Rate of Indexing

Up to CPI, provided funding is available in the Inflation Adjustment Account (IAA)

Service before Jan. 1/93 - 60% of Alta. CPI; Service after Dec. 31/92 - 70% of Alta CPI

80% of CPI

Automatic Lesser of 3% and 80% of change in CPI Ad Hoc At discretion of Federation, provided total of automatic and ad hoc does not exceed 80% of change in CPI

Based on CPI but limited to amount separate adjustment account can pay. Legislation introduced to provide a cap of 2/3 of CPI but to provide the â€œbest ofâ€ total plan returns (for a period of 10 years) or fixed income investments.

For service prior to Jan. 1, 2010, CPI to 8% with carry forward of excess. Conditional Inflation Protection For service after Jan. 1, 2010, 50% to 100% of CPI to 8% with carry forward. The rate of indexation will be determined at each valuation based on funded status and will be permanent. If the rate has been reduced, retirees may have forgone indexation restored, subject to funded status and future valuations. Beginning with the earliest affected members, base pensions will be returned to the amount they would have been paid had conditional indexation never been applied. There is no retroactivity.

Current Benefits CPI before July 1/82 CPI less 3% July/82 to Jan. 1/00. Better of CPI-3% or 50% of CPI as of Jan. 1/00 Deferred Benefits Full CPI during period of deferment

CPI to 4.75%

CPI less 1% before Aug. 1/06. After July 31/06, tied to Planâ€™s funded status; below 90%= 0 indexing; 90%-99%= 50% of CPI; 100%+ =full CPI

60% of CPI, to a maximum increase of 4%

60% of CPI to maximum 1.2% (limited to extent separate fund can pay)

CPI

Indexing Funding Provision

Separate fund made up of EE contributions of 2%, ER contributions of 1.13% minus the cost of health benefits, and excess interest earnings

No separate fund

Half COLA cost funded by separate adjustment fund (to which 16.6% (Sept. 1/05) of gross teacher contributions directed). Province funds the other half from current revenues

Funding integrated with main plan

No separate fund

1.7% of salary and allowances placed in separate indexing account (IA)

No separate fund Accounts amalgamated in 1992

Notes (Indexing)

When the Basic Account is fully funded the ER will increase contribution to IAA to 2.13% less the cost of health benefits.

Survivor receives 2/3 of adjustment which member would have received

Refund (Non Vested Member or Before Lock-In)

Contributions + interest (since 1984, interest rate is greater of 6% or average non-chequing savings rate of 3 major banks)

Contributions + interest at average of 5-year personal fixed term chartered bank deposits.

Contributions + interest

Contributions + interest paid from Jan. 1/84

Contributions + interest

Contributions + 4% compounded semi-annually

Contribution & interest to 1984 Then as set by Plan's Administrator

Contributions + 4%

Contributions + standard bank rate

Contributions + interest earned

Contributions + 4% to 1996. Then at fund rate of interest

Qualifying Service for Vesting

2 years

5 years

No vesting

1 year

2 years

10 years for pre 1987/2 years for post 1986

2 years

5 years

2 years

5 years

2 years

Qualifying Service for Locked-In

2 years

5 years

10 consecutive years after Jan.1/69

Age + service = 45 to Dec. 31, 1993, 2 years after Jan. 1, 1994

2 years

10 years + age 45 for pre 1987, 2 years for post 1986

2 years

Age 45 and 10 years (pre 1997) and 5 years with no age restrictions (post 1996)

2 years

Vested Member Basic Entitlement

Deferred indexed pension

Deferred pension (not indexed)

Deferred indexed pension

Deferred indexed pension OR transfer into locked in Retirement Account of higher of contributions plus interest or actuarial value of indexed deferred pension.

Deferred indexed pension

Deferred pension (not indexed)

Deferred indexed pension

Deferred pension (indexed as for pensioners)

Deferred indexed pension

Vested Member Right to Transfer Commuted Value

Yes, to locked-in RRSP/LIRA

Yes, post Sept. 1/92 to LIRA

If more than 1 year of service, greater of contributions + interest or commuted value until eligible to receive allowance

Yes to LIRA, prior to eligibility to receive allowance

No

Yes

No

Yes

No

Yes, upon contract termination, to locked in RRSP. 2 times contributions on post-1986 service; teacher contributions only on pre-1987 service.

