Our contract amendment cost analysis to convert our Safety Plan from 2%@50
to 3%@50 states in its definitions:

"A plan with assets in excess of the total present value of benefits is
called super-funded, and neither future employer nor employee contributions
are required." (Barring any plan amendments that might change its funded
position)

The intent of my previous inquiry was to determine if other 'super-funded'
cities pay neither employer nor employee portions. Most implied that they
are paying the employee 7% and/or 9% in perpetuity. Only the employer
portion is now zero. 

So, with that in mind, is anyone who is superfunded not paying any employee
portion? 

Larry Ronnow
Upland

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