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0 <br />CALPERS RETIREMENT PLANS - (7.50% ARR) <br />MICELLANEOUS (% of PAYROLL) <br />Assumptions <br />Investment Loss <br />TOTALS <br />RANGE <br />Low <br />High <br />Low <br />High <br />Low <br />High <br />2011 -12 <br />0.5% <br />2.5% <br />0.4 <br />0.6 <br />0.9 <br />3.1 <br />oft <br />- 4m[-. <br />2012 -13 <br />0.4 <br />0.5 <br />2013 -14 <br />1.5 <br />2.2 <br />1.5 <br />2.2 <br />2014 -15 <br />0.3 <br />0.4 <br />0.3 <br />0.4 <br />0.5% <br />2.5% <br />2.6% <br />3.7% <br />SAFETY <br />(% of PAYROLL) <br />Assumptions <br />Investment Loss <br />TOTALS <br />RANGE <br />Low <br />High <br />Low <br />High <br />Low <br />High <br />2011 -12 <br />2.0% <br />3.0% <br />0.9% <br />1.1% <br />2.9% <br />4:010 1 % <br />2012 -13 <br />0.7% <br />0.9% <br />2013 -14 <br />2.9% <br />3.7% <br />2.9% <br />2014 -15 <br />0.5% <br />0.9% <br />0.5% <br />2.0% <br />3.0% <br />5.0% <br />6.3% <br />12 <br />