Police and Fire Pension Fund Year-End Report Released

The year end actuarial valuation report for the Police and Fire Pension Fund has been released.

A City of Springfield News Release states, in part:

As of June 30, 2009, the plan's market-value funded ratio is 35.5 percent.

"The Plan's funded status is steadily and significantly eroding," the report states, suggesting that the funded status would be improved by increased contributions, improved investment returns, reduction in future benefit liabilities or a combination.

Read the entire report here.

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