Ohio Police & FirePension Fund Jan. 1, 2016 Actuarial Valuation of Pension Benefits

October, 2016

O

BO1C M OoaaNe TrRinT

Tbmins

Wmmuefo

TAinew

Tbc

October, 2016

Board of TrusOhio Police &140 East TowColumbus, Oh

Members of th

Ohio Police &of the Ohio Poactuarial valuaaccordance wNo. 340. The entitled, includ

The principal reimbursemenRetirement Stnto account thTable 1A in th

The purpose obasis. Use of mistaken concnapplicability statement ma

Where presenmeasured on measurementunfunded accevaluating thefunded status of its liabilities

This report doAccounting Stnformation unend. Buck prewith and in co

The valuation by the Board ocompounded

6

tees & Fire Pensionwn Street hio 43215

he Board:

& Fire retainedolice & Fire Pation of the as

with Chapter 7valuation takeding pension

results of the nts or any othtudy Council (he liability for

he report.

of the valuatiothis report forclusions due tof the report de about the

nted, referencan actuarial vts using markrued liabilities

e need and levof the plan if

s.

oes not includtandards Boander Statemeepares a sepaompliance with

was based oof Trustees, iannually. The

n Fund

d Buck Consuension Fund ssets and liab

742 of the Ohies into accouand survivor

valuation do her health car(ORSC), suppr Medicare Pa

on is to determr any other puto failure to ufor that purporeport withou

ces to “fundedvalue of asset

ket value of ass. Moreover, tvel of future cf the plan wer

e accounting ard (GASB) Stnt Nos. 67 an

arate valuationh the parame

on the actuariancluding a vae assumption

ultants, LLC (B(OP&F). This

bilities of OP&io Revised Co

unt all of the pbenefits.

not take into e benefits. Hoplemental resart B premium

mine the finanurpose may nnderstand apose. Buck willut prior review

d ratio” and “uts basis. It shssets would rethe funded racontributions e to settle (i.e

disclosure intatement Nosnd 68 in a sepn of OP&F reters set forth

al assumptionaluation interes were effecti

Buck) to comps report prese&F as of Jan. ode (ORC), a

promised bene

account Medowever, at thesults have bee

m reimbursem

ncial status ofnot be approppplicable assul not accept a

w by Buck.

unfunded accrhould be notedesult in differe

atio presentedbut makes noe. purchase a

nformation unds. 67 and 68. parate report tiree health cin Statement

ns and methoest rate of 8.2ive Jan. 1, 20

plete this actuents the result1, 2016, prep

as amended befits to which

dicare Part B e request of ten prepared tents and are

f OP&F on anriate and may

umptions, metany liability for

rued liability” d that the sament funded rad is appropriato assessmentannuities) for a

der GovernmBuck will provafter OP&F’s

care benefits it No. 43.

ods that have 5 percent per

012 and recom

uarial valuatiots of the annupared in by Senate Bill

members are

premium the Ohio that do take presented in

n actuarial y result in thodologies, or any

typically are me atios and te for t regarding tha portion or a

mental vide disclosur 2016 year-in accordance

been adopter annum mmended by

Larry LPrincipaConsult Buck C123 NoSuite 10Chicago larry.langtel 312.fax 312

Paul WDirectoConsul Buck C123 NoSuite 1Chicag paul.wilktel 312.fax 312

on ual

e

or

he all

re

e

ed

Langer al and ting Actuary

onsultants, LLC.rth Wacker Drive000 o, IL 60606

ger@xerox.com 846.3669

2.846.3502

Wilkinson or and lting Actuary

Consultants, LLCorth Wacker Drive000 o, IL 60606

kinson@xerox.com.846.3560

2.846.3502

e

. e

m

BOO terhto

A

Owrv

AaJp

F

Taylioaaa

TUatwaaBdJ

Sfbp

Board of TrusOhio Police &October, 2016

he actuary baexperience rerequire that thhave reflectedo the benefit

Assets and M

OP&F reportewe did not verreasonablenevaluation was

An assumptioassumed to oJan. 1, 2016 apercent.

Funding Obje

The actuary uaccrued by thyears of serviciabilities, the of active memactuarial accruassets. The aaccrued liabili

The actuary dUAAL (the funamount allocahe funding pewhen comparand member cand a reductioBoard of Trusdecreased to Jan. 1, 2016,

Section 742.1funding periodbe developed period to not m

tees & Fire Pension6

ased on a fiveview will cove

he likelihood ad future mortaprovision cha

Membership

ed to the actuarify the data ass. The amou based on fin

n is made by ccur after theactuarial valua

ectives and P

uses an actuae members ace. The rate onormal cost r

mber payroll. Tued liability (Amount of liabty (UAAL).

determines honding period),ated to health eriod was infined to the unfucontribution con in the conttees, and fav47 years, 33 the funding p

6 of the ORCd is no more tand presente

more than 30

n Fund

e-year experieer the five-yeaand extent of ality improvemanges under S

Data

ary the individat their sourceunt of assets ancial statem

Buck to accoe census inforation, Buck in

Progress

rial cost methas of the valuaof contributionrate, is calculaThe portion ofAAL), is compilities in exces

ow many year using the mecare and the

nite years, meunded amounchanges undetribution allocavorable asset years and 30

period is 29 ye

C, as adopted than 30 yearsed by the Boayears. Sectio

ence review car period 201future mortali

ment in the vaSenate Bill No

dual data for me, we did perfin the pensio

ments prepare

ount for salaryrmation has bncreased all re

hod to determation date andn necessary tated under thf the liabilitiespared to a mass of the asse

rs are requireember and eme amount of noeaning the annt was not sufer Senate Bill ation to the Hinvestment g

0 years for 20ears.

by Senate Bs. If the fundinard of Trusteeon 742.14 of t

covering the p2-2016. Actuity improveme

aluation. Addito. 340 were e

members as form tests for n trust fund ta

ed for us by O

y adjustmentseen providedeported salar

mine the portiod the portion tto systematicae cost metho

s accrued as oarket-related, ets is called th

d by OP&F tomployer contrormal cost fornnual contribufficient to pay No. 340, cha

Health Care Stains, the pen13, 2014 and

ill No. 82, setng period excees to the ORSthe ORC, as a

period 2007-2arial Standardents be consitional assumpemployed for t

of the valuatiointernal consaken into acc

OP&F.

s reported by d to Buck by Ories by an ass

on of OP&F’s that is attributally fund the fd to be a leveof the valuatioactuarial valuhe unfunded

o completely aributions redur the year. Foution toward t it off. As a re

anges to the Dtabilization Fusion funding

d 2015, respe

ts forth an objeeds 30 year

SC to reduce tamended by

2011. The nexds of Practiceidered. We ptions relatedthis valuation

on date. Whilsistency and count in the

employers OP&F. For thsumed 1.246

liabilities table to futurefuture serviceel percentageon date, the ue of OP&F’s actuarial

amortize the uced by the or 2003-2012,he unfunded

esult of benefDROP prograund by the period has ctively. As of

jective that thrs, a plan shathe funding Senate Bill N

Page 2

xt e

d n.

le

he

e e e

,

it m,

he ll

No.

BOO 3yBcfp

TistinMainli

S

TmsCSR

Tart

Fpamlaf

TptABAA

Board of TrusOhio Police &October, 2016

340, sets forthyear funding pBoard of Truscurrent triennifunding periodperformed bas

The funded ras 71.3 percenhe market vanvestment losMedicare Partactuarial assentended to miabilities.

Supporting S

The valuation membership dsupporting schComprehensivSolvency TestRetirees and B

The valuation actuary. The areasonable anhe plan.

Future actuariplan experienassumptions, methodology aw. Because future differen

This report wapension actuahe American Academy of ABesenhofer isAmerican AcaAcademy of A

tees & Fire Pension6

h that the 30-yplan, if necesstees’ receipt ial analysis isd is 29 years, sed on the Ja

atio (i.e., the rnt, compared lue of assetssses not yet rt B premium r

ets and 65.8 peasure the ad

Schedules an

report showsdata used in phedules for inve Annual Fint, Schedule oBeneficiaries

assumptionsassumptions nd in combina

ial measuremce differing frincreases or used for thesof limited sco

nces.

as prepared uaries, EnrolledAcademy of A

Actuaries to res a health careademy of ActuActuaries to re

n Fund

year funding sary, be deveof the actuari based on thiso no 30-yea

an. 1, 2019 ac

ratio of actuarto 70.8 perce, the funded rreflected in threimbursemepercent using dequacy of fu

nd Certificati

s detailed sumpreparing thisnclusion in thenancial Reporof Funding Pro

Added to and

s were chosenused to deveation represen

ments may diffrom that anticdecreases exe measureme

ope, Buck per

under the supd Actuaries, AActuaries and

ender the pene actuary, Asuaries and meender the actu

analysis be peloped and pral valuation as Jan. 1, 201ar funding plactuarial valuat

rial assets to tent determineratio would bee actuarial asnts, the fundethe market v

unding in any

ion

mmaries of ths valuation. . e Actuarial anrt: Analysis oogress, Calcud Removed fr

n by the Boarlop the Jan. 1nt our best es

fer significantcipated by thexpected as paents, and charformed no an

ervision of LaAssociates of d meet the Qunsion actuariasociate of theeets the Qualuarial opinion

performed everesented not land 30-year fu6 actuarial va

an is required.tion.

the AAL) deted as of Jan. 1

e lower at 67.ssets. Takinged ratio wouldalue of assetsanalysis of a

e financial resThe actuary p

nd Statistical Sof Financial Eulation of Acturom the Rolls

rd of Trustees1, 2016 valuatstimate of anti

tly from curren economic anart of the natuanges in plan nalysis of the

arry Langer anthe Society oualification St

al opinions cone Society of Aification Stans contained in

ery three yearlater than 90 unding analysaluation, whic. The next an

ermined as of1, 2015. If me5 percent on

g into accountd be 69.5 percs. The fundepossible sett

sults of the vaprepared the Sections of th

Experience, Suarial Value o.

s with the advtion are indivicipated expe

nt measuremnd demographural operationprovisions orpotential ran

nd Paul Wilkiof Actuaries atandards of thntained in this

Actuaries and dards of the An this report r

rs and the 30days after thesis. The ch shows the nalysis will be

f Jan. 1, 2016easured usingaccount of net the AAL for cent using the

ed ratio is not tlement of pla

aluation and following

he OP&F Short-Term of Assets, and

vice of the idually

erience under

ents due to hic

n of the r applicable ge of such

nson who arend Members

he American s report. BobMember of thAmerican regarding the

Page 3

-e

e

6 g et

e

an

d

r

e of

b he

BOO

lihae

Bain

R LP

BD L

Board of TrusOhio Police &October, 2016

iability adjustmhas been prepavailable to anexplanations o

Buck is complanyone closelndependence

Respectfully s

Larry Langer, Principal, Con

Bob BesenhofDirector, Heal

LL/PW -19428

tees & Fire Pension6

ments providepared in acconswer any quor further deta

letely indepenly associated e.

submitted,

FCA, ASA, Ensulting Actua

fer, ASA, MAlth and Produ

8/OPF 2016 Pe

n Fund

ed in Table 1Aordance with auestions on thails as may b

ndent of OP&with us, has

EA, MAAA ary

AAA uctivity

ension Valuatio

A for Medicarall Applicable e material coe appropriate

&F and its officany relations

PaD

n Report.docx

re Part B reimActuarial Stantained in the

e.

cers and key hip with them

aul R. Wilkinsirector, Cons

mbursements.andards of Prae report, or to

personnel. Nm that would im

son, ASA, EAulting Actuary

. This report actice. We ar

o provide

Neither we, nompair our

A, MAAA y

Page 4

re

or

T

S

T

D

G

Tabl

Summary of

Tables:

1 − S

1A − VR

2 − S

3 − D

4 − A

5 − D

6 − S

7 − U

8 − SV

9 − D

10 − P

11 − S

Data Exhibits

I − AA

II − RA

III − RAv

IV − 10

V − R

VI − D

Glossary of T

e of

Principal Re

ummary of R

aluation ResuReimbursemen

ummary of M

erivation of A

nalysis of Ch

etailed Analy

chedule of Fu

nfunded Actu

olvency Test alue of Asset

escription of A

lan Summary

ummary of M

s:

ctive Membernnual Salary

Retiree and Bennual Retirem

Retiree and Beverage Annua

0-Year Histor

Reconciliation

etailed Tabul

Terms ..........

Con

esults ..........

esults of Actu

ults as of Jannt Liabilities ..

arket Value o

Actuarial Value

ange in Unfun

sis of Gains a

unding Progre

uarial Accrued

- Comparativts ..................

Actuarial Ass

y ....................

embership D

rship Data as.....................

eneficiary Memment Allowanc

eneficiary Memal Allowance

ry of Members

of Membersh

ations of the

.....................

ntent

.....................

uarial Valuatio

. 1, 2016 – Ad

.....................

of Plan Assets

e of Assets as

nded Actuaria

and Losses d

ess ...............

d Liability Fun

ve Summary o.....................

sumptions and

.....................

ata as of Jan

s of Jan. 1, 20.....................

mbership Datces ...............

mbership Dat.....................

ship Data ......

hip Data from

Data .............

.....................

ts

......................

on as of Jan.

djusted for M......................

s as of Dec. 3

s of Jan. 1, 2

al Accrued Lia

ue to Plan Ex

......................

nding Period ..

of Actuarial A......................

d Methods .....

......................

. 1, 2016 .......

016 - Number ......................

ta as of Jan. 1......................

ta as of Jan. 1......................

......................

Jan. 1, 2015

......................

......................

.....................

1, 2016 ........

edicare Part .....................

31, 2015 .......

016 ..............

ability as of Ja

xperience .....

.....................

.....................

Accrued Liabil.....................

.....................

.....................

.....................

r and Allowab.....................

1, 2016 - Num.....................

1, 2016 - Num.....................

.....................

to Jan. 1, 20

.....................

.....................

.....................

.....................

B .....................

.....................

.....................

an. 1, 2016 ...

.....................

.....................

.....................

ity and Actua.....................

.....................

.....................

.....................

le Average .....................

mber and .....................

mber and .....................

.....................

016 ................

.....................

.....................

PAGE

..... 1

..... 7

..... 9

..... 10

..... 11

..... 12

..... 13

..... 14

..... 15

rial ..... 16

..... 17

..... 23

..... 36

..... 39

..... 42

..... 45

..... 48

..... 49

..... 52

..... 86

S

I

TP

T

Tp

T

Eea

AinA

C

T

Btpo2mm

OOat

Summa

ntroduction

This report prePension Fund

The principal v

The u

The futhe ac

The d

This valuationprovide disclo

The valuation

Effective with employers. Tassumed perc

A separate vancludes a supAAL for Medic

Changes sinc

The plan prov

Buck has adjuhe time of thepercentage ofof reported pa2016 valuationmembers, butmaterial chan

OP&F reporteOP&F from otadjustments rhe funding pe

ary of P

esents the red.

valuation resu

unfunded actu

unded status ctuarial value

determination

n report does osure informat

was complet

the Jan. 1, 20Thus, any salacentage. The

aluation is perpplemental tacare Part B pr

ce Last Year

visions and ac

usted the cene valuation. Tf late reportedays for the valn. This changt also increasge in the fund

ed to Buck prether Ohio systesulted in inceriod.

Principa

sults of the ac

ults include:

uarial accrued

of the plan dof assets as

of the experi

not contain intion under Sta

ted based upo

016 valuationary amounts

e reported sal

rformed for alable, Table 1Aremium reimb

r

ctuarial assum

sus data repoThe late repord salaries for 2luation, so thege increased ted projected ding period.

eviously unreptems. OP&F

creases to the

al Resu

ctuarial valua

d liability fund

determined asof that date, w

ence gain or

nformation unatement Nos.

on membersh

n, an assumptin this report aries for 2015

l health care A, that shows bursements w

mptions and m

orted by OP&rted salaries f2014. For 20e 2015 reportthe actuarial acontributions

ported adjustalso reported

e actuarial acc

ults

ation as of Jan

ing period, wh

s of Jan. 1, 2which is 71.3

loss as of Jan

nder GASB St 67 and 68 in

hip and financ

tion is being mare the amou5 have been i

benefits. Howwhat the valu

were included

methods used

&F to account for 2015 have014, late repoted salaries haccrued liabilthat are expe

ments to servd revisions to crued liability,

n. 1, 2016 of p

hich is 29 yea

2016 based o3 percent.

n. 1, 2016, wh

tatement Nosn a separate r

cial data subm

made for late unts reported increased by

wever, at the ruation resultsin this valuat

d in this valua

for member se been estimaorted salaries ave been inclity and normaected to fund

vice credit for the marital s, but the adjus

pension bene

ars.

on the actuari

hich is a loss

s. 67 and 68. report after O

mitted by OP&

reported salato Buck by O1.246 percen

request of thes would be if ttion.

tion are unch

salaries accruated by Buck accounted fo

creased by 1.2al cost amounthe costs, thu

r members whtatus of somestments had

efits for the O

ial accrued lia

of $10.3 milli

Buck ConsultP&F’s 2016 y

&F.

ary adjustmenOP&F increasent.

e ORSC, this he normal co

hanged from la

ued but not rebased on the

or about 1.246246 percent fonts for active us resulting in

ho transferrede retirees. Bono material im

1

P&F

ability and

ion.

tants will year-end.

nts from ed by an

report st and

ast year.

eported by e 6 percent or the

n no

d to oth mpact on

S

Sv

*

Summary of

Summarized bvaluation as o

Membersh

Active Mem Numb Annu Avera Mem

Retirees an Numb Annu Avera

Vested Form Numb

ContributioStatutory Co

Empl Mem Total

Allocation o Pens

— Em — Ac — To

Healt Total

Actuarial F Actua Actua Unfun Fund Fund

* Contribut Member c Member c The incre the contrib

Principal Re

below are theof Jan. 1, 2016

ip Data

mbersber

ualized Salarieage Paybership Payro

nd Beneficiarieber

ual Allowancesage Benefit Pmer Membersber

on Rates (as ontribution Raloyer Averageber *

of Employer Csion Contributmployer Normccrued Liabilitotal Employer th Care Contr Employer Co

Funded Statuarial Accrued arial Assetsnded Accrueded Ratioing Period

ion rates in 20contribution racontribution raase in membbution rate fo

esults

e principal fina6. Comparab

Item

es

olles

sPayments

a Percentagates:e

Contribution Rion Rate:

mal Costty RatePension Rate

ribution Rateontribution Ra

us Liability (AAL

d Liability (UA

015 are a bleates for 2015 ates for 2016 er rate from 2r the accrued

ancial results le results from

ge of Payroll)

ate:

e

ate

L)

AAL)

nded averageare 11.50% fare 12.25%.

2015 to 2016 liability from

for the OP&Fm the Jan. 1,

$

$

)

$ 1 1

e reflecting mfrom Jan. 1, 2

reduced the e2015 to 2016

J

F Pension Fun2015 valuatio

27,442,018,844,30 73,552,060,850,58

28,40975,928,91

34,36

23

21.612.233.8

5.315.821.10.5

21.6

9,135,875,913,653,004,515,482,871,40

71.29 Year

id-year chang2015 to July 1

employer norm6.

Jan. 1, 2016

nd based upoon are also sh

61 $ 7 4

27 $ 1

6

1 %56 %

1 %01 %01 %

6 $ 16 10 3 %

rs

ges in the rate, 2015 and 12

mal cost rate

J

on the actuarihown.

27,601,948,353,56 70,58

1,986,568,53

27,96 931,176,01 33,30

18

21.611.833.4

5.815.221.10.5

21.6

8,395,592,473,029,291,145,366,301,33

70.30 Year

es.2.25% thereaf

and increase

Jan. 1, 2015

2

ial

263 87 35

636 0

80

61 %889 %

82 %91 %

5061 %

76 6

30 8 %

rs

fter.

ed

A

Opinratmm

Alia

R

T0

F

*

Actuarial Fun

OP&F’s fundepresent value ncreases for recognition ovassumption ofhe valuation amarket value, market value.

As of Jan. 1, 2iability of $5.5are based on

Reasons for

The funded ra0.5 percentag

InvestmeNet liabilLiability lContribuNet incre

Five-Year His

Valuationas ofJan. 12016

2015

2014

2013

2012

* AAL and ass

nded Status

ed status is mof benefits at

active membever four yearsf 8.25 percenassets from yso that the a

2016, the AAL5 billion. The fan actuarial v

Change in th

atio increasedge points. The

ent gain baseity loss due tooss due to astion level

ease (decreas

story of Actu

AcAccru

(A$ 19,

18,

16,

16,

16,

set values sho

measured by cttributed to paers. The actu

s of any market. The use of

year to year. Tctuarial value

L exceeds thefunded ratio, value of asset

he Funded R

d from 70.8 pee primary reas

d on actuariao plan experiessumption for

se)

uarial Funded

ctuarialued LiabilityAAL) *,135,875,916

,395,592,476

,577,754,827

,007,887,648

,346,698,951

own prior to 2

comparing theast service unarial value of et returns thathis asset va

The actuarial e must be no

e actuarial vawhich is the rts of $13,653

Ratio

ercent as of Jsons for the in

l value of assence and datar late reported

d Status

A

$ 13,

13,

11,

10,

10,

2015 exclude

e actuarial valnder OP&F’s ff assets is a vt are greater luation methovaluation meless than 80 p

lue of assetsratio of the as,004,516 and

Jan. 1, 2015 toncrease are a

setsa adjustments

d salaries

ActuarialAssets*

,653,004,516

,029,291,146

,063,198,418

,278,030,866

,308,958,973

DROP balanc

lue of assets funding meth

value based othan or less t

od mitigates, oethod includespercent and n

, resulting in assets to the Ad an AAL of $

o 71.3 percenas follows:

Increase or0

s (0(000

Acc

$ 5

5

5

5

6

ces

with the AALhod and reflecon OP&F’s mathan the assuor smoothes,s a 20 percenno greater tha

an unfunded AAL, is 71.3 pe

19,135,875,9

nt as of Jan.

r (Decrease) 0.4% 0.1) 0.3) 0.5 0.5%

UnfundedActuarial

crued Liabilit(UAAL)

5,482,871,400

5,366,301,330

5,514,556,409

5,729,856,782

6,037,739,978

. The AAL is cts future pay arket value, bumed valuatio market fluctu

nt corridor aroan 120 percen

actuarial accercent. These

916.

