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Actuaries: Englewood pension plan’s funded ratio improved; city’s recommended contribution falls to about 19.8%
Summary
GRS actuaries told the Englewood Employee Pension Plan Board that the plan’s actuarially determined contribution and funded ratio both improved in the 01/01/2025 valuation: membership held steady at 59, the city’s share of payroll-funded contributions falls to 19.8% for FY2026, and the actuarial (smoothed) return was about 7%.
At a meeting of the Englewood Employee Pension Plan Board, actuaries from GRS presented the plan’s 01/01/2025 valuation and reported an improved funding picture and a lower employer contribution for the coming fiscal year.
Alex, an analyst with GRS, said the actuarially determined contribution (ADC) “last year was 26.3, and now it's just under 23%,” and that, because employees contribute a fixed 3% of pay, “the city’s portion” falls from 23.3% to 19.8% (the 01/01/2025 result to be applied in fiscal 2026). The board packet shows the active population remained at 59 members.
Why it matters: the ADC is the actuary’s recommended employer contribution rate to keep the plan on a long‑term funding…
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