comprehensive annual financial report - City of St. Petersburg

REQUIRED SUPPLEMENTARY INFORMATION
SEPTEMBER 30, 2010
(UNAUDITED)
DEFINED BENEFIT OTHER POST EMPLOYMENT BENEFIT (OPEB) PLAN
Available funding information and contribution amounts are presented in the schedules which follow for
other post employment benefits (OPEB).
OTHER POST EMPLOYMENT BENEFITS
SCHEDULE OF FUNDING PROGRESS
Actuarial
Valuation
Date
Actuarial Value
of Assets
(a)
Actuarial Accrued
Liability (AAL)
(b)
Unfunded
AAL
(b-a)
Funded Ratio
(a/b)
Covered
Payroll
(c)
UFAAL as %
of Covered
Payroll
(b-a)/c
10/01/08 $ 0 $ 166,670,000 $ 166,670,000 0.0% N/A N/A
10/01/06 0 184,687,000 184,687,000 0.0% N/A N/A
Fiscal Year Ended Annual OPEB Cost Percentage
Contributed
Net OPEB Obligation
9/30/10 $ 12,525,000 49.4% $ 25,726,000
9/30/09 14,390,000 35.9% 19,388,000
9/30/08 14,353,000 29.2% 10,169,000
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