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City of Raleigh

Financial Section

Fiduciary Funds

Supplemental Money Purchase Pension Plan Fund

The Supplemental Money Purchase Pension Plan Fund accounts for the City’s contributions to

the City of Raleigh Money Purchase Pension Plan, a Section 401a plan established to provide

supplemental retirement benefits to eligible general government employees. Plan assets are

held by the City through a third party in a fiduciary capacity.

Other Post Employment Benefits Fund

The Other Post Employment Benefits Fund accounts for the City’s contributions and retirees’

contributions to health, life insurance, and Medicare supplement benefits provided to eligible

retirees.