1, 2016, an in

y FuR

0 7

0 7

9 6

2 6

8 6

3

the

but defers on uation in ound the nt of the

rued e figures

ncrease of

ndedRatio71.3 %

70.8

66.7

64.2

63.1

F

N

Ttmpe

F

Five-Year His

Net Actuarial

The results ofhe year endemillion on the performance oexperience ga

Five-Year His

Fiscal YearDec. 3

2015

2014

2013

2012

2011

story of Liab

l Gain (Loss)

f the valuationed Dec. 31, 20

actuarial valuon a market vain/loss is sho

story of Actu

r Ended315 $

4

3

2

ilities, Asset

)

n as of Jan. 1015. There waue of assets avalue basis duown in Table 5

uarial Gains o

(10,3

291,

454,

(380,9

(631,8

Net Gain or

ts and Funde

, 2016 determas a net expeand a loss of $uring 2015 an5.

or (Losses)

335,098)

700,284

507,614

991,785)

881,679)

r (Loss)

ed Ratio

mine the net aerience loss o$91.5 million nd the previou

actuarial gain of $10.3 millio

on liabilities.us three years

or loss due ton, consisting The asset gas. The analys

o plan experieof a gain of $

ain reflects invsis of the net

4

ence for $81.2 vestment

R

Tua

F

F

*

Rate of Retur

The investmeunrealized gaare the rates o

Five-Year His

Five-Year His

Year EndeDec. 31

2015

2014

2013

2012

2011

* Rate of retu

rn on Assets

nt returns of tins and losseof return on th

story of Rate

story of Mark

ed

urn gross of fe

RaMarket

s

the trust fund es) for years ehe actuarial v

es of Return

ket Value and

0.65 %

6.79

16.94

15.41

2.57

ees, as report

ate of Returnt Value* Ac

on a market ended Dec. 31value of asset

d Actuarial A

8.94

10.11

13.63

5.86

2.17

ted in the OP&

n Based onctuarial Asse

value basis (1, 2011 throus used to det

Assets as of

4 %

1

3

6

7

&F CAFR

ets

i.e., total retugh Dec. 31, 2

termine OP&F

Jan. 1

urn including b2015 are showF’s actuarial f

both realized wn below. Alsfunded status

5

and so shown .

F

Tunaa

Top

Ififalarsrfpin

R2f

F

M22s

T

Funding Peri

The actuary dusing the memnormal cost foassumed at 3and changes

The funding poff the $5.5 biprimarily due t

f all assumptif all assumptiare investmenast four yearsreturn, resultinsignificant gaireturns are lowfunding periodpercent over tnsufficient to

Recent white 20 years. Simfaster the UAA

Five-Year His

Member contr2, 2014 and to2015 are the asufficient to pa

The remainde

Valuation as of

Jan. 1

2016

2015

2014

2013

2012

iod

determines homber and empor the year. Th.75 percent pin the statuto

period based ollion UAAL asto net investm

ions are met oons are not m

nt returns ands through 201ng in investmns are realizewer than the ad at or below time, which it pay off the U

papers regarmilar to a mortg

AL is paid off

story of Cont

ribution rates o 12.25 perceaverage, or bay down the u

er of this repo

12.25 %

11.88

11.13

10.38

10.00

Member

ow many yearployer contribhe calculation

per year. The ry contributio

on the Jan. 1s of Jan. 1, 20ment gains ov

on an actuarimet, the period future payro5, but returnsent losses to ed in the nextassumed 8.2530 years. If thhas been in rAAL over 30

ding public segage, the shoand the lesse

tribution Rat

increased froent on July 2, lended, ratesunfunded ove

ort consists of

% 19.50

19.50

19.50

19.50

19.50

Cont

PoliceEmploye

rs are requirebutions reducen of the fundincalculation aln rates as a r

, 2016 valuati016. The fundver the past fo

al basis, the fd could increall growth. OPs for 2014 andbe recognize

t few years to 5 percent, prohe investmenrecent years, years.

ector actuariaorter the amorer the overall

tes and Fund

om 10 percen2015. The m

s for the year. er any numbe

f tables and e

0 % 24

0 24

0 24

0 24

0 24

tribution Rate

e er

FirEmplo

d to completeed by the among period takelso takes into result of Sena

ion is 29 yearding period deour years.

funding periodase. Two ass&F has experd 2015 have

ed over four yoffset the los

ojected contrit assumption future contrib

al practice favrtization periointerest costs

ding Period

t to 10.75 perember rates sA funding per of years.

exhibits.

4.00 %

4.00

4.00

4.00

4.00

es

re oyer

EmAv

ely amortize tount allocatedes into accou account adju

ate Bill No. 34

rs. This is theecreased from

d will continusumptions tharienced overabeen below t

years. As thossses, the fundibutions may is met, but pbutions will be

vor a funding pod, the highers.

rcent on July shown in the

eriod of infinity

21.61 %

21.61

21.61

21.61

21.62

mployer verage

He

he UAAL (thed to health ca

unt future payustments in th40.

e number of yem 30 years as

e to decreaseat greatly impaall favorable ihe assumed se loses are rding period mnot be sufficie

payroll growthe less than pr

period for a sr the annual p

2, 2013, to 1table below f

y means the c

0.50 %

0.50

0.50

3.62

6.75

Allocatio

ealth Care

e funding periare and the amroll growth, cuhe normal cos

ears it will taks of Jan. 1, 20

e each year. Hact the fundinnvestment re8.25 percent recognized, aay increase. ent to keep th is less than 3rojected and m

system’s UAApayments nee

1.50 percent for 2013, 2014contribution le

33.36 %

32.99

32.24

28.37

24.87

Pension

n

6

iod), mount of urrently st rate

ke to pay 015,

However, ng period sults the rate of

and if no If future he 3.75 may be

AL of 15 to eded, the

on July 4 and evel is not

Funding Period

29 Years

30 Years

33 Years

47 years

Infinity

TSa

Table 1 Summary of as of Jan. 1,

Membershi

1. Numbe

a) Acti

i) ii)

iii)

b) Ves

c) Reh

d) Ret

e) Ben

f) Con

g) Tota

2. Annuali

3. Membe

4. Annual

Valuation R

5. Present

a) Acti

b) Ves

c) Reh

d) Ret

e) Ben

f) Con

g) Tota

6. Normal

a) Nor

b) Adm

c) Statd) Totae) Nor

7. Present

Results of A2016

Item

p Data

r of Members

ve Members

Vested ActivesNon-Vested Ac

Total Actives

sted Former Me

hired Retirees

irees and Disab

neficiaries and S

ntributions Refu

al

zed Salaries

ership Payroll

Allowances

Results

t Value of Futur

ve Members

sted Former Me

hired Retirees

irees and Disab

neficiaries and S

ntributions Refu

al PVFB

Cost

rmal Cost

ministrative Expe

te Subsidyal: (a) + (b) - (c)rmal Cost Rate:

t Value of Futur

Actuarial Valu

m

ctives

mbers

bleds

Survivors

nd Due

re Benefits (PVF

mbers

bleds

Survivors

nd Due

enses

)(d) / (3)

re Normal Cost

uation

FB)

Police

7 7

14

1

4

2

33

1,074,134$

1,094,753

556,944

5,959,320$

29,044

9,064

5,679,943

405,95

24,648

12,107,974$

181,15$

11,245

254 192,142$

17

1,621,815$

e F

7,659 7,060

4,719

151

127

1,802

4,424

2,583

3,806

4,187 $

3,221

4,795

0,619 5$

4,878

4,515

3,906 4

1,671

8,741

4,330 10$

1,025 $

5,678

4,639 2,064 $ 7.55%

5,517 1$

Firefighters

6,826 5,901

12,727

85

51

8,770

3,406

728

25,767

944,710,114

966,097,363

418,984,122

5,549,483,030

13,831,295

3,876,820

4,322,947,333

291,302,484

9,609,315

0,191,050,277

161,412,887

8,483,582

192,096 169,704,373

17.57%

1,522,807,808

Tot

2,018,8$

2,060,8

975,9

11,508,8$

42,8

12,9

10,002,8

697,2

34,2

22,299,0$

342,5$

19,7

4 361,8$

3,144,6$

7

tal

14,485 12,961

27,446

236

178

20,572

7,830

3,311

59,573

844,301

850,584

928,917

803,649

876,173

941,335

891,239

254,155

258,056

024,607

563,912

729,260

446,735846,437

17.56%

623,325

TSa(

*

Table 1 Summary of as of Jan. 1, Continued)

8. Actuaria

a) Act

b) Ves

c) Reh

d) Ret

e) Benf) Con

g) Totah) Em

i) Adju

9. Actuaria

10. Unfunde

11. Funding

12. Funded

Allocation 13. Employ

a) Totab) Heac) Emd) Totae) Memf) Emg) Unfu

Amo

* The Actuarial

Results of A2016

Item

al Accrued Liab

ive Members

sted Former Me

hired Retirees

irees and Disab

neficiaries and Sntributions Refu

alployer Accrued

usted AAL

al Value of Ass

ed Accrued Lia

g Period

d Ratio

of Employer Cyer Contributional Employer Raalth Care Stabilployer Pensional Normal Cost mber Rate (by lployer Normal Cunded Accruedortization Rate:

Value of Asset

Actuarial Valu

m

bility (AAL)

embers

bleds

Survivorsund Due

d Liability

sets *

ability: (8) - (9)

Contribution Rn Rateate (by law)ization Fund Al

n Rate: (a) - (b)Rate

law)Cost Rate: (d) -

d Liability: (c) - (f)

ts is split betwe

uation

Rate

llocation

- (e)

een Police and

Police

4,337,505$

29,044

9,064

5,679,943

405,951 24,648

10,486,158$ (10,725

10,475,433$

7,473,979$

3,001,454$

7

190

1917125

13

Firefighters in

e F

5,102 4$

4,878

4,515

3,906 4

1,671 8,741

8,813 8$ 5,124)

3,689 8$

9,456 6$

4,233 2$

71.3%

9.50%0.50%9.00%7.55%2.25%5.30%

3.70%

proportion to th

Firefighters

4,026,675,222

13,831,295

3,876,820

4,322,947,333

291,302,484 9,609,315

8,668,242,469(7,800,242)

8,660,442,227

6,179,025,060

2,481,417,167

71.3%

24.00%0.50%

23.50%17.57%12.25%5.32%

18.18%

he Actuarial Ac

Tota

8,364,1$

42,8

12,9

10,002,8

697,2 34,2

19,154,4$ (18,5

19,135,8$

13,653,0$

5,482,8$

2

crued Liability.

8

al

180,324

876,173

941,335

891,239

254,155258,056

401,282525,366)

875,916

004,516

871,400

29 Years

71.3%

21.61%0.50%

21.11%17.56%12.25%5.31%

15.80%

TVA

*

Table 1A Valuation ReAdjusted for

Valuation Re

1. Present

a) Pens

b) Med

c) Tota

2. Normal C

a) Pens

b) Med

c) Tota

3. Actuaria

a) Pens

b) Med

c) Tota

4. Actuaria

5. Unfunde

6. Funded

Allocation o

7. Employe

a) Tota

b) Heal

c) Emp

d) Pens

e) Med

f) Tota

g) Mem

h) Emp

i) Unfu

Amo

* The Actuarial While the Actu Medicare Part assets that mi

sults as of JMedicare Pa

Item

esults

Value of Future

sion Benefits

icare Part B Be

al

Cost

sion Benefits

icare Part B Be

al

al Accrued Liabi

sion Benefits

icare Part B Be

al

al Value of Asse

ed Accrued Liab

Ratio

of Employer Co

er Contribution

al Employer Rat

lth Care Stabiliz

ployer Pension R

sion Normal Co

icare Part B No

al Normal Cost R

mber Rate (by la

ployer Normal C

unded Accrued

ortization Rate:

Value of Assetuarial Accrued Lt B reimbursemight be associat

an. 1, 2016 art B Reimbu

m

e Benefits

enefits

enefits

lity

enefits

ets *

bility

ontribution Rat

Rate

te (by law)

zation Fund Allo

Rate: (a) - (b)

ost Rate

ormal Cost Rate

Rate: (d) + (e)

aw)

Cost Rate: (f) -

Liability

(c) - (h)

ts is split betweeLiability and Noents, the Actuated with Medica

ursement Lia

$

$

$

$

$

$

te

ocation

e

)

(g)

en Police and Formal Cost havearial Value of Asare Part B reimb

abilities

Police

12,107,974,3$

297,028,3

12,405,002,6$

17.5

0.4

17.9

10,475,433,6$

242,634,7

10,718,068,4$

7,473,979,4$

3,244,088,9$

69

19.5

0.5

19.0

17.5

0.4

17.9

12.2

5.7

13.2

Firefighters in pe been adjustedssets is unadjusbursements.

F

330 10,$

359

689 10,$

55%

41%

96%

689 8,$

729

418 8,$

456 6,$

962 2,$

9.7%

50%

50%

00%

55%

41%

96%

25%

71%

29%

proportion to thed in this illustratsted for any He

irefighters

,191,050,277

284,670,651

,475,720,928

17.57%

0.43%

18.00%

,660,442,227

235,851,949

,896,294,176

,179,025,060

,717,269,116

69.5%

24.00%

0.50%

23.50%

17.57%

0.43%

18.00%

12.25%

5.75%

17.75%

e pension Actuation to reflect thealth Care Stabi

Tot

22,299,0$

581,6

22,880,7$

19,135,8$

478,4

19,614,3$

13,653,0$

5,961,3$

arial Accrued Lie liability forilization Fund

9

tal

024,607

699,010

723,617

17.56%

0.42%

17.98%

875,916

486,678

362,594

004,516

358,078

69.6%

21.61%

0.50%

21.11%

17.56%

0.42%

17.98%

12.25%

5.73%

15.38%

ability.

TSa

*

Table 2 Summary of as of Dec. 31

1. Marke

2. Contriba) Memb) Empc) Stat

d) Tota

3. Benefi

4. Admin

5. Incomea) Inteb) Appc) Inve

d) Invee) Inte

f) Tota

6. Prior P

7. Marke(1) + (2

8. Rate o(5f) / [(

* The Markeat Dec. 31

Market Value, 2015

t Value of Ass

butions Durinmberployerte Subsidy

al

t Payments D

istrative Expe

e During 2015rest, Dividend

preciation/(Deestment Expe

estment Returrest on Rece

al Income (d)

Period Adjustm

t Value of Ass2d) - (3) - (4)

of Return(1) + (6) + 0.5

et Value of As1, 2014 and $

e of Plan Ass

Item

sets as of De

g 2015

During 2015

enses During

5ds and Other

epreciation)nses

rn After Expeivables and O

+ (e)

ment

sets as of De+ (5f) + (6)

5 * ((2d) - (3) -

ssets includes$1,362,869,29

sets

c. 31, 2014*

2015

Income

nses (a) + (b)Other Income

c. 31, 2015*

- (4))]

s the DROP a92 at Dec. 31,

) - (c)

accrual balan 2015.

A

1$

$

$

$

$

$

$

1$

ces of $1,304

Amount

3,453,447,83

245,834,62 428,526,21

446,73

674,807,57

1,170,476,86

15,635,76

320,205,40 (300,669,26

36,241,00

(16,704,86 5,445,66

(11,259,19

(6,940,42

2,923,943,15

(0.09)

4,210,784

36

234

35

72

66

62

0062)03

65)67

98)

26)

56

)%

10

TDa

Table 3 Derivation ofas of Jan. 1,

1. Market

2. Determ

Year

2015

2014

2013

2012

3. Adjustm

4. Actuari

5. Actuaria) Actub) Priorc) Contd) Benee) Expef) Retug) Actu

*from last yoccur halfw

The actua

f Actuarial Va2016

t Value of Asse

mination of Def

Actua

(11,25$

786,52

1,893,85

1,531,04

ment for 20% c

ial Value of As

ial Rate of Retuarial Value of r Period Adjustributions Durinefits Paid Durienses During 2rn on an Actua

uarial Rate of R

year to this yeaway through th

rial rate of retu

alue of Asse

ets as of Dec.

ferred Gain (Lo

Retu

al E

59,198) 1,0$

22,451 1,0

54,624 9

42,478 8

corridor

ssets as of Jan

turn *Assets as of Jtmentng 2015ng 20152015arial BasisReturn: (f) / [(a

ar. The rate of he year.

urn is the rate o

ts

Item

31, 2015

oss)

urn on Market V

Expected

088,245,528

065,611,384

953,408,015

878,042,138

n. 1, 2016: (1) -

Jan. 1, 2015

) + (b) + 0.5 *

return is calcuof return base

Value of Asset

Gain/(Los

(1,099,504$

(279,08

940,44

653,00

- (2) + (3)

((c) - (d) - (e))]

ulated assumind on the chang

ts

ss) % D

4,726) 7

8,933) 5

6,609 2

0,340

]

ng contributionge in the actua

$

Deferred

75% $

50%

25%

0%

$

$

$

$

s and disbursearial value of a

Amount

12,923,9$

DeferredAmount

(824,6$

(139,5

235,1

(729,0$

$

13,653,0$

13,029,2$ (6,9

674,8 1,170,4

15,6 1,141,9

ements ssets

11

t

943,156

dt

628,545)

544,467)

11,652

-

061,360)

-

004,516

291,146940,426)807,572476,866635,762958,852

8.94%

TAa

Table 4 Analysis of Cas of Jan. 1,

1. Unfun

2. Contr

3. Intere

4. Expe

(1) - (

5. Actua

6. Net L(4) - (

7. Reas

(a) Ex

(

(

(b) L

(c) L

(d) L

(e) T

Change in Un2016

nded Accrued

ributions Tow

est Credit at 8

cted Unfunde

(2) + (3)

al Unfunded A

Loss(5)

sons for Net L

xperience Ga

(i) Gain from

Actuarial

(ii) Gain from

Subtotal

Loss from Mar

Loss from Pay

Loss from Tra

Total

nfunded Actu

It

d Liability at Ja

ward Unfunded

8.25% to Dec.

ed Accrued Lia

Accrued Liabil

oss

ains (Losses)

m Investment

Value of Asse

m Demograph

rital Status Ad

y Load Adjustm

nsfer Service

uarial Accrue

tem

an. 1, 2015

d Accrued Lia

31, 2015

ability at Dec.

lity at Jan. 1, 2

Return on

ets

hic Experience

djustments

ment for Late

Adjustments

ed Liability

bility

31, 2015

2016

e and Other

Reported Pays

$

$

$

$

$

$

$

$

$

$

$

$

$

Amount

5,366,301,

323,154,

429,389,

5,472,536,

5,482,871,

(10,335,

81,193,

31,799,

112,992,

(11,293,

(65,729,

(46,304,

(10,335,

12

,330

,754

,726

,302

,400

,098)

,240

,249

,489

,665)

,371)

,551)

,098)

TDR

Table 5 Detailed AnaResulting In

Plan Experie

TurnoverIf more liafrom activIf smaller

RetiremeIf membe

a gain. If

Death amIf more ddeaths th

DisabilityIf disabilitgain. If m

Salary incIf there ais a gain.

Return toIf participthere is a

New EntrIf new en

Deaths aIf claims If more cl

InvestmeIf there isis a gain.

Other Ex

If other eincreasesOtherwis

Net gain

lysis of GainDifferences

ence:

rabilities are relve membershipr releases, ther

enters retire at old

f younger, ther

mong retired mdeaths occur thhan assumed, t

y retirementsty claims are le

more claims, a

crease/decreasre smaller pay If greater incr

o workpants return to a loss.

rantsntrants join OP&

among activescosts are less laims, a loss.

ents greater invest If less return,

xperience and P

xperience, incls the unfunded

se, there is a ga

(or loss) during

ns and Lossebetween Ass

Type of Acti

leased by withdp than assumere is a loss.

der ages than a

re is a loss.

embers and bean assumed, ththere is a loss.

ess than assumloss.

sey increases thanreases, a loss.

work with prev

&F, there is a lo

than assumed

tment return th a loss.

Payroll Growth

luding less thand liability, there ain.

g the year due

es due to Plasumed and A

ivity

drawal separatied, there is a ga

assumed, there

eneficiarieshere is a gain.

med, there is a

n assumed, the

vious service re

oss.

d, there is a gain

han assumed, t

n expected payis a loss.

to plan experie

an ExperiencActual Exper

ionsain.

e is

If fewer

ere

estored,

n.

there

yroll growth,

ence

ce rience

Jan

$

(

1$

Gain

n. 1, 2016

(1,786,735)

(4,939,352)

(16,176,502)

25,587,040

40,251,935

(1,215,348)

(5,043,837)

(2,396,203)

81,193,240

(2,481,749)

12,992,489

n (Loss)

Jan. 1, 2

(9,2$

(7

(43,6

32,0

78,2

(4

(5,1

(2,6

224,7

18,4

291,7$

13

2015

205,962)

742,371)

649,147)

032,671

297,521

497,912)

38,911)

689,167)

797,351

496,211

700,284

TS

**

Table 6 Schedule of F($ Amounts

Valuation as ofJan. 1

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

* Actuarial Ass** The amount

Funding Proin Millions)

Valuation

Assets

$ 13,653.0

13,029.3

11,063.2

10,278.0

10,309.0

10,681.0

10,794.1

9,309.2

11,212.9

10,158.0

sets and Liabilts reported in t

ogress

ActuariaAccruedLiability(AAL)

0 19,135

3 18,395

2 16,577

0 16,007

0 16,346

0 15,384

14,830

2 14,307

9 13,727

0 12,987

ities prior to Jathis schedule d

Unfundal Actuard Accruy Liabili

(UAA

.9 $ 5,48

.6 5,36

.8 5,51

.9 5,72

.7 6,03

.4 4,70

.7 4,03

.1 4,99

.8 2,51

.5 2,82

an. 1, 2015 aredo not include

dedrialed Ratity AsseL) AA

82.9 7

66.3 7

14.6 6

29.9 6

37.7 6

03.4 6

36.6 7

97.9 6

14.9 8

29.5 7

e net of DROPassets or liab

io of Aets to MAL P

71.3 % $

70.8 %

66.7 %

64.2 %

63.1 %

69.4 %

72.8 %

65.1 %

81.7 %

78.2 %

P balances.ilities for post-

ActiveMemberPayroll

2,060.9

1,986.6

1,942.3

1,913.4

1,897.4

1,868.5

1,895.2

1,900.9

1,831.4

1,782.9

employment h

UAAL asPercentage

of ActiveMemberPayroll

266.1 %

270.1 %

283.9 %

299.5 %

318.2 %

251.7 %

213.0 %

262.9 %

137.3 %

158.7 %

health care ben

14

nefits.

