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6.4.A. - Page 22 Attachment 7 <br /> California Public Employees' Retirement System <br /> Actuarial Office <br /> P.O. Box 942709 <br /> Sacramento, CA 94229-2709 <br /> - ��� TTY: (916)795-3240 <br /> (888)225-7377 phone• (916)795-2744 fax <br /> CaIPERS www.calpers.ca.gov <br /> November 14, 2012 <br /> Mr. Brian Ponty <br /> Finance Director, City of Redwood City <br /> 1017 Middlefield Road <br /> Redwood City, CA 94063 <br /> Re: Split Liabilities for the Redevelopment Agency within the Miscellaneous Plan of the City of Redwood <br /> City <br /> Dear Mr. Ponty: <br /> Per your request, we have split the liabilities for the City of Redwood City Miscellaneous plan. The plan <br /> liabilities were split between the Redevelopment Agency and the City of Redwood City and based on the <br /> list your agency provided to CaIPERS on September 5, 2012. <br /> The nineteen individuals assigned to the Redevelopment Agency are: <br /> Joseph Aranda Peter Ingram Kristen Mees Patricia Webb <br /> Rhonda Coffman Debbi Jones-Thomas Claudia Olalla Lucas Wilder <br /> Jill Ekas Gary Kelly Brian Ponty Jeannie Young <br /> Alison Freeman Kyi Khin Antonia Saldou Daniel Zack <br /> Jordana Freeman Deanna La Croix Steven Solorio <br /> The following table outlines the liability and resulting unfunded liabilities of the split groups. Assets for <br /> each group were determined by their percentage of accrued liability in the total plan. The redevelopment <br /> agency accounted for 1.948% of the total liability. <br /> Redevelopment Agency City of Redwood City Total <br /> 4,266,121 214,769,316 219,035,437 <br /> Accrued Liability <br /> 3,041,689 153,127,756 156,169,445 <br /> Market Value of Assets (MVA) <br /> Unfunded Accrued Liability (MVA) (1,224,432) (61,641,560) (62,865,992) <br /> 3,433,204 172,837,805 176,271,009 <br /> Actuarial Value of Assets (AVA) <br /> Unfunded Accrued Liability (AVA) �832,917) (41,931,511) (42,764,428) <br />