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HomeMy WebLinkAbout- - Additional Documents - 12/1/2015Costa Mesa Pension Oversight Committee Council Update December 1, 2015 Website: http://www.costamesaca.gov/index.aspx?page=1603 Revenue $180,000,000 $160,000,000 $140,000,000 $120,000,000 $100,000,000 $80,000,000 $60,000,000 City of Costa Mesa General Fund - Actuals and Forecast Sources: Costa !Mesa Finance J#� and PERS 2013 Valuations /�� 00000, 00�/ $40,000,000 o� a 0 o°` o' oD 0 v� 4V oz 46V raw & e a� og ti° N titi N N by N N N do tiv titi tia ,yy tir►: Ay, AY Ap ti`K tig tia —Revenue —Pension Pension $27,000,000 $24,000,000 $21,000,000 $18,000,000 $15,000,000 $12,000,000 $9,000,000 $6,000,000 CM PERS Pensions Status $406 million assets - $623 million liabilities = $217 million unfunded 65.1% funded $23.8 million total annual payments - 2015-16 employer & employee - payments increase for 20+ years Source: PERS 6/30/2013 Valuations How Died We Get Here.? 1999 PERS Actuarial Assumptions - 8.25% Investment returns — too high - Retirement ages — too old - Mortality — too young Retroactive pension increases - Police 50% increase (2% to 3%@50) - Fire 50% increase (2% to 3%@50) - Misc 25% increase (2% to 2.5%@55) Golden Handshake Retirements - Added 2 years to service retroactively PERS Investment Returns - 2014-15 actual = 2.4% - 2013-14 actual = 18.4% - 5 years ending June 2015 = 10.7% - 10 years ending June 2015 = 6.2% - 20 years ending June 2015 = 7.8% Source: CaIPERS Prepayment Options ........................................................................................................................................................................... :2015-16 prepaying ^0$723,000 to Fire side -fund - $500K budget+ Misc. annual lump -sum discount ........................................................................................................................................................................: ......................................................................................................................................................................... :More PERS Options — "Fresh Start" ✓ Larger payments over fewer years ✓ Reduce PERS negative amortization :........................................................................................................................................................................: Sources: CalPERS and Nyhart valuations $1 million pre -pay saves $2.9 million $150,000 $140,000 $130,000 $120,000 $110,000 $100,000 $90,000 $80,000 $70,000 $60,000 Payments 1 2 3 4 5 6 7 8 9 10111213141516171819 20 2122 23 24 25 26 27 28 29 30 Year $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $0 Balanc( Verified with CaIPERS actuary $250,000,000 $200,000,000 U $150,000,000 ra M a� C $100,000,000 C $50,000,000 $0 Costa Mesa Pensions - Payment Comparisons LO 4D P% w M O r4 N M -* LO w P% w M O ri N M -* LO w P% w M 0 ri N M -* ul N N N N N N N N N N M M M M M M M M M M ct I CT IT IT I Ln w 1%% w 6 C rl N M 4 Ln w 1%% w 6 C rl N M Ln w P% w 6 C rl N M ri ri ri ri ri ri N N N N N N N N N N M M M M M M M M M M 8 0 0 o a o 0 0 o a o 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N N Current $1M more/yr $6.3M more/yr Source: CaIPERS 18 annual $6.3M payments "' $228M savings 27 annual $1.OM payments f"O $ 66M savings Revenue Borrowing Options to Pay For Prepayments .......................................................................................................................................................................... :Pension bond for Fire side-fund •:• Lower interest rate - about 5.4% vs PERS 7.5% :• Save "'$7M payments ($41M vs $48M) Fitzgerald 5/7/14 ..................................................................................................................................................................... :Revenue options ^'$6.3 million/year �.� 1/8% sales tax ($50.3M for 1% tax— 2014 CAF R) . $250parcel tax (25,237 parcels OC Assessor) $42 per $100K value prop. tax (2013-14 assessed value $14.96 OC Assessor) .........................................................................................................................................................................: - All options require voter approval - Reserves and Trusts .......................................................................................................................................................................... :NEW !! — PARS' Pension Trust Option ❖IRS approved June 2015 ❖Increase earnings — LAIF cash reserves @ 0.3% ❖Improve credit rating and balance sheet .......................................................................................................................................................................... 1/ Public Agency Retirement Services (private company) Reserves source: 2014 CAFR Recommendation Request staff research and report on, '-Retiree Medical,, Pension trusts '-Revenue/borrowing prepay options see PARS' August 12, 2015 presentation to Pension Oversight Committee http://www. costamesaca. gov/modules/showdocument. aspx?documented=19291 Recommendation ................................................................................................................................................................................. :When sustainable pension :reform is possible: +Offer hybrid defined benefit [PERS] and defined contribution plans [401a/457] ::•Share basic costs 50/50 between employer & employee — same as PEPRA goal ::•Allow employees freedom to contribute additional amounts • • • SustainablePensionComparisons Costa Mesa Pension Oversight Committtee Analysis of Retirement Benefit Alternatives Safety 3%@50 CLASSIC Safety 2.7%@57 PEPRA $122,631 3.00% 28.928% 30 50 $122,631 2.70% 25.300% 30 57 Defined $110,368 $96,466 35 $5,517,786 7.7 29 $3,742,134 6.0 Safety 2.7%@57 PEPRA Total Employee Initial Life / 25 $3,089,837 4.9 Benefit/ $172,586 Final Benefit Normal Service Retmt and Employer Annual Benefit Lifetime Contribution Plan Description Salary 1/ Factor Cost Years Age Contributions Benefit Years Benefits Ratio PERS Defined Benefit Pension Plans Misc 2.5%@55 CLASSIC $69,378 2.00% 16.990% 30 50 $237,968 $41,627 35 $2,081,110 8.7 Misc 2.5%@55 CLASSIC $69,378 2.50% 16.990% 30 55 $237,968 $52,034 31 $2,205,151 9.3 Misc 2.5%@55 CLASSIC $69,378 2.50% 16.990% 30 62 $237,968 $52,034 25 $1,666,649 7.0 Misc 2.5%@55 CLASSIC $69,378 2.50% 16.990% 30 67 $237,968 $52,034 20 $1,264,277 5.3 Misc 2%@62 PEPRA $69,378 1.30% 13.300% 30 55 $186,284 $26,277 31 $1,113,604 6.0 Misc 2%@62 PEPRA $69,378 1.80% 13.300% 30 60 $186,284 $36,384 26 $1,225,066 6.6 Misc 2%@62 PEPRA $69,378 2.00% 13.300% 30 62 $186,284 $40,426 25 $1,294,861 7.0 Misc 2%@62 PEPRA $69,378 2.50% 13.300% 30 67 $186,284 $50,533 20 $1,227,811 6.6 Safety 3%@50 CLASSIC Safety 2.7%@57 PEPRA $122,631 3.00% 28.928% 30 50 $122,631 2.70% 25.300% 30 57 $716,179 $626,360 $110,368 $96,466 35 $5,517,786 7.7 29 $3,742,134 6.0 Safety 2.7%@57 PEPRA $122,631 2.70% 25.300% 30 62 $626,360 $96,466 25 $3,089,837 4.9 Social Security Comparisons Miscellaneous $69,378 N/A 12.4% now 30 62 $172,586 $18,489 25 $592,217 3.4 Miscellaneous $69,378 N/A 12.4% now 30 67 $172,586 $24,652 20 $598,988 3.5 Safety $122,631 N/A 12.4% now 30 62 $282,121 $18,654 25 $597,497 2.1 Safety $122,631 N/A 12.4% now 30 67 $282,121 $24,872 20 $604,328 2.1 Defined Contribution Plans - 401(a) & 457 - Comparisons Miscellaneous $69,378 N/A 13.300% 30 62 $186,284 $41,427 25 $1,326,919 7.1 Safety $122,631 N/A 25.300% 30 62 $626,360 $139,294 25 $4,461,629 7.1 1/ Average Annual Police and Miscellaneous salaries from PERS 2014 Valuations See appendices for detailed calculations "Only a crisis - actual or perceived - produces real change. When that crisis occurs, the actions that are taken depend on the ideas that are lying around. That, 1 believe, is our basicfunction: to develop alternatives to existing policies, to keep them alive and available until the politically impossible becomes the politically inevitable."" Milton Friedman, Nobel Laureate, Economics Questions ? Appendices Costa Mesa PERS Pensions 30 Years - Unfunded Amortization Pre -payment Estimates Based on PERS Actuary Kerry Worgan and June 30, 2013 Valuations PERS Level Percent PERS Plus PERS Plus of Payroll (3%) Straight Line $1M $6.3M Normal Total Payments Unfunded Payment Years Unfunded Payment Unfunded Payment Unfunded Payment Cost PERS Straight Line PERS +$1M 217,317,543 13,050,033 30 217,317,543 17,747,061 217,317,543 14,050,033 217,317,543 19,350,033 11,947,039 24,997,072 29,694,100 25,997,072 220,085,796 13,441,534 29 215,215,814 17,747,061 219,048,974 14,441,534 213,553,817 19,741,534 11,128,755 24,570,289 28,875,816 25,570,289 222, 655, 752 13, 844, 780 28 212, 956, 455 17, 747, 061 220, 504, 346 14, 844, 780 209,101, 895 20,144, 780 11, 402, 074 25, 246, 854 29,149,135 26, 246, 854 225, 000, 360 14, 260,124 27 210, 527, 644 17, 747, 061 221, 650, 776 15, 260,124 203, 897, 985 20, 560,124 11, 681, 777 25, 941, 901 29, 428, 838 26, 941, 901 227, 090,176 14, 687, 927 26 207, 916, 673 17, 747, 061 222, 452, 552 15, 687, 927 197, 873,144 20, 987, 927 11, 967, 999 26, 655, 926 29, 715, 060 27, 655, 926 228, 893,172 15,128, 565 25 205,109, 878 17, 747, 061 222, 870, 904 16,128, 565 190, 952, 884 21, 428, 565 12, 260, 882 27, 389, 447 30, 007, 943 28, 389, 447 230, 374, 530 15, 582, 422 24 202, 092, 574 17, 747, 061 222, 863, 770 16, 582, 422 183, 056, 741 21, 882, 422 12, 560, 565 28,142, 987 30, 307, 626 29,142, 987 231,496,420 16,049,895 23 198,848,972 17,747,061 222,385,531 17,049,895 174,097,818 22,349,895 12,867,196 28,917,091 30,614,257 29,917,091 232, 217, 767 16, 531, 392 22 195, 362,100 17, 747, 061 221, 386, 739 17, 531, 392 163, 982, 291 22, 831, 392 13,180, 920 29, 712, 312 30, 927, 981 30, 712, 312 232,493,988 17,027,333 21 191,613,713 17,747,061 219,813,811 18,027,333 152,608,872 23,327,333 13,501,885 30,529,218 31,248,946 31,529,218 232,276,722 17,538,153 20 187,584,196 17,747,061 217,608,710 18,538,153 139,868,243 23,838,153 13,830,248 31,368,401 31,577,309 32,368,401 231,513,532 18,064,298 19 183,252,466 17,747,061 214,708,596 19,064,298 125,642,438 24,364,298 14,166,160 32,230,458 31,913,221 33,230,458 230,147, 584 18, 606, 227 18 178, 595, 856 17, 747, 061 211, 045, 456 19, 606, 227 109, 804,179 24, 906, 227 14, 509, 779 33,116, 006 32, 256, 840 34,116, 006 228,117, 306 19,164, 414 17 173, 590, 000 17, 747, 061 206, 545, 697 20,164, 414 92, 216,167 25, 464, 414 14, 861, 266 34, 025, 680 32, 608, 327 35, 025, 680 225,356,017 19,739,346 16 168,208,705 17,747,061 201,129,715 20,739,346 72,730,314 26,039,346 15,220,782 34,960,128 32,967,843 35,960,128 221,791,529 20,331,526 15 162,423,813 17,747,061 194,711,432 21,331,526 51,186,919 26,631,526 15,588,496 35,920,022 33,335,557 36,920,022 217,345,719 20,941,472 14 156,205,054 17,747,061 187,197,792 21,941,472 27,413,783 27,241,472 15,964,572 36,906,044 33,711,633 37,906,044 211, 934, 067 21, 569, 716 13 149, 519, 889 17, 747, 061 178, 488, 224 22, 569, 716 1,225,258 1,270,374 16, 349,185 37, 918, 901 34, 096, 246 38, 918, 901 205,465,164 22,216,808 12 142,333,335 17,747,061 168,474,061 23,216,808 0 16,742,505 38,959,313 34,489,566 39,959,313 197,840,175 22,883,312 11 134,607,791 17,747,061 157,037,917 23,883,312 17,144,711 40,028,023 34,891,772 41,028,023 188, 952, 265 23, 569, 811 10 126, 302, 830 17, 747, 061 144, 053, 016 24, 569, 811 17, 555, 981 41,125, 792 35, 303, 042 42,125, 792 178, 685, 984 24, 276, 906 9 117, 374, 997 17, 747, 061 129, 382, 469 25, 276, 906 17, 976, 497 42, 253, 403 35, 723, 558 43, 253, 403 166,916,601 25,005,213 8 107,777,577 17,747,061 112,878,500 26,005,213 18,406,443 43,411,656 36,153,504 44,411,656 153,509,390 25,755,369 7 97,460,351 17,747,061 94,381,609 26,755,369 18,846,007 44,601,376 36,593,068 45,601,376 138,318,859 26,528,030 6 86,369,332 17,747,061 73,719,673 27,528,030 19,295,380 45,823,410 37,042,441 46,823,410 121,187,926 27,323,871 5 74,446,487 17,747,061 50,706,979 28,323,871 19,754,752 47,078,623 37,501,813 48,078,623 101,947,027 28,143,588 4 61,629,428 17,747,061 25,143,187 26,069,011 20,224,322 48,367,910 37,971,383 46,293,333 80, 413,162 28, 987, 895 3 47, 851, 091 17, 747, 061 0 20, 704, 287 49, 692,182 38, 451, 348 20, 704, 287 56,388,859 29,857,532 2 33,039,378 17,747,061 21,194,847 51,052,379 38,941,908 21,194,847 29, 661, 076 30, 753, 258 1 17,116, 786 17, 747, 061 21, 696, 208 52, 449, 466 39, 443, 269 21, 696, 208 0 22, 208, 574 22, 208, 574 22, 208, 574 22, 208, 574 620, 860, 751 532, 411, 843 555,187, 490 392, 359, 815 494, 740, 094 1,115, 600, 845 1,027,151,937 1, 049, 927, 584 Savings 88,448,909 65,673,262 228,500,936 14.25% 10.58% 36.80% Payments 30 30 27 18 Sustainable Pension Alternative Supporting Detail Calculations CMPOC Pension Calculator Participant Retirement Age Years of Service Final Year Salary Payroll Growth Factor Normal Cost Employee Pension Contribution Rate City Pension Contribution Rate Investment Rate of Return (Discount Rate) Life Expectancy CalPERS Miscellaneous 2.5%@55 Classic Employees Benefit Calculation: 9/24/2015 5o Age 50 Retirement Maximum Service Accrual (years) Number of Payments (years) Costa Mesa Valuation average as of 6/30/2013 page C-2 Final Average Compensation years Costa Mesa Valuation as of 6/30/2013 page A-5 Final Average Compensation (FAC) Costa Mesa Valuation as of 6/30/2013 page 6 Benefit Factor (%of FAC) First Year Pension % of FAC First Year Pension (dollars) Costa Mesa Valuation as of 6/30/2013 page A-3 Account Balance at Retirement PERS Actuary Life Expectancies Table Cost Of Living Allowance (COLA) N/A 30 35 $69,378 1 3.00% $69,378 16.990% 2.00% 8.495% 60.0% 8.495% $41,627 7.50% $729,721 35 2.00% Benefit Year Pension Benefit Payable Employment Year Salary Pension Employee Contribution Contributions City Contribution and Account Total Contributions (per year) Values Accumulated Total Contributions Investment Income for Current Year Year End Account Value 1 29,440 2,501 2,501 5,002 5,002 188 5,189 2 30,324 2,576 2,576 5,152 10,154 582 10,924 3 31,233 2,653 2,653 5,307 15,460 1,018 17,249 4 1 32,170 2,733 2,733 1 5,466 20,926 1,499 24,213 5 33,135 2,815 2,815 5,630 26,556 2,027 31,870 6 34,129 2,899 2,899 5,799 32,354 2,608 40,276 7 35,153 2,986 2,986 5,973 38,327 3,245 49,493 8 36,208 3,076 3,076 6,152 44,479 3,943 59,588 9 37,294 3,168 3,168 6,336 50,815 4,707 70,631 10 38,413 3,263 3,263 6,526 57,341 5,542 82,699 11 39,565 3,361 3,361 1 6,722 64,063 6,455 95,876 12 40,752 3,462 3,462 6,924 70,987 7,450 110,250 13 41,975 3,566 3,566 7,132 78,119 8,536 125,917 14 43,234 3,673 3,673 7,345 85,464 9,719 142,982 15 44,531 3,783 3,783 7,566 93,030 11,007 161,555 16 45,867 3,896 3,896 7,793 100,823 12,409 181,757 17 47,243 4,013 4,013 8,027 108,849 13,933 203,716 18 48,660 4,134 4,134 1 8,267 117,117 15,589 227,573 19 50,120 4,258 4,258 8,515 125,632 17,387 253,475 20 51,624 4,385 4,385 8,771 134,403 19,340 281,586 21 53,172 4,517 4,517 9,034 143,437 21,458 312,077 22 54,768 4,653 4,653 9,305 152,742 23,755 345,137 23 56,411 4,792 4,792 9,584 162,326 26,245 380,966 24 58,103 4,936 4,936 9,872 172,198 28,943 419,780 25 59,846 5,084 5,084 10,168 182,366 31,865 461,813 26 61,641 5,236 5,236 10,473 192,839 35,029 507,315 27 63,491 5,394 5,394 10,787 203,626 38,453 556,555 28 65,395 5,555 5,555 11,111 214,736 42,158 609,824 29 67,357 5,722 5,722 11,444 226,180 46,166 667,434 30 69,378 5,894 5,894 11,787 237,968 50,500 729,721 31 32 33 34 35 36 37 38 39 40 TOTALS 1,400,635 118,984 118,984 237,968 491,753 729,721 Benefit Year Pension Benefit Payable Payments Opening Account Value & Account Balance Account Investment Income Closing Account Value Account Surplus/ Deficit 1 41,627 729,721 53,168 741,262 741,262 2 42,459 741,262 54,002 752,805 752,805 3 43,309 752,805 54,836 764,333 764,333 4 1 44,175 764,333 1 55,668 775,826 1 775,826 5 45,058 775,826 56,497 787,266 787,266 6 45,959 787,266 57,321 798,628 798,628 7 46,879 798,628 58,139 809,888 809,888 8 47,816 809,888 58,949 821,021 821,021 9 48,772 821,021 59,748 831,996 831,996 10 49,748 831,996 60,534 842,782 842,782 11 1 50,743 842,782 61,306 853,345 853,345 12 51,758 853,345 62,060 863,647 863,647 13 52,793 863,647 62,794 873,648 873,648 14 53,849 873,648 63,504 883,304 883,304 15 54,926 883,304 64,188 892,566 892,566 16 56,024 892,566 64,842 901,384 901,384 17 57,145 901,384 65,461 1 909,700 909,700 18 1 58,288 909,700 66,042 917,454 917,454 19 59,453 917,454 66,580 924,580 924,580 20 60,642 924,580 67,069 931,007 931,007 21 61,855 931,007 67,506 936,658 936,658 22 63,092 936,658 67,883 941,449 941,449 23 64,354 941,449 68,195 945,290 945,290 24 65,641 945,290 68,435 948,084 948,084 25 66,954 948,084 68,596 949,725 949,725 26 68,293 949,725 68,668 950,101 950,101 27 69,659 950,101 68,645 949,087 949,087 28 71,052 949,087 68,517 946,552 946,552 29 72,473 946,552 68,274 942,352 942,352 30 73,923 942,352 67,904 936,334 936,334 31 75,401 936,334 67,397 928,330 928,330 32 76,909 928,330 66,741 1 918,161 918,161 33 78,447 918,161 65,920 905,634 905,634 34 80,016 905,634 64,922 890,540 890,540 35 81,617 890,540 63,730 872,653 872,653 36 37 38 39 40 TOTALS 2,081,110 CMPOC Pension Calculator Participant Retirement Age Years of Service Final Year Salary Payroll Growth Factor Normal Cost Employee Pension Contribution Rate City Pension Contribution Rate Investment Rate of Return (Discount Rate) Life Expectancy CAPERS Miscellaneous 2.5%@55 Classic Employees Benefit Calculation: 9/24/2015 55 Age 55 Retirement Maximum Service Accrual (years) Number of Payments (years) Costa Mesa Valuation average as of 6/30/2013 page C-2 Final Average Compensation years Costa Mesa Valuation as of 6/30/2013 page A-5 Final Average Compensation (FAC) Costa Mesa Valuation as of 6/30/2013 page 6 Benefit Factor (% of FAC) First Year Pension % of FAC First Year Pension (dollars) Costa Mesa Valuation as of 6/30/2013 page A-3 Account Balance at Retirement PERS Actuary Life Expectancies Table Cost Of Living Allowance (COLA) N/A 30 31 $69,378 1 3.00% $69,378 16.990% 2.50% 8.495% 75.0% 8.495% $52,034 7.50% $729,721 31 2,501 Benefit Year Pension Benefit Payable Employment Year Salary Pension Employee Contribution Contributions City Contribution and Account Total Contributions (peryear) Values Accumulated Total Contributions Investment Income for Current Year Year End Account Value 1 29,440 2,501 2,501 5,002 5,002 188 5,189 2 30,324 2,576 2,576 5,152 10,154 582 10,924 3 31,233 2,653 2,653 5,307 15,460 1,018 17,249 4 1 32,170 2,733 2,733 1 5,466 20,926 1,499 24,213 5 33,135 2,815 2,815 5,630 26,556 2,027 31,870 6 34,129 2,899 2,899 5,799 32,354 2,608 40,276 7 35,153 2,986 2,986 5,973 38,327 3,245 49,493 8 36,208 3,076 3,076 6,152 44,479 3,943 59,588 9 37,294 3,168 3,168 6,336 50,815 4,707 70,631 10 38,413 3,263 3,263 6,526 57,341 5,542 82,699 11 39,565 3,361 3,361 1 6,722 64,063 6,455 95,876 12 40,752 3,462 3,462 6,924 70,987 7,450 110,250 13 41,975 3,566 3,566 7,132 78,119 8,536 125,917 14 43,234 3,673 3,673 7,345 85,464 9,719 142,982 15 44,531 3,783 3,783 7,566 93,030 11,007 161,555 16 45,867 3,896 3,896 7,793 100,823 12,409 181,757 17 47,243 4,013 4,013 8,027 108,849 13,933 203,716 18 48,660 4,134 4,134 1 8,267 117,117 15,589 227,573 19 50,120 4,258 4,258 8,515 125,632 17,387 253,475 20 51,624 4,385 4,385 8,771 134,403 19,340 281,586 21 53,172 4,517 4,517 9,034 143,437 21,458 312,077 22 54,768 4,653 4,653 9,305 152,742 23,755 345,137 23 56,411 4,792 4,792 9,584 162,326 26,245 380,966 24 58,103 4,936 4,936 9,872 172,198 28,943 419,780 25 59,846 5,084 5,084 1 10,168 182,366 31,865 461,813 26 61,641 5,236 5,236 10,473 192,839 35,029 507,315 27 63,491 5,394 5,394 10,787 203,626 38,453 556,555 28 65,395 5,555 5,555 11,111 214,736 42,158 609,824 29 67,357 5,722 5,722 11,444 226,180 46,166 667,434 30 69,378 5,894 5,894 11,787 237,968 50,500 729,721 31 32 33 34 35 36 37 38 39 40 TOTALS 1,400,635 118,984 118,984 237,968 491,753 729,721 Benefit Year Pension Benefit Payable Payments Opening Account Value & Account Balance Account Investment Income Closing Account Value Account Surplus/ Deficit 1 52,034 729,721 52,778 730,465 730,465 2 53,074 730,465 52,795 730,185 730,185 3 54,136 730,185 52,734 728,783 728,783 4 1 55,218 728,783 1 52,588 726,153 1 726,153 5 56,323 726,153 52,349 722,180 722,180 6 57,449 722,180 52,009 716,740 716,740 7 58,598 716,740 51,558 709,700 709,700 8 59,770 709,700 50,986 700,916 700,916 9 60,966 700,916 50,282 690,233 690,233 10 62,185 690,233 49,436 677,483 677,483 11 63,429 1 677,483 48,433 1 662,487 662,487 12 64,697 662,487 47,260 1 645,051 645,051 13 65,991 645,051 45,904 624,964 624,964 14 67,311 624,964 44,348 602,001 602,001 15 68,657 602,001 42,575 575,919 575,919 16 70,030 575,919 40,568 546,457 546,457 17 71,431 546,457 38,306 513,332 513,332 18 72,859 513,332 35,768 476,240 476,240 19 74,317 476,240 32,931 434,854 434,854 20 75,803 434,854 1 29,771 388,823 388,823 21 77,319 388,823 26,262 337,766 337,766 22 78,865 337,766 22,375 281,275 281,275 23 80,443 281,275 18,079 218,912 218,912 24 82,052 218,912 13,341 150,202 1 150,202 25 83,693 150,202 8,127 74,636 74,636 26 85,366 74,636 2,396 (8,334) (8,334) 27 87,074 (95,408) 28 88,815 (184,223) 29 90,592 (274,815) 30 92,403 (367,218) 31 94,251 (461,470) 32 33 34 35 36 37 38 39 40 TOTALS 2,205,151 CMPOC Pension Calculator Participant Retirement Age Years of Service Final Year Salary Payroll Growth Factor Normal Cost Employee Pension Contribution Rate City Pension Contribution Rate Investment Rate of Return (Discount Rate) Life Expectancy CAPERS Miscellaneous 2.5%@55 Classic Employees Benefit Calculation: 9/24/2015 62 Age 62 Retirement Maximum Service Accrual (years) Number of Payments (years) Costa Mesa Valuation average as of 6/30/2013 page C-2 Final Average Compensation years Costa Mesa Valuation as of 6/30/2013 page A-5 Final Average Compensation (FAC) Costa Mesa Valuation as of 6/30/2013 page 6 Benefit Factor (% of FAC) First Year Pension % of FAC First Year Pension (dollars) Costa Mesa Valuation as of 6/30/2013 page A-3 Account Balance at Retirement PERS Actuary Life Expectancies Table Cost Of Living Allowance (COLA) N/A 30 25 $69,378 1 3.00% $69,378 16.990% 2.50% 8.495% 75.0% 8.495% $52,034 7.50% $729,721 25 2,501 Benefit Year Pension Benefit Payable Employment Year Salary Pension Employee Contribution Contributions City Contribution and Account Total Contributions (peryear) Values Accumulated Total Contributions Investment Income for Current Year Year End Account Value 1 29,440 2,501 2,501 5,002 5,002 188 5,189 2 30,324 2,576 2,576 5,152 10,154 582 10,924 3 31,233 2,653 2,653 5,307 15,460 1,018 17,249 4 1 32,170 2,733 2,733 1 5,466 20,926 1,499 24,213 5 33,135 2,815 2,815 5,630 26,556 2,027 31,870 6 34,129 2,899 2,899 5,799 32,354 2,608 40,276 7 35,153 2,986 2,986 5,973 38,327 3,245 49,493 8 36,208 3,076 3,076 6,152 44,479 3,943 59,588 9 37,294 3,168 3,168 6,336 50,815 4,707 70,631 10 38,413 3,263 3,263 6,526 57,341 5,542 82,699 11 39,565 3,361 3,361 1 6,722 64,063 6,455 95,876 12 40,752 3,462 3,462 6,924 70,987 7,450 110,250 13 41,975 3,566 3,566 7,132 78,119 8,536 125,917 14 43,234 3,673 3,673 7,345 85,464 9,719 142,982 15 44,531 3,783 3,783 7,566 93,030 11,007 161,555 16 45,867 3,896 3,896 7,793 100,823 12,409 181,757 17 47,243 4,013 4,013 8,027 108,849 13,933 203,716 18 48,660 4,134 4,134 1 8,267 117,117 15,589 227,573 19 50,120 4,258 4,258 8,515 125,632 17,387 253,475 20 51,624 4,385 4,385 8,771 134,403 19,340 281,586 21 53,172 4,517 4,517 9,034 143,437 21,458 312,077 22 54,768 4,653 4,653 9,305 152,742 23,755 345,137 23 56,411 4,792 4,792 9,584 162,326 26,245 380,966 24 58,103 4,936 4,936 9,872 172,198 28,943 419,780 25 59,846 5,084 5,084 1 10,168 182,366 31,865 461,813 26 61,641 5,236 5,236 10,473 192,839 35,029 507,315 27 63,491 5,394 5,394 10,787 203,626 38,453 556,555 28 65,395 5,555 5,555 11,111 214,736 42,158 609,824 29 67,357 5,722 5,722 11,444 226,180 46,166 667,434 30 69,378 5,894 5,894 11,787 237,968 50,500 729,721 31 32 33 34 35 36 37 38 39 40 TOTALS 1,400,635 118,984 118,984 237,968 491,753 729,721 Benefit Year Pension Benefit Payable Payments Opening Account Value & Account Balance Account Investment Income Closing Account Value Account Surplus/ Deficit 1 52,034 729,721 52,778 730,465 730,465 2 53,074 730,465 52,795 730,185 730,185 3 54,136 730,185 52,734 728,783 728,783 4 1 55,218 728,783 1 52,588 726,153 1 726,153 5 56,323 726,153 52,349 722,180 722,180 6 57,449 722,180 52,009 716,740 716,740 7 58,598 716,740 51,558 709,700 709,700 8 59,770 709,700 50,986 700,916 700,916 9 60,966 700,916 50,282 690,233 690,233 10 62,185 690,233 49,436 677,483 677,483 11 63,429 1 677,483 48,433 1 662,487 662,487 12 64,697 662,487 47,260 1 645,051 645,051 13 65,991 645,051 45,904 624,964 624,964 14 67,311 624,964 44,348 602,001 602,001 15 68,657 602,001 42,575 575,919 575,919 16 70,030 575,919 40,568 546,457 546,457 17 71,431 546,457 38,306 513,332 513,332 18 72,859 513,332 35,768 476,240 476,240 19 74,317 476,240 32,931 434,854 434,854 20 75,803 434,854 1 29,771 388,823 388,823 21 77,319 388,823 26,262 337,766 337,766 22 78,865 337,766 22,375 281,275 281,275 23 80,443 281,275 18,079 218,912 218,912 24 82,052 218,912 13,341 150,202 150,202 25 83,693 150,202 8,127 74,636 74,636 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 TOTALS 1,666,649 CMPOC Pension Calculator CAPERS Miscellaneous 2.5%@55 Classic Employees Benefit Calculation: Participant Retire mentAge Years of Service Final Year Salary Payroll Growth Factor Normal Cost Employee Pension Contribution Rate City Pension Contribution Rate Investment Rate of Return (Discount Rate) Life Expectancy 67 Age 67 Retirement Maximum Service Accrual (years) Number of Payments (years) Costa Mesa Valuation average as of 6/30/2013 page C-2 Final Average Compensation years Costa Mesa Valuation as of 6/30/2013 page A-5 Final Average Compensation (FAC) Costa Mesa Valuation as of 6/30/2013 page 6 Benefit Factor (% of FAC) First Year Pension %of FAC First Year Pension (dollars) Costa Mesa Valuation as of 6/30/2013 page A-3 Account Balance at Retirement PERS Actuary Life Expectancies Table Cost Of Living Allowance (COLA) N/A 30 20 $69,378 1 3.00% $69,378 16.990% 2.50% 8.495% 75.0% 8.495% $52,034 7.50% $729,721 20 2.00% 9/24/2015 Benefit Year Pension Benefit Payable Employment Year Salary Pension Employee Contribution Contributions City Contribution and Account Total Contributions (per year) Values Accumulated Total Contributions Investment Income for Current Year Year End Account Value 1 29,440 2,501 2,501 5,002 5,002 188 5,189 2 30,324 2,576 2,576 5,152 10,154 582 10,924 3 31,233 2,653 2,653 5,307 15,460 1,018 17,249 4 1 32,170 2,733 2,733 1 5,466 20,926 1,499 24,213 5 33,135 2,815 2,815 5,630 26,556 2,027 31,870 6 34,129 2,899 2,899 5,799 32,354 2,608 40,276 7 35,153 2,986 2,986 5,973 38,327 3,245 49,493 8 36,208 3,076 3,076 6,152 44,479 3,943 59,588 9 37,294 3,168 3,168 6,336 50,815 4,707 70,631 10 38,413 3,263 3,263 6,526 57,341 1 5,542 82,699 11 39,565 3,361 3,361 1 6,722 64,063 6,455 95,876 12 40,752 3,462 3,462 6,924 70,987 7,450 110,250 13 41,975 3,566 3,566 7,132 78,119 8,536 125,917 14 43,234 3,673 3,673 7,345 85,464 9,719 142,982 15 44,531 3,783 3,783 7,566 93,030 11,007 161,555 16 45,867 3,896 3,896 7,793 100,823 12,409 181,757 17 47,243 4,013 4,013 8,027 108,849 13,933 203,716 18 48,660 4,134 4,134 8,267 117,117 15,589 227,573 19 50,120 4,258 4,258 8,515 125,632 17,387 253,475 20 51,624 4,385 4,385 8,771 134,403 19,340 281,586 21 53,172 4,517 4,517 9,034 143,437 21,458 312,077 22 54,768 4,653 4,653 9,305 152,742 23,755 345,137 23 56,411 4,792 4,792 9,584 162,326 26,245 380,966 24 58,103 4,936 4,936 9,872 172,198 28,943 419,780 25 59,846 5,084 5,084 10,168 182,366 31,865 461,813 26 61,641 5,236 5,236 10,473 