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<br /> /2-QÞD <br /> - <br /> City of San Marcos, Texas <br /> Exhibit 6 <br /> Notes to General Purpose Financial Statements (continued) <br /> September 30, 1992 <br /> 4. Retirement Plan (continued) <br /> Pension Benefit Obligation <br /> Annuitants CUITently receiving benefits $ 636,457 <br /> Terminated employees 574,130 <br /> Current employees: <br /> Accumulated employee contributions, including <br /> allocated invested earnings 2,813,871 <br /> Employer-financed vested 2,550,711 <br /> Employer-financed non vested 792,825 <br /> Total 7,367,994 <br /> Net assets available for benefits, at book value 6,219,220 <br /> Unfunded pension benefit obligation .. $ 1,148,774 <br /> The book value of assets is amortized cost for bonds and original cost for short-term <br /> securities and stocks. The actuarial assumptions used to compute the actuarially <br /> determined City contribution rate are the same as those used to compute the pension <br /> benefit obligation. The numbers above reflect changes in actuarial assumptions since the <br /> previous actuarial valuation, which had the effect of increasing the pension benefit <br /> obligation by $258,894. <br /> Trend information about the plan gives' an indication of the progress made in <br /> accumulating sufficient assets to pay benefits when due. Six-year trend supplementary <br /> information ~quired by the Governmental Accounting Standards Board is given in <br /> Table xvrn of the City's comprehensive annual financial report and is based on <br /> information provided by TMRS. The following required information summarizes the <br /> trend information for the last three fiscal years ended September 30: <br /> -25- <br />