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Financial Summary
Member Accumulation Account
| |
2010 |
2009 |
2008 |
2007 |
2006 |
| Assets, beginning of year |
74,064,093 |
66,056,297 |
84,646,964 |
88,771,666 |
84,818,433 |
| Contributions |
2,975,812 |
2,973,490 |
3,023,775 |
2,872,364 |
2,789,154 |
| Net investment income (loss) |
5,260,287 |
9,419,194 |
(12,846,525) |
(122,739) |
9,139,967 |
| Transfers to financial institutions |
(6,924,612) |
(4,384,888) |
(8,767,917) |
(6,874,327) |
(7,975,888) |
| Increase (decrease) in assets |
1,311,487 |
8,007,796 |
(18,590,667) |
(4,124,702) |
3,953,233 |
| Assets, end of year |
75,375,580 |
74,064,093 |
66,056,297 |
84,646,964 |
88,771,666 |
Retired Benefit Account
| |
2010 |
2009 |
2008 |
2007 |
2006 |
| Assets, beginning of year |
53,053,212 |
52,752,950 |
53,826,435 |
54,566,145 |
53,870,000 |
| Contributions |
1,893,419 |
1,863,663 |
1,992,661 |
2,961,684 |
1,924,748 |
| Net investment income (loss) |
3,274,959 |
4,603,299 |
2,901,636 |
2,365,112 |
5,017,247 |
| Retiree pension paid |
(5,772,846) |
(5,856,551) |
(5,967,782) |
(6,066,506) |
(6,142,014) |
| Transfers / partial plan wind up |
|
(310,149) |
|
|
(103,836) |
| Increase (decrease) in assets |
(604,468) |
300,262 |
(1,073,485) |
(739,710) |
696,145 |
| Assets, end of year |
52,448,744 |
53,053,212 |
52,752,950 |
53,826,435 |
54,566,145 |
| Retiree Liability |
55,165,014 |
57,419,548 |
58,404,159 |
63,342,709 |
61,756,186 |
| Unfunded Liability |
(2,716,270) |
(4,366,336) |
(5,651,209) |
(9,516,274) |
(7,190,041) |
| Funded Status |
95.1% |
92.4% |
90.3% |
85.0% |
88.4% |
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