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CITY OF SAN LEANDRO Required Supplemental Information <br />For the year ended June 30, 2016 <br />95 <br /> <br /> <br /> <br />City of San Leandro <br />Agent Multiple Employer Defined Benefit Retirement Plan - Miscellaneous Plans <br />As of fiscal year ending June 30, 2016 <br />SCHEDULE OF CONTRIBUTIONS <br />Last 10 Years* <br /> 2015 2016 <br /> <br /> <br />Actuarially determined contribution <br />Contributions in relation to the actuarially <br />$ 4,594,523 $ 4,860,237 <br />determined contributions (4,594,523) (4,860,237) <br />Contribution deficiency (excess) $ - $ - <br /> <br /> <br />Covered-employee payroll $ 19,979,507 $21,037,041 <br /> <br />Contributions as a percentage of covered- <br />employee payroll 23.00% 23.10% <br /> <br />Notes to Schedule <br />Valuation date: 6/30/2013 6/30/2014 <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 3.2% - 12.2% <br /> Investment rate of return <br /> 7.50%, net of pension plan investment <br />expense, including inflation <br />Retirement age 55 years <br />Mortality Derived using CalPERS Membership Data for all Funds * Fiscal year 2015 was the 1st year of implementation.