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Actuarial Valuation of Other Post - Employment Benefit Programs as of
<br />April 1, 2012 for the Citv of Sample Citv
<br />Table 5
<br />Projected Benefit Payments
<br />The following is an estimate of other post - employment benefits to be paid on behalf of
<br />current retirees and current employees expected to retire from the City.
<br />+ No benefits expected to be paid on behalf of current active employees prior to
<br />retirement are considered in this projection.
<br />+ No benefits for potential future employees have been included.
<br />Expected annual benefits have been projected on the basis of the actuarial assumptions
<br />outlined in Table 4.
<br />Pro'ected Annual Benefit Payments -
<br />Fiscal Year
<br />Ending
<br />Current
<br />Future
<br />Ending
<br />June 30
<br />Retirees
<br />Retirees
<br />Total
<br />2012
<br />$1,242,576
<br />$
<br />$1,242,576
<br />2013
<br />1,313,061
<br />53,778
<br />1,366,839
<br />2014
<br />1,331,312
<br />111,234
<br />1,442,546
<br />2015
<br />1,375,262
<br />178,890
<br />1,554,152
<br />2016
<br />1,413,044
<br />252,847
<br />1,665,891
<br />2017
<br />1,435,251
<br />332,572
<br />1,767,823
<br />2018
<br />1,447,173
<br />418,809
<br />1,865,982
<br />2019
<br />1,474,551
<br />507,584
<br />1,982,135
<br />2020
<br />1,491,552
<br />599,012
<br />2,090,564
<br />2021
<br />1 1,508,005
<br />1 693,226
<br />1 2,201,231
<br />The following chart summarizes these same projected benefits viewed by employment
<br />group rather than by status:
<br />Projected Annual Benefit; Payments By Group
<br />Fiscal Year
<br />Ending
<br />City M mt
<br />Mid M mt
<br />General
<br />Police
<br />Fire
<br />Total
<br />2012
<br />$ 173,459
<br />$ 124,795
<br />$ 318,086
<br />$ 379,053
<br />$ 247,183
<br />$1,242,576
<br />2013
<br />196,944
<br />137,790
<br />348,769
<br />414,873
<br />268,464
<br />1,366,840
<br />2014
<br />203,964
<br />147,282
<br />369,498
<br />439,394
<br />282,409
<br />1,442,547
<br />2015
<br />229,958
<br />159,991
<br />395,013
<br />469,740
<br />299,450
<br />1,554,152
<br />2016
<br />257,368
<br />171,824
<br />418,270
<br />500,322
<br />318,107
<br />1,665,891
<br />2017
<br />268,594
<br />182,522
<br />446,339
<br />534,818
<br />335,551
<br />1,767,824
<br />2018
<br />271,160
<br />192,411
<br />475,677
<br />573,189
<br />353,545
<br />1,865,982
<br />2019
<br />288,041
<br />204,999
<br />503,194
<br />612,690
<br />373,211
<br />1,982,135
<br />2020
<br />289,271
<br />218,795
<br />532,521
<br />655,734
<br />394,242
<br />2,090,563
<br />2021
<br />293,638
<br />231,530
<br />557,846
<br />704,320
<br />413,896
<br />2,201,230
<br />Bickmore < 24
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