Title
Pension Payroll and Financial Report - Quarter Ending June 30, 2021 (Finance - Funds 801 & 802)
Body
To: Chairman and Members of the Pension Board
From: Annie To, Finance Director
Re: Pension Payroll and Financial Report - Quarter Ending June 30, 2021
The following is a summary of the Fiscal Year 2020-21 fourth quarter pension charges for Plan 1079 and Plan 1082:
The total pension expenses for Plan 1079 (Police and Fire) remained the same at $66,346 in April 2021 and May 2021. June’s total pension expenses of $67,904 included the quarterly uniform allowance payout.
Pension expenses for Plan 1082 (Police) remained the same at $2,736 per month in the fourth quarter.
Please refer to the attached Exhibit 1 summarizing operating revenues and expenses for Plan 1079 (Police and Fire) and Plan 1082 (Police).
Respectfully submitted,
Annie To
Finance Director
Exhibit:
1. Quarterly Financial Report as of June 30, 2021