Title
Pension Payroll and Financial Report - Quarter Ending June 30, 2020 (Finance - Funds 801 & 802)
Body
To: Chairman and Members of the Pension Board
From: Nancy Bronstein, Acting Finance Director
Re: Pension Payroll and Financial Report - Quarter Ending June 30, 2020
The following is a summary of the Fiscal Year 2019-20 fourth quarter pension charges for Plan 1079 and Plan 1082:
Pension charges for Plan 1079 (Police and Fire) increased in June due to the quarterly uniform allowance payout.
Pension charges for Plan 1082 (Police) remained the same for each month in the quarter.
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,
Nancy Bronstein
Acting Finance Director
Exhibit:
Quarterly Financial Report 6-30-20