TU

Y

1

meit

2

3

y

Table 7 Unfunded Ac

PlanYear Year

1 20162 20173 20184 20195 20206 20217 20228 20239 202410 202511 202612 202713 202814 202915 203016 203117 203218 203319 203420 203521 203622 203723 203824 203925 204026 204127 204228 204329 204430 2045

Resultin

1 The amortizaminus the heaexcept for anyincrease. Thethe total norma

2 The contribut

3 The outstandyear with intere

(e) = [ (a) x 1

ctuarial Accr

OutstanBalanc

Beginning of January

UAA(a)

5,482,8 5,590,8 5,692,8 5,787,6 5,874,3 5,951,9 6,018,8 6,074,5 6,117,1 6,145,5 6,157,8 6,151,9 6,125,5 6,076,3 6,001,6 5,898,3 5,763,4 5,594,0 5,386,4 5,136,6 4,840,2 4,492,3 4,087,7 3,620,6 3,084,4 2,472,6 1,777,8

992,0 106,4

g Funding Per

ation contributialth care contriby legislated incre impact of SB al cost rate ove

tion amount is

ding balance aest minus the 1.0825 ] - [ (d)

ued Liability

ndingce at

of Year Ay 1, 2016 CAL

871,400888,511870,178681,662311,237915,735825,358535,027181,186566,679826,347914,509589,037394,082641,328389,658423,104012,421441,866656,368232,306345,826738,499680,098420,053607,322834,640039,606448,993

-

riod = 29 Years

on rate is the tbution rate. Threases, for wh340 and chaner time, and, th

s the product o

t the end of thmid-year amox 1.0825^0.5 ]

y Funding Pe

AssumedAmortizationContribution

Rate1

(b)15.80%15.89%15.98%16.06%16.12%16.19%16.22%16.26%16.28%16.30%16.32%16.34%16.36%16.38%16.40%16.42%16.42%16.42%16.42%16.42%16.42%16.42%16.42%16.43%16.43%16.43%16.43%16.43%16.44%16.44%

s

total statutory he statutory coich none are a

nges adopted bhus, increase

f (b) the amort

e year is derivrtization contri

eriod

AssumPayro

@ 3.75Growth R

(c)2,094,55 2,173,09 2,254,58 2,339,13 2,426,85 2,517,85 2,612,27 2,710,23 2,811,87 2,917,31 3,026,71 3,140,22 3,257,97 3,380,15 3,506,90 3,638,41 3,774,85 3,916,41 4,063,28 4,215,65 4,373,74 4,537,75 4,707,92 4,884,46 5,067,63 5,257,67 5,454,83 5,659,39 5,871,61 6,091,80

contribution raontribution rateassumed after by OP&F that wthe amortizatio

tization contrib

ved from the oubution with inte

ed Moll Am5% CoRate A

0,962 33 6,623 34 7,746 36 4,787 37 2,341 39 9,304 40 9,028 42 9,492 44 3,473 45 8,728 47 8,180 49 0,112 51 8,366 53 2,555 55 8,276 57 7,336 59 7,986 61 5,161 64 0,729 66 3,756 69 0,772 71 6,051 74 1,903 77 8,975 80 6,561 83 2,932 86 5,667 89 2,005 92 9,205 96 4,925 1,00

ate, minus the e is assumed tthe July 1, 20

will impact newon contribution

bution rate and

utstanding balaerest.

Mid-Yearmortization

ntributionAmount2

(d)30,939,05245,305,05360,283,12275,665,04791,208,59707,641,42123,711,65840,684,94157,773,00175,522,95393,960,40713,111,96633,005,26153,668,98875,132,95797,428,12719,831,68143,075,36967,190,69692,210,34718,168,23545,099,54473,040,77702,518,25332,612,68763,835,66396,229,50029,838,10665,294,19701,492,730

total normal coto remain unch15 member cow members wiln rate, as reflec

d (c) the assum

ance at the be

OutstandiBalance End of Ye

of January 1,UAAL3

(e)5,590,888 5,692,870 5,787,681 5,874,311 5,951,915 6,018,825 6,074,535 6,117,181 6,145,566 6,157,826 6,151,914 6,125,589 6,076,394 6,001,641 5,898,389 5,763,423 5,594,012 5,386,441 5,136,656 4,840,232 4,492,345 4,087,738 3,620,680 3,084,420 2,472,607 1,777,834

992,039 106,448

ost rate,hangedontribution ratell reducected above.

med payroll am

ginning of the

15

ingat

ear, 2016

8,5110,178,662,237

5,7355,3585,027,186

6,6796,3474,5099,0374,082,328

9,6583,1042,421,866

6,3682,3065,8268,4990,0980,0537,3224,6409,6068,993

- -

e

mount.

TSCA

P

F

T

Table 8 Solvency TesComparativeActuarial Val($ Amounts

POLICE

Valuationas of

January 1

20162015201420132012201120102009

FIREFIGHTER

Valuationas of

January 1

20162015201420132012201120102009

TOTAL

Valuationas of

January 1

20162015201420132012201120102009

Note: Actua

st Summary oue of Assetsin Thousand

(1)Active

MemberContribution

$ 1,386,649 1,210,400 1,171,496 1,131,664 1,100,146 1,100,25 1,067,209 1,026,597

RS

(1)Active

MemberContribution

$ 1,213,330 1,062,097 1,028,465

974,362 965,598 956,559 916,033 874,756

(1)Active

MemberContribution

$ 2,599,979 2,272,496 2,199,96 2,106,027 2,065,744 2,056,810 1,983,242 1,901,353

rial Assets a

f Actuarial As ds)

(2)Retire

andns Benefic

9 $ 6,08 0 5,85 6 5,36 4 5,16 6 4,96 1 4,36 9 4,21 7 4,07

(2)Retire

andns Benefic

0 $ 4,61 7 4,33 5 3,92 2 3,75 8 3,58 9 3,13 3 3,00 6 2,89

(2)Retire

andns Benefic

9 $ 10,70 6 10,19 1 9,29 7 8,91 4 8,54 0 7,50 2 7,22 3 6,97

and Liabilitie

Accrued Liab

)ees Actd E

ciaries F

85,896 $ 57,146 68,637 66,808 60,051 68,659 16,219 77,113

)ees Actd E

ciaries F

14,250 $ 37,819 24,388 51,279 81,800 32,521 04,267 95,243

)ees Actd E

ciaries F

00,146 $ 94,965 93,025 18,087 41,851 01,180 20,486 72,356

es prior to Ja

bility and

(3)ive Member

EmployerFinanced

3,002,889 3,015,390 2,583,711 2,532,580 2,969,900 3,008,219 2,926,199 2,832,235

(3)ive Member

EmployerFinanced

2,832,862 2,912,741 2,501,058 2,451,195 2,769,204 2,818,228 2,700,815 2,601,180

(3)ive Member

EmployerFinanced

5,835,751 5,928,132 5,084,769 4,983,774 5,739,104 5,826,447 5,627,014 5,433,415

an. 1, 2015 a

ActuariaValue ofAssets

$ 7,473,9 7,141,5 6,088,8 5,670,0 5,694,7 5,885,4 5,975,1 5,163,6

ActuariaValue ofAssets

$ 6,179,0 5,887,7 4,974,3 4,607,9 4,614,1 4,795,5 4,818,9 4,145,5

ActuariaValue ofAssets

$ 13,653,0 13,029,2 11,063,1 10,278,0 10,308,9 10,681,0 10,794,0

9,309,1

are net of DR

Pol Liaf V

(1)

979 100575 100816 100069 100783 100449 100121 100648 100

Pol Liaf V

(1)

025 100716 100383 100962 100176 100563 100972 100508 100

Pol Liaf V

(1)

004 100291 100199 100031 100959 100012 100093 100156 100

ROP balanc

ortion of Accrability CovereValuation Asse

(2)

% 100 %% 100 %% 92 %% 88 %% 93 %% 100 %% 100 %% 100 %

ortion of Accrability CovereValuation Asse

(2)

% 100 %% 100 %% 100 %% 97 %% 100 %% 100 %% 100 %% 100 %

ortion of Accrability CovereValuation Asse

(2)

% 100 %% 100 %% 95 %% 92 %% 97 %% 100 %% 100 %% 100 %

ces

16

ruedd byets

(3)

0 %2 %0 %0 %0 %

14 %24 %

2 %

ruedd byets

(3)

12 %17 %

1 %0 %2 %

25 %33 %14 %

ruedd byets

(3)

6 %9 %0 %0 %0 %

19 %28 %

8 %

TD

A

Tp2

I

S

D

Ct

Wt

P

A

Table 9 Description o

Assumptions

The actuarial period 2007-22017 valuation

NTEREST RA

SALARY INC

Years of Service

Less than 11 2 3 4

5 or more

DROP INTER

COLA: Threehree percent.

WITHDRAWAhan death, di

Police

Age

0

25 10.3%

30 10.4%

35 13.0%

40 14.0%

45 16.0%

50 18.0%

55 20.0%

60 20.0%

of Actuarial A

s

assumptions 2011. The nen.

ATE: 8.25 pe

REASE RATE

Salar

1

REST RATE:

e percent simp.

AL RATES: Tsability, or ret

1

6.3%

5.8%

5.3%

6.0%

6.3%

8.3%

12.0% 1

12.0% 1

Assumptions

were adoptext review of th

ercent per ann

ES: Assumed

ry Increase R

11.00% 9.50% 8.50% 6.50% 5.00% 4.25%

4.5 percent p

ple; 2.6 perce

The following stirement):

2 3

3.5% 4.4

4.4% 3.5

3.2% 3.8

4.6% 4.5

6.1% 5.9

8.1% 7.5

10.0% 9.4

10.0% 9.4

s and Method

d as of Jan. 1he actuarial a

num, compou

d annual sala

Rate

per annum, co

ent simple for

sample withd

Y

3 4

4% 3.9%

5% 3.2%

8% 3.5%

5% 4.1%

9% 5.2%

5% 6.5%

4% 8.0%

4% 8.0%

ds

1, 2012, baseassumptions i

unded annual

ary increases

ompounded a

increases ba

drawal rates a

Years of Serv

5

2.2%

3.0%

3.4%

3.9%

4.3%

5.3%

6.5%

6.5%

ed on a five-yeis to be comp

lly.

are as follow

annually.

ased on the le

are based on

vice

6

2.1% 2

2.9% 2

3.2% 3

3.3% 3

3.5% 3

4.1% 4

5.2% 5

5.2% 5

ear experiencpleted for ado

ws:

esser of the in

age and serv

7 8

2.0% 1.8%

2.5% 2.2%

3.1% 2.5%

3.2% 1.8%

3.5% 2.1%

4.0% 3.9%

5.1% 4.9%

5.1% 4.9%

ce review covption with the

ncrease in CP

vice (for cause

9

% 1.8%

% 1.8%

% 1.7%

% 1.5%

% 1.2%

% 3.1%

% 4.5%

% 4.5%

17

vering the e Jan. 1,

PI and

es other

10+

1.5%

1.5%

1.3%

0.9%

0.8%

1.5%

1.7%

1.7%

TD( F

A

R

OOo

Table 9 Description oContinued)

Firefighters

Age

0

25 2.8%

30 3.8%

35 4.2%

40 4.5%

45 4.6%

50 6.1%

55 6.1%

60 6.1%

RATES OF D

Age

20 30 40 50 55 60 64

On duty permOn duty partiaoff duty ordina

of Actuarial A

1

2.2%

1.6%

3.4% 2

3.6% 2

3.8% 2

4.4% 4

5.0% 5

5.0% 5

ISABILITY: T

Police

.002%

.255%

.732% 1.126%

.933%

.966% 1.441%

anent and total ary

Assumptions

2 3

1.6% 1.5

1.8% 1.7

2.1% 2.0

2.2% 2.1

2.7% 2.6

4.0% 3.8

5.0% 5.0

5.0% 5.0

The following

Firefigh

.004%

.063%

.454%

.891%1.350%1.331%3.126%

tal 23% 61% 16%

s and Method

Y

3 4

5% 1.2%

7% 1.6%

0% 1.9%

% 2.0%

6% 2.5%

8% 3.5%

0% 4.0%

0% 4.0%

are sample r

hters

% % % % % % %

ds

Years of Serv

5

1.1%

1.3%

1.4%

1.5%

1.9%

2.7%

3.5%

3.5%

rates of disab

vice

6

1.0% 1

1.2% 1

1.3% 1.

1.4% 1

1.6% 1

2.4% 2

2.4% 2

2.4% 2

ility and occu

7 8

.0% 0.9%

.1% 1.0%

25% 1.1%

.3% 1.2%

.4% 1.3%

2.2% 2.1%

2.2% 2.0%

2.2% 2.0%

urrence of disa

9

% 0.9%

% 1.0%

% 0.9%

% 1.0%

% 1.1%

% 1.5%

% 1.5%

% 1.5%

ability by type

18

10+

0.8%

0.9%

0.8%

0.6%

0.5%

0.7%

1.1%

1.1%

e:

TD( R

De

D2

P

Table 9 Description oContinued)

RETIREMENT

Age

48

49-52

53-54

55-57

58-59

60

61

62

63

64

65-69

70

DEFERRED Religible are as

DROP RETIR2013:

Police

Age

48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64

65-69 70 1

of Actuarial A

T RATES: Th

Police

10%

5%

11%

11%

5%

15%

25%

25%

25%

25%

35%

100%

RETIREMENTssumed to ele

REMENT RAT

0 1

5% 5% 4% 4% 4% 4% 4% 5% 5% 5% 5%

16% 16% 16% 16% 16% 19% 19%

100% 10

Assumptions

he following ra

Firefighter

10%

5%

5%

10%

13%

20%

20%

50%

20%

25%

25%

100%

T OPTION PLect DROP.

TES: The follo

1 2

5% 5% 5%5% 5%5% 5%5% 5%5% 5%5% 5%5% 5%5% 5%5% 5%5% 5%5% 5%5% 5%5% 5%5% 5%5% 5%5% 5%0% 100%

s and Method

ates of retirem

rs

LAN ELECTIO

owing rates of

Y3

% % 10%% 10%% 10%% 10%% 15%% 15%% 15%% 15%% 15%% 15%% 15%% 15%% 15%% 17%% 17%% 100%

ds

ment apply to

ONS: 90 perc

f retirement a

Years in DRO4

10% 10% 10% 15% 15% 15% 15% 16% 16% 16% 16% 16% 17% 17%

100%

o members no

rcent of memb

apply to memb

OP 5

12% 12% 12% 12% 12% 12% 15% 15% 15% 15% 15% 16% 16%

100%

ot in DROP:

bers who do n

bers in DROP

6

14% 17% 317% 317% 317% 318% 318% 318% 318% 318% 319% 319% 3

100% 10

not retire whe

P on or before

7 8

30% 30% 100%30% 100%30% 100%32% 100%32% 100%32% 100%32% 100%32% 100%35% 100%35% 100%00% 100%

19

en first

e July 1,

% % % % % % % % % % %

TD( F

Ta

Rs

Mmfbu

Cuao

4

FS

Table 9 Description oContinued)

Firefighters

Age

48

49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64

65-69 70 1

The same rateare replaced w

RETIREMENTservice from f

MORTALITY: members, setfirefighters. Fbeneficiaries, using mortality

CREDITED Sunder the planassumes futurof transferred

415 LIMITS:

FUTURE EXPSubsidy receiv

of Actuarial A

0 1

2%

4% 4% 4% 4% 4% 4% 5% 5% 5% 5% 6% 6% 6% 6%

30% 30% 30%

100% 10

es apply for mwith the rates

T AGE FOR Ifull-time hire d

Rates of deat back six yea

For service retset back zeroy improvemen

ERVICE: Cren, including sere service wilservice or pu

Benefits are l

PENSES: Thved from the

Assumptions

1 2

3% 3% 3%3% 3%3% 3%3% 3%3% 3%3% 3%3% 3%3% 3%3% 3%3% 3%3% 3%3% 3%3% 3%3% 3%3% 3%3% 3%0% 100%

members ente for year two.

NACTIVE VEdate, whichev

ath are basedars. For disabtirements, seto years. The nt Scale AA.

edited serviceervice transfel be credited

urchased serv

limited by the

e normal costState of Ohio

s and Method

Y3

% % 10%% 10%% 10%% 10%% 12%% 12%% 12%% 17%% 17%% 17%% 17%% 17%% 20%% 20%% 20%% 100%

ering DROP a

ESTED PARTver is later.

d on the RP20bility retirement back zero yerates are app

e on the valuaerred from othat the rate of vice.

IRC Section

t is increasedo.

ds

Years in DRO4

12% 12% 12% 12% 12% 12% 16% 16% 16% 16% 16% 20% 20% 20%

100%

after July 1, 20

TICIPANTS: C

000 Combinents, set forwaears for policeplied on a fully

ation date, asher municipal one year per

415, assume

d by all admin

OP 5

13% 13% 13% 13% 13% 15% 15% 15% 15% 15% 20% 20% 20%

100%

013, except t

Commenceme

ed Table, age-ard five years e and two yeay generationa

s provided by plans and pu

r year worked

ed to increase

istrative expe

6

15% 17% 217% 217% 220% 320% 320% 320% 320% 320% 420% 420% 4

100% 10

he rates for y

ent at age 48

-adjusted as for police and

ars for firefighal basis, with

OP&F, includurchased servd, with no assu

e 3.25 percen

enses budget

7 8

27% 27% 100%27% 100%35% 100%35% 100%35% 100%35% 100%35% 100%40% 100%40% 100%40% 100%00% 100%

years three an

and 25 years

follows. For ad three years hters. For a base year o

des all servicevice. The valuumed future c

nt per annum.

ed, net of the

20

% % % % % % % % % %%

nd four

s of

active for

of 2009,

e credited uation crediting

e State

TD(

U

Lnb

P

A

Oer

Ds

DD

M2

Mr

Table 9 Description oContinued)

UNKNOWN D

LATE REPORnot reported fobe reviewed a

PERCENT MA

AGE OF SPO

OPTIONAL FOelect the 50 pretiree’s bene

DEPENDENTspecific allowa

DEPENDENTDependency i

MEDICARE P2016) is assum

Year

2016

2017

2018

2019 and La

MEDICARE Preimbursemen

of Actuarial A

DATA FOR M

RTED SALARor the valuatioannually for fu

ARRIED: 75

OUSE: Wives

ORM ELECTercent Joint afit increases

T PARENTS: ance for chan

T CHILDREN:is assumed to

PART B PREMmed to increa

ater

PART B PREMnt once they r

Assumptions

EMBERS: S

RIES: 1.246 pon. This adjusuture late repo

percent of ac

are assumed

ION: 33 percand Survivor p17.65 percen

Costs basednge in depend

Each membo cease when

MIUM TRENDase as follows

Increase

5.30%

5.20%

5.10%

5.00%

MIUM REIMBreach age 65

s and Method

ame as those

percent load tostment is basorted salaries

ctive members

d to be three y

cent of servicepension. If tht.

d upon allowadency status.

ber is assumen the child is 2

D RATES: Ts:

BURSEMENT.

ds

e exhibited by

o 2015 reportsed on plan exs.

s are assume

years younge

e retirees andhe joint annuit

nce for morta

ed to have two22.

he Medicare

: 90 percent

y members wi

ted salaries toxperience for

ed to be marr

er than their h

d 10 percent otant predecea

ality (same rat

o children, bo

Part B premi

of members

ith similar kno

o account for the prior yea

ied.

husbands.

of disability reases the retire

tes as for ben

orn when the

ium subsidy (

are assumed

own characte

r salaries accrar. This adjus

etirees are asee, assume th

neficiaries), b

member was

($104.90 per

d to be eligible

21

ristics.

rued but stment will

ssumed to he

ut no

age 26.

month for

e for

TD(

M

Aa2li

Alit

Avsagoru

Abinp

P

D

Cttb

Table 9 Description oContinued)

METHODS

ACTUARIAL Cand actuarial 2015, to be coiabilities.

ADJUSTMENiability are incimes the re-e

ADJUSTMENvalue of specistatute to pay and pension fgovernments of 4.25 percenrequired to beusing the valu

ASSET VALUbetween the anterest rate) opercent of ma

PAYROLL GR

DATA

CENSUS ANDake into accoabulated in thbe consistent

of Actuarial A

COST METHaccrued liabilonsistent with

T FOR RE-Ecreased by anemployed retir

T FOR EMPLial employer cthe unfunded

funds that werto the Employnt, compounde made until 2uation interest

UATION METHactual investmover a period

arket value.

ROWTH: Infla

D ASSETS: Tount future mehe tables in thwith amounts

Assumptions

OD: Projectelity. Gains an

h the asset me

MPLOYED Rn amount for trees’ post-reti

LOYER ACCRcontributions d portion of thre merged to yers’ Accrued

ded semiannu2035. The pret rate.

HOD: A four-yment income a

of four years

ation rate of 3

The valuation embers. All chis report wers displayed du

s and Method

d benefit metnd losses are ethodology em

RETIREES: Tthe re-employirement contr

RUED LIABIL-- referred to

he actuarially-form OP&F in

d Liability. Inteually. Local goesent value o

year moving aand the expecs. The actuar

3.25 percent p

was based ocensus and ase summed toue to roundin

ds

thod with indivreflected in th

mployed by O

The present vyed retirees’ dribution balan

LITY: The actas “Local Fun

-determined lin 1967. The erest on the oovernments bf the remainin

average markcted income oial value shal

plus productiv

n members osset data was pennies, butg.

vidual level phe actuarial a

OP&F, DROP

alue of futuredefined contrices on the va

tuarial accruends.” Local giability of the ORC designa

outstanding bbegan repaymng payments

ket value of aon the marketll not be less t

vity increase r

of OP&F as ofs supplied by t displayed to

percentage enaccrued liabili

balances we

e benefits andibution plan baluation date.

ed liability is rgovernments local police aates this obligalance is bein

ment in 1969 aon the valuat

assets that spt value (basethan 80 perce

rate of 0.5 pe

f the valuationOP&F. Salawhole dollars

ntry age normty. Prior to Ja

ere netted out

d the actuariabenefit equal t

reduced by thare required

and firefightergation of the lng accrued atand paymentstion date is de

reads the diffd on the valuent or more th

ercent.

n date and dories and benes, thus, totals

22

mal cost an. 1, t of the

l accrued to two

e present by state

r’s relief ocal t the rate s are etermined

ference ation han 120

oes not efits s may not

TP

S

Tpt

M

Mmtso4

E

Fe

C

Eopto1

E

J

M

J

J

J

S

Table 10 Plan Summa

Summary of

The following parties shouldhis retiremen

Membership

Membership imunicipalities ime firefightesubdivisions. or have satisfa4765.55 or co

Eligibility for

Full-time policemployment a

Contributions

Employer andofficers pay 19percent of salo 10.75 perce12.25 percent

Employer Con

Time F

Jan 1, 1986 th

Member Cont

Time F

July 2, 2015 a

July 2, 2014 th

July 2, 2013 th

Sept. 9, 1988

ry

Benefit and

is intended tod not rely on tt plan.

n OP&F is maand appointers employed In order to be

actorily componducted unde

r Membership

ce officers or fas a full-time p

s

d member con9.5 percent oary through Jent. The memt on July 2, 20

ntribution Rat

Frame of Rat

hru Present

tribution Rate

Frame of Rat

and Thereafte

hru July 1, 20

hru July 1, 20

thru July 1, 2

Contribution

o summarize his summary

andatory unded under the rby Ohio muniecome memb

pleted, a firefiger Section 37

p

firefighters arpolice officer

ntributions aref salary; emp

July 1, 2013. mber contribu015.

es – Percenta

tes

1

s – Percentag

es

er 1

015 1

014 1

2013 1

n Provisions

the key provias a substitu

er Ohio Law frequired statuicipalities, towbers of OP&Fghter training 37.33 of the O

re eligible for or firefighter.

e established loyers of firefOn July 2, 20

ution rate incre

age of Active

Police

19.50%

ge of Active M

Police

2.25%

1.50%

0.75%

0.00%

sions valued ute for or lega

for all full-timeutory provisiownships, villag, full-time firecourse appro

ORC.

membership

by statute anfighters pay 2013 the membeased annual

Member Pay

e

24.

