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Experience Apportionments - Board of Pensions
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Experience Apportionments - Board of Pensions
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2018 The Board of Pensions of the Presbyterian Church (U.S.A.). 148.0%. â¡ Funded Status. â¡ CPI Growth. â¡ Apportion
Experience Apportionments Balancing security, equity, and purchasing power
Mechanics 2. Board of Directors grants experience apportionment per policy guidelines.
= = = =
• Less than 110% funded • 110% but less than 120% funded • 120% but less than 125% funded • 125% funded or more
Balance Generational equity (no group of plan members fares better or worse than another)
Purchasing power (protection against inflation, allowing independence and dignity)
no apportionment 1% apportionment 2% apportionment > 2% per actuarial analysis
Value over time Value over time Cumulative 5-year increase for experience apportionments is 18.4% compared to the 7.4% consumer price index.
Funded Status
Plan security (assets equal promised current and future benefits)
160% 140% 120% 100% 80% 60% 40% 20% 0%
148.0%
Rev. 6/18
3.9% apportionment in 2018 131.0%
130.6%
123.9%
124.2%
20% 18.4% 18% 16% 14% 12% 10% 7.4% 8% 6% 4% 2% 0%
2013 2014 2015 2016 2017
n Funded Status
PEN-604
For 2018: More than 125% funded = 3.9% apportionment granted
Cumulated Growth
1. Board manages Pension Plan funding status. 100% (fully funded) means assets equal current and future benefits
n CPI Growth
n Apportionment Growth
© 2018 The Board of Pensions of the Presbyterian Church (U.S.A.)
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