Laserfiche WebLink
<br /> <br /> <br /> <br /> October 13, 2022 E-13 <br />ACTUARIAL ASSUMPTIONS <br /> June 30, 2019 Valuation June 30, 2021 Valuation <br /> CERBT <br />Administrative <br />Expenses <br /> 0.05% of assets added to <br />Normal Cost <br /> Same <br /> Retirement  CalPERS 1997-2015 <br />Experience Study <br /> Misc Police <br /> Classic Member <br />Benefit 2.7%@55 3%@50 <br />ERA 57.9 53.9 <br />Benefit 3%@55 <br />ERA 56.4 <br /> PEPRA Member <br />Benefit 2%@62 2.7%@57 <br />ERA 61.1 55.4 <br /> <br /> CalPERS 2000-2019 Experience <br />Study <br /> Misc Police <br /> Classic Member <br />Benefit 2.7%@55 3%@50 <br />ERA 59.5 54.2 <br />Benefit 3%@55 <br />ERA 57.1 <br /> PEPRA Member <br />Benefit 2%@62 2.7%@57 <br />ERA 61.3 55.8 <br /> <br /> <br /> <br /> <br /> <br /> October 13, 2022 E-14 <br />ACTUARIAL ASSUMPTIONS <br /> June 30, 2019 Valuation June 30, 2021 Valuation <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 /> CalPERS <br />Service <br /> City service plus ½ service <br />between age 30 and City hire <br />date for non-Mgmt <br /> CalPERS service for Mgmt <br /> Same <br /> Cap Increase  Healthcare trend  Same