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File #: 2020-7640   
Type: Regular Agenda Item
Body: Pension Board
On agenda: 1/27/2020
Title: Pension Payroll and Financial Report - Quarter Ending December 31, 2019 (Finance - Funds 801 & 802)
Attachments: 1. Exhibit 1 - Quarterly Financial Report 12.31.19

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Pension Payroll and Financial Report - Quarter Ending December 31, 2019 (Finance - Funds 801 & 802)

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To: Chairman and Members of the Pension Board

 

From: Elena Adair, Finance Director

 

Re:  Pension Payroll and Financial Report - Quarter Ending December 31, 2019

 

The following is a summary of the Fiscal Year 2019-20 second quarter pension charges for Plan 1079 and Plan 1082:

 

 

 

Pension charges for Plan 1079 (Police and Fire) slightly decreased in November and December due to the passing of police pensioner, Florence Magliocco, on November 22, 2019.  December’s decrease in Plan 1079 reflects a full month reduction due to the pensioner’s passing offset by the quarterly payment of the uniform allowance.  Pension charges for Plan 1082 (Police) remained the same for each month in the quarter.

 

Also, please refer to the attached Exhibit 1 summarizing operating revenues and expenses for the police and fire pension Plan 1079 and Plan 1082.

 

Respectfully submitted,

 

 

Elena Adair

Finance Director

 

Exhibit:

1.                     Quarterly Financial Report 12-31-19