Title
Pension Payroll and Financial Reports - Quarter Ending March 31, 2015 (Finance - Funds 801 & 802)
Body
To: Chairman and Members of the Pension Board
From: Elena Adair, Finance Director
Re: Pension Payroll and Financial Reports - Quarter Ending March 31, 2015
Following is a summary of the second quarter and year to date pension charges for the 1079 and 1082 plans.
Pension charges in March increased compared to month prior due to a uniform allowance payment and a pension adjustment posted in March that had an effective date of January 1, 2015. This increase was offset by a reduction of pension payment due to a retiree passing away in February.
Please also refer to the attached exhibit summarizing operating revenues and expenses for the police and fire pension plans 1079 and 1082.
Respectfully submitted,
Elena Adair
Finance Director
By,
Brad Farmer, Acting Financial Services Manager
Exhibit:
1. Financial Reports