PENSION PLAN LIABILITY 2011 2012 2013 Actives 878482 Vested & Terminated 474543 Retirees & Beneficiaries 606870 Total 194197195 Average Payroll $67,300$70,200$70,700 Benefits Paid 985,2571,014,8381,086,724 Cash Pension Costs Charged to Operating Expenses 1,678,7501,812,2502,105,000 36 Estimated benefits over next 5 years: 2014 – 1,375,967 2015 – 1,501,149 2016 – 1,544,586 2017 – 1,564,095 2018 – 1,580,950
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