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Other Post -Employment Benefit Programs of the City of "" <br />Actuarial Valuation as of July 1, 2015 <br />Table 2 <br />Summary of Employee Data <br />The City reported 634 active employees; of these, 600 are currently participating in the <br />medical program, 72 were opting out under a cafeteria plan and 34 others (part time) are <br />ineligible while active but may qualify in retirement. Age and service information for the <br />reported individuals is provided below: <br />Distribution of Benefits -Eligible Active Employees <br />current <br />Years of <br />Service <br />455 <br />Insurance <br />;Age <br />Total <br />Percent <br />Under'1 <br />T 1 to 4 <br />5 to 9 <br />1d:to 14 <br />1501L <br />20 &'up <br />Under25 <br />5 <br />16 <br />7 <br />Below 50 <br />19 <br />1 <br />28 <br />40/. <br />25 to 29 <br />10 <br />28 <br />12 <br />1 <br />46 <br />9% <br />51 <br />8% <br />30 to 34 <br />6 <br />18 <br />24 <br />$3 <br />4 <br />18 <br />85 <br />13% <br />35 to 39 <br />4 <br />10 <br />20 <br />43 <br />23 <br />1 <br />101 <br />16% <br />40 to 44 <br />3 <br />11 <br />22 <br />43 <br />27 <br />15 <br />121 <br />19% <br />45 to 49 <br />2 <br />6 <br />18 <br />13 <br />24 <br />38 <br />101 <br />16% <br />50 to 54 <br />0 <br />4 <br />9 <br />11 <br />18 <br />56 <br />98 <br />15% <br />55 to 59 <br />1 <br />3 <br />6 <br />10 <br />8 <br />8 <br />36 <br />6% <br />60 t0 64 <br />2 <br />4 <br />2 <br />4 <br />12 <br />2% <br />65 to 69 <br />1 <br />1 <br />0% <br />0& Up <br />I I <br />0 <br />Total <br />31 <br />96 <br />120 <br />159 <br />106 <br />122 <br />634 <br />100% <br />Percent 1 <br />5% 1 <br />15% <br />19% j <br />25% <br />179/6 <br />19% <br />100% <br />,July 2013 Valuafion July 2015 Valuation <br />Annual Covered Payroll $44,512,395 $46,879,660 <br />Average Attained Age for Actives 42.0 41.9 <br />Average Years of Service 12.3 12.9 <br />There are; also 516 retirees or 'their beneficiaries currently receiving benefits under this <br />program, Their ages are sum,marized`in-the chart below. <br />Retirees and Beneficiaries by Age* <br />Current <br />Medical & Life <br />455 <br />Insurance <br />HRA & Life <br />17 <br />Insurance <br />Life Insurance <br />Percent <br />Age <br />Police <br />Fire <br />Misc. <br />Total <br />of Total <br />Below 50 <br />19 <br />1 <br />1 <br />21 <br />4% <br />50 to 54 <br />19 <br />12 <br />15 <br />46 <br />9% <br />55 to 59 <br />15 <br />15 <br />61 <br />91 <br />18% <br />60 to 64 <br />17 <br />18 <br />71 <br />106 <br />21% <br />65 to 69 <br />17 <br />7 <br />92 <br />116 <br />22% <br />70 to 74 <br />10 <br />11 <br />36 <br />57 <br />11% <br />75 to 79 <br />3 <br />12 <br />27 <br />42 <br />8% <br />80 & up <br />4 <br />3 <br />30 <br />37 <br />7% <br />Total <br />104 <br />79 <br />333 <br />516 <br />100% <br />Avg. Age <br />59.39 <br />1 64.47 <br />1 66.96 <br />1 65.05 <br />includes 46 surviving spouses <br />Bick 1 ore <br />Retiree Benefit Levels <br />CaiPERS <br />Medical & Life <br />455 <br />Insurance <br />HRA & Life <br />17 <br />Insurance <br />Life Insurance <br />Only <br />44 <br />Total Retirees <br />Valued <br />516 <br />� z�i <br />