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