Yes, for members < age 50 with 2 years service upon contract termination

Vested member 50% Test on Contributions

N/A

No

Yes

Yes, on post 1984 contributions

Yes

No

N/A

No

Reinstatement if Refund Taken

For refunds prior to 1996 deadline to purchase was March 31/07. Now available only for teachers who return to active participation in the plan and only until June 30/09

Refund + interest (2% above rates credited to superannuation fund)

Refund + interest earned by fund

Refund + interest earned by fund + actuarial deficiency created by return

Refund + debenture rate during years of withdrawal

A member who asks to have contributions reimbursed may have service reinstated if money + interest are returned to CARRA

Refund + interest earned by fund

Refund + rate of interest set by Plan's Administrator

Actuarial cost

Yes, at half actuarial cost

Not Allowed

Option to elect for refunded service. Payments based on current salary rates

Reinstatement if Transfer Value Taken

Not allowed

Actuarial deficiency created by return

Not allowed

N/A

Greater of refund + interest and actuarial cost of post 1987 experience

Not allowed

N/A

Amount transferred plus interest

N/A

Option to elect. Cost based on amount transferred plus interest

Notes (Termination)

Qualifying Service-Military Service

No

Yes

Yes (very restricted)

Yes, WWI, II, Korean War only

Yes, for pre-1999 service only

Yes, with restrictions

No

Yes

Qualifying Service-Private School Service

No

Yes

7 years

No

Yes, if school is on DO/DPS list (below)

Yes

No

May elect to buy back

Qualifying Service-Leave of Absence

Yes

50% paid

No

Yes

Yes, up to 5 years. Must purchase first 3 months at time of return.

Qualifying Service-Unpaid Study Leave

Yes

1 yeaar if purchased

1 year if purchased

Yes

Qualifying Service-Unpaid Sick Leave

Yes

No

Yes

Yes (if on leave of absence)

Yes

Qualifying Service-Time on LTD

Yes

Time on ICP after July 1/93 counted as service

Yes

Yes (if on leave of absence)

Yes (2 years under unpaid sick leave)

Yes

No

Yes, if on leave w/o pay, and if purchased

Yes, if still employed

Qualifying Service-Maternity/Paternity Leave

Yes, 17 weeks maternity/35 weeks parental

Yes

Time while in receipt of SUB plan benefits up to CCRA max. after Feb. 98

Time while in receipt of SUB plan benefits up to CCRA max.

Time while in receipt of SUB plan benefits and up to CCRA max.

Yes

Yes, maximum of one year per leave

Yes

Qualifying Service-Public Office

Yes

No

Qualifying service

No

Yes

Yes, MLA only

Yes, if on leave on absence

No

Yes

Yes, if on leave

Qualifying Service-Part-time Service (Full-time eligibility)

Yes

No

Yes

10 days minimum requirement

Yes

Limited to 5 years before retirement

Yes

No

Yes, except for service prior to 1981

Qualifying Service-Child Rearing

5 years, eligibility service only

Yes

Up to CCRA max.

Parenting Absence up to CCRA max.

No

Parenting absence can be purchased

No

Up to 175 days per child

Can be purchased if on approved leave without pay

Yes, if on approved leave w/o pay

Yes, if still employed

Notes (Qualifying Service)

For all approved leaves: teacher must elect to purchase within 5 years of returning from the leave or returning to active participation in the plan. For leaves that ended before April 1/02, the deadline to purchase for current active members was March 31/07.

Any leave of absence purchased at full actuarial value. For those private schools that are members of the Private School Pension Plan, also operated by the ATRF Board. Automatic accrual of service after 1992 at no cost to teacher. Salary base is escalated to retirement.

Military service varies from one to two times contribution rate. Study leave is twice contribution rate. Adoption leave treated in same manner as maternity leave.

Service purchased at rate of member contribution while on leave. Contributions with interest if purchase is made after the leave. All contributions matched by government. Service is Designated Organizations of Designated Private Schools may be purchased in which case the employer matches.

A teacher can benefit from three years of recognized service and waiver of premiums. These three years are then given full recognition for service and eligibility. If the school board maintains the employment status of the LTD teacher, he or she can be on a leave of absence without pay, with the right to redeem these periods, maximum 5 years post 1991.

Any service in a calendar year (including L. of A. without pay) = 1 yr of eligibility (subject to limitations).

