Pension Plan Losses Continue

The Borough Pension Plans for the Employees and the Police continue to experience losses. The plans probably saw their peak on Dec, 31, 2007 and have been sliding in value ever since even with net contributions to the Plans by the State, Employees, Police Officers and Taxpayers:

Value of Pension Plans
as of

Police Pension Plan---Employees Pension Plan

Dec 31, 2007 -$2,636,538.22 -$1,567,663.48

Dec 31, 2009 -$2,388,825.65 --$1,515,682.61

May 3, 2010 -$2,485,156.52 --$1,394,139.00

June 3, 2010-$2,387,496.90--$1,346,518.94

June 7, 2010-$2,311,030.00--$1,306,234.00


I will add future results as and when they become available.