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<br />14 <br /> <br />4826-7904-2280v7/200434-0005 <br />A summary of principal assumptions and methods used to determine the total pension liability for Fiscal <br />Year 2020 is set forth in Table 6 below. <br />TABLE 6 <br />City of Santa Ana <br />Actuarial Assumptions for CalPERS Pension Plans <br /> Miscellaneous Safety <br />Valuation Date June 30, 2018 June 30, 2018 <br />Measurement Date June 30, 2019 June 30, 2019 <br />Actuarial Cost Method Entry Age Normal Cost Method in Accordance with the <br />Requirements of GASB 68 <br />Actuarial Assumptions: <br />Discount Rate 7.15% 7.15% <br />Inflation 2.50% 2.50% <br />Payroll Growth 2.75% 2.75% <br />Salary Increases Varies by Entry Age and Service <br />Mortality Rate Table(1) Derived using CalPERS’ Membership Data for all Funds <br />Post Retirement Benefit Increase The lesser of Contract COLA or 2.50% until Purchasing Power <br />Protection Allowance Floor on Purchasing Power applies, 2.50% <br />thereafter <br /> <br />(1) The mortality table used was developed based on CalPERS-specific data. The table includes 15 years of projected mortality <br />improvements using the Society of Actuaries Scale 90% of scale MP 2016. For more details on this table, please refer to the <br />December 2017 experience study report (based on CalPERS demographic data from 1997 to 2015) that can be found on the <br />CalPERS website. <br />Source: City’s Fiscal Year 2020 Annual Financial Report