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6.C. - Page 135 of 196 <br />NOTE — POST -EMPLOYMENT BENEFITS, CONTINUM <br />B. Schedule of Contributions Last Ten Fiscal Years, Continued <br />Port of Redwood Citv <br />Fiscal Year Ended June 30 <br />Actuarially Determined Contribution (ADC) <br />Contributions in relation to the ADC <br />Contribution deficiency (excess) <br />Covered -employee payroll <br />Contributions as a percentage of covered -employee payroll <br />Notes to Schedule: <br />Methods and assumptions us ed to determine contributions: <br />2020 2019 2018 <br />$ - $ - $ <br />15,869 9,949 9,426 <br />$ 15,869 $ 9,949 $ 9,426 <br />$ 410,854 $ 501,790 $ 632,232 <br />3.9% 2.0% 1.5% <br />Actuarial Cost Method <br />Entry Age Normal <br />Amortization Method/Period <br />Straightline Amortization <br />Asset Valuation Method <br />Market value <br />Inflation <br />2.75% <br />Payroll Growth <br />3% annual increases <br />Investment Rate of Return <br />3.56% <br />Healthcare cost -trend rates <br />6.00/. to 8.00/. <br />Retirement Age <br />The probabilities of Retirement are based on the 2014 CalPERS Experience <br />Study for the period from 1997 to 2011. <br />Mortality <br />Pre -retirement mortality probability based on 2014 CalPERS 1997-2011 <br />Experience Study covering CalPERS participants. Post-retirement mortality <br />probability based on CalPERS Experience Study 2007-2011 covering <br />participants in CalPERS. <br />Historical information is required only for measurement periods for which GASB 75 is applicable. Future years' information <br />will be displayed up to 10 years as information <br />becomes available. <br />103 222 <br />