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Item 3B- Actuary Reports
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RECENTHISTORYOF VALUATION RESULTS Reported Annual Actuarial Value of Valuation Payroll Assets UAAL -Date Members Members in Thousands in Thousands in Thousands (in Thousands)%of Payroll 9/30/99 5 199 9/30/00 9/30/01‘ 9/30/02 9/30/03‘ 9/30/04 9/30/05* 9/30/O6” 9/30/07 9/30/03' 9/30/09 9/30/10' 9/30/11 9/30/12‘ 9/30/13 9/30/14* 9/30/15 9/30/16* 10/1/17* at *RefIectsachange in assumptions or benefits. **RefIectsthe Actuarial Impact Statement for Ordinance 58-13-37. 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Q22>:m::nwmmn:3:8o38a.xm:«m3m2m<.£m3>-.u. Ho\H\NoHu>Q:m_._m_<m_:m:o:0mmm,,..h?, RECENTHISTORYOF VALUATION RESULTS Reported Covered Actuarial Value of Employer Normal Cost** Valuation Inactive Annual Payroll Assets UAAL Amount %of Covered Date Members Members (in Thousands in Thousands in Thousands (in Thousands)Payroll S 1829/30/03* 15 5 1,129 16.12 % 9/30/04 16 1,360 16.21 9/30/05 18 1,402 16.25 9/30/06 19 1,254 16.84 9/30/07* 19 1,453 13.74 9/30/08 19 1,476 13.99 9/30/09" —20 1,697 14.36 9/30/10’" 21 1,639 15.08 9/30/11 22 1,606 16.17 9/30/12" 23 1,548 13.44 9/30/13 24 1,360 12.92 9/30/14” 25 1,295 16.08 9/30/15 27 1,247 17.18 9/30/16‘ 26 1,534 15.26 10/1/17* 26 1,577 - *Reflectschange in benefits,actuarial assumptions and/ormethod. “ForValuations prior to 2009,Normal Cost is a mld—yearamount,excluding any administrative expenses. Beginning with 9/30/2009valuation,Normal Cost is a beginning of the year figure,including administrative expenses.For all years,%of Covered Payroll is Normal Cost shown expressed as a %of Covered Valuation Payroll. 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