Member Payro

12.2

11.5

10.7

10.0

in this valuatl interpretatio

e police officens. Membersges, joint fire

efighters are reoved under fo

in OP&F imm

nd both are du24 percent of sber contributiolly by 0.75 pe

yroll:

Fire

00%

oll:

Fire

25%

50%

75%

00%

tion. Memberon of the laws

ers employedship is also mdistricts or otequired to sa

ormer Section

mediately upo

ue monthly. Esalary. Membon rate increa

ercent until it r

rs of OP&F an and rules co

d by Ohio mandatory for ther political atisfactorily con 3303.07, Se

n commence

Employers ofbers contribuased by 0.75 reached the c

23

nd other vering

all full-

omplete, ection

ment of

f police ted 10 percent

current

TP(

B

S

Ulicm

So

N

Table 10 Plan SummaContinued)

BENEFITS

Service Retir

Upon attainingifetime monthcommuted anmember’s ave

Since averageor compensat

For Oan avhighe

For Oan avyears

A “sal2013,averacredit

Normal Servi

Eligib

o

o

Bene

An an2.5 peand 1the al

ry

rement

g a qualifyinghly pension. Od actuarially r

erage annual

e annual salation may be u

OP&F membeverage of the tst years occu

OPF membersverage of the f occurred.

lary benchma under which

age annual sat as of July 1,

ice Retireme

bility

For memb52 with at

For membage is 48 w

fit

nnual pensionercent for eac.5 percent folowable avera

age with suffOP&F offers freduced. Eacsalary.

ry is subject tsed in the ca

rs with 15 or three years ourred.

s with less thafive years of h

ark” is establis certain incre

alary. This be2013.

ent

ers hired intoleast 25 year

ers hired intowith 25 years

n equal to a pch of the first or each year oage annual sa

ficient years ofour types of sch type has d

to certain statlculation. OP

more years of highest allow

an 15 years ofhighest allowa

shed for memases are exc

enchmarking d

o an OP&F-cors of service c

o an OP&F-coof service cre

ercentage of 20 years of s

of service in ealary is paid a

of service, a mservice retirem

different eligib

tutory and adP&F calculate

of service credwable earning

f service credable earnings

mbers with 15 luded from sadoes not appl

overed positiocredit.

overed positioedit.

the allowableservice, 2.0 pexcess of 25 after 33 years

member of OPment: norma

bility guideline

ministrative lis allowable a

dit as of July 1gs, regardless

dit as of July 1s, regardless

or more yearalary for the ply to members

on after July 1

on on or befor

e average annpercent for ea years. The

s of service.

P&F may retial, service comes and is calcu

imitations, noaverage annua

1, 2013, avers of when in t

1, 2013, averaof when in th

rs of service cpurpose of des with less th

, 2013, minim

re July 1, 201

nual salary. Tach of the nexmaximum pe

re and receivmmuted, age/ulated using t

ot all salary, eaal salary as fo

rage annual stheir career th

age annual saeir career the

credit as of Jutermining alloan 15 years o

mum retireme

3, minimum r

The percentaxt five years oension of 72 p

24

ve a /service the

arnings, ollows:

salary is he

alary is e highest

uly 1, owable of service

nt age is

retirement

ge equals of service, percent of

TP(

S

A

A

Table 10 Plan SummaContinued)

Service Com

Eligib

o

o

Bene

An anof full

Age/Service

Eligib

Age 6

Bene

An an

Actuarially R

Eligib

For m

Bene

An anage 5

ry

muted Retire

bility

For membage is 52, date of the

For membretirement and 25 yea

fit

nnual pensionyears of serv

Commuted R

bility

62, 15 years o

fit

nnual pension

Reduced

bility

members hired

fit

nnual pension52.

ement

ers hired intothey must ha

eir full-time hir

ers hired intoage is 48, the

ars have elap

n equal to 1.5 vice credit (up

Retirement

of service cred

n that uses the

d into an OP&

n reduced to t

o an OP&F-coave at least 15re.

o an OP&F-coey must have

psed from the

percent of thp to 25 years)

dit and still wo

e same formu

&F-covered po

he actuarial e

overed positio5 years of ser

overed positioe at least 15 y

date of their

e allowable a).

orking as a fu

ula as for the

osition after J

equivalent of t

on after July 1rvice credit an

on on or beforyears of servicfull-time hire.

average annu

ull-time police

Normal Servi

July 1, 2013, a

the amount p

, 2013, the mnd 25 years h

re July 1, 201ce credit and .

al salary mult

e officer or fire

ice Retiremen

age 48 with 2

payable had th

minimum retirehave elapsed

3, the minimu25 years of s

tiplied by the

efighter.

nt benefit.

25 years of se

he member re

25

ement from the

um service

number

ervice.

etired at

TP(

R

Table 10 Plan SummaContinued)

Rights Upon

Defer

If a mleaveof the

Refun

Upon the eEmplo

Term

Bene

Sameminim

o

o

Term

Bene

Sameminim

o

o

ry

Separation F

rred Pension

member meets service befo

e qualifying ag

nd of Employ

separation fremployee shaoyer contribut

ination Befo

fit

e as the Normmum retiremen

For memb52.

For membage is 48.

ination Befo

fit

e as the Sermum retiremen

For membage is 52.

For membretirement

From Service

n

ts the years ore attaining tge and filing th

yee Contribu

rom service, aare of membtions are not

ore Retiremen

mal Service Rnt age.

ers hired into

ers hired into

ore Retiremen

rvice Communt age and 25

bers hired into

bers hired intage is 48.

e

of service crthe minimum he appropriat

utions

a member caber contributiorefundable.

nt With 25 Ye

Retirement be

o an OP&F-co

o an OP&F-co

nt With 15 Ye

uted Retireme5 years have e

o an OP&F-c

to an OP&F-

edit required retirement ag

te paperwork

n receive theons picked-u

ears of Servi

enefit, except

overed positio

overed positio

ears of Servi

ent, except belapsed from

covered posit

-covered pos

for any of thge, a pensionwith OP&F.

e contributionsup on the me

ice Credit

t benefit com

on after July

on on or befor

ice Credit

benefit comm the date of fu

tion after July

sition on or b

he service ren becomes pa

s that he or sember’s beh

mences once

1, 2013, mini

re July 1, 201

mences once ull-time hire.

y 1, 2013, th

before July 1

etirement penayable upon a

he made to thalf by their

e the membe

mum retirem

3, minimum r

the membe

he minimum r

1, 2013, the

26

nsions but attainment

he plan or employer.

er reaches

ent age is

retirement

r reaches

retirement

minimum

TP(

D

Table 10 Plan SummaContinued)

Term

Bene

A lum

Deferred Ret

Eligib

Whenand c

o

o

Bene

DROPis calcnormaOP&Fmemb

o

o

The DintereNote perceNote quarte

ry

ination Befo

fit

mp sum amoun

irement Opti

bility

n a member iscontinuing to w

For membeligibility is

For membretirement

fit

P is a cost neculated as if tal salary, the F on their behber’s pension

The years

If a membeetc., it will receiving a

DROP interesest to all DROBusiness Day

ent. This variarate for the laer.

ore Retiremen

nt equal to the

ion Plan

s eligible for awork as a full-

ers hired intos age 52 with

ers hired intoeligibility is a

eutral benefit ohat were theiamount they

half, as well as has already

of DROP ser

er earns a hignot be used t

a higher pens

t rate is set bP balances ey Series, as pable interest rast trading bus

nt With Less

e sum of the

a normal serv-time police o

o an OP&F-coat least 25 ye

o an OP&F-coage 48 with at

offered by OPr date of retirewould have rs a portion of been calculat

rvice do not a

gher salary afto recalculatesion upon retir

y administrateach month atpublished by trate is adjustesiness day of

s Than 15 Yea

member’s co

ice retiremenofficer or firefig

overed positioears of servic

overed positiot least 25 yea

P&F. Upon thement. Whilereceived in retheir OP&F e

ted:

apply towards

fter their DROe their pensionrement.

ive rule and ist a rate equal the U.S. Depaed quarterly tof the precedin

ars of Servic

ontributions to

t they can enghter.

on after July 1ce credit.

on on or beforrs of service

he DROP effee the membe

etirement beneemployee con

the member’

OP effective dn and, therefo

s subject to c to the 10-yeaartment of theo match the p

ng quarter and

ce Credit

o OP&F.

nter DROP by

, 2013, norm

re July 1, 201credit.

ective date, thr continues toefits accumulntributions an

’s normal serv

ate due to a rore, will not re

change at anyar United State Treasury, wpublished 10-yd is in effect f

y delaying reti

al service ret

3, normal ser

he member’s po work and drates tax-defed interest. Si

vice retiremen

raise, job proesult in that m

y time. OP&Ftes (U.S.) Tre

with a cap of fiyear U.S. Trefor the subseq

27

rement

irement

rvice

pension raw their erred at ince the

nt.

motion, member

F credits easury ve

easury quent

TP(

Table 10 Plan SummaContinued)

Membcost-oDROPDROPyear. during

Membservicapplie

Years

Years

Year 4

Years For thmaxim

If fochwTmD

If beto

For thcontri

Years

Years

Year

Years

ry

bers whose eof-living allowP is effective P, but only wh Those membg DROP will r

ber contributioce. For thosees contribution

s of DROP Se

s 1-3

4-5

s 6-8

his group of mmum is eight.

a member teorfeits all of thhoose to term

withdraw any ohe only excep

member’s survDROP accoun

a member chenefits and re

o include the s

hose memberbutions are a

s of DROP Se

s 1-2

3

s 4-8

lection to parwances (COLA

on or before Jhen they reacbers whose ereceive three

ons are credite members whns to DROP i

ervice

members, the

erminates empheir DROP intminate employof the funds inption to this ruviving spouset balance det

hooses to coneceives the Nservice credit

rs whose elecapplied to DRO

ervice

rticipate in DRA) at any timeJuly 1, 2013 w

ch 55 years ofenrollment datpercent of the

ted to their DRhose election n the followin

minimum par

ployment withterest. In addiyment before n their DROP ule is if the m, designated termined at th

ntinue workingormal Service

t earned durin

ction to particiOP under the

ROP is effective during DROPwill continue tf age and havte into DROPeir base pens

ROP accountto participate

ng manner:

Percenta

50 perce

75 perce

100 perc

rticipation in D

hin the first fivition to losing completing thaccount untilember dies dbeneficiary o

he time of dea

g after eight ye Retirement ng the DROP

pate in DROPe following sch

Percenta

50 perce

75 perce

100 perc

ve after July 1P. Members to receive a cve been partic

P qualify themsion.

t based on thee in DROP is

age of Memb

nt of member

nt of member

ent of membe

DROP, withou

ve years of joi their accumuheir required l the minimum

during the minr estate, as a

ath.

years in DRObenefit upon participation

P was on or bhedule:

age of Memb

nt of member

nt of member

ent of membe

1, 2013 do nowhose electi

cost-of-living acipating in DR

m for a cost-of-

e number of yeffective afte

ber Contribut

r’s contributio

r’s contributio

er’s contributi

ut penalty, is f

ining DROP, ulated interesparticipation

m participationnimum participapplicable will

OP, the memb retirement, wperiod.

before July 1,

ber Contribut

r’s contributio

r’s contributio

er’s contributi

ot qualify for aon to participallowance duROP for at lea-living allowa

years of DROr July 1, 2013

tions

ons

on

ions

five years and

then the memst, members wperiod cannon period has epation period receive the e

er forfeits all which will be c

2013, memb

tions

ons

on

ions

28

annual ate in ring ast one nce

OP 3, OP&F

d the

mber who t expired. . The entire

DROP calculated

ber

TP(

Table 10 Plan SummaContinued)

For thmaxim

If fochwTmD

If bca

All DRdetermwhen annui

If a mestatespousthe timapplicat dea

If the choosthe diservic

ry

his group of mmum is eight.

a member teorfeits all of thhoose to term

withdraw any ohe only excep

member’s survDROP accoun

a member chenefits and realculated to in

ROP membermined at the teligible. Thesty.

ember dies we will receive se or contingeme of DROP cable) to the dath. All other

member becose either to resability benef

ce credit durin

members, the

erminates empheir DROP intminate employof the funds inption to this ruviving spouset balance det

hooses to coneceives the Nnclude the se

rs retiring befotime of DROPse members w

while participathe entire DRent dependenentry or the Ndate of death,statutory dea

omes disableeceive a disabfit, the membeng the DROP

minimum par

ployment withterest. In addiyment before n their DROP ule is if the m, designated termined at th

ntinue workinNormal Serviceervice credit e

ore the eight-P entry, with twill also rece

ating in DROPROP account nt beneficiary Normal Servic, paid as if theath benefits w

ed while in DRbility benefit oer forfeits all Dperiod includ

rticipation in D

hin the first thition to losing completing thaccount untilember dies dbeneficiary o

he time of dea

ng after eight e Retirementearned during

year max reche COLA adjive the DROP

P, the membebalance detewill receive th

ce Retiremente member had

will apply.

ROP, and hasor a service reDROP benefi

ded.

DROP, withou

ree years of j their accumuheir required l the minimum

during the minr estate, as a

ath.

 years in DROt benefit upong the DROP pa

ceive their Noustment (if ap

P account bal

er’s surviving rmined at thehe greater of t benefit paid d elected a 5

s not terminateetirement withits and receiv

ut penalty, is t

joining DROPulated interesparticipation

m participationnimum participapplicable will

OP, the membn retirement,articipation p

rmal Service pplicable) to dlance as a lum

spouse, desige time of deaththe retiremenwith COLA a0 percent join

ed employmeh DROP. If thves the disabi

three years a

P, then the mest, members wperiod cannon period has epation period receive the e

ber forfeits al which will beperiod.  

Retirement bdate of retiremmp sum or mo

gnated benefh. The survivnt allowance madjustments (int and survivo

ent, the membhe member chlity benefit, w

29

and the

ember who t expired. . The entire

l DROP e 

benefit ment onthly

ficiary or ving made at f

or option

ber must hooses

with

TP(

D

P

P

N

Table 10 Plan SummaContinued)

Disability Be

Membmay qnon-sevalurequirbasednot be

Permanent a

Eligib

No ag

Bene

An an

Partial Disab

Eligib

No ag

Bene

If the be a cmore amou

Non-Service

Eligib

Any a

Bene

An anallowadisab

ry

nefits

bers who becqualify for disaservice-incurreations are reqrements for a d upon an OPe cost effectiv

nd Total Dis

bility

ge or service

fit

nnual benefit e

ility (On-Dut

bility

ge or service

fit

member has certain percenyears of servnt.

Incurred Dis

bility

age and five y

fit

nnual amount able average ility award.

ome unable tability benefited (off-duty) aquired for disaNormal Serv

P&F physicianve. Annual ea

ability (On-D

requirement.

equal to 72 p

ty)

requirement.

less than 25 nt up to 60 pevice credit, the

sability (off-D

years of servic

is the percenannual salary

to perform thets. Disability band differ in eability benefit

vice Retiremen’s certificatioarnings statem

Duty)

ercent of the

years of servercent of the ae annual disa

Duty)

ce credit.

nt awarded byy. Service ov

eir official dutibenefits are c

eligibility requirecipients whnt, unless then that the disments are als

allowable ave

vice credit an allowable avebility benefit i

y the Board ofver 25 years c

ies and whosclassified as eirements andho would not e Board of Truability is ongo

so required to

erage annual

annual beneferage annual is equal to the

f Trustees ancannot be use

se earning capeither service benefit formuhave met the

ustee waives oing and furth be submitted

salary.

fit fixed by thesalary. If thee Normal Ser

nd my not exced in calculati

pacities are im-incurred (on-ulas. Annual e age and serthis requirem

her evaluationd to OP&F.

e Board of Tre member hasrvice Retireme

ceed 60 perceing an off-dut

30

mpaired -duty) or medical

rvice ment n would

ustees to s 25 or ent

ent of the ty

TP(

P

S

Table 10 Plan SummaContinued)

Pre-Retireme

Eligib

Upon Retire

Bene

The sand sfollow

Statutory Sur

Eligib

Upon

Bene

Surviv

An anbase

If the survivprovidwho dentitleeligibielecte

Surviv

An anwhichdepenor rec

ry

ent Survivor

bility

death beforeement or an A

fit

surviving spouurvivor annui

wing his/her de

rvivor Benef

bility

death of any

fit

ving Spouse’s

nnual amount benefit, paid

spouse is recvor benefit is $des special bedie from injuried to receive tility date. Theed by the mem

ving Child’s B

nnual amount hever occurs fndent disablecovery from d

Annuity

e retirement, bAge/Service C

use or contingty, calculatedeath.

fits

active or reti

s Benefit

equal to $6,6each July 1, b

ceiving a full d$4,920 ($410enefits to eliges or diseasethe member’sese death benmber.

Benefit

equal to $1,8first. The payd child, regarisability. A C

but after havinCommuted ret

gent depended under the as

red member o

600 ($550 mobeginning Jul

death benefit 0 monthly). Thible survivors

e incurred in ts full monthly nefit payment

800 ($150 moyment can conrdless of age OLA of three

ng satisfied thtirement.

ent beneficiaryssumption tha

of OP&F.

onthly), plus aly 1, 2000. Th

under the Dehe Death Bens of public safhe performansalary, whichts are in addit

onthly), payabntinue to an uat time of mepercent of th

he requiremen

y will receive at the decede

an annual COhe benefit is p

eath Fund Benefit Fund is ffety officers wnce of official h will be reduction to any op

ble until such unmarried fullember’s deathhe original bas

nts for a Norm

the equivalenent had retired

OLA of three ppaid to the su

nefit statute, tfunded by the

who are killed duties. Thesced at the meptional payme

child attains al-time studenth, is entitled tose is payable

mal Service

nt of a 50 percd effective the

percent of the urviving spous

the spouse’s e State of Ohi

in the line of se eligible surember’s retireent plan bene

age 18 or mat until age 22.o a benefit uneach July 1.

31

cent joint e day

original se for life.

statutory o and duty or

rvivors are ement fits

arries, . A ntil death

TP(

WM

D

S

O

T

SCOT

Table 10 Plan SummaContinued)

Depe

If therpayabdepen

SuWidow / WidoMinor child

Dependent dis

Student

One depende

Two depende

Benefit TSpouse * Child One Parent Two Parents

* Spsta

** Onwaunwa

*** Onpepri$4

**** Onincpluinc

ry

ndent Parent

re is no survivble to one depndency cease

urvivors ower

sabled child

nt parent

nt parents

Type

pouse’s beneatute. There

n July 1, 2000as a percentanused prior incas $16.50 or t

n July 1, 2000ercentage of tior increases,

4.50 or three p

n July 1, 2000crease was a us unused pricrease was $6

ts’ Benefit

ving spouse opendent parees or remarria

currecurre

curre

curre

curre

½ cu+ fut

Base Mo

Benefit Am$550 150 200 100

fit is $410 if is no annual

0 the Statutoryage of the origcreases, to a three percent

0 the Statutoryhe original be, to a maximupercent of bas

0 the Statutorypercentage oor increases,6.00 or three

or dependent nt or $1,200 (

age. A COLA

Monthly ent amount + ent amount +

ent amount +

ent amount +

ent amount +

urrent amountture COLA

nthly mount

A

0 0 0 0

spouse is reincrease on t

y Surviving Sginal benefit a

maximum of of the base b

y Child Benefenefit amountum of three pese benefit.

y Surviving Oof the original to a maximupercent of ba

children, an a($100 monthly

A of three perc

Pension future COLAfuture COLA

future COLA

future COLA

future COLA

t (each)

Base MonthAmount Plus

Through Ju$809.6 220.8 294.4 147.2

eceiving a fuhis benefit pa

pouse Benefiamount, equa

three percenbenefit.

fit increased bt, equaling theercent. Every

One Parent Be benefit amoum of three pe

ase benefit.

annual amouny) each to twocent of the ori

A * DeatA * Deat

* Marr* Attai

A * Deat* Reco

A * Deat* Marr* Attai* Loss

A * Deat* Re-m* Term

ly Benefit s Increases ly 1, 2015 60 ** 80 *** 40 **** 20

ull death benayment.

it increased bling the perce

nt. Every yea

by $3.30 per e percentage y year after 20

enefit increasunt, equaling ercent. Every

nt of $2,400 (o dependent iginal base is

Causes of Tth th riage inment of ageth overy from disth riage inment of ages of student stth marriage mination of de

Monthly IncJul

$

nefit under th

by $12.10 perentage increar after 2000, t

month. This increase in th

000, the mont

ed by $4.40 pthe percenta

y year after 20

($200 monthlyparents for lifpayable eac

Termination

e 18

sability

e 22 tatus

ependency

creases Effely 1, 2016 $16.50 4.50 6.00 3.00

e Death Fun

r month. Thisase in the CPIthe monthly in

increase washe CPI plus uthly increase

per month. Tge increase i000, the mont

32

y) is fe or until h July 1.

ective

nd Benefit

s increase I plus ncrease

s a unused was

his n the CPI thly

TP(

L

A

Eobpm

A

Table 10 Plan SummaContinued)

Lump Sum D

Eligib

Upon

Bene

A lumdesigestate

ANNUITIES

Effective Feb.optional annubenefits undeplan. The optmember’s dea

Annuity Type

Singl

For unthe spthe mcontin

Joint

Undeactua

Any pcontinbenefperceIf the than tchoicefollowmemb

ry

Death Benefit

bility

death of any

fit

mp sum paymenated benefice.

28, 1980, fority plans can r a joint and stional annuity ath.

es

e Life Annui

nmarried mempouse consen

member is entinued to any b

and Survivo

r this plan, a rially reduced

percentage benued to the suficiary’s age.

ent JSA continmember wanthe spouse ore. This plan a

wing OP&F’s rber’s spouse

t

retired or dis

ent of $1,000 ciary. If there

r those membbe chosen, s

survivor annuplans allow t

ty

mbers, this is nts to the seletled to receiveneficiary.

or Annuity (J

member desid benefit is co

etween one purviving desigIf a member

nuing one-halnts to select ar less than 50automaticallyreceipt of notior a specific c

sabled membe

is paid to thee is no survivin

bers who are ubject to certity, life annuit

the member’s

the standardection in writinve and, upon t

SA)

gnates that, uontinued to a s

ercent and 10gnated beneficis married at f of the memb plan which p

0 percent JSAy terminates uce of death, ocourt order, a

er of OP&F.

e member’s sung spouse or

retiring on eittain limitationsty certain ands beneficiary(i

annuity planng. This plan the member’s

upon his or hesurviving des

00 percent of ciary, but the the time beneber’s reducedprovides for thA to the spous

pon death of or it may be cat which point

urviving spoubeneficiary, t

ther a services. The membd continuous, ies) to receive

. Married me pays the ma

s death, none

er death, a cesignated bene

the member’percent contefits are elect

d monthly benhe continuatiose, the spouse

the beneficiacancelled upo

the annuity r

use or, if no suthen it is paid

e pension or aber can elect or multiple be

e a lifetime pa

embers may eximum retirem

e of the pensio

ertain percenteficiary for life

’s reduced petinued may beted, the standnefit to his or on of benefits e must conseary, to be effeon divorce withreverts to the

urviving spoud to the memb

a disability beactuarially reeneficiary annayment upon

elect this planment allowanon or benefit

tage of the m.

ension may bee limited basedard plan is a her surviving for someone

ent in writing tctive the monh the consentsingle life an

33

se, to a ber’s

enefit, duced nuity the

n only if ce that is

ember’s

e ed on the 50 spouse.

e other o this nth t of the nuity to

TP(

T

Memaatem

Ubrb

Twm

Table 10 Plan SummaContinued)

the mof the

Multip

Undeof reticontinthe sppayab

Life A

This pthe mis fivethe bebenefretiremperce

Tiered Retire

Members retireligible to selemonthly pensiand vacation cand these meerminal paymeligible to recemember with f

Under the CObenefits for atreceiving a CObeneficiaries u

The COLA amwho are receivmember’s bas

ry

member. Electe beneficiary.

ple Beneficia

r the multiple rement so tha

nued to the supouse must cble to the spo

Annuity Certa

plan provides member dies ae years and theneficiary for fits commencment, the spo

ent JSA payab

ement Plan –

ring on or afteect between twion benefit is compensationmbers are no

ments are not eive COLA infewer than 15

OLA method, mt least one yeOLA does notunder optiona

mount for memving a pensiose pension be

ted option ma

ary Annuity

beneficiary aat, upon deaturviving benefonsent in writuse.

ain and Cont

a lifetime alloand the periodhe maximum ithe guarantee, with the co

ouse must conble to the spo

COLA or Te

er July 24, 19wo different pcalculated usn to increase ot eligible to reincluded in thcreases. The5 years of ser

members whoar are eligiblet apply to thosal plans and s

mbers who haon benefit thatenefit.

ay be cancelle

annuity plan, ath, a certain pficiaries for thting for an an

tinuous (LAC

owance to thed elected by this 20 years. 1e period sele

onsent of the bnsent in writinuse.

erminal Pay (

86, who had pension calcusing terminal pthe amount oeceive cost-ohe calculatione COLA methrvice as of Jan

o are at least e for cost-of-lise who are restatutory survi

ave 15 or mort became effe

ed within one

a member mapercentage of heir lives. If tnuity selectio

CC)

e member andhe member h00 percent ofcted. Electedbeneficiary. Ing for an annu

Non-COLA)

15 or more yeulation plans. payouts at theof the averagef-living allowa

n of a memberhod is the auton. 1, 1989.

