Harnett County, North Carolina
Law Enforcement Officers' Special Separation Allowance
Required Supplementary Information
Schedule of Funding Progress
				Actuarial Accrued								UAAL
		Acturial		Liability (AAL)		Unfunded						as a %
Actuarial		Value of		Projected Unit		AAL		Funded		Covered		of Covered
Valuation		Assets		Credit		(UAAL)		Ratio		Payroll		Payroll
Date		(a)		(b)		(b-a)		(a/b)		(c)		[(b-a)/c]
12/31/1995		-		$            174,961		$ 174,961		0.00%		$ 1,303,115		13.43%
12/31/1996		-		198,681		198,681		0.00%		1,462,583		13.58%
12/31/1997		-		241,544		241,544		0.00%		1,673,753		14.43%
12/31/1998		-		307,221		307,221		0.00%		1,704,550		18.02%
12/31/1999		-		327,553		327,553		0.00%		1,857,807		17.63%
12/31/2000		-		532,199		532,199		0.00%		1,992,686		26.71%
Notes to the Required Schedules:
The information presented in the required supplementary schedules was determined as a part of the actuarial
valuations at the dates indicated.  Additional information as of the latest actuarial valuation follows:
Valuation date								12/31/2000
Actuarial cost method								Projected unit credit
Amortization method								Level dollar closed
Remaining amortization period								30
Assets valuation method								Market value
Acturial assumptions:
		Investment rate of return*						7.25%
		Projected salary increase**						5.9% - 9.8%
*Includes inflation at 3.75%
**Cost of living adjustments - N/A