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Other Post -Employment Benefit Programs of the City of 11i <br />Actuarial Valuation as of July 1, 2015 <br />Table 4 - Actuarial Methods and Assumptions <br />(Continued) <br />Changes Since the Prior Valuation: <br />Discount rates Funded rate: decreased from 7.5% to 7.28% <br />Assumed Wage Inflation Decreased from 3.25% to 3.0% <br />General Inflation Rate Decreased from 3.0% to 2.75% <br />Demographic assumptions Rates of assumed mortality, :,termination, disability and <br />retirement rates were updatedrfrom those provided in the <br />CalPERS 2010 experienge study report to those provided <br />in the CalPERS 2014 akperience .study report. Future <br />improvement In mortality rates= was -plbjected by applying <br />Bickmore Scale 2914 on a fullyberierational basis to the <br />un -projected (2008) mortality rates published -in the 2014 <br />CaIPERS Experience Study Report <br />."", - <br />Participation rates The percentage of future nor -Tier 1 aetive employees <br />assumed`fo elect'doverage-in retirement if not currently <br />participating . in the City's., medical program were <br />Spouse Coverage <br />w <br />s • <br />mtage`of non -Tier 1 active employees who are <br />to elect coverage for their spouse In retirement <br />ased from 80.75% to 60%. <br />�mented a model for developing age-related <br />�emium"s based on research and data sponsored <br />2iety of Actuaries. <br />