Fort Walton Beach Council agenda — 08-22-2007 special agenda — reading text

5 New Entrants 43 Deaths Part-Time Status On W /C Contrib. Refunded ( 30) 10/ 01/ 06 Members 232 96 7 8 39 Including Limited Members INACTIVE MEMBERS 10/ 01/ 06 Annual Benefit Number Amount Retirees and Beneficiaries Currently Receiving Payments 96 1, 505, 280 Disabled Members Currently Receiving Payments 7 85, 380 Vested Terminated Members Entitled to Future Benefits 8 96, 768 Pending Refunds (including Limited Members) 39 Total 150 1, 687,428 Reserve equals $30,215. CO~c~~ts  APPENDIX D- 2 CITY OF FORT WALTON BEACH GENERAL EMPLOYEES' RETIREMENT FUND DISTRIBUTION OF ACTIVE MEMBERS BY ATTAINED AGE AND COMPLETED YEARS OF SERVICE AS OF 10/ 01/ 06 Completed Years of Service Attained Age 0 1 2 3 4 5- 9 10-14 15- 19 20- 24 25- 39 40 & Over Total Under 25 3 2 0 0 0 0 0 0 0 0 0 5 25- 29 2 4 2 2 2 0 0 0 0 0 0 12 30- 34 6 1 3 3 5 2 0 0 0 0 0 20 35- 39 5 1 2 3 4 1 2 0 0 0 0 18 40-44 6 7 2 6 6 5 2 5 0 0 0 39 45-49 5 5 1 6 18 4 1 4 3 0 0 47 50- 54 4 1 1 4 14 10 2 1 2 2 0 41 55- 59 4 1 1 3 6 9 3 1 0 0 0 28 60- 64 0 0 0 1 4 4 3 1 0 0 0 13 65 & Over 2 0 0 1 2 1 1 0 1 0 1 9 Total 37 22 12 29 61 36 14 12 6 2 1 232 Average Age at Entry = 39. 1 Average Age at Valuation = 47.0 Average Years of Service = 7. 9 CO~~=iRts  APPENDIX D- 3 CITY OF FORT WALTON BEACH GENERAL EMPLOYEES' RETIREMENT FUND DISTRIBUTION OF ACTIVE PARTICIPANTS AND EARNINGS BY AGE AND SEX AS OF 10/01/ 06 Males Females Combined 2005- 06 Average 2005-06 Average 2005-06 Average Attained Age Number Earnings Earnings Number Earnings Earnings Number Earnings Earnings Under 25 4$ 72, 625 $ 18, 156 1$ 17,202 $ 17,202 5$ 89,827 $ 17,965 25-29 6 142,913 23, 819 6 178, 260 29, 710 12 321, 173 26, 764 30- 34 16 506,423 31, 651 4 124, 074 31, 019 20 630, 497 31, 525 35-39 13 331, 330 25,487 5 118,987 23,797 18 450,317 25,018 40- 44 26 813, 762 31, 299 13 430, 672 33, 129 39 1, 244,434 31, 909 45-49 33 1, 050,796 31, 842 14 485,599 34, 686 47 1, 536, 395 32,689 50- 54 32 998,492 31, 203 9 389, 749 43,305 41 1, 388,241 33, 860 55-59 20 729,969 36,498 8 239,493 29, 937 28 969,462 34,624 60- 64 7 256, 880 36, 697 6 191, 929 31, 988 13 448,809 34,524 65 & Over 5 153, 542 30, 708 4 173,413 43, 353 9 326,955 36,328 Total 162 $ 5,056,732 $ 31, 214 70 $ 2,349,378 $ 33,563 232 $ 7,406, 110 $ 31, 923 i! i:~'= i;~ ConcttRts  APPENDIX D- 4 CITY OF FORT WALTON BEACH GENERAL EMPLOYEES' RETIREMENT FUND 2006 INACTIVE MEMBERS Retired Members Benefit Joint Commence- Monthly Annuitant's Name 55 Number Sex Birthdate ment Date Benefit Option Birthdate WR ATKINSON xxx- xx-4447 M 08/ 15/ 31 10/ 01/ 93 $ 601. 