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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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Last modified
12/15/2017 1:25:55 PM
Creation date
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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PLAN FUNDED STATUS—FIRE SAFETY <br /> Present Value of Benefits Present Value of Benefits <br /> June 30.2015 June 30,2016 <br /> t lema ed rye I lh.ded PVH <br /> - \ _. �ct..rl.l ri <br /> lrlaeiwl 1L6iur. <br /> Li.AOin \ fl'.h.drd it I dr.d,d <br /> 1 i.6lllnl 1 <br /> I.bldlits I <br /> June 30,2015 June 30,2016 <br /> $ 57,000,000 Active AAL $ 60,200,000 <br /> 131,400,000 Retiree AAL 136,800,000 <br /> 5,100,000 Inactive AAL 5,500,000 <br /> 193,500,000 Total AAL 202,500,000 <br /> 129,700,000 Market Asset Value 126,700,000 <br /> (63,800,000) (Unfunded Liability) (75,800,000) <br /> December 19,2017 43 P <br /> PLAN FUNDED STATUS—FIRE SAFETY <br /> • What happened between 6/30/15 and 6/30/16? <br /> • Unfunded Liability (Increase)/Decrease $(12.0) million <br /> • Gains (losses) <br /> • Asset gain/(loss) $(9.1)million <br /> • Assumption Change - $(2.9)million <br /> • Actuarial gain/(loss) $ 1.7 million <br /> ❑ Average Salary $120,300 -* $123,400 <br /> ❑ Number of Actives 114 —* 121 <br /> ❑ Number of Inactives 27 - 28 <br /> ❑ Number of Retirees 139 - 144 <br /> • Other gain/(loss) $(1.7)million <br /> ❑ Contributions <br /> ❑ Other(expected) <br /> December 19,2017 44 PLEASANTON. <br />
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