192,839 35,029 507,315 27 1 63,491 5,394 5,394 1 10,787 203,626 38,453 556,555 28 65,395 5,555 5,555 11,111 214,736 42,158 609,824 29 67,357 5,722 5,722 11,444 226,180 46,166 667,434 30 69,378 5,894 5,894 11,787 237,968 50,500 729,721 31 32 33 34 35 36 37 38 39 40 TOTALS 1,400,635 118,984 118,984 237,968 491,753 729,721 9/24/2015 Benefit Year Pension Benefit Payable Payments Opening Account Value & Account Balance Account Investment Income Closing Account Value Account Surplus/ Deficit 1 52,034 729,721 52,778 730,465 730,465 2 53,074 730,465 52,795 730,185 730,185 3 54,136 730,185 52,734 728,783 728,783 4 1 55,218 728,783 1 52,588 726,153 1 726,153 5 56,323 726,153 52,349 722,180 722,180 6 57,449 722,180 52,009 716,740 716,740 7 58,598 716,740 51,558 709,700 709,700 8 59,770 709,700 50,986 700,916 700,916 9 60,966 700,916 50,282 690,233 690,233 10 62,185 690,233 49,436 677,483 677,483 11 63,429 1 677,483 48,433 1 662,487 662,487 12 64,697 662,487 47,260 645,051 645,051 13 65,991 645,051 45,904 624,964 624,964 14 67,311 624,964 44,348 602,001 602,001 15 68,657 602,001 42,575 575,919 575,919 16 70,030 575,919 40,568 546,457 546,457 17 71,431 546,457 38,306 513,332 513,332 18 72,859 513,332 35,768 476,240 476,240 19 74,317 476,240 32,931 434,854 434,854 20 75,803 434,854 29,771 388,823 388,823 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 TOTALS 1,264,277 CMPOC Pension Calculator CAPERS Miscellaneous 2%@62 PEPRA Employees Benefit Calculation: Participant Retire mentAge Years of Service Final Year Salary Payroll Growth Factor Normal Cost Employee Pension Contribution Rate City Pension Contribution Rate Investment Rate of Return (Discount Rate) Life Expectancy 55 Age 55 Retirement Maximum Service Accrual (years) Number of Payments (years) Costa Mesa Valuation average as of 6/30/2013 page C-2 Final Average Compensation years Costa Mesa Valuation as of 6/30/2013 page A-5 Benefit Factor (% of FAC) Costa Mesa Valuation as of 6/30/2013 page D-1 Final Average Compensation (FAC) First Year Pension %of FAC First Year Pension (dollars) Costa Mesa Valuation as of 6/30/2013 page A-3 Account Balance at Retirement PERS Actuary Life Expectancies Table Cost Of Living Allowance (COLA) 30 31 $69,378 3 3.00% 1.30% 13.300% $67,377 6.650% 39.0% 6.650•o $26,277 7.50% $571,235 31 2.00% 9/24/2015 Benefit Year Pension Benefit Payable Employment Year Salary Pension Employee Contribution Contributions City Contribution and Account Total Contributions (per year) Values Accumulated Total Contributions Investment Income for Current Year Year End Account Value 1 29,440 1,958 1,958 3,916 3,916 147 4,062 2 30,324 2,017 2,017 4,033 7,949 456 8,551 3 31,233 2,077 2,077 4,154 12,103 797 13,502 4 1 32,170 2,139 2,139 1 4,279 16,381 1,173 18,954 5 33,13 2,203 2,203 4,407 20,788 1,587 24,948 6 34,129 2,270 2,270 4,539 25,327 2,041 31,529 7 35,153 2,338 2,338 4,675 30,003 2,540 38,744 8 36,208 2,408 2,408 4,816 34,818 3,086 46,646 9 37,294 2,480 2,480 4,960 39,779 3,684 55,291 10 38,413 2,554 2,554 5,109 44,888 4,338 64,738 11 1 39,565 2,631 2,631 5,262 50,150 5,053 75,053 12 40,752 2,710 2,710 5,420 55,570 5,832 86,305 13 41,975 2,791 2,791 5,583 61,152 6,682 98,570 14 43,234 2,875 2,875 5,750 66,903 7,608 111,928 15 44,531 2,961 2,961 5,923 72,825 8,617 126,468 16 45,867 3,050 3,050 6,100 78,925 9,714 142,282 17 47,243 3,142 3,142 6,283 85,209 10,907 159,472 18 48,660 3,236 3,236 6,472 91,681 12,203 178,147 19 50,120 3,333 3,333 6,666 98,347 13,611 198,424 20 51,624 3,433 3,433 6,866 105,213 15,139 220,429 21 53,172 3,536 3,536 7,072 112,285 16,797 244,298 22 54,768 3,642 3,642 7,284 119,569 18,596 270,178 23 56,411 3,751 3,751 7,503 127,071 20,545 298,225 24 58,103 3,864 3,864 7,728 134,799 22,657 328,610 25 59,846 3,980 3,980 7,960 142,758 24,944 361,513 26 61,641 4,099 4,099 8,198 150,957 27,421 397,133 27 1 63,491 4,222 4,222 8,444 159,401 30,102 435,679 28 65,395 4,349 4,349 8,698 168,099 33,002 477,378 29 67,357 4,479 4,479 1 8,959 177,057 36,139 522,476 30 69,378 4,614 4,614 9,227 186,284 39,532 571,235 31 32 33 34 35 36 37 38 39 40 TOTALS 1,400,635 93,142 93,142 186,284 384,951 571,235 9/24/2015 Benefit Year Pension Benefit Payable Payments Opening Account Value & Account Balance Account Investment Income Closing Account Value Account Surplus/ Deficit 1 26,277 571,235 41,857 586,815 586,815 2 26,803 586,815 43,006 603,019 603,019 3 27,339 603,019 44,201 619,881 619,881 4 1 27,885 619,881 1 45,445 637,442 1 637,442 5 28,443 637,442 46,742 655,740 655,740 6 29,012 655,740 48,093 674,821 674,821 7 29,592 674,821 49,502 694,730 694,730 8 30,184 694,730 50,973 715,519 715,519 9 30,788 715,519 52,509 737,241 737,241 10 31,403 737,241 54,115 759,953 759,953 11 32,032 759,953 55,795 1 783,717 783,717 12 32,672 783,717 57,554 808,598 808,598 13 33,326 808,598 59,395 834,668 834,668 14 33,992 834,668 61,325 862,001 862,001 15 1 34,672 862,001 63,350 890,679 890,679 16 35,365 890,679 65,475 920,788 920,788 17 36,073 920,788 67,706 952,422 952,422 18 36,794 952,422 70,052 985,680 985,680 19 37,530 985,680 72,519 1,020,668 1,020,668 20 38,281 1,020,668 75,115 1,057,502 1,057,502 21 39,046 1,057,502 77,848 1,096,304 1,096,304 22 39,827 1,096,304 80,729 1,137,207 1,137,207 23 40,624 1,137, 207 83,767 1,180, 350 1,180,350 24 41,436 1,180,350 86,972 1,225,886 1,225,886 25 42,265 1,225,886 90,357 1,273,978 1,273,978 26 43,110 1,273,978 93,932 1,324,799 1,324,799 27 43,972 1,324,799 97,711 1,378,538 1,378,538 28 44,852 1,378,538 101,708 1,435,395 1,435,395 29 1 45,749 1,435,395 105,939 1,495,585 1,495,585 30 46,664 1,495,585 110,419 1,559,340 1,559,340 31 47,597 1,559, 340 115,166 1,626,908 1,626,908 32 33 34 35 36 37 38 39 40 TOTALS 1,113,604 CMPOC Pension Calculator CAPERS Miscellaneous 2%@62 PEPRA Employees Benefit Calculation: Participant Retire mentAge Years of Service Final Year Salary Payroll Growth Factor Normal Cost Employee Pension Contribution Rate City Pension Contribution Rate Investment Rate of Return (Discount Rate) Life Expectancy 60 Age 60 Retirement Maximum Service Accrual (years) Number of Payments (years) Costa Mesa Valuation average as of 6/30/2013 page C-2 Final Average Compensation years Costa Mesa Valuation as of 6/30/2013 page A-5 Benefit Factor (% of FAC) Costa Mesa Valuation as of 6/30/2013 page D-1 Final Average Compensation (FAC) First Year Pension %of FAC First Year Pension (dollars) Costa Mesa Valuation as of 6/30/2013 page A-3 Account Balance at Retirement PERS Actuary Life Expectancies Table Cost Of Living Allowance (COLA) 30 26 $69,378 3 3.00% 1.80% 13.300% $67,377 6.650% 54.0% 6.650•o $36,384 7.50% $571,235 26 2.00% 9/24/2015 Benefit Year Pension Benefit Payable Employment Year Salary Pension Employee Contribution Contributions City Contribution and Account Total Contributions (per year) Values Accumulated Total Contributions Investment Income for Current Year Year End Account Value 1 29,440 1,958 1,958 3,916 3,916 147 4,062 2 30,324 2,017 2,017 4,033 7,949 456 8,551 3 31,233 2,077 2,077 4,154 12,103 797 13,502 4 1 32,170 2,139 2,139 1 4,279 16,381 1,173 18,954 5 33,13 2,203 2,203 4,407 20,788 1,587 24,948 6 34,129 2,270 2,270 4,539 25,327 2,041 31,529 7 35,153 2,338 2,338 4,675 30,003 2,540 38,744 8 36,208 2,408 2,408 4,816 34,818 3,086 46,646 9 37,294 2,480 2,480 4,960 39,779 3,684 55,291 10 38,413 2,554 2,554 5,109 44,888 4,338 64,738 11 1 39,565 2,631 2,631 5,262 50,150 5,053 75,053 12 40,752 2,710 2,710 5,420 55,570 5,832 86,305 13 41,975 2,791 2,791 5,583 61,152 6,682 98,570 14 43,234 2,875 2,875 5,750 66,903 7,608 111,928 15 44,531 2,961 2,961 5,923 72,825 8,617 126,468 16 45,867 3,050 3,050 6,100 78,925 9,714 142,282 17 47,243 3,142 3,142 6,283 85,209 10,907 159,472 18 48,660 3,236 3,236 6,472 91,681 12,203 178,147 19 50,120 3,333 3,333 6,666 98,347 13,611 198,424 20 51,624 3,433 3,433 6,866 105,213 15,139 220,429 21 53,172 3,536 3,536 7,072 112,285 16,797 244,298 22 54,768 3,642 3,642 7,284 119,569 18,596 270,178 23 56,411 3,751 3,751 7,503 127,071 20,545 298,225 24 58,103 3,864 3,864 7,728 134,799 22,657 328,610 25 59,846 3,980 3,980 7,960 142,758 24,944 361,513 26 61,641 4,099 4,099 8,198 150,957 27,421 397,133 27 63,491 4,222 4,222 8,444 159,401 30,102 435,679 28 65,395 4,349 4,349 1 8,698 168,099 33,002 477,378 29 67,357 4,479 4,479 8,959 177,057 36,139 522,476 30 69,378 4,614 4,614 9,227 186,284 39,532 571,235 31 32 33 34 35 36 37 38 39 40 TOTALS 1,400,635 93,142 93,142 186,284 384,9511 571,235 9/24/2015 Benefit Year Pension Benefit Payable Payments Opening Account Value & Account Balance Account Investment Income Closing Account Value Account Surplus/ Deficit 1 36,384 571,235 41,478 576,330 576,330 2 37,111 576,330 41,833 581,052 581,052 3 37,853 581,052 42,159 585,358 585,358 4 1 38,610 585,358 1 42,454 589,201 1 589,201 5 39,383 589,201 42,713 592,532 592,532 6 40,170 592,532 42,933 595,295 595,295 7 40,974 595,295 43,111 597,432 597,432 8 41,793 597,432 43,240 598,878 598,878 9 42,629 598,878 43,317 599,567 599,567 10 43,482 599,567 43,337 599,422 599,422 11 44,351 599,422 43,293 1 598,364 598,364 12 45,238 598,364 43,181 1 596,307 596,307 13 46,143 596,307 42,993 593,156 593,156 14 47,066 593,156 42,722 588,812 588,812 15 1 48,007 588,812 42,361 583,165 583,165 16 48,967 583,165 41,901 576,099 576,099 17 49,947 576,099 41,334 567,486 567,486 18 50,946 567,486 40,651 557,192 557,192 19 51,965 557,192 39,841 545,068 545,068 20 53,004 545,068 38,892 530,956 530,956 21 54,064 530,956 37,794 514,687 514,687 22 55,145 514,687 36,534 496,075 496,075 23 56,248 496,075 35,096 474,923 474,923 24 57,373 474,923 33,468 451,018 451,018 25 58,521 451,018 31,632 424,129 424,129 26 59,691 424,129 29,571 394,009 394,009 27 28 29 30 31 32 33 34 35 36 37 38 39 40 TOTALS 1,225,066 CMPOC Pension Calculator CAPERS Miscellaneous 2%@62 PEPRA Employees Benefit Calculation: Participant Retire mentAge Years of Service Final Year Salary Payroll Growth Factor Normal Cost Employee Pension Contribution Rate City Pension Contribution Rate Investment Rate of Return (Discount Rate) Life Expectancy 62 Age 62 Retirement Maximum Service Accrual (years) Number of Payments (years) Costa Mesa Valuation average as of 6/30/2013 page C-2 Final Average Compensation years Costa Mesa Valuation as of 6/30/2013 page A-5 Benefit Factor (% of FAC) Costa Mesa Valuation as of 6/30/2013 page D-1 Final Average Compensation (FAC) First Year Pension %of FAC First Year Pension (dollars) Costa Mesa Valuation as of 6/30/2013 page A-3 Account Balance at Retirement PERS Actuary Life Expectancies Table Cost Of Living Allowance (COLA) N/A 30 25 $69,378 3 3.00% 2.00% 13.300% $67,377 6.650% 60.0% 6.650•o $40,426 7.50% $571,235 25 2.00% 9/24/2015 Benefit Year Pension Benefit Payable Employment Year Salary Pension Employee Contribution Contributions City Contribution and Account Total Contributions (per year) Values Accumulated Total Contributions Investment Income for Current Year Year End Account Value 1 29,440 1,958 1,958 3,916 3,916 147 4,062 2 30,324 2,017 2,017 4,033 7,949 456 8,551 3 31,233 2,077 2,077 4,154 12,103 797 13,502 4 1 32,170 2,139 2,139 1 4,279 16,381 1,173 18,954 5 33,13 2,203 2,203 4,407 20,788 1,587 24,948 6 34,129 2,270 2,270 4,539 25,327 2,041 31,529 7 35,153 2,338 2,338 4,675 30,003 2,540 38,744 8 36,208 2,408 2,408 4,816 34,818 3,086 46,646 9 37,294 2,480 2,480 4,960 39,779 3,684 55,291 10 38,413 2,554 2,554 5,109 44,888 4,338 64,738 11 1 39,565 2,631 2,631 5,262 50,150 5,053 75,053 12 40,752 2,710 2,710 5,420 55,570 5,832 86,305 13 41,975 2,791 2,791 5,583 61,152 6,682 98,570 14 43,234 2,875 2,875 5,750 66,903 7,608 111,928 15 44,531 2,961 2,961 5,923 W72,825 8,617 126,468 16 45,867 3,050 3,050 6,100 78,925 9,714 142,282 17 47,243 3,142 3,142 6,283 85,209 10,907 159,472 18 48,660 3,236 3,236 6,472 91,681 12,203 178,147 19 50,120 3,333 3,333 6,666 98,347 13,611 198,424 20 51,624 3,433 3,433 6,866 105,213 15,139 220,429 21 53,172 3,536 3,536 7,072 112,285 16,797 244,298 22 54,768 3,642 3,642 7,284 119,569 18,596 270,178 23 56,411 3,751 3,751 7,503 127,071 20,545 298,225 24 58,103 3,864 3,864 7,728 134,799 22,657 328,610 25 59,846 3,980 3,980 7,960 142,758 24,944 361,513 26 61,641 4,099 4,099 8,198 150,957 27,421 397,133 27 63,491 4,222 4,222 8,444 159,401 30,102 435,679 28 65,395 4,349 4,349 8,698 168,099 33,002 477,378 29 67,357 4,479 4,479 1 8,959 177,057 36,139 522,476 30 69,378 4,614 4,614 9,227 186,284 39,532 571,235 31 32 33 34 35 36 37 38 39 40 TOTALS 1,400,635 93,142 93,142 186,284 384,951 571,235 9/24/2015 Benefit Year Pension Benefit Payable Payments Opening Account Value & Account Balance Account Investment Income Closing Account Value Account Surplus/ Deficit 1 40,426 571,235 41,327 572,136 572,136 2 41,235 572,136 41,364 572,265 572,265 3 42,059 572,265 41,343 571,548 571,548 4 1 42,901 571,548 1 41,257 569,905 1 569,905 5 43,759 569,905 41,102 567,248 567,248 6 44,634 567,248 40,870 563,484 563,484 7 45,526 563,484 40,554 558,512 558,512 8 46,437 558,512 40,147 552,222 552,222 9 47,366 552,222 39,640 544,497 544,497 10 48,313 544,497 39,026 535,209 535,209 11 49,279 535,209 38,293 1 524,223 524,223 12 50,265 524,223 37,432 511,390 511,390 13 51,270 511,390 36,432 496,551 496,551 14 52,296 496,551 35,280 479,536 479,536 15 1 53,341 479,536 33,965 460,160 460,160 16 54,408 460,160 32,472 438,223 438,223 17 55,496 438,223 30,786 413,512 413,512 18 56,606 413,512 28,891 385,797 385,797 19 57,738 385,797 26,770 354,828 354,828 20 58,893 354,828 24,404 320,338 320,338 21 60,071 320,338 21,773 282,040 282,040 22 61,273 282,040 18,855 239,622 239,622 23 62,498 239,622 15,628 192,752 192,752 24 63,748 192,752 12,066 141,070 141,070 25 65,023 141,070 8,142 84,189 84,189 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 TOTALS 1,294,861 CMPOC Pension Calculator Participant Retirement Age Years of Service Final Year Salary Payroll Growth Factor Normal Cost Employee Pension Contribution Rate City Pension Contribution