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METRO-PHILA PENSION & BENEFITS
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<blockquote data-quote="my2cents" data-source="post: 59533"><p>I hear you ok2bc on obtaining information from the fund itself. After the Section 204(h)Notice, which the New England Fund sent out last July, I have been unable to obtain the latest full financial report from them, even though the information in it is now over a year old. Unfortunately, I believe they are stalling by playing dumb and hope participants stop asking questions and simply go away.</p><p></p><p>In regards to the Cental States quarterly statements, I haven't spent much time studying them, although I believe the primary emphasis of these reports is mostly on market performance. Unless you see figures relating to "net assets available for benefits" and for liabilities, a figure relating to "termination benefits," you won't be able to calculate a funding ratio from the information given.</p><p></p><p>Sans an actuary report giving a funding ratio, one can calculate this figure from Form 5500. I performed this calculation for the upstate New York fund a few weeks ago. </p><p></p><p>One last item of note. If the Pension Protection Act is passed into law this year, the Philly Fund will clearly be in the red zone.</p></blockquote><p></p>
[QUOTE="my2cents, post: 59533"] I hear you ok2bc on obtaining information from the fund itself. After the Section 204(h)Notice, which the New England Fund sent out last July, I have been unable to obtain the latest full financial report from them, even though the information in it is now over a year old. Unfortunately, I believe they are stalling by playing dumb and hope participants stop asking questions and simply go away. In regards to the Cental States quarterly statements, I haven't spent much time studying them, although I believe the primary emphasis of these reports is mostly on market performance. Unless you see figures relating to "net assets available for benefits" and for liabilities, a figure relating to "termination benefits," you won't be able to calculate a funding ratio from the information given. Sans an actuary report giving a funding ratio, one can calculate this figure from Form 5500. I performed this calculation for the upstate New York fund a few weeks ago. One last item of note. If the Pension Protection Act is passed into law this year, the Philly Fund will clearly be in the red zone. [/QUOTE]
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