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CONTRACT AMENDMENT COST ANALYSIS -VALUATION BASIS: Tune 30, 2006 <br />SAFETY FIRE PLAN FOR CITY OF PLEASANTON <br />Employer Number: 327 <br />Benefit Description: Section 21548, Pre-Retirement Optional Settlement 2 Death Benefit <br />Disclosure <br />If your agency is requesting cost information for two or more benefit changes, the cost of adopting more than one of <br />these changes may not be obtained by adding the individual costs. Instead, a separate valuation must be done to <br />provide a cost analysis for the combination of benefit changes. If the proposed plan amendment applies to only <br />some of the employees in the plan, the rate change due to the plan amendment still applies to the entire plan, and is <br />still based on the total plan payroll. <br />Any mandated benefit improvements not included in the June 30, 2006 annual valuation have not been incorporated <br />into this cost analysis. <br />Please note that the cost analysis provided in this document may not be relied upon after August 1, 2008. If you <br />have not taken action to amend your contract, by this date, you must contact our office for an updated cost analysis, <br />based on the new annual valuation. <br />Descriptions of the actuarial methodologies, actuarial assumptions, and plan benefit provisions may be found in the <br />appendices of the June 30, 2006 annual report. Please note that the results shown here are subject to change if any <br />of the data or plan provisions change from what was used in this study. <br />Certification <br />This actuarial valuation for the proposed plan amendment is based on the participant, benefits, and asset data used <br />in the June 30, 2006 annual valuation, with the benefits modified if necessary to reflect what is currently provided <br />under your contract with CaIPERS, and further modified to reflect the proposed plan amendment. The valuation has <br />been performed in accordance with standards of practice prescribed by the Actuarial Standards Board, and the <br />assumptions and methods are internally consistent and reasonable for this plan, as prescribed by the CaIPERS Board <br />of Administration according to provisions set forth in the California Public Employees' Retirement Law. <br />~~/G~ ~M ~0'ao <br />David Du Bois, FSA <br />Senior Pension Actuary, CaIPERS <br />Fin Process Ids: Annual-292012 Base-303492 Proposal-303493 <br />November 16, 2007 Page 5 <br />