The town of Belmont has a million with passenger elevator

Posted by beranter on November 24th, 2015

 The town of Belmont has a million unfunded pension liability with a funded ratio of 51 percent meaning the town currently has only about half of the assets on hand to pay for its pension liabilities.Fuji Passenger Elevator ， This funded ratio ranks Belmont as 9th among a cohort of 12 comparable Massachusetts communities as identified by the town’s financial adviser,

the other 11 municipalities are Lexington, Concord, Winchester, Hingham, Wellesley, Brookline, Dover, Newton, Acton, Wayland and Weston.

 On the flip side, Belmont has adopted a plan to address its pension liability that will bring it up to full funding by 2027, ranking it first among the 12 community grouping.

Belmont went from the bottom quartile of these communities in terms of pension funding status to first in terms of when it will achieve full funding by adopting a pension pay down plan. Passenger Elevator。