Laserfiche WebLink
<br /> <br /> <br /> <br />October 13, 2022 E-13 <br />ACTUARIAL ASSUMPTIONS <br /> June 30, 2019 Valuation June 30, 2021 Valuation <br /> Retirement  CalPERS 1997-2015 <br />Experience Study <br /> Misc Fire <br /> Classic Member <br />Benefit 2.7%@55 3%@50 <br />ERA 57.9 55.6 <br />Benefit 3%@55 <br />ERA 58.2 <br /> PEPRA Member <br />Benefit 2%@62 2.7%@57 <br />ERA 61.1 57.4 <br /> <br /> CalPERS 2000-2019 Experience <br />Study <br /> Misc Fire <br /> Classic Member <br />Benefit 2.7%@55 3%@50 <br />ERA 59.5 56.7 <br />Benefit 3%@55 <br />ERA 58.5 <br /> PEPRA Member <br />Benefit 2%@62 2.7%@57 <br />ERA 61.3 58.1 <br /> <br /> CERBT <br />Administrative <br />Expenses <br /> 0.05% of assets added to <br />Normal Cost <br /> Same <br /> <br /> <br /> <br /> <br />October 13, 2022 E-14 <br />ACTUARIAL ASSUMPTIONS <br /> June 30, 2019 Valuation June 30, 2021 Valuation <br /> CalPERS <br />Service <br /> LPFD service plus ½ service <br />between age 30 and LPFD hire <br />date for non-Mgmt <br /> CalPERS service for Mgmt <br /> Same <br /> Medicare <br />Eligible <br /> Actives <br />• Hired < 4/1/86: 70% <br />• Hired > 4/1/86: 100% <br /> Current retirees < 65: <br />• Hired < 4/1/86: 70% <br />• Hired > 4/1/86: 100% <br /> Everyone eligible for Medicare <br />will e lect Part B coverage <br /> Based on current retiree data <br /> Same <br /> Cap Increase  Healthcare trend  Same