Study leave, sick leave, LTD, maternity leave; 50% of actuarial cost. Child rearing and private school service; 100% of actuarial cost. Military service; member contribution at service date. All service must be purchased to be included.

All approved leaves w/o pay may be purchased at current contribution rates based on the salary the teacher was earning immediately prior to the commencement of the leave. Teacher must elect to purchase within 180 days of returning from the leave. All contributions matched by government. Military service includes only war service in active conflict

Medical leave is purchased at single contribution rate as is first 3 months of maternity and parental leave.

Teacher Contribution Rate

7.16% up to YMPE, 8.66% above YMPE to Basic account+ 2% total salary to Inflation Adjustment Account (IAA)

7.21% below, 11.63% above YMPE

6.05% to YMPE, 7.85% above

7.0% to YMPE, 9.0% above

6.8% to YMPE, 8.4% above

January 1, 2009 10.4% to YMPE, 12% above

7.06% (35% of YMPE)

7.3% to YMPE, 9% above

8.3% to YMPE, 9.9% above

7.3% to YMPE, 9% above

9.35%

5%

4.6% to YMPE, 8.1% above

Government Contribution Rate

11.11% to YMPE, 12.66% above YMPE to Basic + 1.13% total salary to IAA

Matching + additional amount toward unfunded liability, total is 17.87% of total salary

Matching

7.85% to YBE, 6.05% YBE to YMPE 7.85% above YMPE

Variable (50% of pensions +)

Matching

Only employee contributions funded

Matching + Government contributes an amortized additional amount toward unfunded liability

Matching

Matching + additional amount towards unfunded liability

Matching

Matching (Federal Government)

Basic Funds Maintained

Yes

Supplementary Funds Maintained

Yes

No

Yes

No

Government Guarantees

Higher contribution rates until the Basic Account is fully funded and has a surplus

Benefits earned prior to Sept. 1/92 guaranteed by government

All benefits guaranteed by government

Not applicable

Guarantees to pay ½ of benefits + other agreed to amounts

Includes surcharge above base rate of 8.3%/9.9%

Limited to 50% of cost

Benefits guaranteed

No, but government payments made if plan falls below 90% funded.

Guaranteed by consolidated revenue fund

Benefits guaranteed by consolidated revenue fund

Not applicable (money purchase)

Implied guarantee for service to 2001 (gov't makes up deficits)

Offset Factor

0.70%

0.60%

0.70%

0.60%

0.45%

0.70%

0.60%

0.70%

Age Applied

65

Retirement

65

Retirement

65

Notes (Finance)

Offset applied at age 65 irrespective of whether teacher opts for early CPP benefits. When a surplus in the Basic Account the offset will reduce to 0.6% as can be afforded.

Teacher Pension benefit reduced by offset at retirement. CPP benefit is in addition to teacher's pension, when eligible

Offset applied at age 65 irrespective of early election of CPP. Under old plan, a teacher in receipt of a disability benefit and CPP disability benefits will have offset applied at commencement of CPPdisability benefits

Offset applied at age 65 irrespective of early election of CPP. Under old plan, a teacher in receipt of a disability benefit and CPP disability benefits will have offset applied at commencement of CPP disability benefits.

Government committment to fund new entrants as of April 2000. Teacher Pension benefit reduced by offset at retirement. CPP benefit is in addition to teacher's pension, when eligible.

Offset applied at 65 or when member in receipt of CPP disability benefit. Normal, early election of CPP has no impact on commencement of offset.

Offset applied at age 65 irrespective of whether teacher opts for early QPP benefits. If a teacher stops working prior to age 55 and opts for a deferred pension, actuarially reduced prior to age 65, there is immediate integration with QPP.

Offset applied at age 65 irrespective of whether teacher opts for early CPP benefits.

Territorial governments pay the difference up to 2.14 X employee contributions. Offset applied at age 65 or earlier if/when member becomes entitled to CPP/QPP disability benefits irrespective of whether teacher opts for early CPP benefits (offset not applied to survivorâ€™s benefits).

