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<br /> <br /> <br /> <br />October 13, 2022 27 <br />RESULTS <br />Actuarially Determined Contribution (ADC) <br /> (000’s Omitted) <br /> <br /> 6/30/19 Valuation 6/30/21 Valuation <br /> 2020/21 2021/22 2022/23 2023/24 <br /> ADC - $ <br />• Normal Cost11 $ 810 $ 820 $ 719 $ 720 <br />• UAAL Amortization 1,222 1,258 539 588 <br />• Total ADC 2,032 2,078 1,258 1,308 <br /> Projected Payroll12 18,648 19,207 19,990 20,539 <br /> ARC - % <br />• Normal Cost 4.3% 4.3% 3.6% 3.5% <br />• UAAL Amortization 6.6% 6.5% 2.7% 2.9% <br />• Total ADC 10.9% 10.8% 6.3% 6.4% <br /> <br /> <br />11 Includes $12, $13, $13, and $14 for CERBT administrative expenses in 2020/21, 2021/22, 2022/23, and 2023/24 <br />respectively. Normal Cost includes benefits end at age 65 for new hires. <br />12 Includes base pay and approximately 23% loading in 2020/21 & 2021/22 and 26% loading in 2022/23 & 2023/24 for other <br />PERSable earnings, projected one year with aggregate payroll growth assumption. <br /> <br /> <br /> <br /> <br />October 13, 2022 28 <br />RESULTS <br />Actuarially Determined Contribution (ADC) <br /> (000’s Omitted) <br />