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CONTRIBUTION PROJECTIONS-POLICE SAFETY <br /> • Market Value Investment Return: <br /> • June 30, 2016 0.6%7 <br /> • June 30, 2017 11.2%8 <br /> • Future returns based on stochastic analysis using 1,000 trials <br /> Single Year Returns at9 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 /> • Includes Ca1PERS Board adopted assumption changes, first impact 2016/17 <br /> Based on CaIPERS 6/30/16 CAFR. <br /> Based on Ca1PERS press release on 7/14/17,preliminary investment return of 11.2%. <br /> 9 N''percentile means N percentage of our trials result in returns lower than the indicated rates. <br /> 1 Fii.'ov TUN. <br /> December 19,2017 33 Pi <br /> CONTRIBUTION PROJECTIONS-POLICE SAFETY <br /> • Includes Tier 2 (3%@55) effective July 7, 2012 <br /> • New hire assumptions: <br /> • Assumes 50% of 2013 new hires will be Classic Tier 2 Members (3%@55) <br /> and 50% will be New Members with PEPRA benefits <br /> • Assumes Classic Tier 2 Members will decrease from 50%to 0% of new <br /> hires over 10 years <br /> F1 CIi1 O! <br /> December 19,2017 34 €ASA ON. <br />