Fiscal Year Ending

31-Dec-07

31-Aug-07

30-Jun-06

31-Dec-06

31-Dec-08

31-Dec-05

1-Mar-07

29-Feb-08

30-Jun-07

31-Dec-06

Total Net Assets (millions of dollars)

Basic: 13,434; IAA:3,047

4,308

100.00%

2,449

87.448

38,921.84

3,981

3,921.83

534.6

3,065.40

Funded Ratio (%)

Basic: 89%

82.8% (Sept. 1/07)

33%

100%

50%

90%

95.60%

91%

86.40%

89%

Asset Mix and Other Related Information

Fixed Income: short-term 2%; mortgages 5%; bonds 18%; index-linked bonds 5%. Equities: Canadian bonds 17%; U.S. bonds 17%; non-North American 18%; Real estate 12%; Private placements 6%

New asset mix to be implemented over 06-07 year. Canadian Equities 21.5%; Global Equities 21.5%; U.S. Equities 12.9%; International Equities 12.9%; Private Equities 4.3%; Canadian bonds 11.2%; Securities 1.7%; Loan to Pre Period 14%

Bonds and Debentures 37.08%; short term .67%; equities 47.98%; pooled funds 4.31%; mortgages .07%; real estate 9.25%; private equity .64%

CDN, Common 31.7%; foreign, U.S. 12.5%; foreign, Non-North American 13.2%; bonds 30.7%; real estate 7.7%; mortgage .0%; cash/equivalents 4.0%

Bonds 24.3%; mortgage 6.6%; cash and short-term 4.8%; Canadian Equity 25.1%; Non-North American Equity 9.9%; Real Estate 11.9%; Private Equity 5.6%; U.S. Equity 10.0%; High Yield Debt 1.9%.

49% Equities; 34% Inflation Sensitive (Real Estate, etc.); 17% Fixed Income (Bonds, etc)

Asset Mix: short term 3%; mortgages 6%; bonds 31%; Canadian equities 15.34%; U.S. equities 5.33%; foreign equities 7.33%; Quebec world fund 6%; participations and infrastructure 5%; private placements 6%; real estate 6%; hedge funds 3%; base products 3%

Canadian equities 19.7%; International equities 21%; Nominal bonds 30.47%; Inflation linked 18.7%; Alternative Investment 7.2%; Short-term 3%

60% equities; 31% Bond; 7% Real Est.; 2% Cash

79% equities; 19% Bonds; 2% Real Estate

Notes (Investment Information)

From audited financial statements as of Dec. 31/07. A contribution increase on July 1, 2007 of 3.22% (1.61%, employee and 1.61%, employer) will amortize the unfunded liability over 15 years.

Due to pre 1992 UFL, the post 1992 fund is lending funds necessary to pay pensions and charging interest at the funds nominal rate of return (7.25%). This acts as a fixed income vehicle.

On March 22, 2007, the province of Manitoba announced an intention to inject 1.5 billion into trust account which currently holds government matching contributions for new entrants completed in Oct. 07. Assets available for Benefits plus Province of Manitoba Trust Account equals 1,887 million for total net assets of $4702 M. The fund value listed represents the employeeâ€™s contribution only. Government guarantees to pay ½ of the benefits, but does not place contributions into the fund.

OTPPB has identified Inflation-sensitive investments as part of their asset mix â€“ the value is established at $8.370B.

The RREGOP is estimated to have 465,000 contributors of whom 60,649 are full-time elementary-secondary educators. The fund value listed here represents the employeesâ€™ contribution only. Government is establishing its own fund which currently stands at $10B. Therefore, it is impossible to indicate a funded ratio at this juncture. Efforts are ongoing that will helpfully lead to a joint fund containing employee and government contributions dedicated solely to pension benefits.

Inter-Provincial 'Range of Assumptions'

Yes

No

Reciprocal Agreement-Federal Public Service

Yes

No

Yes

No

N/A

Reinstatement for Transfer Purposes

No

Yes

No

Notes (Reciprocal Agreements)

B.C. has agreements with AB pre 1995 for service transfer at retirement. Amount transferred is annuitized; no pensionable service is recognized, but eligibility service is pro-rated. All eligibility service is pro-rated to pensionable service in the Interprovincial RTA. The Teachersâ€™ Pension Plan is also a member of the BC Public Sector Transfer Agreement and the National Public Service Pension Transfer Agreement.

Refunds only. CV transfers not reinstateable.

Bilateral agreement with B.C.

Pension transfer agreements in place for B.C., Quebec and Manitoba Teachers Plans.