55 years old ving allowanc

eceiving a perivors.

re years of seective before

e year after be

ay designate the member’

the member ison that provide

d will only be has not expiref the memberd option may If the membeuity selection

ears of servic Under the tee time of retire annual salaance adjustmr’s average aomatic calcul

and have bece adjustmenrmanent and

ervice credit aJuly 1, 2013 w

enefits comme

up to four ben’s actuarially rs married at tes for less tha

paid to a desed. The minimr’s reduced pebe cancelled r is married athat provides

ce credit as oferminal pay mrement such aary, but subjecents. Under

annual salary, ation method

en receiving Onts. The age 5total disability

as of July 1, 2will be equal

ence, with the

neficiaries at reduced benethe time of retan 50 percent

signated benemum guaranteension contin within one-ye

at the time of s for less than

f Jan. 1, 1989method, a memas accrued sict to certain lithe COLA me but the mem for any activ

OP&F pensio55 provision fy benefit, surv

013 and memto three perce

34

e consent

the time efit is tirement, t JSA

eficiary if ee period nues to ear after

n a 50

9, are mber’s ck leave mitations, ethod,

mber is ve

on for viving

mbers ent of the

TP(

Twbcim

Mcin

R

EinTOdsin$r

G

CasT

Eslanrrbv

EHtpt

Table 10 Plan SummaContinued)

The COLA amwhose pensiobase pension consumer pricmmediately p

Members whocost-of-living ancrease is $3

Re-employed

Effective Junen an OP&F coThe employerOhio law allowduring the pershe can choosnterest, or a l$25, the memrequired befor

Group Health

Commencing all of the cost sponsored by Trustees.

Effective Jan. statutory maxaw, OP&F is not less than $recipient for thretiree or survbegin. Note: valuation resu

Effective July Health Care She rising costpay a percenthemselves an

ry

mount for memon benefit bec

benefit wherece index, if anpreceding yea

o retired prior allowance inc360 under a S

d Retiree’s D

e 30, 1991, evovered positior pays the norws the memberiod of re-empse to receive ifetime annuit

mber may onlyre payment ca

h Insurance a

Jan. 1, 1974of the premiuOP&F are no

1, 1977, OP&imum providerequired to pa$96.40, with the coverage. viving beneficThis benefit i

ults.

1992, retireeStabilization Ft of health cartage of the fulnd dependent

mbers who hacame effectivee the percentny, over the twar, rounded to

to July 24, 19creases. The Single Life Ann

efined Contr

very person won must contrrmal rate as wer to receive ployment, plueither a lumpty paid month

y select the luan occur.

and Medicare

, the Board ofum for the covot vested righ

&F is mandated the benefitay monthly tothe exception Once OP&Fiary of their eis not include

s and survivoFund. These re. In 2004, all cost of the bts based on t

ave less than e on or after Jtage is the leswelve-month po the nearest o

986 or their sannual incre

nuity Plan wit

ribution Plan

who is retired ribute to OP&well. If the re-a lump sum ps interest. If t

p sum paymenhly. If, after cmp sum paym

e

f Trustees maverage to be phts and are su

ted to pay thet recipient is no each recipien that OP&F c obtains the pnrollment in td in the princ

ors make moncontributions a new contribbenefit. The phe year of ret

15 years of sJuly 1, 2013, wsser of three pperiod that enone-tenth of o

urviving benease is paid onth proportiona

n Benefit

under an Ohi&F at the sam-employed mepayment of pothe member wnt in an amoualculation, the

ment option. I

ay contract fopaid by OP&F

ubject to chan

e premium for not eligible forent of service cannot pay anproper documthe Medicare cipal valuation

nthly medical are reviewedution strategypercentage ratirement.

service credit will be equal percent or thends on the thione percent.

eficiaries unden July 1st of eal reductions f

io public pense rate as otheember terminost-retirementwaits until agunt equal to twe member’s lif the member

or group healtF. Medical annge at any tim

r supplementar reimbursembenefits, disa

n amount thatmentation from

program, Men results, but i

benefit contrid on an annuay was implemanges from 25

as of July 1, to a percentae percentage irtieth day of S

er optional plaeach year. Tfor optional p

sion plan ander police officnates employmt employee coe 60 to receivwice his or heifetime monthr is married s

h insurance ond prescriptio

me upon action

al Medicare (Pent from any

ability benefitst exceeds the m the service edicare (Part Bis included in

ibutions, whical basis to de

mented. Retire5 percent to 1

2013, and meage of the meincrease in th

September of

ans are entitlehe annual CO

payment plans

d who is re-emcers or firefighment before aontributions mve this benefiter contributionhly annuity is pousal conse

on the basis oon drug covern of the Board

Part B) up to other source

s and survivo amount paidretiree, disabB) premium p the retiree he

ch are creditetermine adeqees and survi100 percent fo

35

embers mber’s he f the

ed to OLA s.

mployed hters. age 60, made t, he or ns, plus less than

ent is

of part or rage d of

the s. By r benefits by the

bility payments ealth care

ed to the quacy with ivors now or

TS A

P

F

T

Table 11 Summary of

Active Memb

POLICE

Number o

Annual Sa

Average A

Average A

Average S

FIREFIGHTE

Number o

Annual Sa

Average A

Average A

Average S

TOTAL

Number o

Annual Sa

Average A

Average A

Average S

Membership

bers

Item

of Members

alaries

Annual Salary

Age

Service

ERS

Item

of Members

alaries

Annual Salary

Age

Service

Item

of Members

alaries

Annual Salary

Age

Service

p Data as of J

$

y $

$

y $

$

y $

Jan. 1, 2016

Male

13,

976,668,

73,

4

1

Male

12,

920,902,

74,

4

1

Male

25,

1,897,570,

73,

4

1

352

039 $

148 $

42.2

15.0

391

162 $

320 $

43.0

15.6

743

201 $

712 $

42.6

15.3

Female

1,36

97,466,14

71,29

42.

14.

Female

33

23,807,95

70,85

42.

13.

Female

1,70

121,274,10

71,21

42.

14.

7

8 1$

9 $

3

8

6

2 $

7 $

0

4

3

0 2$

2 $

3

5

Total

14,719

1,074,134,187

72,976

42.2

15.0

Total

12,727

944,710,114

74,229

43.0

15.5

Total

27,446

2,018,844,301

73,557

42.6

15.3

36

9

7

6

2

0

7

4

9

0

5

6

1

7

6

3

TS( I

P

F

T

Table 11 Summary of Continued)

nactive Mem

POLICE

Eligible for

Eligible for

Total

FIREFIGHTER

Eligible for

Eligible for

Total

TOTAL

Eligible for

Eligible for

Total

Membership

mbers

Item

r Allowances

r Refunds Onl

RS

Item

r Allowances

r Refunds Onl

Item

r Allowances

r Refunds Onl

p Data as of J

y

y

y

Jan. 1, 2016

Male

140

2,242

2,382

Male

83

666

749

Male

223

2,908

3,131

Fem

Fem

Fem

male

11

341

352

male

2

62

64

male

13

403

416

Total

15

2,58

2,73

Total

8

72

81

Total

23

3,31

3,54

51

83

34

85

28

13

36

11

47

37

TS(

R

P

F

T

Table 11 Summary of Continued)

Retirees and

POLICE

Service R

Survivors

Disability

Total

FIREFIGHTE

Service R

Survivors

Disability

Total

TOTAL

Service R

Survivors

Disability

Total

Membership

Beneficiarie

Item

Retirees

and Beneficia

Retirees

ERS

Item

Retirees

and Beneficia

Retirees

Item

Retirees

and Beneficia

Retirees

p Data as of J

es

aries

aries

aries

Jan. 1, 2016

Number

8,048

4,424

3,754

16,226

Number

6,207

3,406

2,563

12,176

Number

14,255

7,830

6,317

28,402

AnnuaAllowan

367,94$

46,44

142,55

556,94$

AnnuaAllowan

281,65$

35,64

101,69

418,98$

AnnuaAllowan

649,59$

82,09

244,24

975,92$

alnce

43,845 $

47,832

53,118

44,795 $

alnce

51,653 $

42,356

90,113

84,122 $

alnce

95,498 $

90,188

43,231

28,917 $

A

A

A

Average

45,719$

10,499

37,974

34,324$

Average

45,376$

10,465

39,676

34,411$

Average

45,570$

10,484

38,664

34,361$

Allowance

Allowance

Allowance

AverageAge

67.9

71.3

62.2

67.5

AverageAge

68.8

73.7

64.5

69.3

AverageAge

68.3

72.3

63.1

68.2

38

e

e

e

EAN

P

N

Exhibit I Active MembNumber and

Police

Note: Exclude

Age

Under 25$

25-29$

30-34

$

35-39

$

40-44

$

45-49

$

50-54

$

55-59

$

60-64

$

Over 64$

Total$

bership Data Allowable A

es rehired reti

0-4 5-9

362$48,893

1,365$55,728 $72

827

$57,406 $72

330

$55,097 $71

131

$51,610 $68

59

$50,356 $64

22

$56,659 $62

16

$43,503 $62

6

$67,988 $48

252,856 78$

3,120 1$55,004 $70

as of Jan. 1,Average Annu

rees.

9 10-14

130,872

888 19

,460 $76,34

529 81

,043 $76,764

257 55

,209 $74,028

118 27

,639 $70,505

33 8

,987 $67,828

14 2

,329 $62,543

7

,693 $70,689

2,764 67,037$

,978 1,96,782 $74,445

, 2016 ual Salary

Yea

15-19

5 1

1 $97,967

3 304

4 $79,395

5 1,276

8 $78,082

9 781

5 $75,141

6 211

8 $73,016

7 58

3 $69,164

5 17

9 $68,817

2 57 59,561$

2 2,6535 $76,682

ars of Service

20-24 2

2

$82,889

408

$83,813 $

1,399

$81,949 $

510

$77,636 $

156

$71,241 $

53

$69,794 $

564,167$ $

2,533$80,433 $

25-29 30-3

5

$86,488

481

$86,328 $82

933

$84,934 $86

264

$79,056 $86

71

$76,813 $80

769,461 75$

1,761$84,049 $85

34 35-39

13

,281

249

,884 $80,415

280 3

,626 $89,209

75 2

,106 $89,383

10,354 91,786$

627 7,679 $88,847

40+

4

5

7 1

9 $81,795

7 5

3 $88,796

2 96 89,279$

0 157 $88,619

39

Total

362$48,893

1,495$57,219

1,911

$66,354

1,978

$72,030

2,632

$75,850

3,130

$78,656

2,048

$80,741

853

$78,418

266

$76,279

4473,700$

14,719$72,976

EAN( F

N

Exhibit I Active MembNumber and Continued)

Firefighters

Note: Exclude

Age 0

Under 25$4

25-29$5

30-34

$5

35-39

$5

40-44

$5

45-49

$5

50-54

$6

55-59

$5

60-64

$4

Over 64

Total$5

bership Data Allowable A

es rehired reti

0-4 5-9

25049,646

913 1755,166 $69,35

737 73

57,943 $70,73

343 49

58,208 $71,35

83 18

58,290 $71,95

31 7

58,955 $70,00

13 2

61,532 $67,66

3 1

54,731 $63,90

3

46,533 $59,30

61,38$

2,376 1,7156,068 $70,75

as of Jan. 1,Average Annu

rees.

10-14

7552

32 195

37 $75,262

99 684

51 $76,131

88 538

56 $74,290

75 253

07 $73,966

28 94

62 $71,916

10 33

09 $69,999

4 11

02 $73,872

1 582 72,951$ $

12 1,81354 $74,837

, 2016 ual Salary

Years of

15-19 20

2

$73,756

355

$78,376

1,059

$78,597 $82

754

$77,521 $83

277

$78,760 $80

95

$77,028 $80

20

$73,850 $75

180,094$ 74$

2,563$78,169 $82

f Service

0-24 25-29

280

2,841 $76,53

807 37

3,567 $86,03

586 75

0,726 $83,88

204 35

0,392 $80,93

48 8

5,291 $77,38

9 14,652 71,84$

1,934 1,582,019 $83,27

30-34

5

6

7 4

0 $94,149

7 268

2 $86,701

2 307

5 $84,664

3 82

0 $84,089

3 40 78,029$ $

7 6657 $85,431

35-39 40

8

$94,336

41

$89,533 $69

15

$87,211 $79

472,606$ 85$

68$88,590 $79

0+ Total

250$49,646

1,088$57,448

1,666

$65,611

1,881

$72,018

2,153

$76,705

2,301

$80,178

2,031

$81,766

2 1,047

9,143 $81,300

4 270

9,947 $78,615

3 405,518 74,278$

9 12,7279,403 $74,229

40

06

88

6

1

1

8

3

5

1

8

1

6

7

0

0

5

08

79

EAN( T

N

Exhibit I Active MembNumber and Continued)

Total

Note: Exclude

Age

Under 25$

25-29$

30-34

$

35-39

$

40-44

$

45-49

$

50-54

$

55-59

$

60-64

$

Over 64$

Total$

bership Data Allowable A

es rehired reti

0-4 5-9

612$49,201

2,278$55,503 $70

1,564 1

$57,659 $71

673 1

$56,683 $71

214

$54,201 $69

90

$53,318 $66

35

$58,469 $65

19

$45,276 $62

9

$60,837 $52

252,856 72$

5,496 3$55,464 $70

as of Jan. 1,Average Annu

rees.

9 10-14

305,853

,620 39

,681 $75,80

,028 1,49

,193 $76,475

445 1,09

,792 $74,157

193 53

,725 $72,15

61 18

,133 $69,963

24 6

,987 $66,644

11 1

,550 $72,877

3,970 71,26$

,690 3,77,769 $74,633

, 2016 ual Salary

Yea

15-19

0 3

1 $81,826

7 659

5 $78,846

3 2,335

7 $78,316

2 1,535

1 $76,310

0 488

3 $76,276

0 153

4 $74,047

6 37

7 $71,538

7 61 62,983$

5 5,2163 $77,413

ars of Service

20-24 2

2

$82,889

688

$83,418 $

2,206

$82,541 $

1,096

$79,288 $

360

$76,427 $

101

$72,406 $

1470,907$ $

4,467$81,120 $

25-29 30-3

10

$81,512

858

$86,197 $85

1,690

$84,463 $86

616

$80,130 $85

154

$77,119 $82

2071,008 76$

3,348 1$83,683 $85

34 35-39

17

,074

517 1

,789 $89,696

587 7

,600 $89,379

157 4

,186 $88,607

14,118 78,999$

,292 13,551 $88,72

40+

2

6

8 3

9 $73,360

2 9

7 $84,863

6 129 88,339$

8 241 $85,163

41

Total

612$49,201

2,583$57,315

3,577

$66,008

3,859

$72,024

4,785

$76,235

5,431

$79,301

4,079

$81,251

1,900

$80,006

536

$77,456

8473,975$

27,446$73,557

ERN P

Exhibit II Retiree and BNumber and

Police

G

Service Retir

MalesFemales

Subto

Survivors and

MalesFemales

Subto

Disability Ret

MalesFemales

Subto

Grand

Beneficiary MAnnual Retir

roup

rees

otal

d Beneficiaries

otal

tirees

otal

d Total

Membership rement Allow

Numb

7,6 3

8,04

1 4,2

4,4

3,2 4

3,7

16,2

Data as of Jwances

A

er

50 $ 98

48 $

70 $ 54

24 $

60 $ 94

54 $

26 $

an. 1, 2016

Annual Allowa

Basic

261,992,073 15,054,876

277,046,949

737,940 31,713,835

32,451,775

91,579,916 14,274,458

105,854,374

415,353,098

ances as of Ja

Cost-oIncr

87$ 3

90$

$ 13

13$

32$ 4

36$

14$

anuary 1, 2016

of-Livingreases

7,324,2533,572,643

0,896,896

283,272 3,712,785

3,996,057

2,497,9164,200,828

6,698,744

1,591,697

6

Tota

349,3$ 18,62

367,94$

1,02$ 45,42

46,44$

124,0$ 18,4

142,5$

556,94$

42

l

16,32627,519

43,845

21,21226,620

47,832

77,83275,286

53,118

44,795

ERN( F

Exhibit II Retiree and BNumber and Continued)

Firefighters

G

Service Retir

MalesFemales

Subto

Survivors and

MalesFemales

Subto

Disability Ret

MalesFemales

Subto

Grand

Beneficiary MAnnual Retir

Group

rees

otal

d Beneficiaries

otal

tirees

otal

d Total

Membership rement Allow

Num

6

6

3

3

2

2

12

Data as of Jwances

mber

6,165 $ 42

6,207 $

104 $ 3,302

3,406 $

2,461 $ 102

2,563 $

2,176 $

an. 1, 2016

Annual Allow

Basic

210,934,538 1,689,697

212,624,235

266,860 24,857,476

25,124,336

73,610,509 2,933,641

76,544,150

314,292,721

wances as of J

Cost-Inc

8 68$ 7

5 69$

0 $ 6 10

6 10$

9 24$ 1

0 25$

1 104$

January 1, 201

-of-Livingcreases

8,871,492155,926

9,027,418

111,019 0,407,001

0,518,020

4,528,506617,457

5,145,963

4,691,401

6

Tota

279,8$ 1,84

281,6$

3$ 35,26

35,64$

98,1$ 3,5

101,6$

418,9$

43

l

06,03045,623

51,653

77,87964,477

42,356

39,01551,098

90,113

84,122

ERN( T

Exhibit II Retiree and BNumber and Continued)

Total

G

Service Retire

MalesFemales

Subto

Survivors and

MalesFemales

Subto

Disability Ret

MalesFemales

Subto

Grand

Beneficiary MAnnual Retir

Group

ees

otal

d Beneficiaries

otal

irees

otal

d Total

Membership rement Allow

Num

13,

14,

7,

7,

5,

6,

28,

Data as of Jwances

ber

815 $ 440

255 $

274 $ 556

830 $

721 $ 596

317 $

402 $

an. 1, 2016

Annual Allow

Basic

472,926,611 16,744,573

489,671,184

1,004,800 56,571,311

57,576,111

165,190,425 17,208,099

182,398,524

729,645,819

wances as of J

Cost-Inc

1 15$ 3

4 15$

0 $ 1 2

1 2$

5 5$ 9

4 6$

9 24$

anuary 1, 2016

-of-Livingcreases

56,195,7453,728,569

59,924,314

394,291 24,119,786

24,514,077

57,026,4224,818,285

61,844,707

46,283,098

6

Tota

629,1$ 20,4

649,5$

1,3$ 80,6

82,0$

222,2$ 22,0

244,2$

975,9$

44

al

22,35673,142

95,498

99,09191,097

90,188

16,84726,384

43,231

28,917

ERN P

Exhibit III Retiree and BNumber and

Police

Age L

Service Ret

Under 6

60 - 64

65 - 69

70 - 74

75 - 79Over 79

Total

Survivors a

Under 6

60 - 64

65 - 69

70 - 74

75 - 79Over 79

Total

Disability R

Under 6

60 - 64

65 - 69

70 - 74

75 - 79Over 79

Total

Beneficiary MAverage Ann

Last Birthday

tirees

60

9

nd Beneficiar

60

9

etirees

60

9

Membership nual Allowan

y

ries

Data as of Jnce

Number

1,515

1,704

1,911

1,336

775 807

8,048

737

402

585

611

640 1,449

4,424

1,533

624

690

447

264 196

3,754

an. 1, 2016

AnnAllow

72,4$

85,9

94,1

60,5

30,4 24,4

367,9$

7,0$

4,8

6,9

6,7

6,6 14,1

46,4$

60,1$

25,5

26,6

16,2

8,7 5,1

142,5$

nualwance

411,997

952,773

187,356

512,052

440,816438,851

943,845

078,219

871,548

941,422

709,219

665,219182,205

447,832

181,624

504,329

655,385

275,716

754,226181,838

553,118

AveragAnnua

Allowan

47$

50

49

45

39 30

45$

9$

12

11

10

10 9

10$

39$

40

38

36

33 26

37$

gealnce

7,797

0,442

9,287

5,293

9,2780,284

5,719

9,604

2,118

,866

0,981

0,4149,788

0,499

9,257

0,872

8,631

6,411

3,1606,438

7,974

45

ERN( F

Exhibit III Retiree and BNumber and Continued)

Firefighters

Age L

Service Ret

Under 6

60 - 64

65 - 69

70 - 74

75 - 79Over 79

Total

Survivors a

Under 6

60 - 64

65 - 69

70 - 74

75 - 79Over 79

Total

Disability R

Under 6

60 - 64

65 - 69

70 - 74

75 - 79Over 79

Total

Beneficiary MAverage Ann

Last Birthday

tirees

60

9

nd Beneficiar

60

9

etirees

60

9

Membership nual Allowan

y

ries

Data as of Jnce

Number

1,158

1,304

1,237

925

660 923

6,207

500

208

319

417

491 1,471

3,406

868

441

488

349

238 179

2,563

an. 1, 2016

AnnAllow

57,1$

66,2

59,6

41,9

27,8 28,7

281,6$

5,1$

2,7

3,7

4,5

5,0 14,4

35,6$

34,5$

19,4

20,7

13,5

8,4 4,9

101,6$

nualwance

114,583

279,960

689,829

942,416

856,021768,844

651,653

121,124

770,730

773,557

553,110

013,946409,889

642,356

556,782

404,039

768,092

539,322

498,214923,664

690,113

AveragAnnua

Allowan

49$

50

48

45

42 31

45$

10$

13

11

10

10 9

10$

39$

44

42

38

35 27

39$

gealnce

9,322

0,828

8,254

5,343

2,206,169

5,376

0,242

3,321

,829

0,919

0,2129,796

0,465

9,812

4,000

2,558

8,795

5,7077,507

9,676

46

ERN( T

Exhibit III Retiree and BNumber and Continued)

