The city of Tallahassee maintains pension trust funds for general employees, police officers, and firefighters....
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Accounting
The city of Tallahassee maintains pension trust funds for general employees, police officers, and firefighters. A note to Tallahassees financial statements shows the following regarding each fund (in thousands of dollars):
General Police Fire Plan fiduciary net position $983,771 $279,774 $187,102
Total pension liability $1,009,166 $322,731 $226,836
: Calculate the funded ratio for each of the city of Tallahassees pension plans. Round answers to one decimal place (ex: 0.7645 = 76.5%)
Funded ratio General %
Police Answer %
Fire Answer %
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