Title
Pension Payroll and Financial Report - Quarter Ending September 30, 2016 (Finance - Funds 801 & 802)
Body
To: Chairman and Members of the Pension Board
From: Elena Adair, Finance Director
Re: Pension Payroll and Financial Report - Quarter Ending September 30, 2016
Following is a summary of the first quarter and year to date pension charges for the 1079 and 1082 plans.
Pension payments decreased in July compared to the prior month due to passing of Ivan D. Thompson’s widow.
Pension charges in September increased compared to July and August due to a uniform allowance payment.
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
Exhibit:
1. Quarterly Financial Report