Letter_1951_July 17_SERS - Laserfiche WebLink

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COATES. HERFURTH & ENGLAND This Summary refers to CONSULTING ACTUARIES the valuation under 225 CROCKER BUILDING - SAN FRANCISCO 4 I. Agency's Contract . CALIFORNIA as at June 30, 1950, without amendment. Summary 21 Public Agency Valuation as of July 1, 1950 ..-.... Agency Name CITY OF SAllTA .~IA Agency Number 137 Miscellaneous Data 1.** Min:illlum Normal Age at Voluntary Service Retirement Local Safety Members 55* ~ 2. Number of Members (a) On Duty (b) Not on Duty 114 3. Annual Salaries, members on duty onl~385,452.00 5. Number of Retired Members 6. Annual Prior Service Pension 7. Annual Members' Contrib. % Payroll $ 42,332.64 10.9B Misc. Members 60 (1/60)* .G~~l5l:)*-"{ Total 241 17 355 17 $691,128.00 $1,076,580.00 30 30 $ 28,410.00 $ 28,410.00 $ 63,476.64 $ 105,809.28 9.1S 9.83 Net Benefits, All Members 28.** P.V.iHf-ll- all Net C.S. Benefits other than Ord. Death Less Agency Accum. Contribs. on hand Balance to be provided by Agency % P.V. of Future Salaries 29. 3(). 31. 32. 33. 34. * *If *** P.V. Net Ord. Death Benefits Less Agency Accum. Contribs. on hand Balance to be provided by Agency % P. V. of Future Salaries P.V. Prior Service Benefits Less Agency Accum. Contribs. on hand Balance to be provided by Agency Annual Installment to provide (28) % of Annual Salaries Annual Installment to provide (29) % of Annual Salaries Total Annual hstallment, Curro Servo (31 and 32) % of Ar.nual Salaries $1, ~.00,065.00 255,715.00 $ o~,*,')vu.vU 7.565 $ 74,873.00 20.705.00 $ 54.173.00 .485 $ 957.213.00 88,577.00 $ 858,541.00 $ 81.443.00 7.565 >/' $ 5,221.00 " " .485 -'I' '\ . , $ 86/564.00 8.950- Annual Installment to liquidate Prior S€.rvice (30) in 22 years, i.e., Balance of period originally selected % of Annual Salaries H 51.806...00 ~ J.g 1 4.812 --..----- . 195' ~:h!::do~:~--- s&~e numbers as in previous revaluation summaries. li' ")')'1').,. c'. c' , c'rv' July 17th Cross out one. Items bear the f'N'""nt, V"lll".