Administrative Structure

The Teachers' Pension Plan is a joint trusteeship between the Plan Member Partner (BCTF) and the Plan Employer Partner (Government). The administrator of the TPP is the Teachers' Pension Board of Trustees. BC Pension Corporation is the administrative agent and does the record keeping, contribution collections and benefit payment. The Management Board of the BC Pension Corporation is appointed by the four public service pension plans (none appointed by government). Investments are managed by BC

Alberta Teachers' Retirement Fund Board (ATRFB) - appointed by order in council. Investment Committee - Standing Committee of ATRFB

Teachers' Superannuation Plan (old) Teachers' Superannuation Commission, overseen by Ministry of Education (makes policy respecting operation & investment)

Saskatchewan Teachers' Retirement Plan (new) Under complete control of STF. Board of Directors acts as administrator in coordination with the Federation Council.

Teachers' Retirement Allowances Fund (TRAF) Board. Acts as Trustee of the Fund, administers day-to-day operation. TRAF Investment Committee looks after fund investment issues.

Ontario Teachers' Pension Plan (OTPP) Board is responsible for all investments, administration, and the setting of valuation assumptions. The Partnersâ€™ Committee representing the OTF and the Government of Ontario is responsible for plan design and the setting of contribution rates.

Commission administrative des régimes de retraite et assurances (CARRA): Administration and day-to-day operation. Caisse de dépôts et placements: investment body

New Brunswick Investment Management Corporation (NBIMC). Trustee of three pension fund portfolios; public service, teachers and judges.

NSTU is a joint and equal partner in respect to overall governance and administration of the Plan. Board of Directors named Teachersâ€™ Pension Plan Trustees Inc. responsible to oversee the administration of the Plan and investment of the pension assets. The Teachersâ€™ Pension Board is responsible for the governance of the Plan.

PEI Teachersâ€™ Superannuation Fund is held in trust by the Provincial Treasurer. Investment policy approved by Order-in-Council. Fund is part of master trust with Civil Service, Nurses, Operating Engineers, CUPE and Health Sector. Master Trust Investment Committee is administering body.

Pensions are administered by the provinceâ€™s Department of Finance. Pensions Administration Committee; day-to-day operations. Pooled Pension Fund Committee; Teacher plan is one component. Committee oversees investment of all public sector plans.

Teachers covered by the Federal Public Service Superannuation Plan. Have no role in administration. Ministry of Supply and Services appoints or assigns federal employees to administration roles.

Administrative Members

Teachers' Pension Board of Trustees: - 5 trustees appointed by BCTF - 5 trustees appointed by the Government - Chair, if not selected from the appointed trustees, is non-voting. BC IMC Board - 1 of 7 appointed by TPB BC Pension Corporation Management Board: - 2 of 8 appointed by TPB

ATRFB - 3 teacher representatives nominated by ATA - 3 government representatives nominated by Minister of Learning Investment Committee - 3 members of the Board - 3 external appointed by Board

TSP - 3 members nominated by STF - 3 members nominated by Government - 1 chair determined by mutual consent between STF & Government - All are appointed by order in-council

STRP Board of Directors - 4 active teachers - 2 STF Staff Members - An appointed chairperson - Investment managers, etc., engaged as required

TRAF Board (appointed by Order-in-Council) - 3 recommended by MTS - 3 representatives chosen by government - 1 chair appointed by government TRAF Investment Committee - Chair of the TRAF Board - Deputy Minister of Finance - Teacher member of the TRAF Board

OTPP Board A nine member Board: -4 appointed by OTF -4 appointed by Government -1 jointly appointed, neutral chair Partners' Committee A six member committee: -3 appointed by OTF -3 appointed by Government

Both CARRA and CDP members are all appointed by government. Some consultation with unions occurs.

NBIMC - President of Corporation - Deputy Minister of Finance (non-voting) - V.P. of Finance of N.B. Power Corporation - 6 other members appointed by order-in-council - 1 dean of a faculty of business admin. - 1 member of public service pension plan - 1 member of teachers' pension plan - 3 persons with relevant expertise, knowledge and experience who are not members of the pension plans administered by the Corporation.

Investments After April 1/06, all investments come under the direction of the Pension Board of Directors. Currently, investment is done by a Special Operating Agency called the NS Pension Agency. Teachersâ€™ Pension Plan Trustee Inc. - 4 appointed by NSTU - 4 appointed by Minister of Finance - 1 jointly appointed, neutral Chair Teachersâ€™ Pension Board - 4 appointed by NSTU - 4 appointed by Minister of Finance

Master Trust Investment Committee - 1 representative of PEITF - 1 representative of Union of Public Sector Employees - 1 representative of Nursesâ€™ Union - 1 representative of Union of Operating Engineers - 1 representative of CUPE - 1 representative of Health Sector

Pensions Admin. -2 representatives of NLTA -2 representatives of Government Pooled Pension Fund Committee Composed of government representatives (senior bureaucrats) representatives from the public service unions and public servantsâ€™ retiree groups. Each group appoints its members.

