Budget Meeting Presentation
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Business Entreprise Finance La finance office Bureau presentation présentation Retirement Retraite Reed Roseau Mayor Maire Budget Presentation Présentation budgétaire
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Mayor Reed’s 2012 Community Budget Meeting Presentation San José’s Retirement Systems Funding Overview The Retirement Systems’ Unfunded Liabilities As of June 30, 2010 As of June 30, 2011 Pension 1.435 billion 1.492 billion Retiree Healthcare 1.309 billion 1.397 billion GRAND TOTAL 2.744 billion 2.889 billion Includes both the Federated Police/Fire Plans Source: Cheiron Actuarial Valuation Reports for June 30, 2011 Office of Mayor Chuck Reed Last Updated: 05/07/2012 The City’s Skyrocketing Retirement Costs SOURCES: Retirement System Comprehensive Annual Financial Reports (01-02 through 10-11) City Manager’s Fiscal Reform Plan (May 2011) OMB ABS Report - Salary and Fringe Benefit Costs by Union Code Fund for the 2011-2012 Adopted Budget (Sep..
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