Home
Government
Departments A - H
Financial Services
Fiscal Transparency
Pension Information
Supplemental Benefit Plan (SBP)

Supplemental Benefit Plan (SBP)

Actuarial Information as of Jan. 01, 2021

Actuarial accrued liability (AAL)
Actuarial value of assets (AVA)
Unfunded actuarial accrued liability (UAAL)
Funded Ratio (AVA/AAL)
Equivalent Single Amortization Period

Assumed rate of return

Valuation Payroll
UAAL as a percent of covered payroll

$ 96,617,125
74,678,158
21,938,967
77.3%
19 years

6.75%

122,052,077
18.0%

Actuarial and Financial

Actuarial valuation assets vs liabilities

View downloadable data

Actuarial valuations for at the past 5 years:

SBP 2016 Actuary Valuation (PDF)

SBP 2017 Actuary Valuation (PDF)

SBP 2018 Actuary Valuation (PDF)

SBP 2019 Actuary Valuation (PDF)

SBP 2020 Actuary Valuation (PDF)

SBP 2021 Actuary Valuation (PDF)

Annual Reports for the past 5 years.

9/30/2016 City of Irving CAFR pdf (Notes pages 69-73, RSI page 88-89, Financials pages 146-147)

9/30/2017 City of Irving CAFR pdf (Notes pages 69-73, RSI page 90-91, Financials pages 146-147)

9/30/2018 City of Irving CAFR pdf (Notes pages 70-74, RSI page 96-97, Financials pages 152-153)

9/30/2019 City of Irving CAFR pdf (Notes pages 69-73, RSI page 94-95, Financials pages 152-153)

9/30/2020 City of Irving CAFR pdf (Notes pages 67-71, RSI page 92-93, Financials pages 150-151)

9/30/2021 City of Irving CAFR pdf (Notes pages 69-73, RSI page 98-101, Financials pages 162-163)

SBP Annual Financial Report

2016 Irving SBP Annual Financial Report (PDF)

2017 Irving SBP Annual Financial Report (PDF)

2018 Irving SBP Annual Financial Report (PDF)

2019 Irving SBP Annual Financial Report (PDF)

2020 Irving SBP Annual Financial Report (PDF)

Historical Investment Returns

Assumed Return 6.75%

1-Year Return 10.98%
3-Year Return 9.00%
5-Year Return 8.01%
10-Year Return 5.98%

Contributions

Actuarially Determined Contribution (ADC) rate - A target or recommended contribution to a defined benefit pension plan for the reporting period, determined in conformity with Actuarial Standards of Practice based on the most recent measurement available when the contribution for the reporting period was adopted.