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City of Santa Ana March 25, 2010 Page 5 • Current rates by medical plan and rate tier for active and retired employees; historical rate increases for the prior two or three years • If rates are blended between active and retired employees, any claims experience reports that show the relative cost difference between the two groups • Description of the City's approach towards Medicare Part D coverage Sub - Section B — Time Table and Work Product Buck will use its valuation software to develop the liability for current retirees, active employees who currently meet the eligibility requirements for retiree medical, and active employees who do not yet meet the eligibility requirements for retiree medical coverage. We will then develop a formal report that will show the following information: • Present value of the total liability for the City under varying health cost trend scenarios • Unfunded accrued actuarial liability (the UAAL) for over and under age 65 • Annual required contribution (ARC) under varied amortization schedules • Cash flow projections for the life of the current active and retiree population • Analysis of various funding strategies and their funding cost impact • A complete description of the assumptions that underlie the valuation • A glossary of common terminology used in retiree medical valuations The following is a representative table of contents for a final report: Table of Contents Cover Letter and Certification Background........................................................................................... ............................... 1 Data...................................................................................................... ............................... 2 ValuationResults ................................................................................... ............................... 3 buckconsuitants-