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The unf u,n,died liability (under the $15 level) has gone, from $86115,158 at the lend of 1986 to $721,907 at the end of' 1987 or a decrease of 17.6%,. The Relief Association has estimated the unfunded 1,16abill.lity to be $865,178 at the end of 1987 and to ble $498,910�4 at the end of 1198BI, - di 4.1 The Relief Association has requested that there bc tax dollars contributed "in, the amount of $28,,556 for 1988 and $',22,,715 for 1,989�, review the total actuarial study. Mi be We contact the Legislative Commission on 0 Pensions and Retirement to determine if they have j urisidict 'Ion. ca The City consider having the Association's study reviewed by its, own consulting actuary to asisure the State Law was followed 'in the study. VM r. I 14 it is di,f'f •i cult, to know what may have transp ired in Aucrust of 1 1 M 98611,, However, assuming the Council did not intend to u--se Tax dollars for pensLon increases, it does appear that the unfunded liabili'ty will still be fully funded within the 6 years as #I indicated by the August 19, 1986 memo to the Council, I The Relief' Association is projecting a substantaal decrease in Iva a % Oi .L.La.Dility in 1988 of $223,003. a There appears to, be no legal basis for the City to contribute the I'Minimum payment to preverxt Increase in def icit The Actuary implies tihat the City may be required to contribute full funding a if the Association so requestsi. This would require the taxpayers to contiributle $86,,594 per year unt2Ll the liability is fully- funded. An, analysis of the State Aid payments do indicate that under the is mi0 MI 0 inimum,, funding to prevent an increase in deficiter concept, there will, be, excess coverage by, 1991. Which means that thereafter,, the Association will be receiving more aid than is required to, meet the I'minimum funding to prevent an increase in delificaLt"I requirlements.