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<br /> <br /> <br /> <br /> October 13, 2022 15 <br />ACTUARIAL ASSUMPTION HIGHLIGHTS <br /> June 30, 2019 Valuation June 30, 2021 Valuation <br /> Medical Plan <br />at Retirement <br /> Actives: <br /> < 65 > 65 <br /> Med. <br />Elg. <br />Non Med. <br />Elig. <br />Kaiser 60% 65% 60% <br />HN HMO 5% 5% 5% <br />HN PPO 5% 0% 5% <br />Opt Out 30% 30% 30% <br /> Retirees: Same as current <br />medical plan <br /> Actives: <br /> < 65 > 65 <br /> Med. <br />Elg. <br />Non Med. <br />Elig. <br />Kaiser 60% 60% 60% <br />HN HMO 5% 5% 5% <br />HN PPO 0% 0% 0% <br />Opt Out 35% 35% 35% <br /> Retirees: Same as current <br />medical plan <br /> Participation at <br />Retirement <br /> <br /> Current Actives – 100% <br /> Current Retirees: <br />• In payment status – 100% <br />• Not in payment status – 30% <br />will re-elect at age 65 <br /> Same <br /> <br /> <br /> <br /> <br /> <br /> October 13, 2022 16 <br />ACTUARIAL METHODS <br /> June 30, 2019 Valuation June 30, 2021 Valuation <br /> Data  Participant data at 6/30/19  Participant data at 6/30/21 <br /> Cost Method  Entry Age Normal  Same <br /> Funding Policy  Full prefunding through <br />CERBT beginning fiscal year <br />2010/11 <br /> Same <br /> Actuarial Value of <br />Assets <br /> Investment gains/losses <br />spread over a 5-year rolling <br />period <br /> Not less than 80% nor more <br />than 120% of market value <br /> Same <br /> Amortization <br />Method <br /> Level Percent of Payroll  Same <br /> Amortization <br />Period <br /> 18 years from 6/30/20  16 years from 6/30/22