Breaking News: Local 805 Withdraws

Local 805 Pension Fund of New York, NY just popped up with a letter on the MPRA website withdrawing their application for benefit suspensions.

From their latest 5500 filing:

Plan Name: Local 805 Pension and Retirement Fund
EIN/PN: 13-1917612/001
Total participants @ 3/31/16: 1,997 including:
Retirees: 971
Separated but entitled to benefits: 596
Still working: 430

Asset Value (Market) @ 4/1/15: $62,149,280
Value of liabilities using RPA rate (3.40%) @ 4/1/15: $223,214,076 including:
Retirees: $140,220,421
Separated but entitled to benefits: $39,562,535
Still working: $43,431,120

Funded ratio: 27.84%
Unfunded Liabilities as of 4/1/15: $161,064,796

Asset Value (Market) as of 3/31/16: $51,672,207
Contributions: $1,582,883
Payouts: $11,704,972
Expenses: $666,828

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