Solution-Problem - Calculate Pension Funded Ratio

Problem - Calculate Pension Funded Ratio

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Reference no: EM133100316

Problem - 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	$1,145,742	$342,855	$217,525
Total pension liability	$1,297,873	$403,459	$286,119

Required -

a) Calculate the funded ratio for each of the city of Tallahassee's pension plans.

b) Using the rule of thumb suggested in the text, do any of the pension funds fall below the reasonableness norm?

Reference no: EM133100316

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Problem - Calculate Pension Funded Ratio

Reference no: EM133100316

Reference no: EM133100316

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