HomeMy WebLinkAboutPOWERPOINT PRESENTATION - CALPERS SAFETY SIDE FUND (ITEM 10)CITY OF TUSTIN
POLICE PUBLIC EMPLOYEES
RETIREMENT SYSTEM SAFETY
SIDE FUND PAYOFF
Sa fe ty Side Fund Payo ff
Projected Savings:
FY 2015 $538,000
FY
2016
901,051
FY
2017
928,083
FY
2018
955,925
FY
2019
984,603
FY
2020
11014,141
Lump Sum Payment
r- . . : - - : - r. -C i ...,.,. - c .......
$5,321,803
4,348,779
$973,024
Safety Plan Unfunded Liability
Unfunded Liability
Funded Katio
Lump Sum Payment
Estimated Unfunded Liability
�stimated Funded Ratio
$27.3 million
I3.8%
$(4.3 million)
$23 million
78%
Data from CaIPERS based on actuarial released October
2014
imp /over Contribution Rate
Reduction For Safety P' /an
Current FY 2015 Contribution Rate
Rate Reduction
New Rate Effective 11/17/14
27m849%
36.343%
- 8.494%
City
CaIFERS 2014/2015 Contribution Rates for Public Safety
Employees (Police)*
Notes
Anaheim
32.608%
Sarno for Tie
Brea
33.314%
Buena Park
29.556%
Costa Mesa
41.456%
Cypress
29.5566
Fountain Valley
37.289 a / 21.367 %
Tier 1/ 2
Fullerton
38.455%
Same for Tier 1 & 2
Garden drove
38.111%
Huntington Beach
39.051%
Irvine
35.545%
La Habra
36.9986
La Palma
29.556 % 16.596 %
Tier 1/ 2
Laguna Beach
27.849 % 22.250 °
Tier 1/ 2
Los Alamitos
29.1036
Newport Beach
44.522%
Same for Tier 1 & 2
Orange
33.320%
Placentia
50.965%
Santa Ana
4L710%
Seal Reach
29.556%
Tustin
27.849% 36.343%/20.083%
Tier 1/ 2
Westminster
29.971 %/ 21.463 %
Tier 1/ 2
Rates obtained from the CaIPERS wehsite.
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