02 10 C& L 08/ 09/ 32 R N BAILEY xxx-xx- 0607 M 06/ 15/ 34 02/ 01/ 98 1, 912.04 66- 2/ 3% J& S 08/ 31/ 37 R L BALLARD xxx-xx- 6130 M 04/ 15/ 39 05/ 01/ 01 545.55 Life L BALLEW xxx- xx-8583 M 09/ 13/ 33 02/ 01/ 96 1, 463.06 66- 2/ 3% J& S 06/ 12/ 30 D C BARBER SR xxx- xx- 1632 M OS/27/ 30 10/ 01/ 93 398. 85 10 C& L 11/ 16/ 31 J R BARFIELD xxx- xx- 5200 F 11/24/ 27 02/ 01/ 86 628. 62 Life D M BARTON xxx- xx-8903 M 09/ 19/ 50 04/ 01/ 06 425.42 2/ 3% 66- J& S 05/ 30/ 48 Z BELL xxx-xx- 8207 M 03/ 12/ 38 04/ 01/06 1, 460.48 66-2/ 3% J& S 04/ 21/ 41 A J BISHOP xxx-xx- 6133 F 03/29/ 26 02/ 01/ 88 1, 667.26 Life 0 L BRAZZELL xxx- xx-2375 M 05/ 04/ 47 06/ 01/ 99 887.07 Life J BUFFAUNO xxx- xx-2532 M 03/ 09/ 37 11/ 01/ 02 555. 83 Life M CADENHEAD xxx- xx-0565 M 02/ 05/ 49 03/ 01/ 02 1, 147.51 Life C L CALHOUN xxx- xx- 32lO M 05/ 14/ 40 07/ 01/ 98 415.88 20 C& L V M CASSULO xxx- xx-0008 F 04/ 05/ 19 07/ 01/ 89 990.65 Life W CHAMBERS xxx- xx- 2745 M 06/ 19/ 39 01/ 01/ 02 908. 71 Life W G CHAPMAN xxx-xx- 1736 M 03/ 01/ 32 03/ 01/ 96 1, 166.44 100% J& S 07/ 05/ 38 G CMEYLA xxx-xx- 6475 M 04/ 28/ 37 05/ 01/ 04 551. 94 Life 02/ 11/ 42 J E COCHRANE xxx-xx- 8836 M 02/ 03/ 20 09/ 01/ 82 658. 92 Life D E COLLINGSWORTH xxx- xx-0479 M 01/ 05/ 45 05/ 01/ 99 1, 359. 10 66- 2/ 3% J& S 08/ 19/ 53 C COOUNG xxx-xx-2859 F 06/21/ 40 04/ 01/ 03 1, 897. 14 Life C DEESE xxx- xx-4224 M 06/ 16/ 41 02/ 01/ 94 1, 138.31 Life H B ELUOTI xxx- xx- 0011 M 08/ 11/ 35 03/ 31/ 90 2, 768.40 Life C EVANS xxx- xx-4552 M 08/ 22/ 32 08/ 01/ 93 4,427.06 50% J& S 09/ 25/ 38 H A FAIN xxx- xx-2464 M 05/ 01/29 06/ 08/ 90 1, 038. 62 Life D FIORENTINO xxx- xx- 7580 M 03/ 25/ 46 04/ 01/ 06 1, 858. 15 50% J& S 02/ 21/ 44 D J FLESKES xxx-xx- 6192 M OS/ 24/ 31 02/ 01/ 97 1, 404.52 Life L FLESKES xxx-xx-8855 F 02/ 03/ 34 02/ 27/ 93 1, 773.56 Life WL FLORENCE xxx-xx- 7629 M 11/ 07/ 27 07/ 04/ 84 869.85 Life J F FONDREN xxx-xx- 5978 M 11/ 07/ 33 04/ 01/ 96 423.63 10 C& L R L FORT xxx-xx- 4224 M 10/ 01/ 46 06/ 01/ 99 2, 763.33 66- 2/ 3% J& S 11/ 24/ 51 R E FRAZIER xxx-xx- 6256 M 04/ 05/ 38 08/ 29/ 92 1, 432.31 50% J& S 09/ 05/ 39 WH FULLER JR xxx- xx- 7488 M 05/ 11/28 08/ 01/ 87 1, 088.45 5C& L E V FURMAGE xxx-xx- 5702 F 06/ 01/ 33 03/ 17/ 89 1, 504. 10 Life C R GRIMES xxx- xx-5141 M 05/ 31/ 41 09/ 01/ 94 566. 62 100% J& S 05/ 03/ 44 L E GURNEY xxx- xx- 8377 F 02/ 06/ 24 10/ 01/ 83 384.09 Life J B HADFIELD xxx- xx- 5519 M 08/ 28/ 44 06/ 01/ 98 1,318. 80 Life P D HANSON xxx- xx- 1864 M 09/ 15/ 53 lO/ 01/ 05 667.94 15 C& L W HENDRIX xxx-xx- 0567 M 01/ 18/ 49 03/ 01/ 03 1, 758.95 Life G W HENRY xxx-xx- 1316 M 02/ 22/ 20 03/ 01/ 82 958. 86 5C& L B R lllLUS xxx-xx-4224