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RFP No. 21-025
<br />EXHIBIT B
<br />)�'ruii 11ftI,AMclw I
<br />Year I(CSSon Ifbrnp Ienn b&ISnfe YSymCnl
<br />1 -,cot, FIeSh start NO 17 (1,507,124) (124,360)
<br />J Jnn/ Ncnaflr(hl"i, No / 111.)1/h 4bzss¢J
<br />10u/ n.n[flc Lhl1,1 NO S 1'LL]1J 1952s
<br />4 t011Y 0. .r nlPtlnn 1111,1 NU 30 211,911,Ii12 1,�IAI11I
<br />LLLI 1pec.. I+a'. 11)/I.— NU Ja LJ,]Ltl llYh L,1/_]ILL
<br />6 2010 S,e ,. IC, ln l!'_o.. No 21 10,805290 774,689
<br />7 2011 AaaamP-; on Cneng. NO 12 12,8S2,043 1374,150
<br />8 2011 SWc lGnL WL.— NO 22 (7,380,4801 1512,9361
<br />9 2012 P]111 en11Gain)/Lam NO 23 .5,629,785 381,500
<br />I 7n11 (C.6'1/I.— Nn 71 I764`11) II70nB)
<br />11 701i (f,fn)j 11v .. 1nn,, 14 1n0,iP4591 fi095471
<br />17 7014 Pnn1Ptlon C.v7 np;. 1n0'A t' PSpi973S 4, i7"967
<br />ti 1114 (Ca3n)Pnc: tno] 9(411411GaJ
<br />14 )01_ (oil1111 n. 160% )6 B) 1112A 1151;45G
<br />15 )016 ALumpvor I'lvnd> fnl7 17 L )GA.114 7,7vQ5)
<br />1G 201C (Cen)/Ln.. AON. 27 17,94129G 19Cs4,4AS
<br />17 2117 A ImpGOr Cn1nPI- GO% I 11,723,G57 747,1A2
<br />19 2017 Ua3n/Lu_, GO% 28 I21,124,2Gn1 1830,1-91
<br />10 2016 Me,IImICr :tT 10% 19 6,357,217 231,819
<br />10 201A Asau In Lion C)a nCe 10N. 19 30, 751,017 1.12l,45&
<br />21 208 (g] 11 um 40% 29 111,919,487) (242,422)
<br />22 204 A SA''I li ca r11u 10.e NO 20 145,209 12,266
<br />23 2019 Nan-II11e:on..1ICi3 111 NO 20 3,048,449 278,180
<br />21 2019 nveatnlen.JNt(Gah)/Lai 20% 20 1d22,161 83,568 m
<br />Year I(ea3un I(amp lerm balanfe 12ylnerlL
<br />1 LOOS
<br />Fresh Stalt
<br />NO
<br />15
<br />$ (2b54991) 5
<br />(215,631)
<br />11.
<br />NPn01T Cl11 I'l
<br />NO
<br />`
<br />I.I E,IAn
<br />i7/.1.1
<br />_ LOu9
<br />A`.: a 1111 m n Change
<br />N0
<br />10
<br />1a.99'6s1
<br />1, [:91p4✓.
<br />a Loot
<br />sl,cua (goln)/a--
<br />NU
<br />1n
<br />119/r.LYI.
<br />;]LL.L9u
<br />Lulu
<br />]Penal (baln)/I�s
<br />N0
<br />Ll
<br />hl./Ya...aj
<br />ICe. bL)
<br />6 20_1
<br />A._um Phan Cbonge
<br />NO
<br />12
<br />16 C014S8
<br />1,707,020
<br />7 2011
<br />SPeci]I (c]iulqu_:
<br />NO
<br />22
<br />(4 37a.026)
<br />(204,640)
<br />8 2012
<br />P]Ymo'=l9]ir0/1—
<br />NO
<br />23
<br />2.240,551
<br />558,418
<br />9 2012
<br />lu]In)/im;
<br />NO
<br />23
<br />74450415
<br />5,04`102
<br />In lnil
<br />ITT "l/'.—
<br />1Mir.
<br />,3
<br />111f+fi1711
<br />O,OnF,JS]
<br />II 1014
<br />1.( F.jl 10/7_S yr.
<br />IonI..
<br />IS
<br />SVUa q
<br />Sa,i ,,1
<br />17 To,
<br />(911)/IIll
<br />on,
<br />7i
<br />(°.¢79ai74)
<br />I3 ,n,
<br />(e, nJ/In'1
<br />,o11'A
<br />71,
<br />.4,/10ILI
<br />141,4'„
<br />14 )(M.
<br />7,0 A rn 7375A
<br />9CrA
<br />,7
<br />14A7771A
<br />140,6;1:
<br />75 )01r
<br />(g.,l n)/las
<br />qo%
<br />)7
<br />,,.4040R9
<br />),ri6,34u
<br />1G 2117
<br />717;^..; 1a 72r%
<br />C10%
<br />,A
<br />22905, 190
<br />1247,070
<br />17 )617
<br />(aj vW,,:
<br />60%
<br />)A
<br />0)L51.3S41
<br />I JA3)11)
<br />18 2018
<br />Mclhod Chcnga
<br />10%
<br />19
<br />G.22,'2r8
<br />191188
<br />13 2018
<br />7.25k-a700k
<br />10k
<br />19
<br />38.600,765
<br />1,111886
<br />20 201£
<br />lrainl/iaii
<br />40k
<br />29
<br />(1l71k09)
<br />(39,187)
<br />21 2019
<br />mpn-ervstm •nt [tialn)pC
<br />Na
<br />20
<br />`,185,187
<br />472,164
<br />22 2019
<br />1lvrcm+ry rn
<br />20',
<br />20
<br />a 463 87.
<br />97.502
<br />I Combined UAL S 709,655,463 S 56,216,m I
<br />The annual UAL payment is an aggregate of 46 loan amortization schedules, which is equal to
<br />$56.2 million for FY 21-22, as illustrated in the chart above.
<br />New Bases
<br />CalPERS adds a new Amortization Base to the existing liability each year, including "credits' for
<br />positive investment performance above the discount rate of 7.0%. Based on the CaIPERS
<br />Actuarial Amortization Policy, investment gains and losses, a change in actuarial assumptions or
<br />actuarial methods, and changes in plan provisions are amortized over a period of 20 years.
<br />Specific to investment gains and losses as recognized in the City's valuation shall be the annual
<br />amount determined in accordance with the following schedule:
<br />• Year 1: 20% of base payment
<br />• Year 2: 40% of base payment
<br />• Year 3: 60% of base payment
<br />• Year 4: 80% of base payment
<br />• Years 5 through 20: base payment
<br />New bases are based on a combination of policy changes referred to as a "change in
<br />methodology" approved by the CalPERS Board and investment performance. For example, a
<br />change of methodology was reported for 2018 when CalPERS added a new Amortization Base to
<br />account for the reduction in the Discount Rate from 7.25% to 7.00%. In the following year,
<br />CaIPERS reported a 6.70% investment return on June 30, 2019. This minimal investment loss
<br />(compared to 7.0% benchmark) will be reflected in the up -coming June 30, 2019 actuarial report
<br />released in July 2020.
<br />City Council 23 — 44 5/18/2021
<br />
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