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CITY OF SAN LEANDRO <br />Required Supplemental Information <br />For the year ended June 30, 2015 <br /> <br /> <br />Fiscal Year 2013-2014 <br />Actuarially determined contribution $2,992,821 <br />Contributions in relation to the actuarially <br />determined contributions (2,992,821) <br />Contribution deficiency (excess) <br />Covered-employee payroll $10,747,946 <br />Contributions as a percentage of covered- <br />employee payroll 27.85% <br />Notes to Schedule <br />Valuation date:6/30/2013 <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 30 years <br />Asset valuation method 5-year smoothed market <br />Inflation 2.75% <br />Salary increases Varies by Entry Age and Service <br />Investment rate of return <br />Retirement age 55 yrs. Misc., 50 yrs. Safety <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 />7.5% Net of Pension Plan Investment and <br />Administrative Expenses; includes <br />Inflation <br />Safety Plan <br />City of San Leandro <br />Cost-Sharing Multiple Employer Defined Pension Plan - Safety Plan <br />Last 10 Years* <br />SCHEDULE OF CONTRIBUTIONS <br /> <br /> <br /> <br /> <br /> <br />93