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INDIAN RIVER COUNTY, FLORIDA <br />NOTES TO FINANCIAL STATEMENTS - CONTINUED <br />Year Ended September 30, 1991 <br />9. Defined Benefit Pension Plans - Continued: <br />B. Firefighters Pension Plan - Continued <br />The significant actuarial assumptions used to determine the actuarially deter- <br />mined employer contribution requirement are the same as those used to compute <br />the actuarial present value of credited projected benefits. There were no <br />changes in the current year in actuarial assumptions, actuarial funding method, <br />or benefit provisions. <br />The contributions made to the plan during the fiscal year ended September 30, <br />1991 were based on the actuarial report dated January 1, 1990. Contributions <br />made by employees and employer are in agreement with the actuarially determined <br />contributions. An analysis of contributions made during the current fiscal year <br />is as follows: <br />Contributions made: <br />Employee - <br />7% of compensation $ 28,357 <br />State - <br />Premium Tax Refunds 78,565 <br />Employer - <br />Additional amount necessary to pay the <br />annual normal cost and amortize any <br />unfunded actuarial accrued liability - <br />Total Contributions <br />$106,922 <br />Current Year Covered Payroll (same as <br />total current year payroll) $390,785 <br />Contributions as a Percentage of Current <br />Year Covered Payroll: <br />Employee 7.3% <br />State 20.1% <br />Employer 0% <br />B-48 <br />