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<br /> <br /> <br /> <br /> September 5, 2024 E-11 <br />ACTUARIAL ASSUMPTIONS <br /> June 30, 2021 Valuation June 30, 2023 Valuation <br /> Retirement  CalPERS 2000-2019 <br />Experience Study <br /> Misc Fire <br /> Classic Member <br />Benefit 2.7%@55 3%@50 <br />ERA 59.5 56.7 <br />Benefit 3%@55 <br />ERA 58.5 <br /> PEPRA Member <br />Benefit 2%@62 2.7%@57 <br />ERA 61.3 58.1 <br /> <br /> CalPERS 2000-2019 Experience <br />Study <br /> Misc Fire <br /> Classic Member <br />Benefit 2.7%@55 3%@50 <br />ERA 59.4 56.6 <br />Benefit 3%@55 <br />ERA 58.6 <br /> PEPRA Member <br />Benefit 2%@62 2.7%@57 <br />ERA 61.4 57.9 <br /> <br /> CERBT <br />Administrative <br />Expenses <br /> 0.05% of assets added to <br />Normal Cost <br /> Same <br /> <br /> <br /> <br /> <br /> September 5, 2024 E-12 <br />ACTUARIAL ASSUMPTIONS <br /> June 30, 2021 Valuation June 30, 2023 Valuation <br /> CalPERS <br />Service <br /> LPFD service plus ½ service <br />between age 30 and LPFD hire <br />date for non-Mgmt <br /> CalPERS service for Mgmt <br /> Same <br /> Cap Increase  Healthcare trend  Same <br /> Medical Plan at <br />Retirement <br /> Actives: <br /> < 65 > 65 <br /> Med. <br />Elig. <br />Non <br />Med. <br />Elig. <br />Kaiser 60% 50% 44% <br />HN <br />HMO <br />5% 5% 8% <br />HN <br />PPO <br />5% 5% 8% <br />Opt Out 30% 40% 40% <br /> Retirees: Same as current <br />medical plan <br /> Same