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8.A. - Page 40 of 104 <br />The chart below displays the estimated increase in annual required contribution amounts as a result of <br />the 4.7 percent rate of return on CaIPERS investments for FY 2019-20. Higher annual contribution <br />amounts would begin in FY 2022-23 at $0.3 million, increasing to $1.5 million in FY 2026-27. This would <br />result in total annual contributions of $26.3 million over a 20 -year period. <br />$45.0 <br />$40.0 <br />$35.0 <br />$30.0 <br />$25.0 <br />$20.0 <br />$15.0 <br />$10.0 <br />$5.0 <br />$0.0 <br />Annual CalPERS Required Contribution <br />(Misc. & Safety plans modeled in CalPERS Pension Outlook tool) <br />$1.5 <br />$0.3 Million <br />Million <br />2020.21 202117.1 ZO,Z2.23 ILOTS-14 2024.25 2025 26 2026.21 221.'L% 'L,31-6Z9 <br />LO2829 229.30 <br />Current Payment ■ Projected Additional Cost <br />(+4.7% investment return) <br />BUDGET MESSAGE 409 <br />