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CITY OF PLEASANTON <br />REQUIRED SUPPLEMENTARY INFORMATION <br />FOR THE YEAR ENDED JUNE 30, 2022 <br />Fiscal Year Ended June 30 2015 2016 2017 2018 <br />Actuarial Determined Contribution 6,476,826$ 7,326,646$ 6,884,294$ 7,475,803$ <br />(12,476,826)(7,326,646)(6,884,294)(7,475,803) <br />(6,000,000)$ -$ -$ -$ <br />Covered payroll 25,009,403$ 25,673,931$ 25,556,540$ 27,648,324$ <br />Contributions as a percentage of covered payroll 49.80%28.54%26.94%27.04% <br />Notes to Schedule: <br />Valuation date <br />Methods and assumptions used to determine contribution rates: <br />Actuarial cost method <br />Amortization method <br />Asset valuation method <br />Inflation <br />Salary increases <br />Payroll growth <br />Investment rate of return <br />Retirement age <br />Mortality <br />Notes to Schedule: <br />**Historical information is required only for measurement periods for which GASB 68 is applicable. Fiscal Year 2015 was the first year of implementation, therefore only <br />eight years are shown. <br />2.75% <br />7.00%, net of pension plan investment expenses, including inflation. <br />Benefit Changes: There were no changes to benefit terms that applied to all members of the Public Agency Pool. The figures above do not include any <br />liability impact that may have resulted from Golden Handshakes that occurred after the June 30, 2020 valuation date, unless the liability impact is <br />deemed to be material to the Public Agency Pool. <br />The probabilities of Retirement are based on the 2017 CalPERS Experience Study for the period <br />from 1997 to 2015. <br />The probabilities of mortality are based on the 2017 CalPERS Experience Study for the period <br />from 1997 to 2015. Pre-retirement and Post-retirement mortality rates include 15 years of <br />projected mortality improvement using 90% of scale MP-2016 published by the Society of <br />Actuaries. <br />Schedule of Plan Contributions <br />Last 10 Years** <br />Contribution in relation to the Actuarially Determined Contribution <br />Agent Multiple-Employer Defined Benefit Pension Plan <br />Miscellaneous Plan <br />Varies by Entry Age and Service <br />Market Value <br />2.50% <br />Entry age normal cost method <br />Level dollar amount, a summary of the current policy is provided in the table below: <br />Contribution Deficiency (Excess) <br />June 30, 2019 <br />130