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Calculate pension funded ratio The city of Tallahassee maintains pension trust funds for general employees, police offic
Posted: Thu Apr 28, 2022 10:56 am
by answerhappygod
- Calculate Pension Funded Ratio The City Of Tallahassee Maintains Pension Trust Funds For General Employees Police Offic 1 (53.84 KiB) Viewed 31 times
Calculate pension funded ratio The city of Tallahassee maintains pension trust funds for general employees, police officers, and firefighters. Assume a note to Tallahassee's financial statements shows the following regarding each fund (in thousands of dollars): General Police Fire Plan fiduciary net position $1,718,613 $514,283 $326,288 Total pension liability $1,881,916 $585,016 $414,873 a) Calculate the funded ratio for each of the city of Tallahassee's pension plans. Round all percentages to one decimal. 0 % General Police 0 0 % Fire 0 0 % b) Using the rule of thumb suggested in the text, do any of the pension funds fall below the reasonableness norm?