The independent auditor hired to assess the financial statements of the San Antonio Fire and Police Pension Fund, San Antonio expressed their opinion that “in all material respects, the fiduciary net position of the Plan as of December 31, 2018, and the changes in its net fiduciary position for the year ended December 31, 2018, [are] in accordance with accounting principles generally accepted in the United States of America.”
Here are some numbers from the BDO auditors’ report:
Number of retirees and beneficiaries currently receiving benefits 2,779
Active employees 4,042
Inactive members due refund of cotributions 20
Total membership 6,841
Net Position $3.015 billion
Total Liabilities $3.756 billion
Net Pension Liability $741 million
