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POOLED PLAN CONTRIBUTION RATES-POLICE SAFETY <br /> 6/30/12 Valuation <br /> 2014/2015 Contribution Rates <br /> Total Tier I Tier II PEPRA <br /> 3 @50 3 @55 2.7 @57 <br /> •Employer Contribution Required <br /> • Risk Pool's Net Employer Normal 16.9% 17.5% 15.4% 11.5% <br /> Cost <br /> • Class 1 Benefits <br /> ❑ FAC 1 0.9% 1.0% 0.0% 0.0% <br /> ❑ 50%PRSA 0.0% 0.0% 0.0% 0.0% <br /> ❑ EE Cost Sharing 0.0% 0.0% 0.0% 0.0% <br /> • Risk Pool's Payment on 9.0% 9.4% 5.9% 0.0% <br /> Amortization Bases <br /> • Amortization of Side Fund 0.0% 0.0% 0.0% 0.0% <br /> • Total ER Contribution: 26.8% 27.8% 21.4% 11.5% <br /> 4 Weighting of total contribution projection based on estimated projected Tier 2 and PEPRA payrolls <br /> March 18,2014 19 ai�ti <br /> CONTRIBUTION PROJECTIONS-POLICE SAFETY <br /> U Market Value Investment Return: <br /> • June 30,2012 0.1%5 <br /> • June 30,2013 13.2%6 <br /> • June 30,2014-2017 Poor Investment Return: z 0.2%-4.3% <br /> Expected Investment Ret: 7.50% <br /> Good Investment Return: 10.6%- 15.1% <br /> • No Other: Gains/Losses, Method/Assumption Changes,Benefit Improvements <br /> • Excludes Employer Paid Member Contributions(EPMC) <br /> • Tier 2 3%@55 FAE3 effective July 2012 <br /> • Agencies in a risk pool were not allowed to opt out of 2011 assumption changes phase <br /> in <br /> • New hire assumptions: <br /> • Assumes 50%of 2013 new hires will be Classic Tier 2 Members(3%@55)and <br /> 50%will be New Members with PEPRA benefits. <br /> • Assumes Classic Members will decrease from 50%to 0%of new hires over 10 <br /> years. <br /> 5 Based on Ca1PERS CAFR. <br /> 6 Based on Ca1PERS CAFR. <br /> :TEA=Wat <br /> March 18,2014 20 <br />