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7.1.F. - Page 22
<br /> Miscellaneous
<br /> Fiscal year Annual Percentage of
<br /> ended pension cost APC Net pension
<br /> June 30 (APC) contributed obligations
<br /> 2011 $4,459,770 100% 0
<br /> 2012 4,964,308 100 0
<br /> 2013 5,362,636 100 0
<br /> Four-year Trend of
<br /> Funded Status of the Plan
<br /> Public Safety
<br /> Entry age
<br /> normal Unfunded/
<br /> Valuation Actuarial accrued (overfunded) Annual UAAL as a
<br /> Date value of liability liability Funded covered percentage
<br /> (June 30) assets (UAAL) ratio payroll of payroll
<br /> 2009 $169,944,594 $224,860,040 $54,915,446 75.6% $20,350,983 269.8%
<br /> 2010 178,247,592 234,203,845 55,956,253 76.1 19,994,962 279.9
<br /> 2011 188,706,656 249,306,267 60,599,611 75.7 20,072,380 301.9
<br /> 2012 199,093,142 265,379,700 66,286,558 75.0 19,553,357 339.0
<br /> As of June 30, 2012, the market value of the Public Safety Plan's assets was
<br /> $167,275,153 resulting in a funded ratio of 63.0%.
<br /> Miscellaneous
<br /> Entry age
<br /> normal Unfunded/
<br /> Valuation Actuarial accrued (overfunded) Annual UAAL as a
<br /> Date value of liability liability Funded covered percentage
<br /> (June 30) assets (UAAL) ratio payroll of payroll
<br /> 2009 $158,140,679 $196,007,388 $37,866,709 80.7% $30,942,372 122.4%
<br /> 2010 166,816,005 207,055,196 40,239,191 80.6 29,303,730 137.3
<br /> 2011 176,271,009 219,035,437 42,764,428 80.5 28,015,399 152.6
<br /> 2012 181,792,644 227,332,457 45,539,813 80.0 27,247,606 167.1
<br /> As of June 30, 2012, the market value of the Miscellaneous Plan's assets was
<br /> $151,628,115 resulting in a funded ratio of 66.7%.
<br /> Recent Changes by CaIPERS. On March 14, 2012, the CaIPERS Board of
<br /> Administration voted to reduce its discount rate, which rate is attributable to its expected price
<br /> inflation and investment rate of return (net of administrative expenses), from 7.75% to 7.5%. As a
<br /> result of such discount rate decrease, among other things, (i) the amounts of CaIPERS member
<br /> state and schools employer contributions will increase by 1.2 to 1.6% for Miscellaneous plans and
<br /> 2.2 to 2.4% for Safety plans beginning in fiscal year 2012-13 and (ii) the amounts of CaIPERS
<br /> member public agency contributions will increase by 1 to 2% for Miscellaneous plans and 2 to 3%
<br /> for Safety plans beginning in fiscal year 2013-14. More information about the CaIPERS discount
<br /> rate adjustment can be accessed through CaIPERS's web site at
<br /> www.calpers.ca.gov/index.jsp?bc=/about/press/pr-2012/mar/discount-rate.xml. The reference to
<br /> this Internet website is shown for reference and convenience only, the information contained
<br /> A-14
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