15-10.The municipality of Lossburgh reported the following information about its pension fund in its CAFR, for the year ended June 30, 2015, prior to recent GASB changes:

Calculate the funded ratio, the benefits coverage ratio, and the ratio of investment earnings to benefits for both years. Assume that an 80 percent funded ratio was considered the rule of thumb for adequate funding, that holding 15 times net assets to benefits paid was the standard for benefits coverage and that the ratio of investments to benefits should always be over 1.0.

How did Lossburghs pension fund compare to these benchmarks? What trends do you observe? (Finkler 584)

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15-10.The municipality of Lossburgh reported the following information about its pension fund in its CAFR, for the year ended June 30, 2015, prior to recent GASB changes Net Assets Held in Trust for Pension Beneits Total Benefits and Refunds Total Investment Income Actuarial Value of Assets Actuarial Accrued Liability For the prior year, Lossburgh reported the following $445,802,812 50,376,321 43,063,115 46,032,308 62,248,740 Net Assets Held in Trust for Pension Beneits Total Bonefits and Refunds Total Investment Income Actuarial Value of Assets $429,307,304 39,300,575 20,964,785 43,466,117 63,487,932 Actuarial Accrued Uability Calculate the funded ratio, the benefits coverage ratio, and the ratio of investment earnings to benefits for both years. Assume that an 80 percent funded ratio was considered the rule of thumb for adequate funding, that holding 15 times net assets to benefits paid was the standard for benefits coverage and that the ratio of investments to benefits should always be over 1.0. How did Lossburgh's pension fund compare to these benchmarks? What trends do you observe? 15-10.The municipality of Lossburgh reported the following information about its pension fund in its CAFR, for the year ended June 30, 2015, prior to recent GASB changes Net Assets Held in Trust for Pension Beneits Total Benefits and Refunds Total Investment Income Actuarial Value of Assets Actuarial Accrued Liability For the prior year, Lossburgh reported the following $445,802,812 50,376,321 43,063,115 46,032,308 62,248,740 Net Assets Held in Trust for Pension Beneits Total Bonefits and Refunds Total Investment Income Actuarial Value of Assets $429,307,304 39,300,575 20,964,785 43,466,117 63,487,932 Actuarial Accrued Uability Calculate the funded ratio, the benefits coverage ratio, and the ratio of investment earnings to benefits for both years. Assume that an 80 percent funded ratio was considered the rule of thumb for adequate funding, that holding 15 times net assets to benefits paid was the standard for benefits coverage and that the ratio of investments to benefits should always be over 1.0. How did Lossburgh's pension fund compare to these benchmarks? What trends do you observe