Police and Fire Pension Task Force Meeting

Pension Fund Baseline Analysis Presentation to Task Force December 5, 2012 Public Financial Management, Inc. Two Logan Square 18th & Arch Streets, Suite 1600 Philadelphia, PA 19103-2770 (215) 567-6100 www.pfm.com Outline • National Retirement Funding Pressures • Lexington’s Challenge • How Did We Get Here? • Next Steps 2 National Pension Funding Pressures Overview • Lexington-Fayette Urban County Government faces a growing retiree benefit funding and sustainability crisis associated with its