Title
Pension Payroll and Financial Report - Quarter Ending December 31, 2022 (Finance - Funds 101 & 102)
Body
To: Chairman and Members of the Pension Board
From: Margaret O’Brien, Finance Director
Re: Pension Payroll and Financial Report - Quarter Ending December 31, 2022
The following is a summary of the Fiscal Year 2022-23 second quarter pension charges for Plan 1079 and Plan 1082:
Pension charges for Plan 1079 (Fire) remained the same at $34,402 for October and November in the second quarter. December’s total pension expenses of $35,154 included the quarterly uniform allowance payout.
Pension charges for Plan 1082 (Police) remained the same at $2,791 per month in the second 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,
Margaret O’Brien
Finance Director
Exhibit:
1. Quarterly Financial Report as of December 31, 2022