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7.1.G. - Page 109 <br /> REQUIRED SUPPLEMENTARY INFORMATION <br /> NOTE 3 — OTHER POSTEMPLOYMENT BENEFITS SCHEDULE OF FUNDING PROGRESS <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 /> 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 /> 2013 11,001,000 56,177,000 45,176,000 19.6 47,154,637 95.8 <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 Accrued Liability Liability Ratio Payroll % of Payroll <br /> $ $ $ % $ % <br /> 2011 303,153 303,153 682,637 44.4 <br /> 2012 334,371 334,371 631,539 52.9 <br /> 2013 362,074 362,074 629,034 57.6 <br /> 81 <br />