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Here are the facts from the latest Warwick Actuarial pension and OPEB (Healthcare) Reports

Benefit Plan and Actuarial Accrued Liability

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Police/Fire I Pension $311,707,868

Police II Pension $162,563,786

Fire II Pension$31,782,763

Municipal Pension $122,721,770

OPEB (City and Schools) $283,220,644

Total Actuarial Accrued Liability

$911,996,831

If we add in the outstanding bond liability at about $150,000,000 --- result is over $1,000,000,000 (that's ONE BILLION FOLKS)

If we reduce the pension investment rate of return form the curernt 7.5%, which has not been obtained in over 15 years the liability grows even bigger.

WITH NUMBERS LIKE THIS - IT'S NO WONDER WHY AVEDISIAN DOESN'T WANT TO DISCUSS THESE FACTS NOR THE BEACON TO REPORT THEM HONESTLY.

From: Merolla vows to pursue effort for actuarial reports

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