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Home My WebLink About43 - NB-6 - Attachment B - 2/4/2014CalPERS Actuarial Valuation City of Costa Mesa As of June 30, 2012 For FY 2014-15 rates Summary of Information Misc. Police Investment Return: FY 2011 - 2012 FY 2012 - 2013 YTD 2013 - 2014 Attachment B Fire Total 0.1% 12.5% 16.2% as of 12/31/13 Plan's Funded Status Active 270 Entry Age Normal Accrued Liability $ 225,186,488 $ 212,645,063 $ 161,328,098 $ 599,159,649 Market Value of Assets (MVA) 315 $ 141,225,952 $ 129,017,818 $ 100,677,450 $ 370,921,220 Unfunded Liability (MVA Basis) 403 $ 83,960,536 $ 83,627,245 $ 60,650,648 $ 228,238,429 Funded Ratio (MVA Basis) 62.7% 60.7% 62.4% 61.9% Employer Contribution Rates FY 2010 - 2011 14.613% 30.145% 25.968% FY 2011 - 2012 19.052% 34.063% 26.242% FY 2012 - 2013 21.803% 36.286% 37.404% FY 2013 - 2014 27.383% 38.542% 45.618% FY 2014 - 2015 29.783% 41.456% 47.452% FY 2015 - 2016 31.500% 43.300% 49.500% Prepayment Option Projected Contribution Prepayment Amount Prepayment Savings Fire Side Fund Valuation Payment $ 6,379,126 $ 7,411,789 $ 4,988,842 $ 18,779,757 $ 6,152,575 $ 7,148,564 $ 4,811,666 $ 18,112,805 $ 226,551 $ 263,225 $ 177,176 $ 666,952 $ 24,803,797 $ 1,661,369 FY 2014-15 rate = 17.896% of payroll included in Fire rates above Members Active 270 133 78 481 Transferred 273 32 10 315 Separated 307 30 5 342 Retired 403 144 114 661