Rate Investment Rate of Return (Discount Rate) Life Expectancy 67 30 $69,378 3.00'% 13.3001Y. 6.650% 6.650% 7.50'% 20 CAPERS Miscellaneous 2%@62 PEPRA Employees Age 67 Retirement Costa Mesa Valuation average as of 6/30/2013 page C-2 Costa Mesa Valuation as of 6/30/2013 page A-5 Costa Mesa Valuation as of 6/30/2013 page D-1 Costa Mesa Valuation as of 6/30/2013 page A-3 PERS Actuary Life Expectancies Table Benefit Calculation: Maximum Service Accrual (years) Number of Payments (years) Final Average Compensation years Final Average Compensation (FAC) Benefit Factor (% of FAC) First Year Pension %of FAC First Year Pension (dollars) Account Balance at Retirement Cost Of Living Allowance (COLA) 9/24/2015 N/A 20 3 $67,377 2.50% 75.0% $50,533 $571,235 Investment Income for Current Year Benefit Year Pension Benefit Payable Employment Year Salary Pension Employee Contribution Contributions City Contribution and Account Total Contributions (per year) Values Accumulated Total Contributions Investment Income for Current Year Year End Account Value 1 29,440 1,958 1,958 3,916 3,916 147 4,062 2 30,324 2,017 2,017 4,033 7,949 456 8,551 3 31,233 2,077 2,077 4,154 12,103 797 13,502 4 32,170 2,139 2,139 4,279 16,381 1,173 18,954 7 56,908 2,203 21203 4,407 20,788 1,587 58,046 6 34,129 2,270 2,270 4,539 25,327 2,041 31,529 7 35,153 2,338 2,338 4,675 30,003 2,540 38,744 8 36,208 2,408 2,408 4,816 34,818 3,086 46,646 9 37,294 2,480 2,480 4,960 39,779 3,684 55,291 10 38,413 2,554 2,554 5,109 44,888 4,338 64,738 11 39,565 2,631 2,631 5,262 50,150 5,053 75,053 12 40,752 2,710 2,710 5,420 55,570 5,832 86,305 13 41,975 2,791 2,791 5,583 61,152 6,682 98,570 14 43,234 2,875 2,875 5,750 66,903 7,608 111,928 15 44,531 2,961 2,961 5,923 72,825 8,617 126,468 16 45,867 3,050 3,050 6,100 78,925 9,714 142,282 17 47,243 3,142 3,142 6,283 85,209 10,907 159,472 18 48,660 3,236 3,236 6,472 91,681 12,203 178,147 19 50,120 3,333 3,333 6,666 98,347 13,611 198,424 20 51,624 3,433 3,433 6,866 105,213 15,139 220,429 21 53,172 3,536 3,536 7,072 112,285 16,797 244,298 22 54,768 3,642 3,642 7,284 119,569 18,596 270,178 23 56,411 3,751 3,751 7,503 127,071 20,545 298,225 24 58,103 3,864 3,864 7,728 134,799 22,657 328,610 25 59,846 3,980 3,980 7,960 142,758 24,944 361,513 26 61,641 4,099 4,099 8,198 150,957 27,421 397,133 27 63,491 4,222 41222 1 8,444 159,401 30,102 435,679 28 65,395 4,349 41349 8,698 168,099 33,002 477,378 29 67,357 4,479 4,479 8,959 177,057 36,139 522,476 30 69,378 4,614 4,614 9,227 186,284 39,532 571,235 31 32 33 34 35 36 37 38 39 40 TOTALS 1,400,635 93,142 93,142 186,284 384,951 571,235 Benefit Year Pension Benefit Payable Payments Opening Account Value & Account Balance Account Investment Income Closing Account Value Account Surplus/ Deficit 1 50,533 571,235 40,948 561,650 561,650 2 51,543 561,650 40,191 550,298 550,298 3 52,574 550,298 39,301 537,024 537,024 4 53,626 537,024 38,266 521,664 521,664 5 54,698 521,664 37,074 504,040 504,040 6 55,792 504,040 35,711 483,958 483,958 7 56,908 483,958 34,163 461,213 461,213 8 58,046 461,213 32,414 435,581 435,581 9 59,207 435,581 30,448 406,823 406,823 10 60,391 406,823 28,247 374,678 374,678 11 61,599 374,678 25,791 338,870 338,870 12 62,831 338,870 23,059 299,098 299,098 13 64,088 299,098 20,029 255,040 255,040 14 65,369 255,040 16,677 206,347 206,347 15 66,677 206,347 12,976 152,646 152,646 16 68,010 152,646 8,898 93,534 93,534 17 1 69,371 93,534 1 4,414 28,577 28,577 18 70,758 28,577 (510) (42,691) (42,691) 19 72,173 (114,864) 20 73,617 (188,481) 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 6AW 1,227,811 CMPCIC Pension Calculator Participant Retirement Age Years of Service Final Year Salary Payroll Growth Factor Normal Cost Employee Pension Contribution Rate City Pension Contribution Rate Investment Rate of Return (Discount Rate) Life Expectancy 50 30 $122,631 3.00% 28.928% 14.464% 14.464% 7.50% 35 Cal PERS Safety 3%@50 CLASSIC Employees Age 50 Retirement Costa Mesa Valuation average as of 6/30/2013 page C-2 Costa Mesa Valuation as of 6/30/2013 page A-5 Costa Mesa Valuation as of 6/30/2013 page 6 Costa Mesa Valuation as of 6/30/2013 page A-3 PERS Actuary Life Expectancies Table Benefit Calculation: Maximum Service Accrual (years) Number of Payments (years) Final Average Compensation years Final Average Compensation (FAC) Benefit Factor (% of FAC) First Year Pension %of FAC First Year Pension (dollars) Account Balance at Retirement Cost Of Living Allowance (COLA) 9/24/2015 31 35 1 $122,631 3.00% 90.0% $110,368 $2,196,141 2.00% Benefit Year Pension Benefit Payable Employment Year Salary Pension Employee Contribution Contributions City Contribution and Account Total Contributions (per year) Values Accumulated Total Contributions Investment Income for Current Year Year End Account Value 1 52,038 7,527 7,527 15,054 15,054 565 15,618 2 53,599 7,753 7,753 15,505 30,559 1,753 32,876 3 55,207 7,985 7,985 15,970 46,529 3,065 51,911 4 56,863 8,225 8,225 16,449 62,978 4,510 72,871 5 58,569 8,471 8,471 16,943 79,921 6,101 95,914 6 60,326 8,726 8,726 17,451 97,373 7,848 121,213 7 62,136 8,987 8,987 17,975 115,347 9,765 148,953 8 64,000 9,257 9,257 18,514 133,861 11,866 179,333 9 65,920 9,535 9,535 19,069 152,931 14,165 212,567 10 67,898 9,821 9,821 19,641 172,572 16,679 248,888 11 69,935 10,115 10,115 20,231 192,803 19,425 288,544 12 72,033 10,419 10,419 20,838 213,641 22,422 331,804 13 74,194 10,731 10,731 21,463 235,103 25,690 378,957 14 76,420 11,053 11,053 22,107 257,210 29,251 430,314 15 78,712 11,385 11,385 22,770 279,980 33,127 486,211 16 81,074 11,726 11,726 23,453 303,433 37,345 547,009 17 83,506 12,078 12,078 24,157 327,589 41,932 613,098 18 86,011 12,441 12,441 24,881 352,471 46,915 684,894 19 88,591 12,814 12,8141 25,628 378,098 52,328 762,850 20 91,249 13,198 13,198 26,397 404,495 58,204 847,450 21 93,986 13,594 13,594 27,188 431,683 64,578 939,217 22 96,806 14,002 14,002 28,004 459,687 71,491 1,038,712 23 99,710 14,422 14,422 28,844 488,531 78,985 1,146,542 24 102,702 14,855 14,855 29,709 518,241 87,105 1,263,356 25 105,783 15,300 15,300 30,601 548,842 95,899 1,389,856 26 108,956 15,759 15,759 31,519 580,360 105,421 1,526,796 27 112,225 16,232 16,232 1 32,464 612,825 115,727 1,674,987 28 115,591 16,719 16,719 33,438 646,263 126,878 1,835,303 29 119,059 17,221 17,221 34,441 680,705 138,939 2,008,684 30 122,631 17,737 17,737 35,475 716,179 151,982 2,196,141 31 32 33 34 35 36 37 38 39 40 TOTALS 2,475,730 358,090 358,090 716,179 1,479,961 2,196,141 Benefit Year Pension Benefit Payable Payments Opening Account Value & Account Account Investment Income Balance Closing Account Value Account Surplus/ Deficit 1 110,368 2,196,141 160,572 2,246,344 2,246,344 2 112,575 2,246,344 164,254 2,298,023 2,298,023 3 114,827 2,298,023 168,046 2,351,242 2,351,242 4 1 117,123 2,351,242 171,951 2,406,070 2,406,070 5 119,466 2,406,070 175,975 2,462,580 2,462,580 6 121,855 2,462,580 180,124 2,520,849 2,520,849 7 124,292 2,520,849 184,403 2,580,959 2,580,959 8 126,778 2,580,959 188,818 2,642,999 2,642,999 9 129,314 2,642,999 193,376 2,707,061 2,707,061 10 131,900 2,707,061 198,083 2,773,244 2,773,244 11 134,538 2,773,244 202,948 2,841,655 2,841,655 12 137,229 2,841,655 207,978 2,912,404 2,912,404 13 139,973 2,912,404 213,181 2,985,612 2,985,612 14 142,773 2,985,612 218,567 3,061,406 3,061,406 15 145,628 3,061,406 224,144 3,139,923 3,139,923 16 148,541 3,139,923 229,924 3,221,306 3,221,306 17 151,511 3,221,306 235,916 3,305,711 3,305,711 18 154,542 3,305,711 242,133 3,393,302 3,393,302 19 157,633 3,393,302 248,586 3,484,256 3,484,256 20 160,785 3,484,256 255,290 3,578,761 3,578,761 21 164,001 3,578,761 262,257 3,677,017 3,677,017 22 167,281 3,677,017 269,503 3,779,239 3,779,239 23 170,627 3,779,239 277,044 3,885,657 3,885,657 24 174,039 3,885,657 284,898 3,996,516 3,996,516 25 177,520 3,996,516 293,082 4,112,077 4,112,077 26 181,070 4,112,077 301,616 4,232,623 4,232,623 27 184,692 4,232,623 310,521 4,358,452 4,358,452 28 188,385 4,358,452 319,819 4,489,886 4,489,886 29 192,153 4,489,886 329,536 4,627,268 4,627,268 30 195,996 4,627,268 339,695 4,770,967 4,770,967 31 199,916 4,770,967 350,326 4,921,377 4,921,377 32 203,914 4,921,377 361,456 5,078,919 5,078,919 33 207,993 5,078,919 373,119 5,244,045 5,244,045 34 212,153 5,244,045 385,348 5,417,240 5,417,240 35 1 216,396 5,417,240 398,178 5,599,023 5,599,023 36 37 38 39 40 TOTALS 5,517,786 CMPOC Pension Calculator Participant Retirement Age Years of Service Final Year Salary Payroll Growth Factor Normal Cost Employee Pension Contribution Rate City Pension Contribution Rate Investment Rate of Return (Discount Rate) Life Expectancy 57 30 $122,631 3.00% 25.300% 12.650% 12.6501% 7.50% 29 CAPERS Safety 2.7%@57 PEPRA Employees Age 57 Retirement Costa Mesa Valuation average as of 6/30/2013 page C-2 Costa Mesa Valuation as of 6/30/2013 page A-5 Costa Mesa Valuation as of 6/30/2013 page D-1 Costa Mesa Valuation as of 6/30/2013 page A-3 PERS Actuary Life Expectancies Table Benefit Calculation: Maximum Service Accrual (years) Number of Payments (years) Final Average Compensation years Final Average Compensation (FAC) Benefit Factor (% of FAC) First Year Pension %of FAC First Year Pension (dollars) Account Balance at Retirement Cost Of Living Allowance (COLA) 9/24/2015 N/i 29 3 $119,094 2.70% 81.0% $96,466 $1,920,712 2.00% Benefit Year Pension Benefit Payable Employment Year Salary Pension Employee Contribution Contributions City Contribution and Account Total Contributions (per year) Values Accumulated Total Contributions Investment Income for Current Year Year End Account Value 1 52,038 6,583 6,583 13,166 13,166 494 13,659 2 53,599 6,780 6,780 13,561 26,726 1,533 28,753 3 55,207 6,984 6,984 13,967 40,694 2,680 45,401 4 56,863 7,193 7,193 14,386 55,080 3,945 63,731 5 58,569 7,409 7,409 14,818 69,898 5,336 83,885 6 60,326 7,631 7,631 15,263 85,161 6,864 106,011 7 62,136 7,860 7,860 15,720 100,881 8,540 130,272 8 64,000 8,096 8,096 16,192 117,073 10,378 156,842 9 65,920 8,339 8,339 16,678 133,751 12,389 185,908 10 67,898 8,589 8,589 17,178 150,929 14,587 217,674 11 69,935 8,847 8,847 17,693 168,623 16,989 252,356 12 72,033 9,112 9,112 18,224 186,847 19,610 290,191 13 74,194 9,386 9,386 18,771 205,618 22,468 331,430 14 76,420 9,667 9,667 19,334 224,952 25,582 376,346 15 78,712 9,957 9,957 19,914 244,866 28,973 425,233 16 81,074 10,256 10,256 20,512 265,378 32,662 478,406 17 83,506 10,563 10,563 21,127 286,505 36,673 536,206 18 86,011 10,880 10,880 21,761 308,266 41,031 598,998 19 88,591 11,207 11,207 1 22,414 330,679 45,765 667,177 20 91,249 11,543 11,543 23,086 353,765 50,904 741,167 21 93,986 11,889 11,889 23,779 377,544 56,479 821,425 22 96,806 12,246 12,246 24,492 402,036 62,525 908,442 23 99,710 12,613 12,613 25,227 427,262 69,079 1,002,748 24 102,702 12,992 12,992 25,983 453,246 76,181 1,104,912 25 105,783 13,381 13,381 26,763 480,009 83,872 1,215,547 26 108,956 13,783 13,783 27,566 507,575 92,200 1,335,313 27 112,225 14,196 14,196 1 28,393 535,968 101,213 1,464,919 28 115,591 14,622 14,622 29,245 565,212 110,966 1,605,129 29 119,059 15,061 15,061 30,122 595,334 121,514 1,756,765 30 122,631 15,513 15,513 31,026 626,360 132,921 1,920,712 31 32 33 34 35 36 37 38 39 40 TOTALS 2,475,730 313,180 313,180 626,360 1,294,352 1,920,712 Benefit Year Pension Benefit Payable Payments Opening Account Value & Account Account Investment Income Balance Closing Account Value Account Surplus/ Deficit 1 96,466 1,920,712 140,436 1,964,682 1,964,682 2 98,395 1,964,682 143,661 2,009,948 2,009,948 3 100,363 2,009,948 146,982 2,056,567 2,056,567 4 1 102,371 2,056,567 150,404 2,104,600 2,104,600 5 104,418 2,104,600 153,929 2,154,111 2,154,111 6 106,506 2,154,111 157,564 2,205,169 2,205,169 7 108,636 2,205,169 161,314 2,257,847 2,257,847 8 110,809 2,257,847 165,183 2,312,221 2,312,221 9 113,025 2,312,221 169,178 2,368,374 2,368,374 10 115,286 2,368,374 173,305 2,426,392 2,426,392 11 117,592 2,426,392 177,570 2,486,371 2,486,371 12 119,943 2,486,371 181,980 2,548,407 2,548,407 13 122,342 2,548,407 186,543 2,612,608 2,612,608 14 124,789 2,612,608 191,266 2,679,084 2,679,084 15 127,285 2,679,084 196,158 2,747,958 2,747,958 16 129,831 2,747,958 201,228 2,819,355 2,819,355 17 132,427 2,819,355 206,486 2,893,414 2,893,414 18 135,076 2,893,414 211,941 2,970,278 2,970,278 19 137,777 2,970,278 217,604 3,050,105 3,050,105 20 140,533 3,050,105 223,488 3,133,061 3,133,061 21 143,343 3,133,061 229,604 3,219,321 3,219,321 22 146,210 3,219,321 235,966 3,309,077 3,309,077 23 149,135 3,309,077 242,588 3,402,531 3,402,531 24 152,117 3,402,531 249,485 3,499,899 3,499,899 25 155,160 3,499,899 256,674 3,601,413 3,601,413 26 158,263 3,601,413 264,171 3,707,321 3,707,321 27 161,428 3,707,321 1 271,996 3,817,889 3,817,889 28 164,657 3,817,889 280,167 3,933,399 3,933,399 29 167,950 3,933,399 288,707 4,054,157 4,054,157 30 31 32 33 34 35 36 37 38 39 40 TOTALS 3,742,134 CMPOC Pension Calculator Participant Retirement Age Years of Service Final Year Salary Payroll Growth Factor Normal Cost Employee Pension Contribution Rate City Pension Contribution Rate Investment Rate of Return (Discount Rate) Life Expectancy 62 30 $122,631 3.00% 25.300% 12.650% 12.6501% 7.50% 25 CAPERS Safety 2.7%@57 PEPRA Employees Age 62 Retirement Costa Mesa Valuation average as of 6/30/2013 page C-2 Costa Mesa Valuation as of 6/30/2013 page A-5 Costa Mesa Valuation as of 6/30/2013 page D-1 Costa Mesa Valuation as of 6/30/2013 page A-3 PERS Actuary Life Expectancies Table Benefit Calculation: Maximum Service Accrual (years) Number of Payments (years) Final Average Compensation years Final Average Compensation (FAC) Benefit Factor (% of FAC) First Year Pension %of FAC First Year Pension (dollars) Account Balance at Retirement Cost Of Living Allowance (COLA) 9/24/2015 Benefit Year 25 3 $119,094 2.70% 81.0% $96,466 $1,920,712 2.00% Benefit Year Pension Benefit Payable Employment Year Salary Pension Employee Contribution Contributions