|
<br />
<br />
<br />
<br /> September 5, 2024
<br />
<br />35
<br />RESULTS
<br />Amortization Payments
<br />(000’s Omitted)
<br />
<br />
<br /> 6/30/21 Valuation 6/30/23 Valuation
<br /> 2022/23 2023/24 2024/25 2025/26
<br /> 2021 Valuation UAAL $1,062 $1,173 $1,205 $1,239
<br /> Assumption Changes &
<br />Experience (Gain)/Loss
<br /> 2023 Valuation - - 395 406
<br /> Total 1,063 1,173 1,601 1,645
<br /> Amortization Years 16.0 15.0 14.2 13.2
<br />
<br />
<br />
<br />
<br />
<br />
<br /> September 5, 2024
<br />
<br />36
<br />RESULTS
<br />10-Year Projection11
<br /> (000’s Omitted)
<br />
<br />FYE
<br />June 30,
<br />Contributions
<br />Payroll
<br />Contribution
<br />as % of
<br />Payroll
<br />Benefit
<br />Payments CERBT Total
<br />2025 $4,434 $(1,442) $2,992 $41,768 7.2%
<br />2026 4,800 (1,760) 3,040 42,916 7.1%
<br />2027 5,150 (2,064) 3,086 44,097 7.0%
<br />2028 5,357 (2,224) 3,133 45,309 6.9%
<br />2029 5,636 (2,457) 3,179 46,555 6.8%
<br />2030 5,721 (2,497) 3,224 47,836 6.7%
<br />2031 5,752 (2,483) 3,269 49,151 6.7%
<br />2032 5,975 (2,658) 3,317 50,503 6.6%
<br />2033 6,215 (2,847) 3,368 51,892 6.5%
<br />2034 6,340 (2,919) 3,421 53,319 6.4%
<br />
<br />11 Includes projected impact of future hires with lowest tier benefits.
|