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Calculate pension funded ratio The city of Tallahassee maintains pension trust funds for general employees, police officers, and firefighters. Assume a note to Tallahassee's financial

Calculate pension funded ratio

The city of Tallahassee maintains pension trust funds for general employees, police officers, and firefighters. Assume a note to Tallahassee's financial statements shows the following regarding each fund (in thousands of dollars):

General Police Fire
Plan fiduciary net position $1,145,742 $342,855 $217,525
Total pension liability $1,297,873 $403,459 $286,119

Calculate the funded ratio for each of the city of Tallahassee's pension plans. Round all percentages to one decimal.

General %
Police %
Fire %

b) Using the rule of thumb suggested in the text, do any of the pension funds fall below the reasonableness norm? ____________________________________________

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