Laserfiche WebLink
CONTRACT AMENDMENT COST ANALYSIS -VALUATION BASIS: Tune 30, 2006 <br />SAFETY FIRE PLAN FOR CITY OF PLEASANTON <br />Employer Number: 327 . <br />Benefit peaaiption: Section 21518, Pro-Retlromant Optlonal settlement 2 Death Banaiflt <br />Disclosure <br />If your agency is requesting cost infomnation for two or more benefit changes, the cost of adopting more than one of <br />there changes may not be obtained by adding the individual costs. Instead, a separate valuation must be done to <br />provide a cost anaysis for the combination of benefit changes. If the proposed plan amendment applies bo only <br />some of ti-e employees in the plan, the rate change due tp the plan amendment still applies to the entlre plan, and is <br />still based on the total plan payroll. <br />Any mandated benefit Improvements not inducted in the tune 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 i, 2008. If you <br />have not taken action bo amend your contract, by this date, you must contact our office for an updated cost analysis, <br />based on the new annual valuation. <br />Descriptlons of the actuarial methodologies, actuarial assumptkx~s, and plan t-eneflt provisions may be found in the <br />appendices of the June 30, 2006 annual report. Please note ti'tat the results shown here are subject to change if arty <br />of the data or plan provisbns dwnge from what was used in this study. <br />Certification <br />This ailuarial valuation for the proposed plan amendment is based on the partldparrt, benefits, and asset data used <br />in the Tune 30, 2006 annual valuation, with the benefits modified 6 necessary to reflect what is cumentlY P <br />under your contrail with CaIPERS, and further modified to reflect the proposed plan amendment. The valuation has <br />been performed in accordance with standards of practice presoibed by the Actuarial Starx~ards Board, and the <br />assumptlons and methods are int~emally consistent and reasonable for this plan, as presaibed by the CaIPERS Board <br />of Administration according tp provisions set forth in the California Publk Employees' Retirement Law. <br />QC.Jp~I ICJM ~Ol o <br />David Du Bois, FSA <br />Senior Pension Actuary, CaIPERS <br />Fin Process Ids: Annual-292012 Base-303492 Proposal-303493 <br />November 16, 2007 ~~ ~ <br />