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Pension Payroll and Financial Report - Quarter Ending December 31, 2017 (Finance - Funds 801 & 802)
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To: Chairman and Members of the Pension Board
From: Edwin Gato, Acting Finance Director
Re: Pension Payroll and Financial Report - Quarter Ending December 31, 2017
The following is a summary of the second quarter and year to date pension charges for the 1079 and 1082 plans.
In November 5, 2017, Mary Lilley, spouse of the retiree Vern Lilley, passed away. In December, pension charges increased due to the quarterly payment of the uniform allowance.
Please also refer to the attached exhibit summarizing operating revenues and expenses for the police and fire pension plans 1079 and 1082.
Respectfully submitted,
Edwin Gato
Acting Finance Director