TOWN OF WESTLAKE, TEXAS TEXAS MUNICIPAL RETIREMENT SYSTEM SCHEDULE OF FUNDING PROGRESS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2012 (unaudited)
Covered Payroll
Unfunded Actuarial Accrued Liability as a Percentage of Covered Payroll
473,246
$ 1,658,452
28.5%
84.8%
333,762
1,534,927
21.7%
84.6%
405,388
1,759,432
23.0%
Actuarial Valuation Date
Actuarial Value of Assets
Actuarial Accrued Liability
Funded Ratio
12/31/2009
$ 1,337,183
$ 1,810,429
73.9%
12/31/2010
1,863,399
2,197,161
12/31/2011
2,226,028
2,631,416
73
Unfunded Actuarial Accrued Liability $