Chart


Why it Matters: Unfunded pensions and unfunded retiree health care as shown here are determined based on actuarial assessments of asset values and long-term liabilities. Even a "fully-funded" pension system according to annual required contributions (ARC) could be underfunded in a given year, depending on market conditions. (n031)

Data Source: This information is generally found in the footnote disclosures of your municipality's annual financial statements; it is also available in your community's actuarial valuations. (n033)

Data Table

Fiscal YearPension Fund
Assets
Present Value
Pension Fund Obligations
Percent
Funded
2006$47,211,644$43,076,725109.6%
2007$47,659,281$46,251,226103.0%
2008$49,511,618$48,117,011102.9%
2009$50,467,618$49,845,177101.2%
2010$50,048,866$51,139,50597.9%
2011$49,444,807$53,923,35591.7%
2012$49,444,807$53,923,35591.7%
2013$41,191,914$49,165,76583.8%
2014$46,111,093$57,418,50980.3%
2015$47,973,499$58,010,53082.7%
2015$47,973,499$58,010,53082.7%
2016$43,884,100$60,936,43472.0%