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Pension System Payout Projections
- By Jerry Taylor
- Published 11/23/2009
- Pension Watch
This page shows the estimated future payments from the LEOFF 1 pension system. If you add them up you will see they will amount to $7.9 billion. To meet this obligation, the system needs approximately $4.2 billion based on the investment return assumptions.
As of October 2009 the Law Enforcement Officers' & Fire Fighters' Plan 1 had $4,637,742,864. So, we remain in surplus.
Click here for a month by month review of fund balances.
Notes:
Estimated future payments are based on the 2007 Actuarial Valuation Report using assumptions,
methods, data, and plan provisions disclosed in the report.
Future payments will vary from those estimated above if actual experience differs from the assumptions or
any changes in the plan provisions occur.
Source: DRS & State Actuary
As of October 2009 the Law Enforcement Officers' & Fire Fighters' Plan 1 had $4,637,742,864. So, we remain in surplus.
Click here for a month by month review of fund balances.
|
LEOFF Plan 1 | |
|
Retirement Plan Payments | |
|
Fiscal Year |
Estimated Future Payments |
|
2007-08 |
$313,849,104 |
|
2008-09 |
$327,049,529 |
|
2009-10 |
$338,966,259 |
|
2010-11 |
$349,699,794 |
|
2011-12 |
$359,153,669 |
|
2012-13 |
$367,505,089 |
|
2013-14 |
$374,718,374 |
|
2014-15 |
$381,011,394 |
|
2015-16 |
$386,180,864 |
|
2016-17 |
$390,448,147 |
|
2017-18 |
$393,962,004 |
|
2018-19 |
$396,406,038 |
|
2019-20 |
$398,104,976 |
|
2020-21 |
$398,926,810 |
|
2021-22 |
$398,752,555 |
|
2022-23 |
$397,687,297 |
|
2023-24 |
$395,556,901 |
|
2024-25 |
$392,344,811 |
|
2025-26 |
$387,970,673 |
|
2026-27 |
$382,358,669 |
|
2027-28 |
$375,441,415 |
Notes:
Estimated future payments are based on the 2007 Actuarial Valuation Report using assumptions,
methods, data, and plan provisions disclosed in the report.
Future payments will vary from those estimated above if actual experience differs from the assumptions or
any changes in the plan provisions occur.
Source: DRS & State Actuary
