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Attachment 4 <br />Livermore -Pleasanton Fire Department <br />Calculating OPEB Unfunded Liability and Actuarially Determined <br />Contribution Based on 49/51 Cost Allocation <br />June 30, 2017 Actuarial Valuation <br />(projected to June 30, 2018 to determine 2018/19 and 2019/20 ADCs) <br />Assumed split between Livermore & Pleasanton <br />® June 30, 2017 Actuarial Accrued Liability (AAL) <br />® June 30, 2017 Market Value of Assets (MVA) <br />® 2017/18, 2018/19 and 2019/20 Benefit Payments <br />® 2017/18, 2018/19, 2019/20 Normal Cost (NC) <br />® 2017/18 Actuarially Determined Contribution (from <br />June 30, 2015 Actuarial Valuation) <br />▪ Determine 2018/19 and 2019/20 Actuarially Determined Contributions <br />above allocations <br />June 30., 2019 Actuarial Valuation <br />(projected to June 30, 2020 to determine 2020/21 and 2021/22 ADCs) <br />50/50 <br />50/50 <br />50/50 <br />49/51 <br />50/50 <br />(ADCs) using <br />® Calculate Expected AAL by rolling each City's AAL forward to June 30, 2019 based on <br />allocated benefit payments and NC from June 30, 2017 valuation <br />▪ Compare actual June 30, 2019 AAL to Expected AAL with difference equaling the <br />liability Gain or Loss. Allocate liability Gain or Loss in proportion to Expected AAL. <br />Calculate Expected MVA by rolling each City's allocated June 30, 2017 MVA forward <br />to June 30, 2019 based on allocated benefit payments and contributions from <br />June 30, 2017 valuation <br />® Compare actual June 30, 2019 MVA to Expected MVA with difference equaling the asset <br />Gain or Loss. Allocate asset Gain or Loss in proportion to expected MVA. <br />Assume 49/51 split of 2020/21 and 2021/22 Normal Cost (NC) between Livermore & <br />Pleasanton <br />▪ Determine amortization payments based on funded status using each City's AAL and <br />MVA from above <br />® Determine 2020/21 and 2021/22 ADCs using above allocations <br />�'� 1/ October 11, 2017 1 <br />