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City of Paris, Texas <br />Notes to Financial Statements <br />September 30, 2012 <br />V. Other Information (Continued) <br />I. Employee Retirement Systems and Plans (Continued) <br />1. Texas Municipal Retirement System (Continued) <br />Contributions (Continued) <br />During the past three fiscal years, the City has contributed 100% of its annual pension cost as <br />follows: 2011 -$923,731, 2010 -$1,195,726, and 2009 -$1,204,639. At September 30, 2010, <br />2011, and 2012, the net pension obligation is zero. Any net pension obligation would be <br />liquidated by the General Fund. <br />Schedule of Fundin��Pro r��ess: <br />Actuarial <br />Valuation <br />December <br />31, <br />2009 <br />2010 <br />2011 <br />Actuarial <br />Value of <br />Assets <br />(1) <br />$ 25,841,641 <br />42,636,949 <br />45,192,490 <br />Actuarial <br />Unfunded Liability <br />Actuarial Actuarial as a <br />Accrued Accrued Percentage <br />Liability Funded Liability Covered of Covered <br />(AAL) Ratio (UAAL) Payroll Payroll <br />(2) (3) (4) (5) (6) <br />�i) � �2) �2) - il) �4) � i5) <br />$ 31,658,754 81.6% $ 5,817,113 $ 10,635,564 54.7% <br />43,396,366 98.3 759,417 11,352,419 6.7 <br />45,459,374 99.4 266,884 11,462,772 2.3 <br />The remainder of this page intentionally left blank. <br />52 <br />