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Agenda - 04-19-2007-1
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Agenda - 04-19-2007-1
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Last modified
4/23/2013 9:13:50 AM
Creation date
8/28/2008 11:37:08 AM
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BOCC
Date
4/19/2007
Document Type
Agenda
Agenda Item
1
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Minutes - 20070419
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\Board of County Commissioners\Minutes - Approved\2000's\2007
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SCHEDULE A <br />(continued) <br />The information presented in the required supplementary schedules was determined as part of the <br />actuarial valuation at December 31, 2005. Additional information as of the latest actuarial <br />valuation follows. <br />Valuation date <br />Actuarial cost method <br />Amortization method <br />Remaining amortization period <br />Asset valuation method <br />Actuarial assumptions: <br />Investment Rate of Return* <br />Medical cost trend rate <br />Year of Ultimate trend rate <br />*Includes inflation at <br />12/31/2005 <br />Projected unit credit <br />Level percent of pay, open <br />30 years <br />Market Value of Assets <br />4.00% <br />12.00% - 6.00% <br />2010 <br />3.75% <br />The assumed investment rate of return reflects the fact that no assets are set aside within Orange <br />County that are legally held exclusively for retiree health benefits. If a trust or equivalent <br />arrangement were set up for this purpose, the investment rate of return can be increased. <br />
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