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16
City of Pleasanton
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CITY CLERK
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AGENDA PACKETS
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2017
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121917
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16
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12/15/2017 1:25:55 PM
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12/13/2017 3:22:24 PM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
12/19/2017
DESTRUCT DATE
15Y
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CONTRIBUTION PROJECTIONS-MISCELLANEOUS <br /> • Market Value Investment Return: <br /> • June 30, 2016 0.6%2 <br /> • June 30, 2017 11.2%3 <br /> • Future returns based on stochastic analysis using 1,000 trials <br /> Single Year Returns at4 25th Percentile 50th Percentile 75th Percentile <br /> • 7.0% Investment Mix 0.1% 7.0% 14.8% <br /> • 6.0% Investment Mix 0.8% 6.0% 11.4% <br /> • Assumes investment returns will, generally be 6.5% (as compared to 7.0%) <br /> over the next 10 years and higher beyond that. <br /> • No Other: Gains/Losses, Method/Assumption Changes, Benefit Improvements <br /> • Excludes Employer Paid Member Contributions (EPMC) <br /> 2 Based on CalPERS 6/30/16 CAFR. <br /> 3 Based on Ca1PERS press release on 7/14/17,preliminary investment return of 11.2%. <br /> ° N"'percentile means N percentage of our trials result in returns lower than the indicated rates. <br /> t) I1_EAS.-NT0N <br /> December 19,2017 19 P <br /> CONTRIBUTION PROJECTIONS-MISCELLANEOUS <br /> • New hire assumptions: <br /> • Assumes 50% of 2013 new hires will be Classic Members (2.7%@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 <br /> 20 years <br /> .Ir Ui <br /> INiCM1 <br /> December 19,2017 20 Pfj iA��J.AY1V' 1 <br />
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