Total

Age L

Service Ret

Under 6

60 - 64

65 - 69

70 - 74

75 - 79Over 79

Total

Survivors a

Under 6

60 - 64

65 - 69

70 - 74

75 - 79Over 79

Total

Disability R

Under 6

60 - 64

65 - 69

70 - 74

75 - 79Over 79

Total

Beneficiary MAverage Ann

Last Birthday

tirees

60

9

nd Beneficiar

60

9

etirees

60

9

Membership nual Allowan

y

ries

Data as of Jnce

Number

2,673

3,008

3,148

2,261

1,435 1,730

14,255

1,237

610

904

1,028

1,131 2,920

7,830

2,401

1,065

1,178

796

502 375

6,317

an. 1, 2016

AnnAllow

129,$

152,

153,

102,

58, 53,

649,$

12,$

7,

10,

11,

11, 28,

82,$

94,$

44,

47,

29,

17, 10,

244,$

nualwance

,526,580

,232,733

,877,185

,454,468

,296,837,207,695

,595,498

,199,343

,642,278

,714,979

,262,329

,679,165,592,094

,090,188

,738,406

,908,368

,423,477

,815,038

,252,440,105,502

,243,231

AveragAnnua

Allowan

48$

50

48

45

40 30

45$

9$

12

11

10

10 9

10$

39$

42

40

37

34 26

38$

gealnce

8,457

0,609

8,881

5,314

0,6250,756

5,570

9,862

2,528

1,853

0,956

0,3269,792

0,484

9,458

2,167

0,258

7,456

4,3676,948

8,664

47

E1

R(

Exhibit IV 10-Year Histo

ACTIVE MEMB(Dollars in Tho

Valuationas ofJan. 1

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

* Includes re** Increase fo

RETIREES AND(Dollars in Thou

A

Year

Ended

Dec. 31 Num

2015 1,4

2014 1,2

2013 1,3

2012 1,3

2011 1,7

2010 1,1

2009 1,1

2008 1,0

2007 1,1

2006 1,1

ory of Memb

BERSousands)

Number oMembers

27,624

27,769

27,605

27,444

27,623

28,222

28,619

29,062

28,864

28,609

ehired retireesor 2016 includes

D BENEFICIARIEusands)

Added to Rolls

Annua

mber Allowanc

450 $ 48,864

261 41,378

362 44,842

390 48,249

783 65,572

165 34,553

128 30,920

046 25,590

128 27,877

186 32,147

ership Data

Percentaof Change

* Members

4 (0.52

9 0.5

5 0.5

4 (0.65

3 (2.12

2 (1.39

9 (1.52

2 0.6

4 0.8

9

s 1.246% assum

ES ADDED TO A

Removed

l

ces Number

4 1,011 $

8 859

2 1,044

9 1,225

2 779

3 803

0 733

0 607

7 933

7 962

age Valuae in Membship Pay

2%) $ 2,06

59% 1,98

59% 1,94

5%) 1,91

2%) 1,89

9%) 1,86

2%) 1,89

69% 1,90

89% 1,83

1,78

med increase for

AND REMOVED

d from Rolls

Annual

Allowances E

$ 22,141

17,204

23,851

19,469

16,397

15,721

14,566

12,825

14,586

12,701

ation Perership Ch

yroll P

60,851

86,569

42,269

13,383

97,413

68,502

95,196

00,935

31,438

82,851

late reported sa

FROM ROLLS

Number

on Rolls

End of Year A

28,402 $

27,963

27,561

27,243

27,078

26,074

25,712

25,317

24,878

24,683

rcentagehange inPayroll

3.74% **

2.28%

1.51%

0.84%

1.55%

(1.41%)

(0.30%)

3.79%

2.73%

alaries

Pe

Annual C

Allowances Al

975,929

931,176

890,288

852,602

807,550

744,144

710,463

679,769

652,474

630,080

ercentage Av

Change in A

llowances Allo

4.81% $

4.59%

4.42%

5.58%

8.52%

4.74%

4.52%

4.18%

3.55%

verage Per

Annual Ch

owances Mem

34.36

33.30

32.30

31.30

29.82

28.54

27.63

26.85

26.23

25.53

48

rcentage

hange in

mbership

1.57%

1.46%

1.17%

0.61%

3.85%

1.41%

1.56%

1.76%

0.79%

0.92%

ExhiRecoFrom Polic

Nu

New

Ves

Non

Ret

Disa

Ret

Die

Die

Reh

Ces

Dat

Nu

bit V onciliation ofm Jan. 1, 201

ce

umber as of Janu

w participants

sted terminations

n-vested termina

tirements

abilities

turn to work

d with beneficiar

d without benefi

hired retirees

ssation of benefi

ta corrections

umber as of Janu

f Membershi5 to Jan. 1, 2

uary 1, 2015

s

ations

ry

ciary

its

uary 1, 2016

p Data 2016

ActiveMembers

14,798

845

(61)

(430)

(390)

(61)

35

(12)

(2)

0

0

(3)

14,719

VestedFormer

Members

112

0

61

0

(10)

(5)

(1)

0

(1)

0

0

(5)

151

RehiredRetirees

121

0

0

0

(6)

0

0

0

0

12

0

0

127

Disableds

3,784

0

0

0

0

66

0

(67)

(32)

0

0

3

3,754

ServiceRetirees

7,842

0

0

0

400

0

0

(118)

(82)

0

0

6

8,048

Beneficiaries

4,403

0

0

0

0

0

0

) 288

) (227)

0

(39)

(1)

4,424

49

Total

31,060

845

0

(430)

(6)

0

34

91

) (344)

12

) (39)

) 0

31,223

9

)

)

)

)

ExhiRecoFrom(Con Firef

Nu

New

Ves

Non

Ret

Disa

Ret

Die

Die

Reh

Ces

Dat

Nu

bit V onciliation ofm Jan. 1, 201ntinued)

fighters

umber as of Janu

w participants

sted terminations

n-vested termina

tirements

abilities

turn to work

d with beneficiar

d without benefi

hired retirees

ssation of benefi

ta corrections

umber as of Janu

f Membershi5 to Jan. 1, 2

uary 1, 2015

s

ations

ry

ciary

its

uary 1, 2016

p Data 2016

ActiveMembers

12,804

549

(29)

(144)

(401)

(53)

9

(5)

0

0

0

(3)

12,727

VestedFormer

Members

68

0

29

0

(9)

(2)

0

(1)

0

0

0

0

85

RehiredRetirees

46

0

0

0

(7)

0

0

0

0

12

0

0

51

Disableds

2,576

0

0

0

0

55

0

(39)

(31)

0

0

2

2,563

ServiceRetirees

5,972

0

0

0

410

0

0

(103)

(74)

0

0

2

6,207

Beneficiaries

3,386

0

0

0

0

0

0

) 218

) (174)

0

(23)

(1)

3,406

50

Total

24,852

549

0

(144)

(7)

0

9

70

) (279)

12

) (23)

) 0

25,039

0

)

)

)

)

ExhiRecoFrom (Con Tota

Nu

New

Ves

Non

Ret

Disa

Ret

Died

Died

Reh

Ces

Dat

Nu

bit V onciliation ofm Jan. 1, 201ntinued)

l

umber as of Janu

w participants

sted terminations

n-vested termina

tirements

abilities

turn to work

d with beneficiar

d without benefic

hired retirees

ssation of benefit

ta corrections

umber as of Janu

f Membershi5 to Jan. 1, 2

uary 1, 2015

s

ations

ry

ciary

ts

uary 1, 2016

p Data 2016

ActiveMembers

27,602

1,394

(90)

(574)

(791)

(114)

44

(17)

(2)

0

0

(6)

27,446

VestedFormer

Members

180

0

90

0

(19)

(7)

(1)

(1)

(1)

0

0

(5)

236

RehiredRetirees

167

0

0

0

(13)

0

0

0

0

24

0

0

178

Disableds

6,360

0

0

0

0

121

0

(106)

(63)

0

0

5

6,317

ServiceRetirees

13,814

0

0

0

810

0

0

(221)

(156)

0

0

8

14,255

Beneficiaries

7,789

0

0

0

0

0

0

506

(401

0

(62

(2

7,830

5

Total

55,912

1,394

0

(574)

(13)

0

43

161

) (623)

24

) (62)

) 0

56,262

1

)

)

)

)

E

D

Exhibit

Detailed

VI

d Tabulationss of the Data

52

EAND P

Exhibit VI-1 Active MembNumber and Distributed b

Police

Age N

18192021222324252627282930313233343536373839404142434445464748495051525354555657

bership Data Annual Sala

by Age

Ma

Number Co

1 $

1125191

154209259286321297342361355354339365345343388360387418454527597657595572505492460429351322294239187135

as of Jan. 1,aries

ale

ompensation

31,998

31,386556,394

2,378,9114,378,6157,699,299

11,123,67114,115,92316,432,64618,996,20217,992,24221,755,11323,352,62624,017,72623,528,90423,451,30125,451,94124,815,94524,763,52828,559,37426,408,07229,089,44131,592,42334,468,90940,243,46645,654,17450,951,27546,854,22945,175,28040,357,44339,396,09938,032,68934,509,21328,356,23026,212,61423,602,24319,185,35714,898,60410,362,865

, 2016

n Number

8

64 2

115 149 25

273 246 162 232 333 296 286 334 35

3543

5 358 324 232 44

413 429 556 534 585 809 620 543 559 589 473 480 404 273 307 224 145 21

Female

Compens

84510676

1,3511,4621,240

8591,3541,9651,8501,9022,1252,3722,4463,0122,4712,3921,6022,9963,0533,0534,0724,0784,3316,0764,5944,1494,2294,4113,4073,7702,9692,0682,4291,6981,1251,613

ation Num

4,5340,4906,0311,6752,6100,1469,7204,1035,4090,9932,7945,3272,1846,3492,3471,5032,5252,9396,5203,1143,2062,2008,8261,7946,0164,2289,1879,1691,4577,4530,0449,9078,1569,8058,8915,9283,712

Totals

mber Comp

1 $

11462 2

105 5179 9236 12283 15302 17344 20330 19371 23389 25388 26389 25374 25408 28380 27375 27411 30404 29428 32460 34509 38580 44655 49737 57657 51626 49560 44550 43507 41477 38391 31349 28324 26261 20201 16156 11

s

pensation

31,998

31,386640,928

2,889,4015,054,6469,050,9742,586,2815,356,0697,292,3660,350,3049,957,6513,606,1065,255,4206,143,0535,901,0895,897,6508,464,2887,287,4487,156,0530,162,3139,404,5922,142,5554,645,6298,541,1094,322,2929,985,9687,027,2901,448,4579,324,4664,586,6123,807,5561,440,1428,279,2571,326,1378,280,7696,032,0480,884,2496,024,5311,976,577

53

EAND P(

Exhibit VI-1 Active MembNumber and Distributed b

Police Continued)

Age N

58596061626364656667686970717273747576

Total

bership Data Annual Sala

by Age

Ma

Number Co

11010176615039191011953

11

1

13,352 $

as of Jan. 1,aries

ale

ompensation

8,499,3657,683,4515,814,6234,676,6163,771,4952,988,2911,436,298

768,953808,052670,558344,520230,988

35,52540,517

114,413

976,668,039

, 2016

n Number

5 159

3 86 65 3

28 232 1808 1

157

3

9 1,367

Female

Compens

1,192630653431243145129

78

6783

97,466$

ation Num

2,2630,4813,1911,1873,0445,4779,934

8,631

7,0433,607

6,148 14,

Totals

mber Comp

125 9110 884 667 553 441 321 11012954111

1

719 1,074$

s

pensation

9,691,6288,313,9336,467,8145,107,8034,014,5393,133,7691,566,232

768,953886,683670,558344,520298,03083,60735,52540,517

114,413

4,134,187

54

EAND P

Exhibit VI-2 Active MembNumber and Distributed b

Police

Years ofService N

0123456789

101112131415161718192021222324252627282930313233343536373839

bership Data Annual Sala

by Years of S

Ma

Number Co

753 $ 6256014843853082153855013903023212983944274104515224995225464954433974004153373213092321981501285947271410133

as of Jan. 1,aries Service

ale

ompensation

35,023,386 32,960,25634,017,21929,313,38825,655,15621,201,36014,531,57227,105,92635,683,78028,849,70321,836,34323,952,25022,283,54429,898,92631,853,54431,206,89434,067,24239,500,95839,001,18140,892,08843,428,49439,950,72636,164,74032,303,90932,523,30334,774,60228,479,75427,299,68226,283,49519,530,20817,020,44412,759,32811,091,2085,134,8033,922,8722,441,7161,155,045

830,7551,119,608

289,346

, 2016

n Number

6 1016 579 498 326 330 172 166 400 633 433 430 414 336 494 544 342 588 54

478 564 526 530 579 493 412 444 352 285 318 94 178 118 113 626 15 2586

Female

Compens

4,885$ 2,9072,7561,8952,1991,0161,1412,8464,5293,1003,0612,9142,3703,7504,1392,4024,3903,8803,7204,3753,8924,0514,2753,8433,3023,5172,7622,2332,458

6701,461

928927473

88294

ation Num

5,5817,5836,4555,1879,2646,2021,7466,1279,3730,4341,3204,6870,7120,7669,2132,9890,0210,8450,2975,1882,2121,1485,0343,6222,7607,1062,3933,8398,6620,7181,9518,6457,6573,569

8,1664,677

Totals

mber Comp

854 39$ 682 35650 36516 31418 27325 22231 15425 29564 40433 31345 24362 26331 24443 33481 35444 33509 38576 43546 42578 45598 47548 44500 40446 36441 35459 38372 31349 29340 28241 20215 18161 13139 1265 547 328 216 11013 13

s

pensation

9,908,9675,867,8396,773,6741,208,5757,854,4202,217,5635,673,3189,952,0530,213,1531,950,1374,897,6636,866,9374,654,2563,649,6925,992,7573,609,8838,457,2633,381,8022,721,4785,267,2767,320,7074,001,8750,439,7746,147,5315,826,0628,291,7081,242,1479,533,5218,742,1570,200,9268,482,3953,687,9732,018,8665,608,3723,922,8722,529,8821,449,722

830,7551,119,608

289,346

55

EAND P(

Exhibit VI-2 Active MembNumber and Distributed b

Police Continued)

Years ofService N

404142434445464748495051525354

Total

bership Data Annual Sala

by Years of S

Ma

Number Co

6

2122

1

1

13,352 $

as of Jan. 1,aries Service

ale

ompensation

462,684

239,87178,819

180,822171,585

81,090

114,413

976,668,039

, 2016

n Number

4

925

0

3

9 1,367

Female

Compens

97,466$

ation Num

6,148 14,

Totals

mber Comp

6

2122

1

1

719 1,074$

s

pensation

462,684

239,87178,819

180,822171,585

81,090

114,413

4,134,187

56

EAND F

Exhibit VI-3 Active MembNumber and Distributed b

Firefighters

Age N

19202122232425262728293031323334353637383940414243444546474849505152535455565758

bership Data Annual Sala

by Age

Ma

Number Co

8184072

104141183199262274317307308343337347374383346372381394381445494500494441406413439466376361346313239203146

as of Jan. 1,aries

ale

ompensation

326,678813,193

1,817,5503,554,8825,535,3677,449,539

10,072,91111,186,15415,228,83016,897,71019,682,15219,543,74220,350,53923,076,92823,238,93224,126,25626,509,28027,622,10725,255,00627,878,19328,785,18530,238,92229,221,49534,407,44338,223,75539,297,95439,606,61735,210,00632,920,95833,606,11535,796,16638,284,01030,557,66929,836,95128,387,04225,542,12719,316,39516,655,16312,000,551

, 2016

n Number

183 10 12 27 39 2

34 80 100 62 112 119 128 122 86 140 97 106 123 145 152 75 113 115 144 77 136 138 65 86 90 89 10

82 87 75 73 8

6

Female

Compens

10$

614392

155114178464565344678649760789537934686726814914

1,095560836743

1,033523

1,0811,003

557681629655719605594575520629428

sation Num

0,434

1,9093,3412,1955,9554,6088,6544,8025,0404,9838,3269,2280,8889,4827,0254,4576,5206,3114,5074,1505,4920,4786,3853,8143,9463,7791,9233,7267,8361,2909,2655,4959,0085,9214,3595,4120,4389,8038,572

Totals

mber Comp

1 $ 8

194174 3

107 5143 7186 10207 1272 15280 17328 20318 20320 2355 23345 23361 25383 27393 28358 26386 28396 29401 30392 30456 35508 39507 39507 40454 36412 33421 34448 36474 38386 3369 30354 28320 26246 19211 17152 12

s

pensation

10,434 326,678875,102

1,860,8913,647,0775,691,3227,564,1460,251,5651,650,9565,793,8707,242,6930,360,4790,192,9701,111,4273,866,4103,775,9575,060,7137,195,7998,348,4186,069,5138,792,3439,880,6770,799,4000,057,8805,151,2579,257,7029,821,7330,688,5406,213,7323,478,7954,287,4056,425,4308,939,5041,276,6760,442,8718,981,4026,117,5399,836,8347,284,9662,429,123

57

EAND F(

Exhibit VI-3 Active MembNumber and Distributed b

Firefighters Continued)

Age N

596061626364656667686970717273

Total

bership Data Annual Sala

by Age

Ma

Number Co

116886452352312877211

2

12,391 $

as of Jan. 1,aries

ale

ompensation

9,308,2556,711,1465,112,7384,082,1392,809,1241,847,173

861,329612,206546,920455,509134,55498,54166,535

195,522

920,902,162

, 2016

n Number

5 26 68 19 14396094

5

2

2 336

Female

Compens

1445158563

23,807$

sation Num

4,4065,1815,5193,091

7,952 12,

Totals

mber Comp

118 994 765 553 435 22312877211

2

727 944$

s

pensation

9,452,6617,226,3275,198,2574,145,2302,809,1241,847,173

861,329612,206546,920455,509134,55498,54166,535

195,522

4,710,114

58

EAND F

Exhibit VI-4 Active MembNumber and Distributed b

Firefighters

Years ofService N

0123456789

101112131415161718192021222324252627282930313233343536373839

bership Data Annual Sala

by Years of S

Ma

Number Co

532 $ 4925003754023202463723453762402864243534454895054965004954223813573883623104473122682232581561166655291413102

as of Jan. 1,aries Service

ale

ompensation

23,838,576 26,517,09729,024,25423,395,91426,370,81222,474,10116,871,48525,982,64624,447,23427,620,19517,263,83221,572,06031,277,72326,788,05134,172,29637,064,41839,310,94038,924,27639,298,02539,674,29633,787,60231,038,49829,136,61132,703,08229,922,49525,378,67637,124,90525,934,60822,790,96518,825,06621,810,95113,604,3049,927,8195,626,3254,663,2652,587,3321,242,6791,234,450

782,649177,018

, 2016

n Number

6 127 234 194 112 10

115 66 104 115 152 80 123 9

176 198 200 176 245 56 122 38 4

62 45 76 45 88 55 46 6

84 29 355 129098

Female

Compens

492$ 1,2341,047

623671785426672771

1,079527852596

1,2281,3991,5531,3311,870

325993238391480350575334609407294459709149246

74

sation Num

2,6454,8537,8533,8631,3405,1206,8252,2151,4349,6187,9822,3456,0458,8589,5453,7901,8770,1735,7513,6998,6991,5200,4590,8995,2314,7699,5597,0914,9329,9339,1109,3066,588

4,026

Totals

mber Comp

544 24$ 515 27519 30386 24412 27331 23252 17382 26356 25391 28248 17298 22433 3370 28464 35509 38522 40520 40505 39507 40425 34385 3363 29392 33369 30314 25455 37317 26272 23229 19266 22158 13119 1066 556 429 21413102

s

pensation

4,331,2217,751,9500,072,1074,019,7777,042,1523,259,2217,298,3106,654,8605,218,6688,699,8137,791,8132,424,4051,873,7688,016,9095,571,8418,618,2080,642,8170,794,4499,623,7750,667,9954,026,3011,430,0189,617,0703,053,9810,497,7275,713,4457,734,4646,341,6983,085,8989,284,9992,520,0613,753,6090,174,4075,626,3254,737,2912,587,3321,242,6791,234,450

782,649177,018

59

EAND F(

Exhibit VI-4 Active MembNumber and Distributed b

Firefighters Continued)

Years ofService N

4041424344454647

Total

bership Data Annual Sala

by Years of S

Ma

Number Co

231

111

12,391 $

as of Jan. 1,aries Service

ale

ompensation

164,008190,74066,008

81,378102,787109,706

920,902,162

, 2016

n Number

808

876

2 336

Female

Compens

23,807$

sation Num

7,952 12,

Totals

mber Comp

231

111

727 944$

s

pensation

164,008190,74066,008

81,378102,787109,706

4,710,114

60

EAND T

Exhibit VI-5 Active MembNumber and Distributed b

Total

Age N

18192021222324252627282930313233343536373839404142434445464748495051525354555657

bership Data Annual Sala

by Age

Ma

Number Co

1 $

93091

163258350442485583571659668663697676712719726734732768812835972

1,0911,1571,0891,013

911905899895727683640552426338

as of Jan. 1,aries

ale

ompensation

31,998

358,0641,369,5874,196,4617,933,497

13,234,66618,573,21024,188,83427,618,80034,225,03234,889,95241,437,26642,896,36844,368,26546,605,83346,690,23349,578,19751,325,22552,385,63553,814,38054,286,26557,874,62661,831,34563,690,40474,650,90983,877,92990,249,22986,460,84680,385,28673,278,40273,002,21573,828,85572,793,22358,913,89956,049,56451,989,28544,727,48534,214,99927,018,028

, 2016

n Number

81

47 3

127 166 280 294 270 242 332 396 408 395 453 473 437 575 445 420 355 586 565 494 669 649 729 876 756 672 615 665 563 569 504 355 385 299 218 29

Female

Compens

10

146553768

1,5071,5771,4181,3241,9192,3102,5292,5522,8863,1612,9833,9463,1583,1182,4173,9104,1483,6134,9084,8225,3656,5995,6765,1524,7875,0924,0364,4253,6882,6743,0242,2741,6462,243

ation Num

0,434

6,4423,8318,2267,6297,2188,8004,5239,1420,3939,3192,0226,2161,6673,3746,8048,0238,8367,4460,6708,6063,6848,5852,640 1,5,741 1,9,795 1,6,151 1,2,912 1,7,0052,7466,7185,5388,9154,0764,1644,3036,3663,515

