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McAlester council accepts pension funding and GASB reports as plan reaches roughly full funding
Summary
The city accepted actuarial funding and GASB statements showing the municipal pension plan is near 100% funded; the city was urged to continue contributions to protect against market volatility.
McAlester — The City Council voted unanimously to accept the pension plan funding report and the Governmental Accounting Standards Board (GASB) financial statements covering the plan through June 30, 2025.
Bruce Nordstrom, who identified himself to the council as "Bruce Nordstrom" and described his role as representing the pension plan, told the council "in a nutshell, the news is very good" and that…
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