City Contribution and Account Total Contributions (per year) Values Accumulated Total Contributions Investment Income for Current Year Year End Account Value 1 52,038 6,583 6,583 13,166 13,166 494 13,659 2 53,599 6,780 6,780 13,561 26,726 1,533 28,753 3 55,207 6,984 6,984 13,967 40,694 2,680 45,401 4 56,863 7,193 7,193 14,386 55,080 3,945 63,731 5 58,569 U7,409 7,409 14,818 69,898 5,336 83,885 6 60,326 7,631 7,631 15,263 85,161 6,864 106,011 7 62,136 7,860 7,860 15,720 100,881 8,540 130,272 8 64,000 8,096 8,096 16,192 117,073 10,378 156,842 9 65,920 8,339 8,339 16,678 133,751 12,389 185,908 10 67,898 8,589 8,589 17,178 150,929 14,587 217,674 11 69,935 8,847 8,847 17,693 168,623 16,989 252,356 12 72,033 9,112 9,112 18,224 186,847 19,610 290,191 13 74,194 9,386 9,386 18,771 205,618 22,468 331,430 14 76,420 9,667 9,667 19,334 224,952 25,582 376,346 15 78,712 9,957 9,957 19,914 244,866 28,973 425,233 16 81,074 10,256 10,256 20,512 265,378 32,662 478,406 17 83,506 10,563 10,563 21,127 286,505 36,673 536,206 18 86,011 10,880 10,880 21,761 308,266 41,031 598,998 19 88,591 11,207 11,207 1 22,414 330,679 45,765 667,177 20 91,249 11,543 11,543 23,086 353,765 50,904 741,167 21 93,986 11,889 11,889 23,779 377,544 56,479 821,425 22 96,806 12,246 12,246 24,492 402,036 62,525 908,442 23 99,710 12,613 12,613 25,227 427,262 69,079 1,002,748 24 102,702 12,992 12,992 25,983 453,246 76,181 1,104,912 25 105,783 13,381 13,381 26,763 480,009 83,872 1,215,547 26 108,956 13,783 13,783 27,566 507,575 92,200 1,335,313 27 112,225 14,196 14,196 1 28,393 535,968 101,213 1,464,919 28 115,591 14,622 14,622 29,245 565,212 110,966 1,605,129 29 119,059 15,061 15,061 30,122 595,334 121,514 1,756,765 30 122,631 15,513 15,513 31,026 626,360 132,921 1,920,712 31 32 33 34 35 36 37 38 39 40 TOTALS 2,475,730 313,180 313,180 626,360 1,294,352 1,920,712 Benefit Year Pension Benefit Payable Payments Opening Account Value & Account Account Investment Income Balance Closing Account Value Account Surplus/ Deficit 1 96,466 1,920,712 140,436 1,964,682 1,964,682 2 98,395 1,964,682 143,661 2,009,948 2,009,948 3 100,363 2,009,948 146,982 2,056,567 2,056,567 4 1 102,371 2,056,567 150,404 2,104,600 2,104,600 5 104,418 2,104,600 153,929 2,154,111 2,154,111 6 106,506 2,154,111 157,564 2,205,169 2,205,169 7 108,636 2,205,169 161,314 2,257,847 2,257,847 8 110,809 2,257,847 165,183 2,312,221 2,312,221 9 113,025 2,312,221 169,178 2,368,374 2,368,374 10 115,286 2,368,374 173,305 2,426,392 2,426,392 11 117,592 2,426,392 177,570 2,486,371 2,486,371 12 119,943 2,486,371 181,980 2,548,407 2,548,407 13 122,342 2,548,407 186,543 2,612,608 2,612,608 14 124,789 2,612,608 191,266 2,679,084 2,679,084 15 127,285 2,679,084 196,158 2,747,958 2,747,958 16 129,831 2,747,958 201,228 2,819,355 2,819,355 17 132,427 2,819,355 206,486 2,893,414 2,893,414 18 135,076 2,893,414 211,941 2,970,278 2,970,278 19 137,777 2,970,278 217,604 3,050,105 3,050,105 20 140,533 3,050,105 223,488 3,133,061 3,133,061 21 143,343 3,133,061 229,604 3,219,321 3,219,321 22 146,210 3,219,321 235,966 3,309,077 3,309,077 23 149,135 3,309,077 242,588 3,402,531 3,402,531 24 152,117 3,402,531 249,485 3,499,899 3,499,899 25 155,160 3,499,899 256,674 3,601,413 3,601,413 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 TOTALS 3,089,837 Costa Mesa Pension Oversight Committee Participant Retirement Age Years of Service Life Expectancy (years) Final Year Salary Payroll Growth Factor Investment Rate of Return (Discount Rate) http://www.socialsecurity.gov/OACT/COLA/cbb.html#Series http://www.socialsecurity.gov/OACT/ProgData/taxRates.htmI http://www.ssa.gov/pubs/EN-05-10070.pdf Benefit Calculation: Indexed Earnings 35 Year Average (monthly) 9/24/2015 $2,067,560 $4,923 Tier$ Tier% $743 $826 90% $1,311 $4,980 32% $0 > $4,980 15% First Month Pension (dollars) $2,054 Early Retirement Factor Final Monthly Amount $1,541 Account Balance at Retirement $524,226 Cost Of Living Allowance (COLA) I 2.00% PERS Social Security Calculator 62 Age 62 - Early Retirement 30 Miscellaneous 25 PERS Actuary Life Expectancies Table $69,378 PERS 3.00• PERS 7.50% PERS Year Benefit Calculation: Indexed Earnings 35 Year Average (monthly) 9/24/2015 $2,067,560 $4,923 Tier$ Tier% $743 $826 90% $1,311 $4,980 32% $0 > $4,980 15% First Month Pension (dollars) $2,054 Early Retirement Factor Final Monthly Amount $1,541 Account Balance at Retirement $524,226 Cost Of Living Allowance (COLA) I 2.00% PERS Benefit Year Social Benefit Payable Security Payments Opening Account Value & Account Account Investment Income Balance Closing Account Value Account Surplus/ Deficit 1 Year Rate Base Max Index Factor Social Indexed Earnings Security Contributions Salary and Employee Contribution Account Values City Contribution Total Annual Contributions Accumulated Total Contributions Investment Income for Current Year Year End Account Value 1975 4.95% 14,100 698 5.20 19,621 588,085 43,371 611,834 611,834 5 20,013 611,834 1976 4.95% 15,300 757 4.87 - - - - - - - - 1977 4.95% 16,500 817 4.59 51,082 721,558 721,558 9 21,663 721,558 53,304 753,199 1978 5.05% 17,700 894 4.25 - - - - - - - - 1979 5.08% 22,900 1,163 3.91 860,216 13 23,449 860,216 63,637 1 900,404 900,404 14 1980 5.08% 25,900 1,316 3.59 - - - - - - - - 1981 5.35% 29,700 1,589 3.26 25,382 1,036,866 76,813 1,088,297 1,088,297 18 25,889 1,088,297 1982 5.40°/ 32,400 1,750 3.09 - - - - - - - - 1983 5.40% 35,700 1,928 2.95 93,736 1,329,812 1,329,812 22 28,024 1,329,812 98,685 1,400,473 1984 5.70% 37,800 2,155 2.78 - - - - - - - - 1985 1 5.70% 39,600 2,257 2.67 78,606 29,440 1,678 1 1,678 3,356 3,356 126 3,482 1986 5.70'/. 42,000 2,394 2.59 78,538 30,324 1,728 1,728 3,457 6,813 391 7,330 1987 5.70% 43,800 2,497 2.44 76,209 31,233 1,780 1,780 3,561 10,374 683 11,574 1988 6.06% 45,000 2,727 2.32 74,635 32,170 1,950 1,950 3,899 14,273 1,014 16,487 1989 6.06% 48,000 2,909 2.23 73,892 33,135 2,008 2,008 4,016 18,289 1,387 21,890 1990 6.209/ 51,300 3,181 2.13 72,696 34,129 2,116 2,116 4,232 22,521 1,800 27,922 1991 6.20% 53,400 3,311 2.06 72,416 35,153 2,180 2,180 4,359 26,880 1 2,258 34,539 1992 6.20% 55,500 3,441 1.96 70,967 36,208 2,245 2,245 4,490 31,370 2,759 41,788 1993 6.20% 57,600 3,571 1.94 1 72,351 37,294 2,312 2,312 4,624 35,994 3,307 49,720 1994 6.20% 60,600 3,757 1.89 72,600 38,413 2,382 2,382 4,763 40,757 3,908 58,390 1995 6.20% 61,200 3,794 1.82 72,009 39,565 2,453 2,453 4,906 45,663 4,563 67,860 1996 6.20% 62,700 3,887 1.73 70,501 40,752 2,527 2,527 5,053 50,717 5,279 78,192 1997 6.20% 65,400 4,055 1.64 68,839 41,975 2,602 2,602 5,205 55,921 6,060 89,456 1998 6.20% 68,400 4,241 1.56 67,445 43,234 2,681 2,681 5,361 61,282 6,910 101,728 1999 6.20% 72,600 4,501 1.47 65,461 44,531 2,761 2,761 5,522 66,804 1 7,837 115,086 2000 6.20% 76,200 4,724 1.40 64,214 45,867 2,844 2,844 5,688 72,492 8,845 129,619 2001 6.20% 1 80,400 4,985 1 1.36 1 64,251 47,243 2,929 2,929 5,858 78,350 9,941 145,418 2002 6.20% 84,900 5,264 1.35 65,691 48,660 3,017 3,017 6,034 84,384 11,133 162,584 2003 6.20% 87,000 5,394 1.32 66,159 50,120 3,107 3,107 6,215 90,599 12,427 1 181,226 2004 6.20% 87,900 5,450 1.26 65,046 51,624 3,201 3,201 6,401 97,000 13,832 201,459 2005 6.20% 90,000 5,580 1.21 64,339 53,172 3,297 3,297 6,593 103,593 15,357 223,409 2006 6.20% 94,200 5,840 1.16 63,530 54,768 3,396 3,396 6,791 110,385 17,010 247,211 2007 6.20% 97,500 6,045 1.11 62,616 56,411 3,497 3,497 6,995 117,380 18,803 273,009 2008 6.20% 102,000 6,324 1.09 63,332 58,103 3,602 3,602 7,205 124,584 20,746 300,960 2009 1 6.20% 1 106,800 6,622 1 1.10 65,831 59,846 3,710 3,710 7,421 132,005 1 22,850 331,231 2010 6.20% 106,800 6,622 1.08 66,573 61,641 3,822 3,822 7,644 139,649 25,129 364,003 2011 6.20% 106,800 6,622 1.04 66,030 1 63,491 3,936 3,936 1 7,873 147,522 27,595 399,472 2012 6.209/ 110,100 6,826 1.01 66,049 65,395 4,055 4,055 8,109 155,631 30,264 437,845 2013 6.20% 113,700 7,049 1.00 67,357 67,357 4,176 4,176 8,352 163,983 33,152 479,349 2014 6.209/ 117,000 7,254 1.00 69,378 69,378 4,301 4,301 8,603 172,586 36,274 524,226 TOTALS 2,067,560 1,400,635 86,293 86,293 172,586 351,640 524,226 Benefit Calculation: Indexed Earnings 35 Year Average (monthly) 9/24/2015 $2,067,560 $4,923 Tier$ Tier% $743 $826 90% $1,311 $4,980 32% $0 > $4,980 15% First Month Pension (dollars) $2,054 Early Retirement Factor Final Monthly Amount $1,541 Account Balance at Retirement $524,226 Cost Of Living Allowance (COLA) I 2.00% PERS Benefit Year Social Benefit Payable Security Payments Opening Account Value & Account Account Investment Income Balance Closing Account Value Account Surplus/ Deficit 1 18,489 524,226 38,624 544,360 544,360 2 18,859 544,360 40,120 565,621 565,621 3 19,236 565,621 41,700 588,085 588,085 4 19,621 588,085 43,371 611,834 611,834 5 20,013 611,834 45,137 636,958 636,958 6 20,414 636,958 47,006 663,551 663,551 7 20,822 663,551 48,985 691,714 691,714 8 21,238 691,714 51,082 721,558 721,558 9 21,663 721,558 53,304 753,199 753,199 10 22,096 753,199 55,661 786,764 786,764 11 22,538 786,764 58,162 822,388 822,388 12 22,989 822,388 60,817 860,216 860,216 13 23,449 860,216 63,637 1 900,404 900,404 14 23,918 900,404 66,633 943,120 943,120 15 24,396 943,120 69,819 988,543 988,543 16 24,884 988,543 73,208 1,036,866 1,036,866 17 1 25,382 1,036,866 76,813 1,088,297 1,088,297 18 25,889 1,088,297 80,651 1,143,059 1,143,059 19 26,407 1 1,143,059 84,739 1,201,391 1,201,391 20 26,935 1,201,391 89,094 1,263,550 1,263,550 21 27,474 1,263,550 93,736 1,329,812 1,329,812 22 28,024 1,329,812 98,685 1,400,473 1,400,473 23 28,584 1,400,473 103,964 1 1,475,853 1,475,853 24 29,156 1,475,853 109,596 1,556,293 1,556,293 25 29,739 1,556,293 115,607 1,642,161 1,642,161 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 TOTALS 592,217 Costa Mesa Pension Oversight Committee Participant Retirement Age Years of Service Life Expectancy (years) Final Year Salary Payroll Growth Factor Investment Rate of Return (Discount Rate) http://www.socialsecurity.gov/OACT/COLA/cbb.html#Series http://www.socialsecurity.gov/OACT/ProgData/taxRates.htmI http://www.ssa.gov/pubs/EN-05-10070.pdf Benefit Calculation: Indexed Earnings 35 Year Average (monthly) 9/24/2015 $2,067,560 $4,923 Tier$ Tier% $743 $826 90% $1,311 $4,980 32% $0 > $4,980 15% First Month Pension (dollars) $2,054 Early Retirement Factor Final Monthly Amount $2,054 Account Balance at Retirement $524,226 Cost Of Living Allowance (COLA) I 2.00% PERS Social Security Calculator 67 Age 67 - Full Retirement Age 30 Miscellaneous 20 PERS Actuary Life Expectancies Table $69,378 PERS 3.00• PERS 7.50% PERS Year Benefit Calculation: Indexed Earnings 35 Year Average (monthly) 9/24/2015 $2,067,560 $4,923 Tier$ Tier% $743 $826 90% $1,311 $4,980 32% $0 > $4,980 15% First Month Pension (dollars) $2,054 Early Retirement Factor Final Monthly Amount $2,054 Account Balance at Retirement $524,226 Cost Of Living Allowance (COLA) I 2.00% PERS Benefit Year Social Benefit Payable Security Payments Opening Account Value & Account Account Investment Income Balance Closing Account Value Account Surplus/ Deficit 1 Year Rate Base Max Index Factor Social Indexed Earnings Security Contributions Salary and Employee Contribution AccountValues City Contribution Total Annual Contributions Accumulated Total Contributions Investment Income for Current Year Year End Account Value 1975 4.95% 14,100 698 5.20 26,161 567,032 41,546 582,417 582,417 5 26,685 582,417 1976 4.95% 15,300 757 4.87 - - - - - - - - 1977 4.95% 16,500 817 4.59 46,367 650,429 650,429 9 28,884 650,429 47,699 669,244 1978 5.05% 17,700 894 4.25 - - - - - - - - 1979 5.08% 22,900 1,163 3.91 730,758 13 31,265 730,758 53,634 1 753,127 753,127 14 1980 5.08% 25,900 1,316 3.59 - - - - - - - - 1981 5.35% 29,700 1,589 3.26 33,842 826,670 60,731 853,559 853,559 18 34,519 853,559 1982 5.40°/ 32,400 1,750 3.09 - - - - - - - - 1983 5.40% 35,700 1,928 2.95 22 1984 5.70% 37,800 2,155 2.78 - - - - - - - - 1985 1 5.70% 39,600 2,257 2.67 78,606 29,440 1,678 1 1,678 3,356 3,356 1 126 3,482 1986 5.70'/. 