Actuarial SectionActuarial Section
Based on Plan Year Ending December 31, 2015
Actuarial Value of Assets (AVA) (Funding Valuation): $39,338,018
Covered Payroll: $15,648,114
Amortization Period: 28.1 years
Unfunded Liability: $15,781,214
Unfunded Liability per Member: $29,832
Funded Ratio: 71.4%
Unfunded Amount (Funding Valuation) as a percent of Covered Payroll: 100.9%
Active Members: 312
Inactive Members: 138
Annuitants: 79