Laserfiche WebLink
<br /> <br /> <br /> <br /> September 5, 2024 <br /> <br />21 <br /> <br />ASSETS <br />Market Value of Plan Assets <br />(000’s Omitted) <br /> <br /> 2020/21 2021/22 2022/23 <br />Projected <br />2023/245 <br /> Market Value <br />(Beginning of Year) $51,227 $65,303 $56,333 $59,924 <br /> Trust Contribution 25 - - - <br /> Trust Withdrawals6 - (201) - - <br /> Administrative Expenses (29) (32) (28) (30) <br /> Net Investment Return 14,080 (8,737) 3,619 3,744 <br /> Market Value <br />(End of Year) 65,303 56,333 59,924 63,638 <br /> Approximate Annual Return 27.5% (13.4%) 6.4% 6.25% <br /> <br /> <br /> <br />5 Projection assumes no trust contributions or withdrawals in 2023/24 <br />6 Additional benefit payments paid outside trust by the City. <br /> <br /> <br /> <br /> <br /> September 5, 2024 <br /> <br />22 <br />ASSETS <br />Actuarial Value of Plan Assets <br />(000’s Omitted) <br /> <br /> 2020/21 2021/22 2022/23 <br /> Actuarial Value <br />(Beginning of Year) $53,001 $58,320 $60,651 <br /> Contributions 25 - - <br /> Trust Withdrawals - (201) - <br /> Administrative Expenses (29) (32) (28) <br /> Expected Earnings 3,577 3,644 3,790 <br /> Expected AVA (End of Year) 56,574 61,731 64,413 <br /> MVA (End of Year) 65,303 56,333 59,924 <br /> 1/5 of (MVA - Expected AVA) 1,746 (1,079) (898) <br /> Preliminary AVA 58,320 60,651 63,515 <br /> Minimum AVA (80% of MVA) 52,243 45,067 47,939 <br /> Maximum AVA (120% of MVA) 78,364 67,600 71,909 <br /> Actuarial Value <br />(End of Year) 58,320 60,651 63,515 <br /> Approximate Annual Return 10.0% 4.4% 4.8%