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Finance/Treasurer

Pension System


City of Riverview Employees' Retirement System

Each year, the City contracts with an actuary to perform a valuation of the City of Riverview Retirement System. The purpose of the valuation is to measure the System’s funding progress and to determine an employer contribution for the corresponding fiscal year.

Key financial information from the actuarial valuation reports are as follows:

  Actuarial Valuation Comparative Summary as of
  Jun 30, 2016 Jun 30, 2015 Jun 30, 2014 Jun 30, 2013 Jun 30, 2012
Valuation Assets  $  29,988,683  $  28,724,585  $  27,109,406  $  24,706,545  $  22,716,213
Actuarial Accrued Liability (AAL)  $  35,413,391  $  34,942,111  $  34,602,083  $  33,684,859  $  33,131,939
Funding Ratio 84.7% 82.2% 78.3% 73.3% 68.6%
Unfunded AAL   $    5,424,708  $    6,217,526  $    7,492,677  $    8,978,314  $  10,415,726
Employer Contributions  $    1,092,653  $    1,227,038  $    1,377,176  $    1,477,292  $    1,494,746

 Source: Data obtained from actuarial valuation reports for specified year.

The full actuarial valuation reports can be found below:

Actuarial Valuation Report as of Jun 30, 2016
Actuarial Valuation Report as of Jun 30, 2015
Actuarial Valuation Report as of Jun 30, 2014
Actuarial Valuation Report as of Jun 30, 2013
Actuarial Valuation Report as of Jun 30, 2012

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