Loading...
HomeMy WebLinkAboutSupplemental - Received by John Waller CALPERS ACTUARIAL VALUATION June 30,2017 1 PEPRA Safety-Page 12 6/30/2017- 06/30/2017- Liabilities Assets Safety Plan $ 73,923,468.00 $ 53,383,881.00 Miscellaneous Plan $ 46,033,103.00 $ 34,207,640.00 PEPRA Misc.Plan $ 299,327.00 $ 278,364.00 PEPRA Safety $ 69,367.00 $ 67,441.00 Safety Fire Plan $ 9,394,801.00 $ 6,222,034.00 Total Liabilities Total Assets Funded Ratio $ 129,720,066.00 $ 94,159,360.00 72.59% a CALPERS ACTUARIAL VALUATION June 30,2017 2 Safety-Page 12 Accrued Liability Market Value of Funded Annual% Annual% 6yr% 6yr Increase Growth Increase Increase (AL) Assets(MVA) Ratio (AL) (MVA) (AL) (MVA) 6/30/11 $ 54,442,832.00 $42,965,049.00 78.92% 6/30/12 $ 55,626,490.00 $41,020,779.00 73.74% 0.0217413 -0.0452524 6/30/13 $ 57,484,686.00 $44,564,268.00 77.52% 0.03340488 0.08638278 6/30/14 $ 64,032,161.00 $ 51,943,987.00 81.12% 0.11389947 0.16559722 35.78% 24.25% 6/30/15 $ 67,464,019.00 $ 52,017,223.00 77.10% 0.05359585 0.0014099 6/30/16 $ 70,875,950.00 $ 50,729,262.00 71.57% 0.05057408 -0.0247603 6/30/17 $ 73,923,468.00 $ 53,383,881.00 72.22% 0.04299791 0.05232915 Annual Annual Geometric Geometric Growth(AL) Growth(MVA) 5.23% 3.68% Growth of liabilities is outpacing the performance of assets Text Annual Geometric Growth (AL) = 6 year8 1 + % Increase (AL) .N6/(1 + 0.3578) - (1.3578)1/6 — 1 = 5.23% CALPERS ACTUARIAL VALUATION June 30,2017 3 Miscellaneous-Page 12 Annual% Annual% 6yr% 6yr% Accrued Liability Market Value of Funded Increase Growth Increase Increase (AL) Assets(MVA) Ratio (AL) (MVA) (AL) (MVA) 6/30/11 $ 36,532,530.00 $ 30,063,454.00 82.29% 6/30/12 $ 37,784,994.00 $29,273,349.00 77.47% 0.03428353 -0.0262812 6/30/13 $ 39,019,948.00 $31,773,281.00 81.43% 0.03268372 0.08539959 6/30/14 $ 41,917,338.00 $ 35,324,529.00 84.27% 0.07425407 0.11176838 26.01% 13.78% 6/30/15 $ 43,709,248.00 $ 35,001,043.00 80.08% 0.04274866 -0.0091575 6/30/16 $ 45,365,214.00 $ 33,542,582.00 73.94% 0.03788594 -0.0416691 6/30/17 $ 46,033,103.00 $ 34,207,640.00 74.31% 0.01472249 0.01982728 Annual Annual Geometric Geometric Growth(AL) Growth(MVA) 3.93% 2.18% Growth of liabilities is outpacing the performance of assets Annual Geometric Growth (AL) = 6 ''ears 1 + % Increase (AL) 6 (1 + 0.2601) _ (1.2601)1/6 — 1 = 3.93% CALPERS ACTUARIAL VALUATION June 30,2017 4 PEPRA Miscellaneous-Page 12 Annual% Annual% 6yr% 6yr% Accrued Liability Market Value of Funded Increase Growth Increase Increase (AL) Assets(MVA) Ratio (AL) (MVA) (AL) (MVA) 6/30/11 6/30/12 6/30/13 $ 999.00 $ 1,340.00 134.13% 6/30/14 $ 52,301.00 $ 55,027.00 105.21% 51.3533534 40.0649254 6/30/15 $ 133,033.00 $ 127,448.00 95.80% 1.54360337 1.31609937 472.32% 405.87% 6/30/16 $ 197,526.00 $ 175,321.00 88.76% 0.48478949 0.37562771 6/30/17 $ 299,327.00 $ 278,364.00 93.00% 0.51538025 0.58773906 Annual Annual Geometric Geometric Growth(AL) Growth(MVA) 54.67°' 49.97% Even though the growth will be skewed by the nature of the plan,i.c.,new hires will enter this plan as opposed to Miscellaneous classic,the growth of the accrued liabilities is still outpacing the growth of the market value of assets Annual Geometric Growth (AL) = 4 years 1 + % Increase (AL) a (1 + 4.7232) - (5.7232)1/4 — 1 = 54.67% CALPERS ACTUARIAL VALUATION June 30,2017 5 PEPRA Safety-Page 12 Annual% Annual% 6yr% 6yr Accrued Liability Market Value of Funded Increase Growth Increase Increase (AL) Assets(MVA) Ratio (AL) (MVA) (AL) (MVA) 6/30/11 6/30/12 6/30/13 6/30/14 6/30/15 6/30/16 $ 27,006.00 $ 25,032.00 92.69% 156.86% 169.42% 6/30/17 $ 69,367.00 $ 67,441.00 97.22% 1.56857735 1.69419143 Annual Annual Geometric Geometric Growth(AL) Growth(MVA) Nin N/A