42,000 2,394 2.59 78,538 30,324 1,728 1,728 3,457 61813 391 7,330 1987 5.70% 43,800 2,497 2.44 76,209 31,233 1,780 1,780 3,561 10,374 683 11,574 1988 6.06% 45,000 2,727 2.32 74,635 32,170 1,950 1,950 3,899 14,273 1,014 16,487 1989 6.06% 48,000 2,909 2.23 73,892 33,135 2,008 2,008 4,016 18,289 1,387 21,890 1990 6.209/ 51,300 3,181 2.13 72,696 34,129 2,116 2,116 4,232 22,521 1,800 27,922 1991 6.20% 53,400 3,311 2.06 72,416 35,153 2,180 2,180 4,359 26,880 2,258 34,539 1992 6.20% 55,500 3,441 1.96 70,967 36,208 2,245 2,245 4,490 31,370 2,759 41,788 1993 6.20% 57,600 3,571 1.94 1 72,351 37,294 2,312 2,312 4,624 35,994 1 3,307 49,720 1994 6.20% 60,600 3,757 1.89 72,600 38,413 2,382 2,382 4,763 40,757 3,908 58,390 1995 6.20% 61,200 3,794 1.82 72,009 39,565 2,453 2,453 4,906 45,663 4,563 67,860 1996 6.20% 62,700 3,887 1.73 70,501 40,752 2,527 2,527 5,053 50,717 5,279 78,192 1997 6.20% 65,400 4,055 1.64 68,839 41,975 2,602 2,602 5,205 55,921 6,060 1 89,456 1998 6.20% 68,400 4,241 1.56 67,445 43,234 2,681 2,681 5,361 61,282 6,910 101,728 1999 6.20% 72,600 4,501 1.47 65,461 44,531 2,761 1 2,761 5,522 66,804 7,837 115,086 2000 6.20% 76,200 4,724 1.40 64,214 45,867 2,844 2,844 5,688 72,492 8,845 129,619 2001 6.20% 1 80,400 4,985 1 1.36 1 64,251 47,243 2,929 2,929 5,858 1 78,350 9,941 145,418 2002 6.20% 84,900 5,264 1.35 65,691 48,660 3,017 3,017 6,034 1 84,384 11,133 162,584 2003 6.20% 87,000 5,394 1.32 66,159 50,120 3,107 3,107 6,215 90,599 12,427 181,226 2004 6.20% 87,900 5,450 1.26 65,046 51,624 3,201 3,201 6,401 97,000 13,832 201,459 2005 6.20% 90,000 5,580 1.21 64,339 53,172 3,297 3,297 6,593 103,593 15,357 223,409 2006 6.20% 94,200 5,840 1.16 63,530 54,768 1 3,396 3,396 6,791 110,385 17,010 247,211 2007 6.20% 97,500 6,045 1.11 62,616 56,411 3,497 3,497 6,995 117,380 18,803 1 273,009 2008 6.20% 102,000 6,324 1.09 1 63,332 58,103 3,602 3,602 7,205 124,584 20,746 300,960 2009 1 6.20% 1 106,800 6,622 1.10 65,831 59,846 3,710 3,710 7,421 132,005 22,850 331,231 2010 6.20% 106,800 6,622 1.08 66,573 61,641 3,822 3,822 7,644 139,649 25,129 364,003 2011 6.20% 106,800 6,622 1.04 66,030 63,491 3,936 3,936 7,873 147,522 27,595 399,472 2012 6.20% 110,100 6,826 1.01 66,049 65,395 4,055 4,055 8,109 155,631 30,264 437,845 2013 6.20% 113,700 7,049 1.00 67,357 67,357 4,176 4,176 8,352 163,983 33,152 479,349 2014 6.20% 117,000 7,254 1.00 69,378 69,378 4,301 4,301 8,603 172,586 36,274 524,226 TOTALS I 1 1 2,067,560 1,400,635 86,293 86,293 172,586 1 351,640 524,226 Benefit Calculation: Indexed Earnings 35 Year Average (monthly) 9/24/2015 $2,067,560 $4,923 Tier$ Tier% $743 $826 90% $1,311 $4,980 32% $0 > $4,980 15% First Month Pension (dollars) $2,054 Early Retirement Factor Final Monthly Amount $2,054 Account Balance at Retirement $524,226 Cost Of Living Allowance (COLA) I 2.00% PERS Benefit Year Social Benefit Payable Security Payments Opening Account Value & Account Account Investment Income Balance Closing Account Value Account Surplus/ Deficit 1 24,652 524,226 38,392 537,966 537,966 2 25,145 537,966 39,404 552,225 552,225 3 25,648 552,225 40,455 567,032 567,032 4 26,161 567,032 41,546 582,417 582,417 5 26,685 582,417 42,681 598,413 598,413 6 27,218 598,413 43,860 615,055 615,055 7 27,763 615,055 45,088 632,380 632,380 8 28,318 632,380 46,367 650,429 650,429 9 28,884 650,429 47,699 669,244 669,244 10 29,462 669,244 49,088 688,871 688,871 11 1 30,051 688,871 1 50,538 709,358 709,358 12 30,652 709,358 52,052 730,758 730,758 13 31,265 730,758 53,634 1 753,127 753,127 14 31,890 753,127 55,289 776,526 776,526 15 32,528 776,526 57,020 801,017 801,017 16 33,179 801,017 58,832 826,670 826,670 17 33,842 826,670 60,731 853,559 853,559 18 34,519 853,559 62,722 881,762 881,762 19 35,210 881,762 64,812 911,364 911,364 20 35,914 911,364 67,006 942,456 942,456 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 TOTALS 598,988 Costa Mesa Pension Oversight Committee Participant Retirement Age Years of Service Life Expectancy (years) Final Year Salary Payroll Growth Factor Investment Rate of Return (Discount Rate) http://www.socialsecurity.gov/OACT/COLA/cbb.html#Series http://www.socialsecurity.gov/OACT/ProgData/taxRates.htmI http://www.ssa.gov/pubs/EN-05-10070.pdf Social Security Calculator 62 Age 62 - Early Retirement 30 Safety 25 PERS Actuary Life Expectancies Table $122,631 PERS 3.00• PERS 7.50% PERS Benefit Calculation: Indexed Earnings 35 Year Average (monthly) 9/24/2015 $3,306,180 $7,872 Tier$ Tier% $743 $826 90% $1,329 $4,980 32% $0 > $4,980 15% First Month Pension (dollars) $2,073 Early Retirement Factor Final Monthly Amount $1,555 Account Balance at Retirement $821,607 Cost Of Living Allowance (COLA) PERS Benefit Year Social Benefit Payable Security Payments Opening Account Value & Account Account Investment Income Balance Closing Account Value Account Surplus/ Deficit 1 Year Rate Base Max Index Factor Social Indexed Earnings Security Contributions Salary and Employee Contribution Account Values City Contribution Total Annual Contributions Accumulated Total Contributions Investment Income for Current Year Year End Account Value 1975 4.95% 14,100 698 5.20 19,796 956,958 71,029 1,008,191 1,008,191 5 20,192 1,008,191 1976 4.95% 15,300 757 4.87 - - - - - - - - 1977 4.95% 16,500 817 4.59 87,959 1,250,029 1,250,029 9 21,856 1,250,029 92,933 1,321,105 1978 5.05% 17,700 894 4.25 - - - - - - - - 1979 5.08% 22,900 1,163 3.91 1,565,050 13 23,658 1,565,050 116,492 1,657,884 1,657,884 14 1980 5.08% 25,900 1,316 3.59 - - - - - - - - 1981 5.35% 29,700 1,589 3.26 25,608 1,977,153 147,326 2,098,871 2,098,871 18 26,120 2,098,871 1982 5.401Y. 32,400 1,750 3.09 - - - - - - - - 1983 5.40% 35,700 1,928 2.95 187,825 2,678,300 2,678,300 22 28,273 2,678,300 199,812 2,849,839 1984 5.70% 37,800 2,155 2.78 - - - - - - - - 1985 1 5.70% 39,600 2,257 2.67 105,732 52,038 2,257 1 2,257 4,514 4,514 169 4,684 1986 5.70% 42,000 2,394 2.59 108,780 53,599 2,394 2,394 4,788 9,302 531 10,003 1987 5.70% 43,800 2,497 2.44 106,872 55,207 2,497 2,497 4,993 14,296 937 15,933 1988 6.06% 45,000 2,727 2.32 104,400 56,863 2,727 2,727 5,454 19,750 1,400 22,787 1989 6.06% 48,000 2,909 2.23 107,040 58,569 2,909 2,909 5,818 25,567 1,927 30,531 1990 6.209/ 51,300 3,181 2.13 109,269 60,326 3,181 3,181 6,361 31,928 2,528 39,421 1991 6.20% 53,400 3,311 2.06 110,004 62,136 3,311 3,311 6,622 1 38,550 3,205 49,248 1992 6.20% 55,500 3,441 1.96 108,780 64,000 3,441 3,441 6,882 45,432 3,952 60,081 1993 6.20% 57,600 3,571 1.94 1 111,744 65,920 3,571 3,571 7,142 52,574 4,774 71,997 1994 6.20% 60,600 3,757 1.89 114,534 67,898 3,757 3,757 7,514 60,089 5,682 85,193 1995 6.20% 61,200 3,794 1.82 111,384 69,935 3,794 3,794 7,589 67,678 6,674 99,456 1996 6.20% 62,700 3,887 1.73 108,471 72,033 3,887 3,887 7,775 75,452 7,751 114,982 1997 6.20% 65,400 4,055 1.64 107,256 74,194 4,055 4,055 8,110 83,562 1 8,928 132,019 1998 6.20% 68,400 4,241 1.56 106,704 76,420 4,241 4,241 8,482 92,044 10,220 150,720 1999 6.20% 72,600 4, 1.47 106,722 78,712 4,501 1 4,501 9,002 101,046 11,642 171,364 2000 6.20% 76,200 4,724 1 1.40 106,680 81,074 4,724 4,724 9,449 110,495 13,207 194,020 2001 6.20% 1 80,400 4,985 1.36 1 109,344 83,506 4,985 4,985 9,970 120,464 14,925 218,915 2002 6.20% 84,900 5,264 1.35 114,615 86,011 5,264 5,264 10,528 130,992 16,813 246,256 2003 6.20% 87,000 5,394 1.32 114,840 88,591 5,394 5,394 10,788 141,780 18,874 1 275,918 2004 6.20% 87,900 5,450 1.26 110,754 91,249 5,450 5,450 10,900 152,680 21,103 307,920 2005 6.20% 90,000 5,580 1.21 108,900 93,986 5,580 5,580 11,160 163,840 23,512 342,592 2006 6.20% 94,200 5,840 1.16 109,272 96,806 5,840 5,840 11,681 175,520 26,132 380,405 2007 6.20% 97,500 6,045 1.11 108,225 99,710 6,045 1 6,045 12,090 187,610 28,984 421,479 2008 6.20% 102,000 6,324 1.09 1 111,180 102,702 6,324 6,324 12,648 200,258 32,085 466,212 2009 1 6.20% 1 106,800 6,622 1.10 116,361 105,783 6,559 6,559 1 13,117 213,375 35,458 514,787 2010 6.20% 106,800 6,622 1.08 115,344 108,956 6,622 6,622 13,243 226,619 39,106 567,136 2011 6.20% 106,800 6,622 1.04 111,072 1 112,225 6,622 6,622 13,243 239,862 43,032 1 623,411 2012 6.200% 110,100 6,826 1.01 111,201 115,591 6,826 6,826 13,652 253,514 47,268 684,331 2013 6.20% 113,700 7,049 1.00 113,700 119,059 7,049 7,049 14,099 267,613 51,854 750,284 2014 6.200% 117,000 7,254 1.00 117,000 122,631 7,254 7,254 14,508 282,121 56,815 821,607 TOTALS 3,306,180 2,475,730 141,061 141,061 282,121 539,486 821,607 Benefit Calculation: Indexed Earnings 35 Year Average (monthly) 9/24/2015 $3,306,180 $7,872 Tier$ Tier% $743 $826 90% $1,329 $4,980 32% $0 > $4,980 15% First Month Pension (dollars) $2,073 Early Retirement Factor Final Monthly Amount $1,555 Account Balance at Retirement $821,607 Cost Of Living Allowance (COLA) PERS Benefit Year Social Benefit Payable Security Payments Opening Account Value & Account Account Investment Income Balance Closing Account Value Account Surplus/ Deficit 1 18,654 821,607 60,921 863,874 863,874 2 19,027 863,874 64,077 908,924 908,924 3 19,408 908,924 67,442 956,958 956,958 4 19,796 956,958 71,029 1,008,191 1,008,191 5 20,192 1,008,191 74,857 1,062,857 1,062,857 6 20,596 1,062,857 78,942 1,121,203 1,121,203 7 21,008 1,121, 203 83,302 1,183,498 1,183,498 8 21,428 1,183,498 87,959 1,250,029 1,250,029 9 21,856 1,250,029 92,933 1,321,105 1,321,105 10 22,293 1,321,105 98,247 1,397,058 1,397,058 11 1 22,739 1,397,058 1 103,927 1,478,246 1,478,246 12 23,194 1,478,246 109,999 1,565,050 1,565,050 13 23,658 1,565,050 116,492 1,657,884 1,657,884 14 24,131 1,657,894 123,436 1,757,189 1,757,189 15 24,614 1,757,189 130,866 1,863,442 1,863,442 16 25,106 1,863,442 138,817 1,977,153 1,977,153 17 25,608 1,977,153 147,326 2,098,871 2,098,871 18 26,120 2,098,871 156,436 2,229,186 2,229,186 19 26,643 2,229,186 166,190 1 2,368,733 2,368,733 20 27,176 2,368,733 176,636 2,518,194 2,518,194 21 27,719 2,518,194 187,825 2,678,300 2,678,300 22 28,273 2,678,300 199,812 2,849,839 2,849,839 23 1 28,839 2,849,839 212,656 3,033,656 3,033,656 24 29,416 3,033,656 226,421 3,230,662 3,230,662 25 30,004 3,230,662 1 241,174 3,441,832 3,441,832 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 TOTALS 597,497 Costa Mesa Pension Oversight Committee Participant Retirement Age Years of Service Life Expectancy (years) Final Year Salary Payroll Growth Factor Investment Rate of Return (Discount Rate) http://www.socialsecurity.gov/OACT/COLA/cbb.html#Series http://www.socialsecurity.gov/OACT/ProgData/taxRates.htmI http://www.ssa.gov/pubs/EN-05-10070.pdf Social Security Calculator 67 Age 67 - Full Retirement Age 30 Safety 20 PERS Actuary Life Expectancies Table $122,631 PERS 3.00•% PERS 7.50% PERS Benefit Calculation: Indexed Earnings 35 Year Average (monthly) 9/24/2015 $3,306,180 $7,872 Tier$ Tier% $743 $826 90% $1,329 $4,980 32% $0 > $4,980 15% First Month Pension (dollars) $2,073 Early Retirement Factor Final Monthly Amount $2,073 Account Balance at Retirement $821,607 Cost Of Living Allowance (COLA) PERS Benefit Year Social Benefit Payable Security Payments Opening Account Value & Account Account Investment Income Balance Closing Account Value Account Surplus/ Deficit 1 Year Rate Base Max Index Factor Social Indexed Earnings Security Contributions Salary and Employee Contribution AccountValues City Contribution Total Annual Contributions Accumulated Total Contributions Investment Income for Current Year Year End Account Value 1975 4.95% 14,100 698 5.20 26,395 935,717 69,189 978,511 978,511 5 26,922 978,511 1976 4.95% 15,300 757 4.87 - - - - - - - - 1977 4.95% 16,500 817 4.59 83,201 1,178,266 1,178,266 9 29,142 1,178,266 87,277 1,236,401 1978 5.05% 17,700 894 4.25 - - - - - - - - 1979 5.08% 22,900 1,163 3.91 1,434,438 13 31,544 1,434,438 106,400 1,509,294 1,509,294 14 1980 5.08% 25,900 1,316 3.59 - - - - - - - - 1981 5.35% 29,700 1,589 3.26 34,144 1,765,083 131,101 1,862,039 1,862,039 18 34,827 1,862,039 1982 5.409% 32,400 1,750 3.09 - - - - - - - - 1983 5.40% 35,700 1,928 2.95 22 1984 5.70% 37,800 2,155 2.78 - - - - - - - - 1985 5.70% 39,600 2,257 2.67 1 105,732 52,038 2,257 2,257 4,514 4,514 169 4,684 1986 5.70% 42,000 2,394 2.59 108,780 53,599 2,394 2,394 4,788 9,302 531 10,003 1987 5.70% 43,800 2,497 2.44 106,872 55,207 2,497 2,497 4,993 14,296 937 15,933 1988 6.06% 45,000 2,727 2.32 104,400 56,863 2,727 2,727 5,454 19,750 1,400 22,787 1989 6.06% 48,000 2,909 2.23 107,040 58,569 2,909 2,909 5,818 25,567 1,927 30,531 1990 6.209/ 51,300 3,181 2.13 109,269 60,326 3,181 3,181 6,361 31,928 2,528 39,421 1991 6.20% 53,400 3,311 2.06 110,004 62,136 3,311 3,311 6,622 38,550 3,205 49,248 1992 6.20% 55,500 3,441 1.96 108,780 64,000 3,441 3,441 6,882 45,432 3,952 60,081 1993 6.20% 57,600 3,571 1.94 1 111,744 65,920 3,571 3,571 7,142 52,574 4,774 1 71,997 1994 6.20% 60,600 3,757 1.89 114,534 67,898 3,757 3,757 7,514 60,089 5,682 85,193 1995 6.20% 61,200 3,794 1.82 111,384 69,935 3,794 3,794 7,589 67,678 6,674 99,456 1996 6.20% 62,700 3,887 1.73 108,471 72,033 3,887 3,887 7,775 75,452 7,751 114,982 1997 6.20% 65,400 4,055 1.64 107,256 74,194 4,055 4,055 8,110 83,562 8,928 132,019 1998 6.20% 68,400 4,241 1.56 106,704 76,420 4,241 4,241 8,482 92,044 10,220 150,720 1999 6.20% 72,600 4,501 .47 106,722 78,712 4,501 4,501 9,002 101,046 11,642 171,364 2000 6.20% 76,200 4,724 1 1.40 106,680 81,074 4,724 4,724 9,449 110,495 13,207 194,020 2001 6.20% 1 80,400 4,985 1.36 1 109,344 83,506 4,985 4,985 9,970 120,464 14,925 218,915 2002 6.20% 84,900 5,264 1.35 114,615 86,011 5,264 5,264 10,528 130,992 16,813 246,256 2003 6.20% 87,000 5,394 1.32 114,840 1 88,591 5,394 5,394 1 10,788 141,780 18,874 275,918 2004 6.20% 87,900 5,450 1.26 110,754 91,249 5,450 5,450 10,900 152,680 21,103 307,920 2005 6.20% 90,000 5,580 1.21 108,900 93,986 5,580 5,580 11,160 163,840 23,512 342,592 2006 6.20% 94,200 5,840 1.16 109,272 96,806 5,840 5,840 11,681 175,520 26,132 380,405 2007 6.20% 97,500 6,045 1.11 108,225 99,710 6,045 6,045 12,090 187,610 28,984 1 421,479 2008 6.20% 102,000 6,324 1.09 111,180 102,702 6,324 6,324 12,648 200,258 32,085 466,212 2009 6.20% 1 106,800 6,622 1 1.10 116,361 105,783 6,559 6,559 13,117 213,375 35,458 514,787 2010 6.20% 106,800 6,622 1.08 115,344 108,956 6,622 6,622 13,243 226,619 39,106 567,136 16.20% 106,800 6,622 1.04 111,072 112,225 6,622 6,622 13,243 239,862 43,032 623,411 2 6.20% 110,100 6,826 1.01 111,201 115,591 6,826 6,826 13,652 253,514 47,268 684,331 3 L 6.20% 113,700 7,049 1.00 113,700 119,059 7,049 7,049 14,099 267,613 51,854 750,284 4 6.20°/ 117,000 7,254 1.00 117,000 122,631 7,254 7,254 14,508 282,121 56,815 821,607 LS 3,306,180 2,475,730 141,061 141,061 282,121 539,486 821,607 Benefit Calculation: Indexed Earnings 35 Year Average (monthly) 9/24/2015 $3,306,180 $7,872 Tier$ Tier% $743 $826 90% $1,329 $4,980 32% $0 > $4,980 15% First Month Pension (dollars) $2,073 Early Retirement Factor Final Monthly Amount $2,073 Account Balance at Retirement $821,607 Cost Of Living Allowance (COLA) PERS Benefit Year Social Benefit Payable Security Payments Opening Account Value & Account Account Investment Income Balance Closing Account Value Account Surplus/ Deficit 1 24,872 821,607 60,688 857,423 857,423 2 25,370 857,423 63,355 895,409 895,409 3 25,877 895,409 66,185 935,717 935,717 4 26,395 935,717 69,189 978,511 978,511 5 26,922 978,511 72,379 1,023,968 1,023,968 6 27,461 1,023,968 75,768 1,072,275 1,072,275 7 28,010 1,072,275 79,370 1,123,635 1,123,635 8 28,570 1,123,635 83,201 1,178,266 1,178,266 9 29,142 1,178,266 87,277 1,236,401 1,236,401 10 29,725 1,236,401 91,615 1,298,292 1,298,292 11 1 30,319 1,298,292 1 96,235 1,364,208 1,364,208 12 30,925 1,364,208 101,156 1,434,438 1,434,438 13 31,544 1,434,438 106,400 1,509,294 1,509,294 14 32,175 1,509,294 111,991 1,589,110 1,589,110 15 32,818 1,589,110 117,953 1,674,244 1,674,244 16 33,475 1,674,244 124,313 1,765,083 1,765,083 17 34,144 1,765,083 131,101 1,862,039 1,862,039 18 34,827 1,862,039 138,347 1,965,559 1,965,559 19 35,524 1,965,559 146,085 2,076,120 