Laserfiche WebLink
'CITY OF ELK RIVER <br />.January 1, Zd08 Actuarial I/aluation Pasf Employment Benefits <br />Summary of Resuffis <br />A. f/aluation Census Data <br />1. Active employees <br />2. Covered retirees and beneficiaries <br />3. Total <br />B. GASB 43 and GASB 45 Results <br />1. Benefit obligations <br />a. Present value of OPEB benefits <br />b. Actuarial Accrued Liability (AAL) <br />c. Normal cast (beginning of year) <br />d. Expected contributions during year <br />2. Annual Required Contribution (ARC) <br />3. Annual OPEB Cost <br />C. Reconciliation of/!!et QPEB Obligation <br />1. Net OPEB obligation as of January 1, 2008 <br />2. Annual OPEB cost (expense) <br />3. Expected contributions and adjustment for active employees <br />4. Net OPEB obligation as of December 31, 2008 (1. + 2. +3.) <br />D, Key Economic Assumptions <br />1. Discount rate for liabilities <br />2. Health care cost trend rate <br />January 1, 2008 <br />117 <br />6 <br />123 <br />361,640 <br />88,7181f• <br />6,861 <br />(2,030) <br />12,266 <br />12,266 <br />0 <br />12,266 <br />2 030 <br />10,236 <br />4.00% <br />10% to 5% <br />in 5 years <br />2 <br />]]'' ~~ <br />