Yellowknife teachers have money purchase plan administered by a committee composed of one employer representative and one representative of the Mutual Fund.

Substitute Teacher Membership

Compulsory

Voluntary

Compulsory

Voluntary

Compulsory

Not permitted

Compulsory

Not permitted

Compulsory

GNWT Unit: Compulsory for all full-time and part-time in excess of 12 hours per week

GNWT Unit: Compulsory for all full-time and part-time in excess of 12 hours per week YK#1 Unit:Voluntary defined contribution for full time teachers only

Not Permitted

Notes (Substitute Teachers)

As of July 1, 2005, mandatory participation for all teachers, including part-time, teachers on call, night school, summer school and adult education teachers. The term â€œteachersâ€ includes associated professionals and certificate professionals and all members of the bargaining unit, whether certified or not.

Substitute teachers may purchase pension service in 1-yr. â€˜blocksâ€™ of 186 days whenever they have accumulated those days. Remainder days (i.e., less than 186) may be purchased at point of retirement.

Credited with contributory & eligibility service on a proportionate basis of days taught to the number of days in the school yr. (both plans).

Compulsory membership if earnings exceed 1/4 of YMPE in 2 successive years. Substitutes have 90-day period after end of calendar year to purchase service at ordinary contribution rate. Otherwise, they can purchase service, but at actuarial cost.

Years of service of supply teachers can be purchased for pension credit as soon as teachers start paying into the pension plan, assuming he/she signs a contract.

If you have less than 2 yrs. experience, & terminate employment before 90 days, you may withdraw contributions.

The exclusion applies only to the day-to-day substitute. Compulsory participation when on salary grid (21 or more consecutive days in same assignment).

Compulsory for periods in excess of 19 consecutive days. Compulsory contributions to Government Money-Purchase Plan for day-to-day substitute teachers (5% contribution matched by employer).

Superannuation not permitted for substitutes.

Average Age of Those Retiring in Previous Calendar Year

58 (does not include deferred members)

56.04

53.2

59.8

58.38

57.7

56.7

56.2

# of Retirees as of June the Previous December 31

19,153

423

481

11,139

111,000

7,301

10,791

100.00%

~20

# of Retirees in the Previous Calendar Year

2027 for a total of 25,859

1,419

n/a

453

515

4,700 in calendar 2008

350

318

43

~20

# of Actives in the Previous Calendar Year

47,446 Ratio of active to retired was 1.8:1 in 2007

37,577

3,124

11,749

14,987

173,000

8,599

13,541

100.00%

~650

Ratio of Female to Male Active Plan Members in the Previous Calendar Year

M-28% (13,483) F-72% (33,963) Also might want to include ratio of active to retired. Ours was 2:1 in 2006

n/a

F 2449, M: 675 (78.4%

Female 70%

0.46:1

Female to male 2.61:1, Women represent 72.3% of Ontarioâ€™s teachers

n/a

25/95

# of Inactives (vested and unvested) in the Previous Calendar Year

11239

10,970

4,965

7,320

6,019

72,000

906

4,935

n/a

# of Retirees in the Public Education Workforce (K-12) in the Previous Calendar Year

Unknown

n/a

350

n/a

Average Salary of Those Retiring in the Previous Calendar Year

$68,000

$52,885

$60,763

$47,411

Approx $65,000

$74,800 in 2007

$58,863

$54,124

~$60,000

Average Present Value of Pensions of Those Retiring in teh Previous Calendar Year

$497,000 Average annual pension of those retiring in 2007: $28,500

n/a

$249,000

n/a

$845,000

Avg. annual pension $27,902

n/a

Notes (General Information)

New pensions granted during 2006. New pensions include regular pension (1,661), LTDâ€™s to pension (108) and deferred pension (80) but not any pension continued to a beneficiary upon the death of a retired member. 22 retirees died during 2006. The total of retirees as of December 31, 2006 was 24,202.

values at June 30, 2006, n/a = not available

June year end

As of Dec. 31, 2007

30-Jun-07