OE News Special Edition July 2013
OE News Special Edition July 2013
OE News Special Edition July 2013
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gOing cOncern valuatiOn Balance sheet<br />
ASSETS<br />
Invested Assets at market value (Appendix I) $1,013,752,735<br />
LIABILITIES<br />
12 <strong>News</strong> <strong>Special</strong> <strong>Edition</strong> Summer <strong>2013</strong><br />
30-Apr-2012 30-Apr-2010<br />
$782,235,346<br />
Value of future benefits accrued to date<br />
(a) pensioners (2012: 4,585 / 2010: 4,429)<br />
- healthy $405,980,500 $342,478,700<br />
- disabled 12,321,200 9,908,900<br />
- survivors 42,783,000 36,590,200<br />
(b) present members (2012: 6,383 / 2010: 5,967)<br />
$461,084,700 $388,977,800<br />
- retirement pensions $404,521,300 $309,681,600<br />
- disability pensions 34,500 399,700<br />
- termination benefits 38,560,300 26,163,700<br />
- death benefits 11,265,800 8,616,500<br />
$454,381,900 $344,861,500<br />
(c) paid-up pensions /transfers to another union (2012: 2,555 / 2010: 2,894) 49,163,400<br />
38,200,400<br />
TOTAL LIABILITIES $964,630,000 $772,039,700<br />
GOING CONCERN EXCESS/(UNFUNDED LIABILITY) $49,122,735 $10,195,646<br />
FUNDED RATIO 105.1% 101.3%
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