Erratum No. 1—January 31, 2019
Volume I, Section 6, a change has been made to the Public Service Death Benefit Account, page 203.
Revised page—Volume I—Section 6—Page 203
(in dollars)
| |
2019 |
2018 |
| Opening balance |
3,714,705,845 |
3,626,907,397 |
| Receipts and other credits |
| Employee contributions |
| Active members |
| Public Service employees |
76,189,811 |
70,796,414 |
| Public Service corporations |
5,959,531 |
5,763,401 |
| Retired employees |
26,950,643 |
26,329,958 |
| Employer contributions |
| Public Service corporations |
1,569,400 |
1,514,931 |
| Death benefit—general |
12,016,107 |
11,899,531 |
| Death benefit—single premium for $10,000 |
3,131,353 |
3,058,443 |
| Interest |
144,845,552 |
149,738,670 |
| Total receipts and other credits |
270,662,397 |
269,101,348 |
| Subtotal |
3,985,368,242 |
3,896,008,745 |
| Payments and other charges |
| Benefit payments |
| General |
143,784,511Link to footnote 1 |
142,436,539 |
| Life coverage for $10,000 |
41,310,237Link to footnote 1 |
38,508,525 |
| Other death benefit payments |
408,770Link to footnote 1 |
357,836 |
| Total payments and other charges |
185,503,518 |
181,302,900 |
| Closing balance |
3,799,864,724 |
3,714,705,845 |
|
Original page—Volume I—Section 6—Page 203
(in dollars)
| |
2019 |
2018 |
| Opening balance |
3,714,705,845 |
3,626,907,397 |
| Receipts and other credits |
| Employee contributions |
| Active members |
| Public Service employees |
76,189,811 |
70,796,414 |
| Public Service corporations |
5,959,531 |
5,763,401 |
| Retired employees |
26,950,643 |
26,329,958 |
| Employer contributions |
| Public Service corporations |
1,569,400 |
1,514,931 |
| Death benefit—general |
12,016,107 |
11,899,531 |
| Death benefit—single premium for $10,000 |
3,131,353 |
3,058,443 |
| Interest |
144,845,552 |
149,738,670 |
| Total receipts and other credits |
270,662,397 |
269,101,348 |
| Subtotal |
3,985,368,242 |
3,896,008,745 |
| Payments and other charges |
| Benefit payments |
| General |
146,637,157 |
142,436,539 |
| Life coverage for $10,000 |
38,508,525 |
38,508,525 |
| Other death benefit payments |
357,836 |
357,836 |
| Total payments and other charges |
185,503,518 |
181,302,900 |
| Closing balance |
3,799,864,724 |
3,714,705,845 |
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