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CITY OF PLEASANTON <br />REQUIRED SUPPLEMENTARY INFORMATION <br />FOR THE YEAR ENDED JUNE 30, 2022 <br />2018 2019 2020 <br />Actuarially Determined Contribution 4,971,000$ 5,368,000$ 5,480,000$ <br />Contribution in Relation to the Actuarially Determined Contributions (4,800,000) (5,521,000) (5,413,000) <br />Contribution Deficiency (Excess)171,000$ (153,000)$ 67,000$ <br />Covered-employee payroll 39,630,000$ 40,367,000$ 42,264,000$ <br />Contributions as a percentage of covered-employee payroll 12.11%13.68%12.81% <br />Notes to Schedule: <br />Methods and assumptions used to determine contributions: <br />Valuation Date June 30, 2015 June 30, 2017 June 30, 2017 <br />Actuarial Cost Method <br />Entry Age Normal, Level <br />Percentage of Pay <br />Entry Age Normal, Level <br />Percentage of Pay <br />Entry Age Normal, Level <br />Percentage of Pay <br />Amortization Method Level Percentage of pay Level Percentage of pay Level Percentage of pay <br />Amortization Period <br /> 21-year fixed period for <br />2017/18 <br />20-year fixed period for <br />2018/19 <br />19-year fixed period for <br />2019/20 <br />Asset Valuation Method Investment gains and losses <br />spread over 5- year rolling <br />period <br />Investment gains and losses <br />spread over 5- year rolling <br />period <br />Investment gains and losses <br />spread over 5- year rolling <br />period <br />Discount Rate 7.25%6.75%6.75% <br />General Inflation 3.00%2.75%2.75% <br />Medical Trend Non-Medicare - 7.0% for <br />2017/18, decreasing to an <br />ultimate rate of 5.6% in <br />2020/21 <br />Medicare - 7.2% for 2017/18, <br />decreasing to an ultimate rate <br />of 5.6% in 2020/21 <br />Non-Medicare - 7.5% for <br />2019, decreasing to an <br />ultimate rate of 4.0% in 2076 <br />Medicare - 6.5% for 2019, <br />decreasing to an ultimate rate <br />of 4.0% in 2076 <br />Non-Medicare - 7.5% for <br />2019, decreasing to an <br />ultimate rate of 4.0% in 2076 <br />Medicare - 6.5% for 2019, <br />decreasing to an ultimate rate <br />of 4.0% in 2076 <br />Mortality CalPERS 1997-2011 <br />experience study <br /> CalPERS 1997-2015 <br />experience study <br />CalPERS 1997-2015 <br />experience study <br />Mortality Improvement Mortality projected fully <br />generational with Scale <br />MP-14 with 15 year <br />convergence in 2022 <br />Mortality projected fully <br />generational with Scale <br />MP-2017 <br />Mortality projected fully <br />generational with Scale <br />MP-2017 <br />**Historical information is required only for the measurement periods for which GASB 75 is applicable. Fiscal Year 2018 was the first year of implementation. Future years <br />information will be displayed up to 10 years as information becomes available. <br />Last 10 Years** <br />Agent Multiple-Employer Plan <br />Schedule of Contributions <br />CITY OF PLEASANTON RETIREE HEALTHCARE PLAN <br />138