Totals

mber Comp

1 $ 19

33 1103 4179 8286 14379 20469 25509 28616 36610 37699 43707 45708 47744 49719 49769 53763 54768 55769 56790 58824 62861 65901 68036 79163 89244 96164 92080 85972 78971 78955 77951 77777 62718 58678 55581 47447 35367 29

s

pensation

31,998 10,434

358,0641,516,0304,750,2928,701,7224,742,2950,150,4275,607,6358,943,3226,144,1747,200,3443,966,5855,448,3907,254,4819,767,4999,673,6063,525,0014,483,2485,504,4716,231,8268,196,9362,023,2325,445,0298,598,9899,473,5499,243,6706,849,0242,136,9975,538,1988,065,4078,094,9617,865,5727,218,7612,602,8138,723,6405,013,4507,001,7885,861,3659,261,543

61

EAND T(

Exhibit VI-5 Active MembNumber and Distributed b

Total Continued)

Age N

58596061626364656667686970717273747576

Total

bership Data Annual Sala

by Age

Ma

Number Co

25621716412510274422219161251212

1

25,743 1$

as of Jan. 1,aries

ale

ompensation

20,499,91616,991,70612,525,7699,789,3547,853,6355,797,4153,283,4711,630,2821,420,2571,217,478

800,029365,54198,541

102,06040,517

195,522

114,413

,897,570,201

, 2016

n Number

6 216 119 144 75 45 2

227 189

11

072

3

1,703

Female

Compens

1,620774

1,168516306145129

78

6783

121,274$

ation Num

0,8354,8878,3726,7066,1345,4779,934

8,631

7,0433,607

4,100 27,

Totals

mber Comp

277 22228 17178 13132 10106 876 544 322 120 116 11262212

1

446 2,018$

s

pensation

2,120,7517,766,5933,694,1410,306,0618,159,7695,942,8923,413,4051,630,2821,498,8881,217,478

800,029432,584182,148102,06040,517

195,522

114,413

8,844,301

62

EAND T

Exhibit VI-6 Active MembNumber and Distributed b

Total

Years ofService N

0123456789

101112131415161718192021222324252627282930313233343536373839

bership Data Annual Sala

by Years of S

Ma

Number Co

1,285 $ 1,1171,101

859787628461757846766542607722747872899956

1,018999

1,017968876800785762725785632577455456306244125102562823235

as of Jan. 1,aries Service

ale

ompensation

58,861,963 59,477,35363,041,47352,709,30252,025,96843,675,46131,403,05753,088,57260,131,01456,469,89839,100,17445,524,31153,561,26756,686,97766,025,84068,271,31173,378,18278,425,23478,299,20680,566,38477,216,09770,989,22565,301,35165,006,99262,445,79860,153,27865,666,03953,172,91049,074,46138,355,27538,831,39526,363,63121,019,02810,761,1288,586,1375,029,0482,397,7242,065,2051,902,257

466,364

, 2016

n Number

3 1133 803 682 438 43

287 222 504 748 584 51

537 427 660 73

542 754 786 524 687 555 57

632 538 488 489 430 33

355 155 25

138 148 67 18 14 2574

Female

Compens

5,378$ 4,1423,8042,5192,8701,8011,5683,5185,3004,1803,5893,7672,9664,9795,5383,9565,7215,7514,0465,3684,1304,4424,7554,1943,8773,8513,3712,6402,7531,1302,1711,0771,174

4737488

294

ation Num

8,226 1,2,437 1,4,308 1,9,0500,6041,3228,5718,3410,8070,0529,3027,0316,7579,6238,7586,7791,898 1,1,018 1,6,048 1,8,887 1,0,911 1,2,6685,4924,5217,9911,8751,9520,9293,5950,6501,0617,9514,2453,5694,0268,1664,677

Totals

mber Comp

398 64$ 197 63169 66902 55830 54656 45483 32807 56920 65824 60593 42660 49764 56813 61945 71953 72031 79096 84051 82085 85023 81933 75863 70838 69810 66773 64828 69665 55612 51470 39481 41319 27258 22131 11103 857 530 223 223 15

s

pensation

4,240,1883,619,7896,845,7815,228,3524,896,5725,476,7832,971,6286,606,9135,431,8210,649,9502,689,4769,291,3426,528,0241,666,6011,564,5982,228,0909,100,0804,176,2512,345,2545,935,2711,347,0085,431,8930,056,8449,201,5136,323,7894,005,1539,037,9915,813,8401,828,0559,485,9251,002,4567,441,5822,193,2731,234,6978,660,1635,117,2142,692,4012,065,2051,902,257

466,364

63

EAND T(

Exhibit VI-6 Active MembNumber and Distributed b

Total Continued)

Years ofService N

404142434445464748495051525354

Total

bership Data Annual Sala

by Years of S

Ma

Number Co

83312311

1

1

25,743 1$

as of Jan. 1,aries Service

ale

ompensation

626,692190,740305,87978,819

180,822252,964102,787109,706

81,090

114,413

,897,570,201

, 2016

n Number

20992476

0

3

1,703

Female

Compens

121,274$

ation Num

4,100 27,

Totals

mber Comp

83312311

1

1

446 2,018$

s

pensation

626,692190,740305,87978,819

180,822252,964102,787109,706

81,090

114,413

8,844,301

64

ERND PS

Exhibit VI-7 Retiree and BNumber and Distributed b

Police Service Retir

Age N

48495051525354555657585960616263646566676869707172737475767778798081828384858687

Beneficiary MAnnual Retir

by Age

rees

Ma

Number

18 $ 42506268788985

14518924228630733129031833533735037242435825525226927725519417116314398

11484897357615062

Membership rement Allow

ale

Annuities

786,667 1,689,7452,257,3942,697,6162,763,3893,389,9443,877,2714,019,0657,291,9549,695,922

11,982,20414,548,03015,526,84316,927,81314,609,84415,836,33316,979,53416,332,13917,220,41318,939,63121,323,57116,964,22212,047,75311,982,81612,171,79312,196,50610,826,5487,883,0966,742,5346,369,6565,496,1263,760,3643,916,8082,905,3073,118,7342,209,9601,636,7371,812,8661,448,8491,758,387

Data as of Jwances

Number

2555

108

2010142624322432242320181813165982633

31

2511

an. 1, 2016

Female

Annuitie

91,$ 213,201,229,400,336,886,499,693,

1,270,1,067,1,522,1,201,1,556,1,149,1,154,1,009,

861,849,639,825,231,405,406,65,

263,145,104,

84,39,

37,136,21,25,

es Num

,631,247,500,261,122,841,827 1,590,084 1,538 2,507 2,647 3,992 3,176 3,508 3,769 3,961 3,571 3,771 3,013 3,350 4,675 3,642 2,718 2,150 2,280 2,846 2,948 1

111

,091 1,080 1

,023,148,310,703

Totals

ber Ann

20 $ 47 155 267 278 386 3

109 495 4

159 7215 10266 13318 16331 16363 18314 15341 16355 17355 17368 18385 19440 22363 17264 12260 12271 12283 12258 10197 7171 6163 6143 5101 3115 384 291 378 258 162 150 162 1

nuities

878,297 ,902,992,458,894,926,877,163,512,726,784,764,099,518,656,985,037,966,459,049,712,070,678,728,835,483,989,759,352,991,102,989,495,193,710,070,183,578,644,148,921,195,898,453,395,389,533,236,943,459,786,972,394,988,044,742,534,369,656,496,126,844,455,955,888,905,307,155,756,346,108,658,047,838,568,448,849,758,387

65

ERND PS(

Exhibit VI-7 Retiree and BNumber and Distributed b

Police Service RetirContinued)

Age N

888990919293949596979899

Total

Beneficiary MAnnual Retir

by Age

rees

Ma

Number

415136302078742

1

7,650 $

Membership rement Allow

ale

Annuities

1,181,7661,370,985

934,287751,326467,631160,898200,935143,72393,54645,835

21,009

349,316,326

Data as of Jwances

Number

398

an. 1, 2016

Female

Annuitie

18,627,$

es Numb

,519 8,0

Totals

ber Ann

41 1,51 1,36302078742

1

048 367,$

nuities

,181,766,370,985934,287751,326467,631160,898200,935143,72393,54645,835

21,009

,943,844

66

ERND PD

Exhibit VI-8 Retiree and BNumber and Distributed b

Police Disability Ret

Age N

32333435363738394041424344454647484950515253545556575859606162636465666768697071

Beneficiary MAnnual Retir

by Age

tirees

Ma

Number A

1 $ 135597

10172014354555446380647874635675676679

1057385

1151011061241061081201651259783

Membership rement Allow

le

Annuities

17,778 43,86995,486

153,416148,510279,546242,381341,915603,115658,335419,851

1,295,2951,782,1172,181,6441,591,7912,526,8063,108,0142,505,2263,272,3682,857,9762,520,8062,268,7642,974,7012,804,8102,785,9083,288,9954,623,6152,988,0383,398,0514,911,6014,347,2474,361,3274,838,9154,112,2224,168,5164,680,7916,505,4984,710,2913,851,5923,099,596

Data as of Jwances

F

Number

211214175

127

101613181115192518191410121828302117251911151712121034

an. 1, 2016

Female

Annuities

57,635,027,127,626,8

156,417,6

227,9175,5431,7173,0391,1601,9496,7643,0334,3530,8723,8859,8733,7741,7474,4425,7486,9777,7

1,159,31,062,4

826,6565,1

1,002,3799,7453,3589,3648,8496,6388,1355,088,7

149,5

s Numb

642029156677822 1420 1694 1946 2536 2738 2014 4148 5971 7701 5051 8380 9830 7821 9823 9762 8700 7400 8757 7952 7790 9302 13488 10630 10135 13355 12749 12319 13374 12847 12659 13107 17079 13757 10598 8

Totals

er Annu

1 $ 3 14 16 17 10 31 31 3

24 825 826 842 1,455 2,171 2,757 2,081 3,191 3,479 3,097 3,999 3,781 3,275 3,089 3,477 3,278 3,297 4,033 5,703 4,006 4,232 5,426 5,325 5,135 5,221 4,725 4,832 5,177 6,835 5,000 3,987 3,2

uities

17,778 01,51130,51580,57276,186

306,369398,800359,609831,061833,871851,589468,30973,265

783,615088,49269,857

442,394036,056996,189717,799254,567010,464449,101230,566272,860066,785782,917050,526224,681476,736349,60361,075

292,234701,596817,36377,450

893,606065,370940,349249,194

67

ERND PD(

Exhibit VI-8 Retiree and BNumber and Distributed b

Police Disability RetContinued)

Age N

72737475767778798081828384858687888990919293

Total

Beneficiary MAnnual Retir

by Age

tirees

Ma

Number A

10482695467564539452221151122127

1396732

3,260 $

Membership rement Allow

le

Annuities

3,701,8412,723,8662,505,2651,891,5332,230,0001,732,2201,477,4751,289,0891,275,909

648,000577,935395,525267,977599,396295,060170,302334,321222,706123,194158,11557,32834,052

124,077,832

Data as of Jwances

F

Number

131

3

1

494

an. 1, 2016

Female

Annuitie

33,982,838,3

133,9

22,0

18,475,2$

s Numb

914 10892 8395 7

56

909 5434221121

1

018

286 3,75

Totals

er Annu

05 3,785 2,870 2,554 1,867 2,259 1,845 1,439 1,245 1,222 621 55 31 2

22 52 27 13 39 26 17 133

54 142,5$

uities

735,755806,758543,660891,533230,000866,128477,475289,089275,909648,000577,935395,525267,977599,396295,06070,302

334,321222,70623,19458,11557,32856,070

553,118

68

ERND PS

Exhibit VI-9 Retiree and BNumber and Distributed b

Police Survivors an

Age N

23456789

1011121314151617181920212223242526272829303132333435363738394041

Beneficiary MAnnual Retir

by Age

d Beneficiar

Mal

umber A

21114575536959

145

10341

21

11

22

1

1

Membership rement Allow

ries

e

Annuities

5,2992,6502,6502,650

10,59813,24818,54713,24813,2487,949

31,57723,84613,24823,84649,57613,24825,1677,949

10,5592,650

19,4802,650

25,41428,747

28,6975,299

2,650

2,650

Data as of Jwances

Fe

Number

1 $

1141533576

107998441

1

2

2

2

41

3567

an. 1, 2016

emale

Annuities

2,65$

2,652,65

10,592,65

13,247,947,94

13,2418,5415,8926,3018,5023,7523,8436,7210,5910,502,65

2,65

12,36

11,88

19,43

19,934,92

29,4674,8760,8958,41

Number

50 121

50 250 298 850 648 1249 849 848 847 1398 1509 1508 1653 2346 1428 1898 705 850 2

250 2

65 21

82 3

30 2

34 620 3

61 474 592 616 8

Totals

r Annuiti

2$ 5255

2115312121215039394273376118215

195

122540

19

4810

32746061

ies

2,6505,2992,6505,2995,2991,1975,8981,7951,1971,1971,1970,1249,7449,5572,3543,3297,0941,8968,5471,0645,299

9,4805,299

2,3655,4140,629

9,430

8,6310,219

2,1104,8740,8921,066

69

ERND PS(

Exhibit VI-9 Retiree and BNumber and Distributed b

Police Survivors anContinued)

Age Nu

42434445464748495051525354555657585960616263646566676869707172737475767778798081

Beneficiary MAnnual Retir

by Age

d Beneficiar

Mal

umber A

111131421121343243

1

1523

11

1

12

2

Membership rement Allow

ries

e

Annuities

2,65014,54828,2862,650

35,8752,650

42,85325,8162,6502,650

12,3652,650

16,40633,60247,62512,36546,82734,415

9,715

9,71562,97919,43029,146

9,71529,668

9,715

2,65035,113

19,430

Data as of Jwances

Fe

Number

1166

141014202321302032373436525941585687

1099079

12513213410466

130129144140122115135133132145115

an. 1, 2016

emale

Annuities

143,49386,47848,70

223,18887,562

137,427256,412298,650307,775369,797246,896389,882468,395354,177451,137631,252795,587461,432588,174684,955

1,122,4731,353,3121,103,204

894,5331,594,0381,663,711,504,0701,163,799

702,3071,456,7081,452,0751,495,1481,563,5981,310,3961,185,4101,414,3081,366,6801,350,6621,446,7131,219,368

Number

3 128 71 78 152 137 152 240 255 227 316 222 335 407 387 392 547 632 444 585 573 872 1094 913 848 1271 1350 1349 1057 678 1305 1298 1458 1406 1230 1178 1350 1332 1323 1458 117

Totals

Annuitie

14610176

225123140299324310372259392484387498643842495588694

1,1221,3531,112

9571,6131,6921,5041,173

7311,4561,4521,5041,5631,3131,2201,4141,3661,3501,4461,238

es

,143,027,987,838,437,076,266,466,425,446,261,532,800,779,761,617,415,847,174,670,473,312,919,512,469,857,070,514,975,708,075,864,598,046,523,308,680,662,713,798

70

ERND PS(

Exhibit VI-9 Retiree and BNumber and Distributed b

Police Survivors anContinued)

Age N

828384858687888990919293949596979899

100101102

Total

Beneficiary MAnnual Retir

by Age

d Beneficiar

Mal

umber A

1

170 $

Membership rement Allow

ries

e

Annuities

9,715

1,021,212

Data as of Jwances

Fe

Number

1151181161341201241008060694222282112385432

4,254 $

an. 1, 2016

emale

Annuities

1,152,981,126,091,197,091,310,121,187,221,173,11

973,51756,98571,71664,18403,26189,60248,94193,92109,9825,3166,8748,5738,8629,1419,43

45,426,61$

Number

89 11597 11896 11621 13421 12019 12414 10089 8010 6087 6961 4207 2247 2828 2280 1219 379 876 561 446 330 2

15 4,424

Totals

r Annuiti

1,1521,1261,1971,3101,1871,173

973756571664403189248203109256648382919

46,447$

ies

2,9896,0977,0960,1217,2213,1193,5146,9891,7104,1873,2619,6078,9473,6439,9805,3196,8798,5768,8619,1469,430

7,827

71

ERND FS

Exhibit VI-10 Retiree and BNumber and Distributed b

Firefighters Service Retir

Age N

43444546474849505152535455565758596061626364656667686970717273747576777879808182

Beneficiary MAnnual Retir

by Age

rees

Mal

umber A

1 $

1320273442717698

13917621322126126125724826925523223427523715218820720916616614113710511110710389

Membership rement Allow

e

Annuities

17,171

512,491873,196

1,201,5901,414,7671,894,2703,354,2293,450,1244,747,2706,825,0689,196,685

11,002,67111,403,64113,527,63813,291,80112,870,82512,510,89713,743,52012,514,70011,431,91011,449,00712,939,65411,191,4397,184,4158,624,4119,269,8199,311,5267,426,4307,275,6895,966,5455,659,3184,663,1634,291,3053,954,3603,710,3943,100,158

Data as of Jwances

Fe

Number

22542432111

1421211

21

an. 1, 2016

emale

Annuities

100,1684,11

203,01188,68113,82166,3093,61

107,5649,6337,7476,73

38,61189,7880,8826,0081,9442,1738,99

82,3243,49

Number

1

1364 2213 2912 3985 4626 7305 8017 10169 14131 17749 21439 222

26117 26281 26181 25000 27049 25771 23399 235

275237

25 15490 189

20720916616614113710511110710389

Totals

r Annuiti

17$

512973

1,2851,6172,0823,4683,6164,8406,9329,246

11,04011,48013,52713,33013,06012,59113,76912,59611,47411,48812,93911,1917,2668,6679,2699,3117,4267,2755,9665,6594,6634,2913,9543,7103,100

ies

7,171

2,4913,3605,7037,7802,9558,0556,4290,8872,6376,3150,4200,3807,6380,4180,6051,7789,5206,6494,0818,0069,6541,4396,7407,9019,8191,5266,4305,6896,5459,3183,1631,3054,3600,3940,158

72

ERND FS(

Exhibit VI-10 Retiree and BNumber and Distributed b

Firefighters Service RetirContinued)

Age N

83848586878889909192939495969798

Total

Beneficiary MAnnual Retir

by Age

rees

Mal

umber A

669988676585533122151087233

6,165 2$

Membership rement Allow

e

Annuities

2,044,6333,159,7632,640,4651,911,7431,774,4832,339,5761,542,812

799,402574,704364,181242,793243,182177,57955,85470,10562,653

279,806,030

Data as of Jwances

Fe

Number

42 $

an. 1, 2016

emale

Annuities

1,845,62$

Number

669988676585533122151087233

23 6,207

Totals

r Annuiti

2,0443,1592,6401,9111,7742,3391,542

799574364242243177557062

281,651$

ies

4,6339,7630,4651,7434,4839,5762,8129,4024,7044,1812,7933,1827,5795,8540,1052,653

1,653

73

ERND FD

Exhibit VI-11 Retiree and BNumber and Distributed b

Firefighters Disability Ret

Age N

30313233343536373839404142434445464748495051525354555657585960616263646566676869

Beneficiary MAnnual Retir

by Age

tirees

Mal

umber A

1 $

113126525

12131418251724333146484447575354717284727792988689

10189

11190

Membership rement Allow

e

Annuities

35,385

29,88633,69299,1178,625

74,641183,482123,87481,777

167,677434,649462,825441,230635,140

1,024,042730,309868,111

1,171,6961,344,4491,733,3332,022,2071,747,9531,921,9372,180,5582,324,0852,255,2653,069,7883,111,4953,586,1493,297,0183,339,8764,241,4004,116,7553,785,9713,889,1334,423,9993,737,8404,823,5683,618,874

Data as of Jwances

Fe

Number

2

1111

1

221524339264536

10435341223

1

an. 1, 2016

emale

Annuities

28,60

10,0121,8934,6411,27

40,35

60,3133,4545,41

148,53116,15139,7198,85

113,50336,6674,95

214,97146,36184,10131,27194,88356,21111,25122,36202,56133,15111,7653,1756,8284,4898,54

34,82

Number

1

11

01 51

11 391 740 671 3

559 13

1313 1658 2011 2630 2256 2614 3756 3401 4962 5756 4675 5361 6103 5878 5786 7711 8259 8869 7562 8254 9560 10272 8721 9183 10346 92

11127 91

Totals

r Annuiti

35$

2933

1278

8420515893

167475462501668

1,069878984

1,3111,4431,8462,3581,8222,1362,3262,5082,3863,2643,4673,6973,4193,5424,3744,2283,8393,9454,5083,8364,8233,653

ies

5,385

9,8863,6927,7188,6254,6525,3748,5143,0487,6775,0082,8251,5428,5989,4538,8394,2671,4103,3046,8348,8692,9096,9126,9208,1886,5434,6747,7067,4089,3882,4394,5558,5149,1445,9538,4826,3863,5683,702

74

ERND FD(

Exhibit VI-11 Retiree and BNumber and Distributed b

Firefighters Disability RetContinued)

Age N

70717273747576777879808182838485868788899091929394

Total

Beneficiary MAnnual Retir

by Age

tirees

Mal

umber A

646777736861514843352424161714137

211512111112

2,461 $

Membership rement Allow

e

Annuities

2,493,4842,635,9132,933,3952,883,8482,592,6832,352,5332,047,9071,600,9371,341,4701,155,367

776,605766,355424,685504,363374,965325,068192,494559,769331,068303,450256,02926,22329,16620,06533,360

98,139,015

Data as of Jwances

Fe

Number

102 $

an. 1, 2016

emale

Annuities

3,551,09$

Number

646777736861514843352424161714137

211512111112

98 2,563

Totals

r Annuiti

2,4932,6352,9332,8832,5922,3522,0471,6001,3411,155

77676642450437432519255933130325626292033

101,690$

ies

3,4845,9133,3953,8482,6832,5337,9070,9371,4705,3676,6056,3554,6854,3634,9655,0682,4949,7691,0683,4506,0296,2239,1660,0653,360

0,113

75

ERND FS

Exhibit VI-12 Retiree and BNumber and Distributed b

Firefighters Survivors an

Age N

23456789

1011121314151617181920212223242526272829303132333435363738394041

Beneficiary MAnnual Retir

by Age

d Beneficiar

Mal

umber A

1 $ 21

11

413

10465

127

1013

1

1

1

1

Membership rement Allow

ries

e

Annuities

2,650 5,2992,650

2,6502,650

10,5982,6507,949

30,19510,50515,89813,24831,66218,54726,4022,6507,949

16,945

2,650

2,650

27,012

Data as of Jwances

Fe

Number

1 $1

3

3343465796785211

111

2113212

21142

an. 1, 2016

emale

Annuities

2,65$ 2,65

7,94

7,947,94

10,597,89

10,5915,8913,2418,4523,8415,8922,2421,1413,245,292,65

10,95

9,712,65

47,37

20,679,71

10,9510,2119,439,71

19,43

46,099,719,71

34,0649,85

Number

50 250 3

149 3

149 449 398 895 498 798 1648 954 1346 1498 1846 1443 1848 699 550 159 2

15 150 172 1

174 215 159 119 330 315 130 2

95 215 115 166 550 2

Totals

r Annuiti

5$ 727

2107

2110184623343747404715132

27

92

472

209

1010229

19

4699

6149

ies

5,2997,9492,6507,949

2,6500,5987,9491,1970,5448,5476,0923,7534,3517,0947,5600,7937,5455,8983,2482,6507,904

