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6.4.A. - Page 20 Attachment 5 <br /> REQUIRED SUPPLEMENTARY INFORMATION <br /> NOTE 3—OTHER POSTEMPLOYMENT BENEFITS$CHEDULE OF FUNDING PROGRE55 <br /> City of Redwood City: <br /> Actuarial <br /> Unfunded <br /> Unfunded Annual (Overfunded) <br /> Valuation Value of Entry Age (Overfunded) Funded Covered Liability as <br /> Date Assets Accrued Liability Liability Ratio Payroll %of Payroll <br /> $ $ $ % $ % <br /> 2008 55,758,000 55,758,000 44,799,251 124.5 <br /> 2009 37,264,000 37,264,000 43,764,165 85.2 <br /> 2011 4,429,000 53,083,000 48,654,000 8.3 44,961,408 108.2 <br /> 48,654,000/519.95 FTEs FY 11-12 = <br /> $93,574.39 per FTE <br /> Port of Redwood City: <br /> Actuarial <br /> Unfunded <br /> Unfunded Annual (Overfunded) <br /> Valuation Value of Entry Age (Overfunded) Funded Covered Liability as <br /> Date Assets AccruedLiability Liability Ratio Payroll %ofPayroll <br /> $ $ $ % $ % <br /> 2010 453,847 453,847 689,620 65.8 <br /> 2011 303,153 303,153 682,637 44.4 <br /> 72 <br />