Title
Pension Payroll and Financial Report - Quarter Ending June 30, 2026 (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, 2026
The following is a summary of the Fiscal Year 2025-26 fourth quarter pension charges for Plan 1079 and Plan 1082:
Pension charges of $30,195 per month for Plan 1079 (Fire) do not include the uniform allowance since a duplicate payment was made in the quarter ending December 31, 2025. The pay matches the prior quarter's average pay excluding the uniform allowance.
Pension charges of $3,021 per month for Plan 1082 (Police) remained the same as the prior quarter's average.
Please refer to the attached Exhibit 1 summarizing operating revenues and expenses for Plan 1079 (Fire) and Plan 1082 (Police).
Respectfully submitted,
Ross McCarthy
Finance Director
Exhibit:
1. Quarterly Financial Report as of June 30, 2026