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<br /> <br /> <br /> <br /> September 5, 2024 <br /> <br />25 <br /> <br />ASSETS <br />Actuarial Value of Assets <br /> <br /> <br /> Historical ADC’s based on smoothed Actuarial Value of Assets <br /> Targeted 100% funding on a smooth path <br /> 6/30/23 valuation <br /> Recommend change to market value <br /> Better reflect actual funded status <br /> Address contribution volatility due with 5 year ramp-up amortization on future <br />investment gains/losses <br /> <br /> <br /> <br /> <br /> <br /> September 5, 2024 <br /> <br />26 <br />ASSETS <br />This page intentionally blank <br /> <br />