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<br /> <br /> <br /> <br /> September 5, 2024 <br /> <br />31 <br />RESULTS <br />Historical ADCs and Contributions <br />(000’s Omitted) <br /> <br /> <br />238% <br />100% <br />100%100% <br />166% <br />81% <br />127% <br />97% <br />103%99% <br />105%98%169% <br />$0 <br />$2,000 <br />$4,000 <br />$6,000 <br />$8,000 <br />$10,000 <br />$12,000 <br />Trust Contributions Net Ben Pmts - Cash Ben Pmts - IS ADC <br />Percentage of ADC Contributed <br /> <br /> <br /> <br /> <br /> September 5, 2024 <br /> <br />32 <br />RESULTS <br />Actuarially Determined Contribution (ADC) <br /> (000’s Omitted) <br /> <br /> 6/30/21 Valuation 6/30/23 Valuation <br /> 2022/23 2023/24 2024/25 2025/26 <br /> ADC - $ <br /> Normal Cost9 $1,359 $1,356 $1,392 $1,395 <br /> UAAL Amortization 1,062 1,173 1,601 1,645 <br /> Total ADC 2,421 2,529 2,992 3,040 <br /> Projected Payroll10 42,070 43,227 41,768 42,916 <br /> ADC - % <br /> Normal Cost 3.2% 3.1% 3.3% 3.3% <br /> UAAL Amortization 2.5% 2.7% 3.8% 3.8% <br /> Total ADC 5.8% 5.9% 7.2% 7.1% <br /> <br />9 Includes $29, $30, $33, and $34 for CERBT administrative expenses in 2022/23, 2023/24, 2024/25, and 2025/26 <br />respectively. Normal Cost includes impact of future hires with lowest tier benefits. <br />10 2022/23 and 2023/24 include base pay and approximately 5% loading for other PERSable earnings, projected one year with <br />aggregate payroll growth assumption. 2022/23 PERSable earnings provided for 6/30/23 valuation and are projected forward <br />to 2024/25 and 2025/26 with aggregate payroll growth assumption.