Title
Pension Payroll and Financial Report - Quarter Ending June 30, 2019 (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 June 30, 2019
The following is a summary of the fourth quarter and year-to-date pension charges for the 1079 and 1082 plans.
In June, one pensioner belonging to Plan 1079 (Police) passed away, resulting in the slight decrease from May to June. The pensioner who passed was Lucymay Schreiber. In addition, pension charges for Plan 1079 (Police and Fire) slightly increased in June due to the quarterly payment of the uniform allowance. Pension charges for Plan 1082 (Police) remained the same for each month in the quarter.
Please also refer to the attached Exhibit 1 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 06-30-19