Plymouth County Retirement Board 2003

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Plymouth County Retirement Board 2003 Powered By Docstoc
					Plymouth       11 South Russell Street, Plymouth, MA 02360
               Phone 508-830-9120 Fax 508-830-9135         Board Meeting Fourth Tuesday of each month
County         Board Members John F. McLellan (Chairperson), James E. Harrington, Carole T. McCormack, Joseph F. McDonough,
               John F. Sciara   Administrator Beth Dorman

  Investment   RETURN                       Investment Return                            Asset Growth (Market Value)
               2003         28.51%
               1999-2003     6.05%
               1985-2003    11.39%
               Target       11.40%

               2003
               Market
               Value        $469.7M



  Actuarial    Funded Ratio                 63.6%                                        Funded Ratio
               Date of Last Valuation       1/02
               Actuary                      PricewaterhouseCoopers
               Assumed Rate of Return       8.50%

               Funding Schedule             Increasing 4.5%
               Year Fully Funded            2028

               Active Members               6,939
               Retired Members              2,734

  Disability   RETIREMENT STATISTICS (as of 12/31/03)
               Disability Panel Requests 15    Disability Retirement Approvals 17           Accidental Death Approvals 4
               RTS Reviews               37    RTS Exams                       3            Restored to Service        0