AgdaPkt 2016-01-11 Closed and Joint SA PFA

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6.1.E. - Page 115 an Contributions Miscellaneous Plan: Fiscal Year 2014-15* Actuarially determined contribution 6,449,302 Contribution in relation to the actuarially determined contributions (6,449,302) Contribution deficiency(excess) Covered-employee payroll 31,781,993 Contributions as a percentage of covered employee payroll 20.29% * Historical information is required only for measurement periods for which GASB 68 is applicable Safety Plan: Fiscal Year 2014-15* Actuarially determined contribution 7,791,669 Contribution in relation to the actuarially determined contributions (7,791,669) Contribution deficiency(excess) Covered-employee payroll 31,637,980 Contributions as a percentage of covered employee payroll 24.63% * Historical information is required only for measurement periods for which GASB 68 is applicable Notes to Schedules The actuarial methods and assumptions used to set the actuarially determined contributions for Fiscal Year 2014-15 were from the June 30,2012 public agency valuations. Actuarial cost method Entry Age Normal Cost Method Amortization method Level percentage of payroll, closed Remaining amortization period 20 years Miscellaneous Plan, 32 years Safety Plan Asset valuation method 15 years smoothed market Inflation 2.75% Salary increase Varies by Entry Age and Service Payroll Growth 3.00% Investment rate of return 7.50%, net of pension plan investment expense, including inflation Retirement age The probabilities of Retirement are based on the 2010 CaIPERS Experience Study for the period from 1997 to 2007. Mortality The probability of mortality are based on the 2010 CaIPERS Experience Study for the period from 1997 to 2007. Pre- retirement and Post-retirement mortality rates include 5 years of projected mortality improvement using Scale AA published by the Society of Actuaries. 86