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CITY OF SAN LEANDRO <br />Notes to Required Supplementary Information <br />For the year ended June 30, 2018 <br />Gty of San Leandro <br />Agent Multiple Employer Defmed Benefit Retirement Plan -Miscellaneous Plan <br />As of fiscal year ending June 30, 2018 <br />SCHEDULE OF CONTRIBUTIONS <br />Last 10 Years* <br />2015 2016 2017 <br />Actuarially determined contribution $ 5,043,060 $ 5,638,865 $ 6,387,063 <br />Contributions in relation to the actuarially <br />detennined contnbutions (5,043,060) (5,638,865) (6,387,063) <br />Contribution deficiency (excess) $ $ $ <br />Covered payroll $ 19,979,507 $ 21,037,041 $ 21,903,698 <br />Contributions as a percentage ofcovered <br />payroll 25.24% 26.80% 29.16% <br />Notes to Schedule <br />Valuation date: 6/30/2013 6/30/2014 6/30/2015 <br />Methods and assumptions used to detennine contribution rates: <br />Actuarial cost method <br />Amortization method <br />Remaining amortization period <br />Asset valuation method <br />Inflation <br />Salary increases <br />Investment rate of return <br />Retirement age <br />Mortality <br />Entry age <br />Level percentage of payroll, closed <br />8years <br />5-year semi-annually <br />2.75% <br />3.2%-12.2% <br />7.15%, net of pension plan investment expense, including inflation <br />55 years <br />Derived using Ca!PERS Membership Data for all Funds <br />* Fiscal year 2015 was the 1st year of implementation. <br />95 <br />2018 <br />$ 6,873,205 <br />(6,873,205) <br />$ <br />$ 22,862,709 <br />30.06% <br />6/30/2016 <br />560