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<br /> <br /> <br /> <br />October 13, 2022 33 <br />ACTUARIAL CERTIFICATION <br />This report presents the Livermore-Pleasanton Fire Department Retiree Healthcare Plan (“Plan”) June 30, 2021 actuarial <br />valuation. The purpose of this valuation is to: <br /> Provide the Plan’s June 30, 2021 Benefit Obligations and Funded Status, and <br /> Calculate the 2022/23 and 2023/24 Actuarially Determined Contributions. <br /> <br />Information provided in this report may be useful to the Department for the Plan’s financial management. Future <br />actuarial measurements may differ significantly from the current measurements presented in this report due to such <br />factors as: plan experience differing from that anticipated by the assumptions; changes in assumptions; changes expected <br />as part of the natural progression of the plan; and changes in plan provisions or applicable law. Actuarial models <br />necessarily rely on the use of estimates and are sensitive to changes. Small variations in estimates may lead to significant <br />changes in actuarial measurements. Due to the limited scope of this assignment, we did not perform an analysis of the <br />potential range of such measurements. <br /> <br />The valuation is based on Plan provisions, participant data, and asset information provided by the Department as <br />summarized in this report, which we relied on and did not audit. We reviewed the participant data for reasonableness. <br /> <br />To the best of our knowledge, this report is complete and accurate and has been conducted using generally accepted <br />actuarial principles and practices. As members of the American Academy of Actuaries meeting the Academy <br />Qualification Standards, we certify the actuarial results and opinions herein. <br /> <br />Respectfully submitted, <br /> <br /> <br /> <br /> <br /> <br />Doug Pryor, ASA, EA, MAAA <br />Senior Consulting Actuary <br />Bartel Associates, LLC <br />October 13, 2022 <br /> Bianca Lin, FSA, EA, MAAA, FCA <br />Senior Consulting Actuary <br />Bartel Associates, LLC <br />October 13, 2022 <br /> Katherine Moore, ASA, MAAA <br />Consulting Actuary <br />Bartel Associates, LLC <br />October 13, 2022 <br /> <br /> <br /> <br /> <br /> <br />October 13, 2022 34 <br />EXHIBITS <br /> <br />Topic Page <br />Premiums E - 1 <br />Data Summary E - 7 <br />Actuarial Assumptions E - 13 <br />Definitions E - 20 <br /> <br />