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CONTRIBUTION PROJECTIONS-FIRE SAFETY <br /> ■ Market Value Investment Return: <br /> • June 30, 2016 0.6%11 <br /> • June 30, 2017 11.2%12 <br /> • Future returns based on stochastic analysis using 1,000 trials <br /> Single Year Returns at13 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 /> Based on Ca1PERS 6/30/16 CAFR. <br /> 12 Based on Ca1PERS press release on 7/14/17,preliminary investment return of 11.2%. <br /> 13 Nth percentile means N percentage of our trials result in returns lower than the indicated rates. <br /> 1 December 19,2017 49 <br /> CONTRIBUTION PROJECTIONS-FIRE SAFETY <br /> • Includes Tier 2 (3%@55) effective December 22, 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 /> 1 <br /> December 19,2017 50 pLEASANTUN. <br /> 1 <br />