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SITY OF ROSEViLLE. MINNESOTA <br />NOtES TO FINANCtAI STATEMENTS (CONTINUED) <br />DECEMBER 39. 1997 <br />Note 10 - Sin9le E'mlover Defined Benefit Vmsiw+ Plan - Vot�nteer fire Relief Association <br />The �nfvdad pension banefit oblipstion as of Jarwery t, 1991, the l�test availe6te informetion, is es follous: <br />Pansion b�fit oblip�tion � <br />Retirees and benefieiaries eurrently reeeivinp <br />�1llNfiti Yfd L6(1�iINtGd tllQlOylH flOt yft <br />reeeivinp benefits f 1,376,849 <br />Cur�ent e�nployees <br />ves4ed 51,775,570 <br />ron-vested 365,311 <br />TOYaI 9.480.887 <br />Total pension benefit obli9atian f 2,797,TS0 <br />Net �ssets evaileble for benefita �t <br />la+er of eoet or �arket 2.542.697 <br />Unf�rded pension benefit obli9ation <br />S 255.033 <br />No ehanges in ectwrial assunptia�s or benefits provisions that yould sipnifieantty affeet the <br />valwtion of the pension benefit obligetion xcurred duri�g 7997. <br />Four Yeer Xistorical Trerd <br />Met assets evsilable tor benefits <br />(Expressed as � percent of pensim <br />benafit obli9etion.) <br />� � UnftsxJed pension berxfit ohlipatian <br />. <Expressed aa � percmt of arrwel <br />�. . eovered peyrol U <br />: � Enployer cmtributiau (Expressed <br />�� u� percmt o1 covered psyroll) <br />1988 1989 <br />T1.2X 78.8X <br />296.4X 197.9X <br />�i.tx e.ix <br />� <br />1990 1991 <br />92.SX 90.9X <br />62.3X 84.4X <br />2.9X 9.9X <br />