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6.1.D. - Page 120 <br />3. OTHER POST EMPLOYMENT BENEFITS (OPEB) <br />Port of Redwood Citv <br />A schedule of funding progress for the past three actuarial valuations is presented below. <br />Actuarial Actuarial <br />Actuarial <br />Valuation Asset <br />Accrued <br />Date * Value <br />Liability <br />2013 $ <br />$ 362,074 $ <br />2014 $ <br />$ 349,824 $ <br />2015 $ <br />$ 373,632 $ <br />* Based on the most recent actuarial valuation available <br />** Annual payroll of active employees covered by the plan <br />93 <br />Unfunded <br />Actuarial <br />Unfunded <br />Liability as <br />Actuarial <br />Percentage of <br />Accrued <br />Funded <br />Covered <br />Covered <br />Liability <br />Ratio <br />Payroll ** <br />Payroll <br />362,074 <br />0.0% $ <br />629,034 <br />57.6% <br />349,824 <br />0.0% $ <br />636,746 <br />54.9% <br />373,632 <br />0.0% $ <br />655,667 <br />57.0% <br />93 <br />