As a part of calculating the medical benefit liabilities for the LEOFF 1 plan, the State Actuary has produce this table showing the project payments year by year. Remember, these payments are made by the employer, not from the LEOFF 1 pension trust.

I don’t know quite what to make of these figures as they do not really relate to the individual jurisdictions; nor do they address how these jurisdictions organize to meet their individual funding obligations.

The entire focus of the Medical Benefits study was to help the cities and counties develop funding sources. That phase of the study was put on hold while the jurisdictions seek to develop a funding pool or find other sources.

The consensus of the study group was that the LEOFF 1 pension trust was both off limits and unlikely to develop a surplus warranting an attempt to secure funding from that source. 

 

Projected LEOFF 1 Medical Benefits by Year
Year	Total	Year	Total
2006	$81,372,987	2032	$88,687,130
2007	$87,891,967	2033	$83,208,824
2008	$93,761,830	2034	$77,300,154
2009	$98,785,990	2035	$71,005,827
2010	$103,412,558	2036	$64,428,633
2011	$103,743,307	2037	$57,717,727
2012	$104,467,369	2038	$51,010,427
2013	$105,055,446	2039	$44,419,589
2014	$105,430,443	2040	$38,100,274
2015	$105,686,532	2041	$32,175,493
2016	$105,222,803	2042	$26,750,135
2017	$105,117,418	2043	$21,879,910
2018	$105,471,775	2044	$17,597,826
2019	$105,812,980	2045	$13,910,857
2020	$106,671,825	2046	$10,806,062
2021	$107,581,551	2047	$8,245,684
2022	$108,541,431	2048	$6,185,275
2023	$109,147,478	2049	$4,563,692
2024	$109,304,320	2050	$3,315,441
2025	$108,972,913	2051	$2,374,156
2026	$108,046,824	2052	$1,676,979
2027	$106,480,767	2053	$1,168,657
2028	$104,203,693	2054	$804,222
2029	$101,326,420	2055	$547,394
2030	$97,779,326	2056	$367,494
2031	$93,557,111	2057	$242,930

Source: DRS and State Actuary