Leaving the Pension Board meeting last night, I got chided for my negligent posting habits. So, let's get things going again with some good news: the funding status of the pension is a little better.
As of Jan. 1, 2011, the pension was 70.5 percent funded. According to the actuarial report reviewed last night, its level as of Jan. 1, 2012 was 72 percent.
Hey, I said "a little."
The actuarial accrued liability went up from $79,951,469 to $82,683,836, but the actuarial value of the pension's assets went up a little more, from $56,345,063 to $59,550,537.
Tonight, it's another meeting for me -- this time the Board of Aldermen hearing on the proposed drug treatment center. Look for that in tomorrow's paper.