2,076,120 20 36,234 2,076,120 154,350 2,194,237 2,194,237 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 TOTALS 604,328 Costa Mesa Pension Oversight Committee Participant Retirement Age 62 Years of Service 30 Final Year Salary $69,378 Payroll Growth Factor 3.009A Normal Cost 13.3000% Employee Pension Contribution Rate 6.650% City Pension Contribution Rate 6.650% Investment Rate of Return (Discount Rate) 7.509% Life Expectancy 25 401a/457 Defined Contribution Plan Calculator Benefit Calculation: Age 62 Retirement Miscellaneous PERS PERS PERS PERS Actuary Life Expectancies Table Account Balance at Retirement Cost Of Living Allowance (COLA) Number of Payments (years) First Year Benefit (dollars) $571,235 2.00% &EI Benefit Year Pension Benefit Payable Employment Year Salary Pension Employee Contribution Contributions City Contribution and AccountValues Total Contributions (peryear) Accumulated Total Contributions Investment Income for Current Year Year End Account Value 1 29,440 1,958 1,958 3,916 3,916 147 4,062 2 30,324 2,017 2,017 4,033 7,949 456 8,551 3 31,233 2,077 2,077 4,154 12,103 797 13,502 4 32,170 2,139 2,139 1 4,279 16,381 1,173 18,954 7 33,135 2,203 2,203 548,876 548,876 1,587 24,948 6 34,129 2,270 2,270 4,539 25,327 2,041 31,529 7 35,153 2,338 2,338 4,675 30,003 2,540 38,744 8 36,208 2,408 2,408 4,816 34,818 3,086 46,646 9 37,294 2,480 2,480 4,960 39,779 3,684 55,291 10 38,413 2,554 2,554 5,109 44,888 4,338 64,738 11 1 39,565 2,631 2,631 5,262 50,150 5,053 75,053 12 40,752 2,710 2,710 5,420 55,570 5,832 86,305 13 41,975 2,791 2,791 5,583 61,152 6,682 98,570 14 43,234 2,875 2,875 5,750 66,903 7,608 111,928 15 44,531 2,961 2,961 5,923 72,825 8,617 126,468 16 45,867 3,050 3,050 6,100 78,925 9,714 142,282 17 47,243 3,142 3,142 6,283 85,209 10,907 159,472 18 48,660 3,236 3,236 6,472 91,681 12,203 178,147 19 50,120 3,333 3,333 6,666 98,347 13,611 198,424 20 51,624 3,433 3,433 6,866 105,213 15,139 220,429 21 53,172 3,536 3,536 7,072 112,285 16,797 244,298 22 54,768 3,642 3,642 7,284 119,569 18,596 270,178 23 56,411 3,751 3,751 7,503 127,071 20,545 298,225 24 58,103 3,864 3,864 7,728 134,799 22,657 328,610 25 59,846 3,980 3,980 7,960 142,758 24,944 361,513 26 61,641 4,099 4,099 8,198 150,957 27,421 397,133 27 63,491 4,222 4,222 8,444 159,401 30,102 435,679 28 65,395 4,349 4,349 8,698 168,099 33,002 477,378 29 67,357 4,479 4,479 8,959 177,057 36,139 522,476 30 1 69,378 4,614 4,614 9,227 186,284 39,532 571,235 31 32 33 34 35 36 37 38 39 40 TOTALS 1,400,635 93,142 93,142 186,284 384,951 571,235 Account Balance at Retirement Cost Of Living Allowance (COLA) Number of Payments (years) First Year Benefit (dollars) $571,235 2.00% &EI 9/24/2015 Benefit Year Pension Benefit Payable Payments Opening Account Value & Account Balance Account Investment Income Closing Account Value Account Surplus/ Deficit 1 41,427 571,235 41,289 571,097 571,097 2 42,256 571,097 41,248 570,089 570,089 3 43,101 570,089 41,140 568,129 568,129 4 1 43,963 568,129 1 40,961 565,128 1 565,128 5 44,842 565,128 40,703 560,989 560,989 6 45,739 560,989 40,359 555,609 555,609 7 46,654 555,609 39,921 548,876 548,876 8 47,587 548,876 39,381 540,671 540,671 9 48,538 540,671 38,730 530,863 530,863 10 49,509 530,863 37,958 519,312 519,312 11 1 50,499 519,312 1 37,055 505,867 505,867 12 51,509 505,867 36,008 490,367 490,367 13 52,539 490,367 34,807 472,634 472,634 14 53,590 472,634 33,438 452,482 452,482 15 54,662 452,482 31,886 429,706 429,706 16 55,755 429,706 30,137 404,088 404,088 17 56,870 404,088 28,174 375,392 375,392 18 58,008 375,392 25,979 343,363 343,363 19 59,168 343,363 23,533 307,728 307,728 20 1 60,351 307,728 20,816 268,194 268,194 21 61,558 268,194 17,806 224,441 224,441 22 62,790 224,441 14,478 176,130 176,130 23 64,045 176,130 10,808 122,893 122,893 24 65,326 122,893 6,767 1 64,334 64,334 25 66,633 64,334 2,326 28 28 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 TOTALS 1,326,919 Costa Mesa Pension Oversight Committee Participant Retirement Age 62 Years of Service 30 Final Year Salary $122,631 Payroll Growth Factor 3.00% Normal Cost 25.300% Employee Pension Contribution Rate 12.650% City Pension Contribution Rate 12.650•* Investment Rate of Return (Discount Rate) 7.50% Life Expectancy 1 25 401a/457 Defined Contribution Plan Calculator Benefit Calculation: Age 62 Retirement Safety PERS PERS PERS PERS Actuary Life Expectancies Table Account Balance at Retirement Cost Of Living Allowance (COLA) Number of Payments (years) First Year Benefit (dollars) 9/24/2015 Benefit Year Pension Benefit Payable Employment Year Salary Pension Employee Contribution Contributions City Contribution and AccountValues Total Contributions (peryear) Accumulated Total Contributions Investment Income for Current Year Year End Account Value 1 52,038 6,583 6,583 13,166 13,166 494 13,659 2 53,599 6,780 6,780 13,561 26,726 1,533 28,753 3 55,207 6,984 6,984 13,967 40,694 2,680 45,401 4 56,863 7,193 7,193 1 14,386 55,080 3,945 63,731 7 58,569 7,409 7,409 14,818 69,898 5,336 83,885 6 60,326 7,631 7,631 15,263 85,161 6,864 106,011 7 62,136 7,860 7,860 15,720 100,881 8,540 130,272 8 64,000 8,096 8,096 16,192 117,073 10,378 156,842 9 65,920 8,339 8,339 16,678 133,751 12,389 185,908 10 67,898 8,589 8,589 17,178 150,929 14,587 217,674 11 69,935 8,847 8,847 17,693 168,623 16,989 252,356 12 72,033 9,112 9,112 18,224 186,847 19,610 290,191 13 74,194 9,386 9,386 18,771 205,618 22,468 331,430 14 76,420 9,667 9,667 19,334 224,952 25,582 376,346 15 78,712 9,957 9,957 19,914 244,866 28,973 425,233 16 81,074 10,256 10,256 20,512 265,378 32,662 478,406 17 83,506 10,563 10,563 21,127 286,505 36,673 536,206 18 86,011 10,880 10,880 21,761 308,266 41,031 598,998 19 88,591 11,207 11,207 22,414 330,679 45,765 667,177 20 91,249 11,543 11,543 23,086 353,765 50,904 741,167 21 93,986 11,889 11,889 23,779 377,544 56,479 821,425 22 96,806 12,246 12,246 24,492 402,036 62,525 908,442 23 99,710 12,613 12,613 25,227 427,262 69,079 1,002,748 24 102,702 12,992 12,992 25,983 453,246 76,181 1,104,912 25 105,783 13,381 1 13,381 26,763 480,009 83,872 1,215,547 26 108,956 13,783 13,783 27,566 507,575 92,200 1,335,313 27 112,225 14,196 14,196 28,393 535,968 101,213 1,464,919 28 115,591 14,622 14,622 29,245 565,212 110,966 1,605,129 29 119,059 15,061 15,061 30,122 595,334 121,514 1,756,765 30 122,631 15,513 15,513 31,026 626,360 132,921 1,920,712 31 32 33 34 35 36 37 38 39 40 TOTALS 2,475,730 313,180 313,180 626,360 1,294,352 1,920,712 Account Balance at Retirement Cost Of Living Allowance (COLA) Number of Payments (years) First Year Benefit (dollars) 9/24/2015 Benefit Year Pension Benefit Payable Payments Opening Account Value & Account Balance Account Investment Income Closing Account Value Account Surplus/ Deficit 1 139,294 1,920,712 138,830 1,920,248 1,920,248 2 142,080 1,920,248 138,691 1,916,859 1,916,859 3 144,921 1,916,859 138,330 1,910,267 1,910,267 4 1 147,820 1,910,267 1 137,727 1,900,174 1,900,174, 5 150,776 1,900,174 136,859 1,886, 256 1,886,256 6 153,792 1,886, 256 135,702 1,868,167 1,868,167 7 156,868 1,868,167 134,230 1,845, 529 1,845,529 8 160,005 1,945,529 132,414 1,817,938 1,817,938 9 163,205 1,817,938 130,225 1,794,958 1,784,958 10 166,469 1,794,958 127,629 1,746,119 1,746,119 11 169,799 1,746,119 124,591 1 1,700,911 1,700,911 12 173,195 1,700,911 121,074 1,648,790 1,648,790 13 1 176,658 1,648, 790 117,035 1,589,166 1,589,166 14 180,192 1,589,166 112,430 1,521,405 1,521,405 15 183,795 1,521,405 107,213 1,444,823 1,444,823 16 187,471 1,444,823 101,332 1,358,683 1,358,683 17 191,221 1,358,683 94,730 1,262,192 1,262,192 18 195,045 1,262,192 87,350 1,154,497 1,154,497 19 198,946 1,154,497 79,127 1,034,678 1,034,678 20 1 202,925 1,034,678 69,991 901,744 901,744 21 206,984 901,744 59,869 754,630 754,630 22 211,123 754,630 48,680 592,186 592,186 23 215,346 592,186 36,339 413,179 413,179 24 219,653 413,179 22,751 216,278 216,278 25 224,046 216,278 7,819 52 52 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 TOTALS 4,461,629 LI% Expeetanoy Tabl6 Based on CMPERS AauarIsI Amu mptlone adopM In 2014 using 20 Year FlortalltyImprovement Pro]@GWn Heelthy RoarWont OlratilltY MuMMItyr Non-wo k Releiee Wary R*le6re AUM Elft FimAa Bela Ewalt Kok E MWk a x1.88 84.77 66.30 68.?3 77.?3 SD.66 1 811.96 83.74 99.63 67.96 76.93 79.?3 2 79.91 82.75 58.96 6720 76.93 78.62 78.93 81.76 5839 66A3 75,82 77.89 4 73.95 80.77 57.62 60.66 74.12 76.97 s 75.97 79.79 96.9L 64.99 7331 76.44 F 75.94 38.60 5537 64.12 72.31 75.12 7 35.06 33.61 55.50 63.34 71 AO 74.19 6 31.02 35.&7 EL.96 62.56 70A9 7333 F 73.65 75.63 9L31 61.70 69.50 72.34 M 72.OS 31.94 53.52 61.00 60.67 71.11 1111 31.67' 33.66 52.62 6031 67.76 MAH it 36,84 32.06 52.12 59A3 66,85 69.55 is 89.11 31.99 51.12 50.64 65.94 60.67 114 56.112 3x.69 50.72 57.65 65102 6?.69 119 57.14 59.90 90.01 57.05 61.11 66.?6 iF HAS 56.91 A9.30 56.26 63.119 65.62 17 55.17 57.92 18.59 55.46 52.27 E3.09 19 5-0.19 56.93 47.87 SL.66 61.36 63.95 16 63.20 65.94 47.15 53.66 6013 63.02 20 62.22 64.9s 46AA 53.06 }9.92 62.08 21 61.23 53.97 45.72 5235 58.60 61.15 22 60.25 52.90 44.99 51 A5 57.68 6031 29 59.26 51.99 4437 MAL 95.75 593? 24 58.28 51.00 43.54 49.63 55.63 58.3E 2S 57.30 50.011 42.82 49.03 54.91 57143 29 56.31 99.07 42.09 4832 53.95 56AS 27 55.33 58.04 41.36 47AII 53.46 55.57 29 51.35 57,8S 4x.53 46.56 52.14 54.58 28 53.36 56.06 39.90 45.39 51311 53.55 a0 52.34 55.08 39.17 44.98 5629 52.31 al 51 A6 51.09 MM3 "A7 49.37 51.37 92 90.42 53.11 37.71 43.36 48.44 90,84 M 19.45 52.13 36.98 42.56 43.52 49.96 84 18.47 51.15 36.25 41.75 "An 48.97 86 17.50 50.17 35.53 18.95 45.6e 48.03 as 16.53 19.13 3L.80 38.15 AL.76 47.10 97 i5.SS 1831 3L.09 39.35 13.84 16.17 a8 44.59 4334 33.37 38.56 42.92 463E S8 43.63 45.27 32.56 37.73 42.01 44.32 40 42.67 15.31 31.95 36.98 41.10 43.39 41 41.72 11.35 3136 3631 40.19 421-8 42 40.77 43A0 30.57 3SA3 3939 41.56 49 39.83 i2A5 29M 34.57 38.38 40.65 14 38.09 31.51 29.211 3.91 37A9 33.75 46 37.97' 18.58 28.54 3.17 36.60 38.85 48 37.05 39.66 27.89 32A3 35.71 37.95 47 36.15 38.75 2735 31.711 3L.83 37.47 48 3535 33.86 26.52 31 A6 33.96 35.19 40 3L.39 36.98 25.41 36.31 33.16 35.33 60 33.53 36.13 25A2 29.53 3225 3LA8 91 32.76 35.30 24,84 28.97 31 Al 33.64 52 31.87 3LA6 21.27 28.31 3x.57 32.39 95 31.63 33.62 23.70 23.54 29.73 31.95 154 3030 32.78 23.1-0 26.96 28.96 31.10 99 29.38 31.92 22.58 26.28 28.09 3x.23 94 28.55 311.05 22.02 25.58 27.23 29.35 97 27.72 36.18 21 A7 24.86 26.39 2SA7 as 26.90 29.30 70.93 24.11L 25.56 27.58 s8 25.07 28AII 20.39 23_12 24.72 26.70 lJ% Expectancy Table 9ake0 on Ca1PERS Actuarlal Amumptlone adop-.M In 2414 uaing20 Year Mart3dlty I mprovemen t Projectlon =ram KeM Wcrgan. PERS Aduw} Ju -rt 2E. 2015 Healthy Rwlpi"t 01c !:Aityr MortrlltY Hon -Work Relaieol Work Rrlubed AML Mal¢ Famale Yale Fwnalr Pala Female 80 25.24 :-.53 19.E22 53 23 93 _: 9_ 81 2AA2 26.65 1929 21.9? 23.0- 2# 95 RQ .3.66 25.77 18.71 2125 2236 '4 33 B:3 32.77 2x.89 18.18 20.53 21A5 23.31 84 21.94 2x.01 17.52 19.82 20.66 22143 86 21.11 23.14 17,04 19.11 19.87 21.56 88 20.29 22.27 16AS 1812 19.09 20.71 97 19.46 21.41 15,86 17.73 18.32 19.93 Q! 18.65 20.56 1527 17,0E 17.54 19.13 98 17.114 19.73 14.56 15.39 16.77 18.3E 70 17.04 18.90 14,06 15.32 15A2 17.58 71 1636 18.08 13.46 15 A 7 1537 16.82 73 15.50 1738 12.87 14 A 2 14.55 16,07 M 14.75 16.49 1228 13.37 13,84 15.34 74 14.111 15.71 11.70 13.13 13.15 14.53 76 133E 14.95 11.14 12.50 12.48 13.93 7B 12.57 1430 10.58 11.88 11.82 1335 77 111.117 13A7 10.03 11.26 11.20 12.58 78 11.19 1275 9.50 10.66 10.E9 11.94 78 10.53 17.05 8.98 10.07 10.01 11.32 90 9.89 11.3E SA7 9.50 SAS 10.71 81 9.27 13.EE 7.99 8.95 8.91 10.13 62 43.67 12.12 7.53 SA2 8.39 9.56 8a 5.10 9.32 7.09 7.90 7.88 9.02 84 7.56 43.77 6.67 7!-0 7A43 SA9 8e 7.112 43.117 628 6.92 6.92 7.97 88 5.51 7.59 5.90 6A5 6A5 7A7 87 5.61 7.134 5.54 6A2 6A0 6.98 as S.S6 5.51 520 5.50 5.55 6A9 2e 5.11 5.61 4,08 520 5.111 6A1 80 43.71 S.53 +.57 41811 4.311 S.53 81 4.33 S.o6 228 4A4 A.33 SA8 82 3.99 4.66 3.99 4.11 3.99 1.56 88 3.68 237 3.68 3,86 3.68 227 84 3A0 3.92 3.40 3.51 3A0 3.92 86 3.24 3.59 3.24 325 3.14 3.59 w 2.91 339 2.91 3.112 2.91 329 F7 2:70 3.02 2.70 2.01 2.70 3A2 88. 250 277 2.50 2.67 2.50 2.77' 88 231 2.57 2.31 2A3 2.31 252 100 2.12 2.25 2.12 226 2.12 2-% 101 1.90 2.67 1.90 2A2 1.90 2A2 102 1.69 1.79 1.99 1.39 1.59 1.79 ioa 1.47 1.56 1A7 1.55 1A7 1.55 104 1.27 1.34 127 1.34 127 1.34 106 1.12 1.17 1.12 1.17 1.12 1.17 in 0.90 1.67 0.98 1A2 0.9e 1A2 107 0.86 0.89 O,06 0,89 0,06 0,89 ion 0.75 0.76 0.75 0.76 0.7E 0.76 108 0.54 0.6E 0.54 0.50 8.54 0.6E Ilia 0.E0 0.50 0.5o 0.5o 0.50 0.50 Lre enecmnry is the cxrage remaining mbar ar years anemte is eryemctl 10 surAre r s+b)�the rest or his or her ICe to Cyc c rrerrl mormilty asaur Mns. This Ire etyedanri Wie Is hared on morlalkf ralm derbed Tom data toilected during'ttal {eam 20066o 2011. =ram KeM Wcrgan. PERS Aduw} Ju -rt 2E. 2015 Social Security and Medicare Contribution Rates htto-llwwwsocialsecurity.eov/OACTIProeDataitaxRates html tette llvnvwssa_e�v'ouhs'E':-45-1�D' gd` Y"r BaSe OA501 Rite Contribution Maximum SS 8enelit index Factor 1937-49 3,000 1.00076 30 1950 3,000 1-00076 30 1951-53 3,600 1.500% 54 1954 3,600 2.00076 72 1422 1955 4,200 2.000^16 84 13.60 1956 4,200 2.000% 84 12.71 1957 4,200 2-250% 95 12.33 1958 4.200 2-25096 9S 1222 1959 4,800 2-500% 120 11-64 1960 4.800 3.00076 144 1120 1961 4,800 3-00096 144 10-98 1962 4,800 3.12576 150 10-46 1963 4,800 3.625% 174 10.21 1964 4,800 3-62S% 174 9.81 1965 4,800 3-625% 174 9.64 1966 6,600 3-85o% 254 9.09 1967 6,600 3-900% 257 8.61 1968 7,800 3-8DD% 296 806 1959 7,800 4-200% 328 7.62 1970 7,800 4,200% 328 7.26 1971 7,800 4-60o% 359 6.91 1972 9,000 4.600% 414 6.29 1973 10,800 4.850% 524 5.92 1974 13,200 4-950% 653 5.59 1975 14,100 4.95096 698 5.20 1976 15,300 4-950% 757 4.57 1977 16,500 4-950% 817 4.59 1978 17,700 5.050% 894 4.25 1979 22 900 5.080% 1,153 3.91 1980 25,900 5.080% 1,316 3.59 1981 29,70D S•3S(% 11589 3.26 1982 32,400 5.400% 1,750 3.09 1983 35,700 5-400% 1,928 2.95 1984 37,800 5-700% 2,155 2.78 1985 39,600 5-70D% 2,257 2.67 1986 42,000 5-700% 2,394 2.59 1987 43,800 5.700% 2,497 2A4 1988 45,000 6-050% 2,727 2.32 1989 48,000 6.060% 2.909 2.23 1990 51,300 6.200% 3,181 2.13 1991 S3,400 6-200% 3.311 2.06 1992 55,500 6-200% 3.441 1.96 Medkare Rate Contribution Maximum 0.3570 i 0-50% 1 0.60% 2 0-60% 2 0.60% 2 O.W% 2 0.60% 2 1.00% 5 0.90% 6 0.90% 6 0-90% 7 090% 7 1.00% 9 1.05% 12 1.05% 14 1.05% 17 130% 23 130% 25 1.30% 28 1.35% 30 2AS% 35 1A5% 36 1A5% 40 1.45% 42 185% 46 1.4S% 4s 1.4S% 50 dial Security{ and Medicare Contribution fates hrm 14ww.socoalseruritw.FrdYlGAcTfcn I_a.fthh.htm1t#5gries hfup�wwwszialse u&V. RW/OAS r}pr-DKaata/tax Rates.html htto:ffwww.ssa.eowfouhsfEll a-10070.odf Yea r Base oAsDi Rate cantrihudon Rl mdmw m 55 Benefit Index Fact -or 1993 57,600 6-2DG% 3,571 1.94 1994 60,600 6-2DG% 3,757 1.89 1995 61,100 6-2DG% 3,794 1.82 1996 62,700 5-2DG% 3,&97 1.73 1997 65,400 5-ZDG% 41055 1.54 199a 6 400 6-2D0% 4,241. 