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AgdaPkt 2014-01-27 Closed and Regular
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AgdaPkt 2014-01-27 Closed and Regular
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Last modified
2/6/2014 4:32:38 PM
Creation date
1/23/2014 4:51:07 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Regular
Agency Type
City Council
Date
1/27/2014
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7.1.F. - Page 25 <br /> Three-year Trend of Annual OPEB Cost <br /> Fiscal year Annual Net OPEB <br /> ended OPEB cost Percentage of AOC obligations <br /> June 30 (AOC) contributed (Asset) <br /> 2011 $3,944,000 98% $6,768,477 <br /> 2012 5,018,000 98 6,868,477 <br /> 2013 5,172,000 98 6,962,477 <br /> Three-year Trend of <br /> Funded Status of the Plan <br /> Entry age Unfunded/ <br /> Valuation Actuarial normal (overfunded) Annual UAAL as a <br /> Date Value accrued liability Funded covered percentage <br /> (June 30) of Assets liability (UAAL) ratio payroll of payroll <br /> 2009 0 37,264,000 37,264,000 0.0 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 /> As of June 30, 2013, the market value of the OPEB assets was $11,001,000, resulting in a <br /> funded ratio of 19.6%. <br /> A-17 <br />
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