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AG 2009 04 20
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AG 2009 04 20
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Last modified
2/5/2010 12:34:24 PM
Creation date
11/27/2017 11:25:12 AM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
2/5/2010
Board
Board of Commissioners
Meeting Type
Regular
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SCHEDULE A <br />THE HEALTH CARE PLAN OF CABARRUS COUNTY <br />RESULTS OF DECEMBER 31, 2007 ACTUARIAL VALUATION <br />MEMBERSHIP <br />Active Members <br />Law Enforcement Officers <br />Number 155 <br />Annual Compensation $ 6,311,104 <br />General Employees <br />Number 489 <br />Annual Compensation $ 19,016,765 <br />Retired Men:hers <br />Number 87 <br />~~ <br />VALUATION BALANCE SHEET <br />Accrued Actuarial Liabilities <br />Present value of benefits (based on credited service to date) payable <br />in respect of: <br />(1) Present retired members and beneficiaries $ 6,869,863 <br />(2) Present active members 14,572,012 <br />(3) Total accrued actuarial liabilities [(1)+(2)] $ 21,441,875 <br />Present and Prospective Assets <br />(4) Present assets $ 0 <br />(5) Present value of future accrued liability contributions <br />(Unfunded accrued liability) [(3)-(4)] 21,441,875 <br />(6) Total present and prospective assets $ 21,441,875 <br /> <br />Attachment number 1 <br />I -1 Page 300 of 320 <br /> <br />
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