1.56 1999 72,600 6-2D0% 4,301 1.0 2040 76,200 6-2DG% 4,? 24 1.40 20C'_ 80,400 6-2DG% •4.91- 1.3 20C2 $ 9W 6-2DG% 3,26.4 1.35 2003 87,DOD 6-2D0% 5,394 1.32 2OG4 87,900 6-2D0% 5,450 2.26 2045 90,D04 6-2DG% 5,580 1.21 20()6 $94,20D 6-2DG% 5,840 1.16 2007 97,500 6-2D0% 6,045 1.11 2008 102,000 5-2DG% 6,324 1.99 2009 106,800 6-2D0% 6,62Z 1.10 2010 106,800 6-2D0% 6,62Z 1.D6 201'- 106,82DD 5-2DG% 6,622 i.D4 2412 110, i0D 6-2DG% 6,826 1.D 1 2013 113,700 6-2D0% 7,049 i.DG 2M4 117,000 6-2D0% 7,254 1.DG 2015 118 500 6 -SDG% 7,347 Medicare A,atte C13rrtri hutii)n Maximum 145% 52 I+45% 34 I+45% 35 I 15% 56 145% 59 145% 6Q 115% 65 145% 69- i +45% 72 145% 76 115% 79 115% ,9 I 45% al I+45% 85 115% U 115% 92 145% 9£r 145% 9£r 115% 96 145% 99 115% tat 1+45% 105 145% 107 AC UNIT 203.00 ■ 151_011 1_7 - - - - -- - - - 01 Cy) P14 P-1 P-1 P-1 P-1 n i n l n n n 8 0 9 -6 1 9 -6 9 -6 _ LOT 10 LOT 9 LOT 8 LOT 7 C)i 15-011 I II 6' -0 -------- II — — — II 13i -6n 6; 0 I 3 MIN. MN -6 I I P 3 P12P11 P10 i i 4 18'-7" L - I I w PAVING INTERIOR I LU i =ALOT LINES BY OTHERS o J ! N> 0 _ 91_011 ----------WON------------- ----------- P1 ------------ P1 p_2 I P2 P3 1 p_2 1 4� P5 F11L p_2 1 P6 C) I I _ I I _ 1 _ _N ': 1 LOT 1 1 o s LOT 2 1 o s OT 3 1 o s 9 0 00 '--------- i --------- i L — — — — — — — J CO r N 111_311 ° 25'-2'° 25'-2' ° 251_21 1"E3ETBACK� ' T ' Ix ' r � z< P-1 P-1 :: LOT 6 LOT 5 co i, ii --------- 11 n --- II _ n 61 -0 101-51110 0 M N. SETBAC .. i i i ------------- ----------------- 211-611 ----------------21'_6" II PROJECT_ _o -------------------- ii1-0 ENTRY �� II �` II II -------L-------- P7 1 p_2 1 P8 P9 9,_oi„ L_ LOT 4 ,_11 „ - 10,_6„ oe .00 C) , oo II 31,_7„ II . . . . OF.4 . M*0 sIIIIIII E:►, Col E_ -111 . k4a WEson NOTE: THIS EXHIBIT IS FOR BUILDING REFERENCE ONLY. PLEASE REFER TO CIVIL CONTACT: PATRIC LYNUM ARCHITECT: AND LOT COVERAGE / OPEN SPACE 17911 VON KARMAN AVE., SUITE 200 LANDSCAPE IRVINE, CA 92614 687 SF 949-851-2133 PLAN 2 FOOTPRINT DRAWINGS SITE AREA PROJECT DETAILS FOR DESCRIPTION ADDTIONAL CONSTRUCTION TYPE V -B OCCUPANCY R-3 NUMBER OFSTORIES SITE 31% 6943 SF REQUIRED PRIVATE OPEN SPACE RELATED PER UNIT ZONING R2 -HD HIGH DENSITY RESIDENTIAL SITE AREA INFORMATION. PROPOSED UNITS 10 UNITS PROPOSED DENSITY 18.9 DU/ACRE GARAGE SPACES PRIVATE OPEN SPACE DRIVE AISLE /PAVING BERNARD 1 planet home living & CHARLE Planet Home Living 1451 Quail St., Suite 204 Newport Beach, CA 92660 949-208-7248 i I L ■ 9,_0„ 0 ■ CHARLE STREET L_ i I ■ J II � z 00Q II co 0- 13'-1 " II SETBACK. ii I WAI ENTRY FACING BERNARD STREET PRIVATE OPEN SPACE H W W H 6' PERIMETER R.O.W. WALL/FENCE DEDICATION PER LANDSCAPE NORTH ARCHITECTURAL SITE PLAN CITY KTGY # 1015-0893 OF COSTA MESA, CA 11.15.2015 ADDITIONAL DOCUMENTS= N13=1 PROJECT ADDRESS 522 + 526 BERNARD ST COSTA MESA, CA 92627 A P N LOT 7: 422-101-12 LOT 8: 422-101-13 CLIENT/DEVELOPER: PLANET HOME LIVING 6 60% 9744 SF 461 SF 12510 1451 QUAILST,SUITE204 1694 SF NEWPORT BEACH, CA 92660 949-208-7248 10 16520 SF 21034 SF CONTACT: PATRIC LYNUM ARCHITECT: KTGY GROU P, INC LOT COVERAGE / OPEN SPACE 17911 VON KARMAN AVE., SUITE 200 IRVINE, CA 92614 687 SF 949-851-2133 PLAN 2 FOOTPRINT CONTACT: ALAN SCALES SITE AREA PROJECT DETAILS DESCRIPTION 10 -SMALL LOT UNITS WITHIN THE MESA WESTRESIDENIIAL OWNERSHIP URBAN PLAN CONSTRUCTION TYPE V -B OCCUPANCY R-3 NUMBER OFSTORIES 2+3 STORIES 31% 6943 SF REQUIRED PRIVATE OPEN SPACE ZONING SUMMARY PER UNIT ZONING R2 -HD HIGH DENSITY RESIDENTIAL SITE AREA 0.53 ACRES 23142 NETSF PROPOSED UNITS 10 UNITS PROPOSED DENSITY 18.9 DU/ACRE GARAGE SPACES PROPOSED REQUIRED GUESTSPACES FRONTYARD 10 FEET5INCH 20 FEET SIDE YARDS 5 FEET M I N 5 FEET STREET SI DE YARDS 8 FEET REAR YARD 11 FEET 10 FEET MAX BUILDING HEIGHT 40 FEET 45 FEET BU I LDI NG SEPARATI ON 6 FEET M I N UNIT PLAN SUMMARY DESCRIPTION SF QTY SALEBALE SF GARAGE SF BUILDABLE SF PLAN 1 (2BD+DEN / 2.5 BA- 3 -STORY) 1624 SF 6 60% 9744 SF 461 SF 12510 PLAN 2 (3BD / 2.5 BA - 2 -STORY) 1694 SF 4 40% 6776 SF 437 SF 8524 TOTALS 10 16520 SF 21034 SF LOT COVERAGE / OPEN SPACE PLAN 1 FOOTPRINT 687 SF PLAN 2 FOOTPRINT 1081 SF SITE AREA 23142 SF BU I LDI NG COVERAGE 8446 SF 36% STREET/ PARKING 7631 SF 33% OPEN / LANDSCAPING 7065 SF 31% 6943 SF REQUIRED PRIVATE OPEN SPACE 200 SF MIN PER UNIT FLOOR AREA RAT 0.91 PARKING SUMMARY GARAGE SPACES 20 i. GUESTSPACES 14 ii. 34 TOTAL 3.4 PER UNIT NOTES: L VIA 2 -CAR GARAGES, TO BE A MINIMUM 20'X20' CLEAR. ii. OPEN SPACES TO BE 8.5'X18' MINIMUM. TO ALLOW FOR ADQUATE BACK UP SPACE, OPEN PARKING SPACES ADJACENT TO OTHER OPEN SPACES SHALL BE MIN. 9'X18' W HEN DRIVE AISLE IS 24'-0" W IDE AND 9'-6" X 18'-0" W HEN ADJACENT TO A BUILDING W ALL OR OTHER OBSTRUCTION. KTGY Group, Inc. Arch itecture+Planning 17911 Von Karman Ave., Suite 200 Irvine, CA 92614 949.851.2133 ktgy.com 0 5 10 20 AO -01 rlVICINITY MAP, N.T.S. 0 in NB -1 CITY COUNCIL SUPPLEMENTAL MEMORANDUM MEETING DATE: DECEMBER 1, 2015 SUBJECT: URBAN MASTER PLAN SCREENING REQUEST (UMP -15-04) FOR A 10 -UNIT DETACHED RESIDENTIAL DEVELOPMENT AT 522 AND 526 BERNARD STREET DATE: DECEMBER 1, 2015 FROM: PLANNING DIVISION/DEVELOPMENT SERVICES DEPARTMENT PRESENTATION BY: MINOO ASHABI, PRINCIPAL PLANNER `Q FOR FURTHER INFORMATION CONTACT: MINOO ASHABI, PRINCIPAL PLANNER (714) 754-5610 minoo.ashabiCd-costamesaca.gov The purpose of this memo is to provide additional information on the ownership of the project and a comparison of the proposed project and the 10- unit condominium project. • The project site is currently owned by MDM Investment Group Holdings LLC and Planet Home Living is the applicant. • The 10 -unit attached condominium project was approved on October 14, 2013 and recently received a time extension extending the entitlement until October 14, 2017. Approved Proposed 10 -unit attached condominiums 10 -unit detached homes (small lots) Four 3 -story structures Six 3 -story structures Four 2 -story structures along Charle Street 15 open parking spaces (2 per 3 bedroom and 14 parking spaces (2 per unit and 2 guest 1.5 per 2 bedroom) spaces) Deviations: Deviations: 1. Lot size (one acre required, 0.53 -acre 1. Lot size (one acre required, 0.53 -acre proposed) proposed) 2. Garage size standard (20' x 20' required; 2. Front setback requirement (20 feet required, 19'- 4" x 19' proposed) 10'- 5" proposed) 3. Open space requirement (40 percent 3. Side yard setback for corner lots (10 feet required, 22.4 percent proposed) * required, 8' - 3" proposed) 4. Front setback requirement (20 feet required, 4. Privacy wall setback on Charle Street (5 feet 10'- 5" proposed) required, 3 feet proposed) 5. Side yard setback for corner lots (10 feet required, 8' - 3" proposed) * Interior side setback and building to building setback 6. Interior side setback (10 feet required are no longer applicable because of Small Lot Ordinance abutting residential, 6 feet proposed) * and the minimum open space requirement is 30 percent 7. Minimum distance between buildings (10 (31% proposed) feet required, 7 feet proposed) * 8. Front setback requirement (20 feet required, 10'- 5" proposed) 9. Side yard setback for corner lots (10 feet required, 8' - 3" proposed) 10. Privacy wall setback on Charle Street (5 feet required, 3 feet proposed) cc: Chief Executive Officer Assistant Chief Executive Officer Director of Economic & Development / Deputy CEO City Attorney Public Services Director Transportation Svs. Mgr. City Engineer City Clerk (9) Staff (7) File (2) Planet Home Living 1451 Quail Street, #204 Newport Beach, CA 92660 MDM Investment Group Holdings LLC 23 Corporate Plaza, Suite 150 Newport Beach, CA 92660 I BERNARD & MMM 1 planet home living "I CHARLE Planet Home Living 1451 Quail St., Suite 204 Newport Beach, CA 92660 949-208-7248 kh .0 F] CL;� F ICE 0 t �j • r ������.� Ear. .�� '� ' `* y�• I k 111EM, 4t' IIl Ir t � . �wi'7� • i�� L - _ q.i atm. i jj •• x ,' r f *0, {fir'_ #'Rf �� +#i%•• ,. . + ti4�� ti. .ry ore 41 MIF h "i * *� -1-+`' ■ + y yid L { r + • "'*-may . , ! SMV ir ,�._ a 4•r {} + I •iii -A r��aw�• ••i.__ Y —k f� t1 �414 ----------- z ------—--— RIM --- -M ` ~ - - �!Mn r - STREET PERSPECTIVE M M CITY OF COSTA MESA, CA KTGY # 1015-0893 11.15.2015 CORNER OF CHARLE ST. & BERNARD ST. KTGY Group, Inc. Arch itectu re+Plan n i ng 17911 Von Karman Ave., Suite 200 Irvine, CA 92614 949.851.2133 ktgy.com BERNARD & MMM 1 planet home living i f 1 - j ,. _ ti*� ice;`_ 3- •'r' fT � � a - •7AJ tiJF+ # USA k C Sir 44 1 F _ � _ - - -_ EM PILL CHARLE Planet Home Living 1451 Quail St., Suite 204 Newport Beach, CA 92660 949-208-7248 X11 '�i� ---.�....�*+L + - � __�'�� r�-art_. • T ` Phi _ ' _ � �.• M STREET PERSPECTIVE M M CITY OF COSTA MESA, CA KTGY # 1015-0893 11.15.2015 CHARLE STREET - LOOKING SOUTH KTGY Group, Inc. Arch itectu re+Plan n i ng 17911 Von Karman Ave., Suite 200 Irvine, CA 92614 949.851.2133 ktgy.com AI -02 _..��--,a.,r. STREET PERSPECTIVE M M CITY OF COSTA MESA, CA KTGY # 1015-0893 11.15.2015 CHARLE STREET - LOOKING SOUTH KTGY Group, Inc. Arch itectu re+Plan n i ng 17911 Von Karman Ave., Suite 200 Irvine, CA 92614 949.851.2133 ktgy.com AI -02 ff •/ OFT, # 4 #. �. � � ,all' : �• �}# # 1 - •. 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FT. 2ND FLOOR 678 SQ. FT. 3RD FLOOR 692 SQ. FT. TOTAL DWELLING 1624 SQ. FT. DECK 1108 SQ. FT. GARAGE 1461 SQ. FT. 0 2 4 8 & CHARLE PLAN I FLOORPLANS AI-OI Planet Home Living 1451 Quail St., Suite 204 Newport Beach, CA 92660 949-208-7248 CITY OF COSTA MESA, CA KTGY Group, Inc. KTGY # 1015-0893 11.15.1015 Architecture+Planning 17911 Von Karman Ave., Suite 200 Irvine, CA 92614 949.851.2133 ktgy.com O <N O r r 39'-8" 13'-6" 16'-6" 5'-5 1/2" SECOND FLOOR 17'-8 1/2" BERNARD & CHARLE 1 planet home livin Planet Home Living 1451 Quail St., Suite 204 Newport Beach, CA 92660 949-208-7248 39'-8" 16'-6" N N 39'-8" 21'-2" 2'-0" 14'-0" 2'-6" ----- ----- I I O r I I N FIRST FLOOR PLAN 2 FLOOR PLANS M M CITY OF COSTA MESA, CA KTGY # 2015-0893 11.25.2015 KTGY Group, Inc. Arch itecture+Planning 17911 Von Karman Ave., Suite 200 Irvine, CA 92614 949.851.2133 ktgy.com 1 ST FLOOR 637 SQ. FT. 2ND FLOOR 1058 SQ. FT. TOTAL DWELLING 1694 SQ. FT. GARAGE 437 SQ. FT. 0 2 4 8 A2 02 RIGHT ELEVATION LEFT ELEVATION REAR ELEVATION 0114 Oki z Fil IhIki mmm. Iwo 1 planet home living & CHARLE Planet Home Living 1451 Quail St., Suite 204 Newport Beach, CA 92660 949-208-7248 FRONT ELEVATION MATERIAL LEGEND I. FIBER CEMENT LAP SIDING 2. STUCCO, LIGHT SAND FINISH 3. ASPHALT SHINGLE ROOF 4. VINYL GLAZING 5. FIBERGLASS ENTRY DOOR 6. DECORATIVE EXTERIOR LIGHT 1. FLAT -BAR METAL RAILING 8. METAL SECTIONAL GARAGE DOOR 0 2 4 8 PLAN I -ELEVATIONS A3=0 I CITY OF COSTA MESA, CA KTGY Group, Inc. KTGY # 2015-0893 11.25.2015 Arch itecture+Planning 17911 Von Karman Ave., Suite 200 Irvine, CA 92614 949.851.2133 ktgy.com RIGHT ELEVATION LEFT ELEVATION 1 planet home living ll WINDOWS AT ENHANCED ELEVATIONS ALONG BERNARD ST. ONLY & CHARLE Planet Home Living 1451 Quail St., Suite 204 Newport Beach, CA 92660 949-208-7248 REAR ELEVATION PLAN 2 - ELEVATIONS MATERIAL LEGEND I. FIBER CEMENT LAP SIDING 2. STUCCO, LIGHT SAND FINISH 3. ASPHALT SHINGLE ROOF 4. VINYL GLAZING 5. FIBERGLASS ENTRY DOOR 6. DECORATIVE EXTERIOR LIGHT 1. FLAT -BAR METAL RAILING 8. METAL SECTIONAL GARAGE DOOR CITY OF COSTA MESA, CA KTGY Group, Inc. KTGY # 2015-0893 11.25.2015 Arch itectu re+Plan n i ng 17911 Von Karman Ave., Suite 200 Irvine, CA 92614 949.851.2133 ktgy.com 0 2 4 8 �1 VIEW TOWARD SOUTH VIEW TOWARD WEST BERNARD MMM 1 planet home living i1q. RyyJ�f_ i t . ; d d ■ & CHARLE Planet Home Living 1451 Quail St., Suite 204 Newport Beach, CA 92660 949-208-7248 6 ti or 1 J ■ 0 + ` %F , } ■ r 1 L ■ r _ 1 L # ®r I .� i I' • r 1 1 ' i .�� ■ jr + -ML , r t _ 7T- 0 1 .� 4T .. IL 1' do ti VIEW TOWARD NORTHEAST M M, 4116- POP - EXISTING CONDITIONS M CITY OF COSTA MESA, CA KTGY # 1015-0893 11.15.2015 FL — A _ 1 L IL "ft 1 K KTGY Group, Inc. Arch itectu re+Plan n i ng 17911 Von Karman Ave., Suite 200 Irvine, CA 92614 949.851.2133 ktgy.com A4-01 ADDITIONAL DOCUMENTS - CC -3 WARRANT INFORMATION Payment Date Remittance to: Remittance Payment Explanation of payment Ref. ID: Amount 0192837 11/13/15 Central Orange County 0000001629 $65.00 What was this for? Emergency Vet bill for stray dog who appeared to have broken jaw & injured leg. Animal Control responded and took the dog to the emergency animal hospital for treatment. The $65 standard fee to the City for the initial assessment is a generous price. Once dog owner is located, the animal hospital will invoice the owner for the remainder of any fees. 0193071 11/20/15 SOS Survival Products 0000014360 $1,003.62 What was this for? The SOS supplies are for an emergency survival kit at the Senior Center that includes enough supplies for 50 people. The supplies include items such as flashlights, emergency aid kits, batteries, emergency blankets, nutrition/food bars etc ... in preparation for the El Nino season, as well as disaster drill that is being coordinated with the Fire Dept.