Laserfiche WebLink
NON-COIITIIIBBTOBY PENSIONS - BEPABTMENT #162 <br /> <br />City Hall - Room 103 <br />455 Main Street <br />Worcester, Massachusetts 01608 <br />(508) 799-1062 <br /> <br />Departmental Overview: <br />The City provides retirement benefits to those employees who are Veterans, who <br />were employed by the City prior to 1939, and have a minimum of thirty years <br />service under the retirement system. These employees, at their own request, and <br />with the approval of the retiring authority, shall be retired at seventy-two percent of <br />their highest annual rate of compensation. Disability benefits are also available to <br />those employees with veteran status, pre 1939 service and a minimum of 10 years <br />of service in the retirement system. <br /> <br />BUDGET SUMMARY INFORMATION <br /> <br /> EXPENDITURES <br />Non-Contributory Pensions <br />Total Fringe Benefits <br /> <br /> FUNDING SOURCES <br />Enterprise - Water <br />Enterprise - Sewer <br />Credit for Indirect <br />General Fund Revenue <br />Total Funding Source <br /> <br />$484,353.14 <br /> <br />$315,048.00 <br /> <br />$484,353.14 $315,048.00 <br /> <br />$ 9,474.00 <br /> 38,961.00 <br /> 30,977.00 <br /> 404,941.14 <br /> <br />$484,353.14 <br /> <br />$ 8,104.00 <br /> 38,964.00 <br /> 13,838.00 <br /> 254,142.00 <br /> <br />$315,048.00 <br /> <br />96000 <br /> <br />$308,506.00 <br /> <br />$308,506.00 <br /> <br />$ 4,336.00 <br /> 39,812.00 <br /> 18,007.00 <br /> 246,351.00 <br /> <br />$308,506.00 <br /> <br />CITY OF WORCESTER FISCAL 2005 ANNUAL BUDGET <br /> <br />Page 1 <br /> <br /> <br />