,681 <br /> Expected @ 6/30/2023 35,226 29,657 5,568 <br /> Changes <br />• Actual vs. expected premiums and claims 491 - 491 <br />• Asset/Contribution gain (2,318) 2,318 <br />• Healthcare medical trend 2,368 - 2,368 <br />• Medicare eligibility (304) - (304) <br />• Other/Demographic8 (1,964) - (1,964) <br />• Total Increase/(Decrease) 591 (2,318) 2,910 <br /> Actual @ 6/30/2023 35,817 27,339 8,478 <br /> <br /> <br /> <br />8 Includes terminations and retirements different than expected and medical coverage changes.