REPORT DIGEST GENERAL ASSEMBLY RETIREMENT SYSTEM COMPLIANCE AUDIT Summary of Findings:
Release Date: WILLIAM G. HOLLAND Iles Park Plaza To obtain a copy of the Report contact: This Report Digest is also available on |
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GENERAL ASSEMBLY RETIREMENT SYSTEM
INFORMATION FROM FINANCIAL AND COMPLIANCE AUDITS
TWO YEARS ENDED JUNE 30, 1998
FINANCIAL OPERATIONS | FY 1998 |
FY 1997 |
REVENUES Contributions:
Net investment income EXPENSES
Refunds |
2,008,628 83,392 |
2,018,566 206,666 |
SELECTED ACCOUNT BALANCES | JUNE 30, 1998 |
JUNE 30, 1997 |
Cash Receivables Investments, at fair value Property and equipment, net of accumulated depreciation Liabilities Net Assets Held in Trust for Benefits Actuarial Accrued Liability Unfunded Liability |
$1,643,053 |
$2,113,679 |
SUPPLEMENTARY INFORMATION | FY 1998 |
FY 1997 |
Number of System employees (shared with Judges' Retirement System) Number of retirees and beneficiaries currently receiving benefits Inactive members not yet receiving benefits Current Members:
Total Return on Investments |
346 18.1% |
355 18.8% |
EXECUTIVE SECRETARY |
During Audit Period: Michael L. Mory Currently: Michael L. Mory |