Examples of Funded Percentage in a sentence
Projections of Employer Contributions and Funded Percentage - Combined for All Divisions The following page combines the projections for each division (see chart 17.5 for each division) into a projection for the municipality as a whole.
To determine the Funded Percentage of a pension plan, CalPERS compares the value of the pension plan’s assets (Total Plan Assets) to the present value of the plan’s Benefits payment obligations (Total Plan Liabilities).13 If the present value of the Benefits obligations is larger than the current value of pension assets, then the plan is not fully funded and has an Unfunded Liability equal to the difference.
CalPERS’ system-wide Funded Percentage (that is, value of current assets divided by the present value of future Benefit payments) is only 68 percent.54,55 As discussed below in the section entitled “Unfunded Liabilities and Funded Percentages of the Cities” at p.
For example, at a Discount Rate of 6.2 percent, it has been estimated that CalPERS’ Funded Percentage would drop by almost 10 percentage points, from 68 to 58.3 percent.77 Increasing Pension Contribution Payments.
Financial analyst Rick Roeder notes that a public pension plan with a Funded Percentage in the 80-90 percent range is considered “reasonably well funded.” Roeder, Rick, Roeder Financial, California Pension Systems: Ranking their Funding Assumptions, May 2017, p.