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<br />/ <br />Pi / <br />/ (,.t)/'J('." e <br />/ ~J"'-Y <br />...... '_._.' )v' <br /> <br />)' <br />Ie/' <br />j(~/j/ ~ <br />\r-;'; <br />'; <br /> <br />", <br />J <br /> <br />This Summary refers to <br />the Valuation under <br />II. Agency's Contract <br />Modified by Proposed <br />Amendments described in <br />attached statement, <br />F 591 and bearing the <br />1950 following numbers in <br />that statement: A&B . <br /> <br />Agency Number 137 <br /> <br />COATES, HERFURTH & ENGLAND <br />CONSULTING ACTUARIES <br />225 CROCKER BLDG. - SAN FRANCISCO 4 <br />CALIFORNIA <br /> <br />Summary of Public Agency-Valuation ~ ~ July 1, <br /> <br />CITY OF SANTA AK~ <br /> <br />Agency Name <br /> <br />Miscellaneous Data <br /> <br />1.** Minimum Normal Age at Voluntary <br />Service Retirement <br /> <br />Local Safety <br />Members <br />55* <br />~ <br /> <br />2. <br /> <br />3. <br />5. <br />6. <br />7. <br /> <br />Number of Members (a) On Duty 114 <br />(b) Not on Duty <br /> <br />Annual Salaries, members on duty o~S85,452.00 <br /> <br />Number of Retired Members <br /> <br />Annual Prior Service Pension <br /> <br />Annual Members' Contrib. <br />% Payroll <br /> <br />- <br /> <br />$ 42,332.64 <br />10.98 <br /> <br />Net Benefits, All Members <br /> <br />28.** P.V.*** all Net C.S. Benefits other than Ord. Death <br />Less Agency Accum. Contribs. on hand <br />Balance to be provided by Agency <br />% f.V..of Future Salaries <br /> <br />29. P.V. Net Ord. Death Benefits <br />Less Agency Accum. Contribs. on hand <br />Balance to be provided by Agency <br />% P.V. of Future Salaries <br /> <br />P.V. Prior Service Benefits <br />Less Agency Accum. Contribs. on hand <br />Balance to be provided by Agency <br /> <br />30. <br /> <br />31. <br /> <br />32. <br /> <br />33. <br /> <br />34. <br /> <br />Annual Installment to provide (28) <br />% of Annual Salaries <br /> <br />Annual Installment to provide (29). <br />% of Annual Salaries <br /> <br />Misc. <br />Members <br />60 (1/60)* <br />~mlt <br /> <br />241 <br />17 <br /> <br />$691,128.00 <br />30 <br /> <br />$ 28,410.00 $ <br /> <br />$ 63.476.64 $ <br />9.18 <br /> <br />Total <br /> <br />/ <br />355 / <br />17 / <br />',':r. <br />',/ -y <br />$1.076.580.00 <br />30' <br /> <br />28.410.00 <br /> <br />105,809.28 <br />9.83 <br /> <br />766.825.00 <br />255.715.00 <br />511.110.00 <br />4.579 <br /> <br />74.878.00 <br />20.705.00 <br />54.173.00 <br />.485 <br /> <br />$1.152,788.00 <br />88.577.00 <br />$1.064,111.00 <br /> <br />t\ <br /> <br />$ <br />$ <br /> <br />$ 49.297.00 <br />4.579 <br />$ 5.221.00 <br />.485 <br /> <br />Total Annual Installment, Curro Servo (31 and 32) $ <br />% of Annual Salaries <br /> <br />Annual Installment to liquidate Prior Service (30) in <br />22 years, i.e., Balance of ' period originally selected $ <br />% of Annual Salaries <br /> <br />COAT~ ENCWll. <br /> <br />/ ~".j <br /> <br />( .. <br />in previous revaluation summaries <br /> <br />July 17th <br /> <br />, 1951 <br /> <br />* <br />i:--lI' <br />*** <br /> <br />Cross out one. <br />Items bear the <br />Present Value. <br /> <br />same numbers as <br /> <br />F 322c 5-51 )500 <br /> <br />54.518.00 <br />. 5.064 <br /> <br />1J3,471.00 <br />5.696 <br />