Title
Pension Payroll and Financial Report - Quarter Ending June 30, 2025 (Finance - Funds 101 & 102)
Body
To: Chairman and Members of the Pension Board
From: Ross McCarthy, Finance Director
Re: Pension Payroll and Financial Report - Quarter Ending June 30, 2025
The following is a summary of the Fiscal Year 2024-25 fourth quarter pension charges for Plan 1079 and Plan 1082:
Pension charges for Plan 1079 (Fire) remained the same as the prior quarter at $40,356 per month. June’s total pension expenses of $41,537 included the quarterly uniform allowance payout.
Pension charges for Plan 1082 (Police) remained the same as the prior quarter at $2,962 per month and throughout the quarter.
Please refer to the attached Exhibit 1 summarizing operating revenues and expenses for Plan 1079 (Police and Fire) and Plan 1082 (Police).
Respectfully submitted,
Ross McCarthy
Finance Director
Exhibit:
1. Quarterly Financial Report as of June 30,2025