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CITY OF SAN LEANDRO <br />Required Supplemental Information <br />For the year ended June 30, 2015 <br /> <br /> <br />2015 <br />Actuarially determined contribution $4,594,523 <br />Contributions in relation to the actuarially <br />determined contributions (4,594,523) <br />Contribution deficiency (excess) <br />Covered-employee payroll $21,405,267 <br />Contributions as a percentage of covered- <br />employee payroll 21.46% <br />Notes to Schedule <br />Valuation date:12/31/2013 <br />Methods and assumptions used to determine contribution rates: <br />Actuarial cost method Entry age <br />Amortization method Level percentage of payroll, closed <br />Remaining amortization period 9 years <br />Asset valuation method 5-year semi-annually <br />Inflation 2.75% <br />Salary increases 3.3% - 14.2% <br />Investment rate of return <br />Retirement age 55 years <br />Mortality Derived using CalPERS Membership Data for all Funds <br />* Fiscal year 2015 was the 1st year of implementation, therefore only one year is shown. <br />7.50%, net of pension plan investment expense, including <br />inflation <br />Agent Multiple Employer Defined Benefit Retirement Plan - Miscellaneous Plan <br />City of San Leandro <br />As of fiscal year ending June 30, 2015 <br />Last 10 Years* <br />SCHEDULE OF CONTRIBUTIONS <br /> <br />92