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Lindenhurst adopts FY2021 Police Pension report; funded ratio rises to 78.39%
Summary
The Board adopted the FY2021 Police Pension required municipal reporting; the fund’s market value was $11,441,914, disbursements totaled $373,508, and the funded ratio increased from 76.38% to 78.39%.
The Village Board on Dec. 13 adopted the FY2021 Police Pension municipal reporting as required. Village Treasurer Carrie Eggleston presented the fund summary: market value $11,441,914, disbursements $373,508, and an increase in the funded ratio from 76.38% to 78.39%, reflecting investment growth and adequate funding.
Trustee Ron Grace moved to adopt the report; the motion passed on a 6–0 roll call. The adoption satisfies the Board’s reporting obligations for the Police Pension Fund.
