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<br /> <br /> <br /> <br /> September 5, 2024 <br /> <br />27 <br />RESULTS <br />Funded Status <br />(000’s Omitted) <br /> <br /> 6/30/21 6/30/23 <br />Projected <br />6/30/24 <br /> Present Value of Benefits <br /> Actives $32,243 $33,505 <br /> Retirees 50,548 57,163 <br /> Total 82,791 90,668 <br /> Actuarial Accrued Liability <br /> Actives 20,996 21,765 <br /> Retirees 50,548 57,163 <br /> Total 71,544 78,928 $80,991 <br /> Assets7 58,320 59,924 63,638 <br /> Unfunded Liability 13,224 19,004 17,352 <br /> Funded Ratio <br /> Actuarial Assets 81.5% n/a n/a <br /> Market Assets 91.3% 75.9% 78.6% <br /> <br /> <br />7 Actuarial value of assets as of 6/30/21, market value of assets as of 6/30/23 and projected 6/30/24. <br /> <br /> <br /> <br /> <br /> September 5, 2024 <br /> <br />28 <br />RESULTS <br />Actuarial Gain/Loss <br />(000’s Omitted) <br /> <br /> AAL Assets UAAL <br /> Actual @ 6/30/2021 $71,544 $58,320 $13,224 <br /> Expected @ 6/30/2023 75,143 64,151 10,993 <br /> Changes <br /> Actual vs. expected premiums and claims 245 - 245 <br /> Asset/Contribution gain - (4,227) 4,227 <br /> Healthcare medical trend 5,105 - 5,105 <br /> Other/Demographic8 (1,565) - (1,565) <br /> Total Increase/(Decrease) 3,785 (4,227) 8,011 <br /> Actual @ 6/30/2023 78,928 59,924 19,004 <br /> <br /> <br /> <br />8 Includes terminations and retirements different than expected and medical coverage changes.