9,7152,6507,3722,6500,6749,7150,9590,2192,0809,7159,430

6,0959,7159,7151,0789,850

76

ERND FS(

Exhibit VI-12 Retiree and BNumber and Distributed b

Firefighters Survivors anContinued)

Age Nu

42434445464748495051525354555657585960616263646566676869707172737475767778798081

Beneficiary MAnnual Retir

by Age

d Beneficiar

Mal

umber A

111221

122114

11

1

1

1

1

1

Membership rement Allow

ries

e

Annuities

2,6502,6502,650

12,3655,2992,650

2,6505,2995,2992,6502,650

49,686

2,6502,650

9,715

2,650

2,650

2,650

9,715

Data as of Jwances

Fe

Number

375997

131217211920122223254630323932535046567268756779858995

10510984

11578

105126

an. 1, 2016

emale

Annuities

37,043102,44960,59

149,792140,18976,632

276,419127,415200,659332,698331,000281,718170,223280,506322,915306,902638,403412,573453,004480,344369,08710,722745,214534,833692,734814,269804,865921,556721,049891,219919,26969,474

1,039,7421,102,9281,126,826

859,8381,169,528

754,8251,051,9041,205,858

Number

3 39 71 62 109 102 99 155 139 178 220 218 223 136 235 272 253 463 314 334 391 332 534 503 464 579 725 696 759 679 801 854 902 958 1056 1098 848 1155 784 1058 126

Totals

Annuitie

3710263

15214288

281130200335336287172283372306638415455480378710745534695814807921721893919979

1,0391,1021,126

8591,169

7541,0511,205

es

,043,449,241,441,839,997,718,065,659,348,299,017,873,156,602,902,403,222,653,344,796,722,214,833,384,269,515,556,049,868,261,189,742,928,826,838,528,825,904,858

77

ERND FS(

Exhibit VI-12 Retiree and BNumber and Distributed b

Firefighters Survivors anContinued)

Age N

828384858687888990919293949596979899

100101102103104

Total

Beneficiary MAnnual Retir

by Age

d Beneficiar

Mal

umber A

1

1

104 $

Membership rement Allow

ries

e

Annuities

2,650

2,650

377,879

Data as of Jwances

Fe

Number

13710986

15310298

1151059863522532191512491

2

1

3,302 $

an. 1, 2016

emale

Annuities

1,349,001,099,89

818,911,497,111,022,481,099,621,138,29

965,39901,74621,20508,51222,64292,07202,71139,37111,5938,8678,519,71

19,43

9,71

35,264,47$

Number

09 13791 11018 8611 15385 10220 9996 11594 10549 9803 6316 5245 2578 3217 1970 1590 1261 415 915 1

30 2

15 1

74 3,406

Totals

r Annuiti

1,3491,102

8181,4971,0221,1021,138

96590162150822229220213911138789

19

9

35,642$

ies

9,0092,5418,9187,1112,4852,2708,2965,3941,7491,2038,5162,6452,0782,7179,3701,5908,8618,5159,715

9,430

9,715

2,354

78

ERND TS

Exhibit VI-13 Retiree and BNumber and Distributed b

Total Service Retir

Age N

43444546474849505152535455565758596061626364656667686970717273747576777879808182

Beneficiary MAnnual Retir

by Age

rees

Mal

umber A

1 $

31627796

110149165183284365455507568592547566604592582606699595407440476486421360312300248209221187178

Membership rement Allow

e

Annuities

17,171

1,299,1572,562,9413,458,9844,112,3844,657,6596,744,1727,327,3958,766,336

14,117,02218,892,60622,984,87525,951,67229,054,48130,219,61427,480,66928,347,23030,723,05428,846,83928,652,32330,388,63834,263,22428,155,66119,232,16820,607,22721,441,61121,508,03218,252,97915,158,78512,709,08012,028,97410,159,2898,051,6707,871,1686,615,7016,218,892

Data as of Jwances

Fe

Number

277

1014102413162725332433282521201914165

1192633

31

2

an. 1, 2016

emale

Annuities

91,63313,41285,61432,27588,80450,66

1,053,13593,20800,65

1,320,161,105,251,599,381,201,991,594,791,339,281,235,651,035,96

943,52891,94678,01825,35231,67487,96450,2065,15

263,28145,84104,94

84,0939,08

37,02

Number

1

31 3311 6913 8473 10607 12467 15932 18907 19653 30068 39256 48086 54092 59293 62588 57550 59161 62520 61242 60112 62050 71575 60067 41808 44950 47880 49246 42448 363

312300248

91 21280 222

18723 180

Totals

r Annuiti

17$

1,3902,8763,7444,5445,2467,1948,3809,359

14,91720,21224,09027,55130,25631,81428,81929,58231,75929,79029,54431,06635,08828,38719,72021,05721,50621,77118,39815,26312,70912,02810,1598,1357,9106,6156,255

ies

7,171

0,7886,3524,5974,6576,4664,8390,5279,5437,6752,7750,1311,0586,4744,4079,9582,8809,0150,3594,2646,6518,5747,3370,1357,4356,7621,3128,8243,7339,0808,9749,2895,7610,2495,7015,915

79

ERND TS(

Exhibit VI-13 Retiree and BNumber and Distributed b

Total Service RetirContinued)

Age N

8384858687888990919293949596979899

Total 1

Beneficiary MAnnual Retir

by Age

rees

Mal

umber A

1391561491171271261046752351716146531

13,815 6$

Membership rement Allow

e

Annuities

4,254,5934,796,5004,453,3313,360,5923,532,8703,521,3422,913,7981,733,6891,326,030

831,812403,692444,117321,302149,400115,94162,65321,009

629,122,356

Data as of Jwances

Fe

Number

511

440 $

an. 1, 2016

emale

Annuities

136,1421,3125,70

20,473,14$

Number

48 14410 15703 150

1171271261046752351716146531

41 14,255

Totals

r Annuiti

4,3904,8174,4793,3603,5323,5212,9131,7331,326

8314034443211491156221

649,595$

ies

0,7417,8109,0330,5922,8701,3423,7983,6896,0301,8123,6924,1171,3029,4005,9412,6531,009

5,497

80

ERND TD

Exhibit VI-14 Retiree and BNumber and Distributed b

Total Disability Ret

Age N

30313233343536373839404142434445464748495051525354555657585960616263646566676869

Beneficiary MAnnual Retir

by Age

tirees

Mal

umber A

1 $

22667

1512122232274963806187

11395

124122107103132120120150177157157192193204210195209209276215

Membership rement Allow

e

Annuities

35,385

47,66477,561

194,603162,041223,150463,029366,255423,692770,792

1,092,984882,676

1,736,5252,417,2583,205,6862,322,1013,394,9174,279,7103,849,6745,005,7014,880,1834,268,7594,190,7025,155,2605,128,8955,041,1726,358,7837,735,1106,574,1886,695,0698,251,4778,588,6488,478,0818,624,8868,001,3548,592,5158,418,631

11,329,0678,329,166

Data as of Jwances

Fe

Number

231325276

129

1217182015182234202518151524383424222823121719151211

an. 1, 2016

emale

Annuities

57,6463,6327,1537,6848,71

191,0528,96

227,94215,89431,73233,32424,60647,38645,23759,20474,09629,68837,32

1,196,48808,71956,67620,76609,85618,23972,67

1,515,511,173,74

948,99767,69

1,135,51911,50506,49646,19733,33595,20388,10389,90

Number

1

242 431 956 788 1014 1759 1766 1446 2995 3838 3926 5805 7581 9731 7907 10794 12885 11323 14685 15617 12774 12861 15059 13530 13575 17413 21547 19199 18197 21410 22108 22792 22295 21230 22805 22407 28806 226

Totals

r Annuiti

35$

47135258189260511557452998

1,3081,3141,9692,8413,8532,9674,1544,7534,4795,8436,0765,0775,1475,7765,7385,6597,3319,2507,7477,6449,0199,7249,3899,1318,6479,3259,013

11,7178,719

ies

5,385

7,6645,2038,2349,1970,8381,7427,3142,6588,7388,8794,4149,8511,8633,0687,3324,1243,8059,3603,0236,6687,4767,3766,0218,7549,4021,4590,6227,9354,0699,1744,1589,5901,3787,5495,8453,8367,1749,072

81

ERND TD(

Exhibit VI-14 Retiree and BNumber and Distributed b

Total Disability RetContinued)

Age N

70717273747576777879808182838485868788899091929394

Total

Beneficiary MAnnual Retir

by Age

tirees

Mal

umber A

161150181155137115118104887469463732253519282821178432

5,721 2$

Membership rement Allow

e

Annuities

6,345,0765,735,5096,635,2365,607,7145,097,9484,244,0664,277,9073,333,1572,818,9452,444,4562,052,5141,414,3551,002,620

899,888642,942924,463487,554730,071665,389526,156379,224184,33886,49454,11733,360

222,216,848

Data as of Jwances

Fe

Number

34131

3

1

596 $

an. 1, 2016

emale

Annuities

88,75149,5933,9182,8938,39

133,90

22,01

22,026,38$

Number

57 16498 15414 18292 15895 138

115118

09 1078874694637322535192828211784

18 42

84 6,317

Totals

r Annuiti

6,4335,8856,6695,6905,1364,2444,2773,4672,8182,4442,0521,4141,002

899642924487730665526379184867633

244,243$

ies

3,8335,1079,1500,6066,3434,0667,9077,0668,9454,4562,5144,3552,6209,8882,9424,4637,5540,0715,3896,1569,2244,3386,4946,1353,360

3,231

82

ERND TS

Exhibit VI-15 Retiree and BNumber and Distributed b

Total Survivors an

Age N

23456789

1011121314151617181920212223242526272829303132333435363738394041

Beneficiary MAnnual Retir

by Age

d Beneficiar

Mal

umber A

1 $ 4211567966

161311142612204711

21

111

1

22

1

11

Membership rement Allow

ries

e

Annuities

2,650 10,5985,2992,6502,650

13,24815,89818,54723,84615,89815,89861,77134,35129,14637,09481,23831,79551,57010,59818,5082,650

16,945

19,4802,650

2,65025,41428,747

2,650

28,6975,299

2,650

27,0122,650

Data as of Jwances

Fe

Number

2 $1

41448769

131117161516169621

121223134161246

109

an. 1, 2016

emale

Annuities

5,29$ 2,65

10,592,65

10,5910,5921,1918,5415,8423,8434,4429,1444,7642,3539,6546,0957,8723,8415,805,29

10,95

9,715,29

47,3712,3620,6721,5910,9510,2138,869,71

39,364,92

46,0939,1784,5894,95

108,26

Number

99 350 5

298 550 298 998 1097 1547 1644 1246 1545 2946 2462 2854 3050 4192 2871 3646 1304 1399 359 2

15 399 372 165 374 397 459 119 361 515 165 820 395 276 589 658 1166 10

Totals

r Annuiti

7$ 135

135

23263942313996637379

12077

10934347

27

297

471546501010419

6810464184

121110

ies

7,9493,2485,2993,2485,2993,8466,4969,7442,3941,7419,7446,2163,4973,9089,4480,8897,8879,4414,4454,3127,9497,904

9,1957,9497,3725,0146,0880,3450,9590,2191,5109,7158,0620,2196,0951,8264,5891,9700,916

83

ERND TS(

Exhibit VI-15 Retiree and BNumber and Distributed b

Total Survivors anContinued)

Age Nu

42434445464748495051525354555657585960616263646566676869707172737475767778798081

Beneficiary MAnnual Retir

by Age

d Beneficiar

Male

umber An

112243631243457244111

15331111

2

12

2

Membership rement Allow

ries

nnuities N

2,65014,54830,9365,299

38,52515,01448,15328,4662,6505,299

17,6647,949

19,05536,25197,31112,36546,82737,0652,6509,7159,715

9,71562,97922,08029,1462,6509,715

29,6682,650

19,430

2,65035,113

19,430

Data as of Jwances

Fem

Number A

14131123192133353851395249565977

105719095

119162140125181204202179133209214233235227224219248210250241

an. 1, 2016

ale

Annuities

180,536188,927109,292372,980227,751214,059532,831426,065508,434702,495577,896671,600638,618634,683774,052938,154

1,433,991874,005

1,041,1781,165,2991,491,5542,064,0341,848,4181,429,3662,286,7732,477,9812,308,9352,085,3551,423,3562,347,9272,371,3362,464,6222,603,3402,413,3242,312,2362,274,1452,536,2082,105,4882,498,6172,425,226

To

Number

15141325232439383953435553616679

109759196

120162141130184207203180134210214235235228226219248210250243

otals

Annuities

183,186203,476140,228378,279266,276229,073580,983454,530511,083707,794595,560679,549657,673670,935871,363950,519

1,480,818911,070

1,043,8281,175,0151,501,2692,064,0341,858,1331,492,3462,308,8532,507,1262,311,5852,095,0701,453,0242,350,5762,371,3362,484,0522,603,3402,415,9732,347,3482,274,1452,536,2082,105,4882,498,6172,444,656

84

ERND TS(

Exhibit VI-15 Retiree and BNumber and Distributed b

Total Survivors anContinued)

Age N

828384858687888990919293949596979899

100101102103104

Total

Beneficiary MAnnual Retir

by Age

d Beneficiar

Mal

umber A

1

1

1

274 $

Membership rement Allow

ries

e

Annuities

2,650

2,650

9,715

1,399,091

Data as of Jwances

Fe

Number

2522272022872222222151851581329447604027151214534

1

7,556 $

an. 1, 2016

emale

Annuities

2,501,992,225,982,016,012,807,232,209,702,272,742,111,811,722,381,473,451,285,39

911,77412,25541,02396,64249,34136,90105,74127,0948,5729,1438,86

9,71

80,691,09$

Number

99 25288 22814 20232 28706 22240 22310 21584 18558 15890 13276 9451 4725 6045 4149 2709 1540 1291 1476 546 361 4

15 1

90 7,830

Totals

r Annuiti

2,5012,2282,0162,8072,2092,2752,1111,7221,4731,285

911412541406249136105127482938

9

82,090$

ies

1,9998,6376,0147,2329,7065,3891,8102,3843,4585,3901,7762,2511,0256,3609,3496,9095,7407,0918,5769,1468,861

9,715

0,181

85

G

Nd

Apoth

ArscrEp

AVli

AMS

A

Ata

Afvo

Glossa

Note that the fdefinition, in it

Actuarial Accpast service. of future normthat should be

Actuarial Assretirement, invseparation, anconditions. Erate appropriaEstimates of fprovisions – in

Actuarial CosValue of Projeiability. Some

Actuarial MetMethod, and tSystem. The

Actuarial Equ

Actuarial Prehe future. It iaccount the p

Actuarial Valfunded ratio. value of assetof assets.

ry of Te

first definitiontalics.

crued LiabilitAlso differen

mal cost. Some in the Fund.

sumptions. vestment incond retirement)conomic (“mo

ate in an inflatfuture events nto an estima

st Method. Aected Benefitsetimes referre

thods. The cthe Asset ValFunding Poli

uivalent. Ben

esent Value. is determinedrobability of p

ue of AssetsThe AVA cants is used to l

erms

ns given are th

ty (AAL). Thce between (etimes referre The funding

Estimates of ome and sala) are generalloney”) assumtion-free envirused to proje

ate of future b

A mathematics (PVFB) betwed to as the “a

collective termuation Methoicy.

nefits whose

The amount d by discountipayment.

s (AVA). Then be thought oimit contributi

he “official” de

he portion of ti) the actuariaed to as “accrg target.

future plan exry increases. ly based on p

mptions (salaryronment plus

ect what we knenefits.

cal budgeting ween the normactuarial fund

m for the Actud used to dev

actuarial pres

of funds presng the future

e value of assof as the averion volatility.

efinitions of th

he Present Val present valrued liability”

xperience wit Demograph

past experiency increases aa provision fo

now now- cur

procedure fomal costs to bding method.”

arial Cost Mevelop the con

sent values a

sently requirepayments at

ets used to drage value of Also known a

he term. For

Value of Projecue of future bor “past servi

th respect to ric (“people”) ace, often modnd investmenor a long-termrrent member

r allocating thbe paid in the

ethod, the Amntribution requ

re equal.

d to provide aa predetermi

etermine the assets over a

as the funding

some terms t

cted Benefitsbenefits, and ice liability.”

rates of mortaassumptions

dified for projent income) com average ratr data, assets

he dollar amoe future and th

mortization Pauirements for

a payment or ined rate of in

contribution a period of yeg value of ass

there is a sec

s (PVFB) alloc(ii) the presenThe amount o

ality, disability(rates of mor

ected changensist of an unte of inflation.s, and benefit

ount of the Prehe actuarial a

ayment for UAthe Retireme

series of paynterest, taking

requirement aears. This smsets. Smooth

86

cond

cated to nt value of money

y, rtality, s in

nderlying

esent ccrued

AAL ent

yments in g into

and moothed hed value

G(

Acp

T

AcloCna

Esam

Fto

Fks

Nfc

Glossa(Contin

Amortizationcontributions opayment for U

Amortizatrecent whSimilar to paid off.

Amortizatof pay. Mcost that i

Amortizatthe end ofto refinanc

Amortizata schedul

The amortizat

Asset Valuatcomponents aonger. The cCorridors are needed for avand losses ov

Experience Gset of actuariaactuarial cost mark in a give

Fiduciary Neto provide ben

Funded Ratioknown as the should have in

Net Pension fiduciary net pcontributing e

ry of Tenued)

n Payment foof interest an

UAAL includes

ion Period Lehite papers reg

a mortgage,

ion payment Most PERS am

s developed

ion schedule f the amortizacing the UAA

ion schedule e, also known

tion payment

ion Method. are the averagcorridor limits more commo

veraging periover a sufficien

Gain Loss. Aal assumptionmethod being

en year.

t Position (Fnefits.

o. The percefunded statusn the fund.

Liability (NPposition (FNPntities to plan

erms

r UAAL. Payd principal, ass:

ength – Genegarding publicthe shorter th

increases – Fmortize UAALas a level per

can be closeation period th

AL year after y

UAAL can ben as layered a

for UAAL can

The componging period anthe actuarial

on with longerods of five yeatly small perio

A measure of ns during the pg used. The

NP). Used fo

nt of the actus. The ratio o

PL). Used for ). It is similar

n members fo

yment of the us opposed to

rally amortizac sector actuahe amortizatio

Future paymeL as a level percent of pay c

ed or open. Ahe UAAL is deyear.

e amortized oamortization.

n be thought o

nents of how tnd the corridovalue of asse

r averaging pears or less beod and becau

the differenceperiod betweeexperience G

or GASB 67, i

arial accruedof how much

GASB 67, it r to the UAALr benefits pro

unfunded actua lump sum p

ation periods uarial practice on period, the

ents can be leercent of pay wcan result in c

A closed amoresigned to be

over a single a

of as the UAA

the actuarial vor. The averaets to within aeriods; white

ecause the peuse corridors

e between acen two actuar

Gain (Loss) re

it represents t

liabilities covmoney you a

is the differenL. It representovided through

uarial accruedpayment. Th

up to 30 yearfavor reducin

e higher the p

evel dollar, likewhich when c

contributions t

rtization schede paid off. An

amortization p

AL mortgage p

value of asseaging period ta percent, saypapers on the

eriod is short eprovide for ex

ctual experienrial valuation

epresents how

the assets, m

vered by the actually have i

nce between tts the liabilityh a defined b

d liability by mhe component

rs are allowedng the period ayment and t

e a mortgagecombined witthat are easie

dule is similan open amortiz

period, or it ca

payment.

ets is to be detends to be 3 y 20%, of the e subject sugenough to recxcessive cont

nce and experdates, in acc

w much the ac

measured at fa

actuarial valuin the fund to

the total pensy of employersenefit pensio

means of perits of the amo

d, although mto 15 to 20 yethe faster the

e, or as a leveh the employer to budget.

r to a mortgagzation period

an be amortiz

eveloped. Typto 5 years buactual marke

ggest that no ccognize assettribution volat

rience anticipordance with ctuary missed

air value, held

e of assets. Athe amount y

sion liability (Ts and nonempn plan.

87

odic rtization

ore ears. UAAL is

el percent er normal

ge – at is similar

zed over

pical ut can be et value. corridor is t gains tility.

ated by a the

d the

d in trust

Also you

TPL) and ployer

G(

Nyab

P

Pabn

PinFpbthS

Rg

Sa

T(s

Uas

V“

Glossa(Contin

Normal Cost.years. Sometaccrued liabilibenefits accru

PERS. A gen

Present Valuallocated to fubenefits accrunumber is rare

Present Valunto today’s doFuture Benefitpromised to abeen earned. there would bSystem as of

Reserve Accgenerally avai

Service Costassumptions u

Total PensionPVFB) alloca

similar to the a

Unfunded Acactuarial valueshortfall, pens

Valuation Da“snapshot dat

ry of Tenued)

. The annualtimes referredty is paid in a

uing during th

neric term give

e of Future Nuture service. uing for membely discussed

e of Future Bollars using ats (PVFB) of tll members a If the Retireme sufficient futhe valuation

ount. An accilable for othe

t. Used for GAunder GASB

n Liability (Tated to past seactuarial accr

ctuarial Accre of assets (Asion debt or p

te. The date te”.

erms

cost assigned to as “currenaddition to thee year.

en to a Public

Normal Cost The value in

bers in the Red.

Benefits (PVFn assumed rathe Retiremes of a valuatioment System unds to pay of

date.

count used toer uses.

ASB 67, it is t67, to current

TPL). Used foervice using trued liability.

ued LiabilityAVA). The UAprefunded amo

that the actu

ed, under the nt service cos

e normal cost

c Employees

(PVFNC). Tn today’s dollaetirement Sys

FB). The proate of investmnt System. Ton date, incluheld assets e

ff all the bene

o indicate that

the annual cot and subsequ

or GASB 67, ithe cost meth

y (UAAL). ThAAL is sometiount if negativ

arial valuation

actuarial fundst.” An amortito arrive at th

Retirement S

he portion of ars of the amostem as of the

ojected future ment return asThe PVFB is tuding future pequal to the Pefits to be paid

t funds have b

ost assigned, uent plan yea

t is the portiood (entry age

he difference bimes referredve.

n calculations

ding method, zation payme

he total contri

System

the Present Vount of contri

e valuation da

benefit paymssumption to dhe discounteday and servic

PVFB and all d in the future

been set asid

using the cosars. It is simil

on of the Prese normal) and

between the ad to as “unfund

s are perform

to current anent toward thebution in a gi

Value of Futuibution to be mate. Note that

ments of the pdetermine thed value of thece for membethe assumpti

e for members

e for a specif

st method (enar to normal c

sent Value of d assumptions

actuarial accrded accrued

ed as of. Als

d subsequene unfunded acven year. Th

ure Benefits (Pmade in the fut in practice, t

plan are discoe Present Vale projected beers which has ions were rears in the Retire

fic purpose an

ntry age normcost.

Future Benefs under GASB

rued liability (Aliability.” Fun

so known as t

88

nt plan ctuarial

he cost of

PVFB) uture for this

unted lue of enefits not yet

alized, ement

nd is not

mal) and

fits B 67. It is

AAL) and nding

the