The DOI biennial report shows the value of the Hinckley Community Fpd Firefighter's Pension Fund's liabilities was $145,333 at the end of 2016, while its value of assets was $61,523 a difference of $83,810.
The fund's actuarial funding position has gotten worse over the past five years. In 2016, 42.3 percent of the fund was funded. Five years ago, 0 percent was funded.
Combining the liabilities of all the funds, just 47.9 percent were funded in 2016, according to the report. Unfunded liabilities statewide totaled $185.2 billion in 2016.
Hinckley Community Fpd Firefighter's Pension Fund health over 5 years
| 2012 | 2013 | 2014 | 2015 | 2016 | Change 2012-2016 | |
|---|---|---|---|---|---|---|
| Actuarial value of assets | $2,841 | $15,012 | $31,683 | $46,643 | $61,523 | 2065.5% |
| Actuarial value of liabilities | $0 | $0 | $109,206 | $126,626 | $145,333 | - |
| Actuarial funding position | $2,841 | $15,012 | -$77,523 | -$79,983 | -$83,810 | -3050% |
| Actuarial funding percent | 0% | 0% | 29% | 36.8% | 42.3% | 42.3% |
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