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CONTRIBUTION PROJECTIONS—FIRE SAFETY <br /> • Market Value Investment Return: <br /> • June 30, 2012 0.1%2 <br /> • June 30, 2013. 13.2%3 <br /> • June 30, 2014 - 2017 Poor Investment Return: 0.2% -4.3% <br /> Expected Investment Ret: 7.50% <br /> Good Investment Return: = 10.6% - 15.1%o <br /> ® No Other: Gains/Losses, Method/Assumption Changes, Benefit Improvements <br /> • Excludes Employer Paid Member Contributions (EPMC) <br /> • City did not opt out of 2011 assumption changes phase in <br /> • Tier 2 3%@55 Effective December 22, 2012 <br /> • New hire assumptions: <br /> • Assumes 50% of 2013 new hires will be Classic Members(lateral)with <br /> current benefits and 50% will be New Members with PEPRA benefits. <br /> • Assumes Classic Members will decrease from 50%to 0% of new hires <br /> over 10 years. <br /> 2 Based on CaIPERS CAFR. <br /> 3 Based on CaIPERS CAFR. <br /> March 18,2014 13 <br /> CONTRIBUTION PROJECTIONS—FIRE SAFETY <br /> ® In addition to above assumptions, contribution projections also include new <br /> Contribution Policy Changes <br /> • Changes will take place June 30, 2013 affecting 2015/16 contribution rates <br /> ":=1 <br /> March 18,2014 14 ,�a�i <br />