File #: 2021-1172   
Type: Regular Agenda Item
Body: Pension Board
On agenda: 7/26/2021
Title: Pension Payroll and Financial Report - Quarter Ending June 30, 2021 (Finance - Funds 801 & 802)
Attachments: 1. Exhibit 1 - Quarterly Financial Reports June 30 2021

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