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111,F1,1111, 11111"1 1'' ill W -M 9711, 171:14110116"19 COIN Notes to the Financial Statements June 30, 2020 E. Retirement Enhancement Pension Plan (continued) Employees covered At June 30, 2020, the following employees were covered by the benefit terms for the Plan: Inactive employees or beneficiaries currently receiving benefits Inactive employees entitled to but not yet receiving benefits Active employees Total Contributions Plan 42 68 110 The total plan contributions are determined through an annual actuarial valuation process. The actuarially determined rate is the estimated amount necessary to finance the costs of benefits earned by employees during the year, with an additional amount to finance any unfunded accrued liability. The Retirement Enhancement pension plan is entirely District funded. Employer Contributions to the Plan for the fiscal year ended June 30, 2020 were $0. Retirement Enhancement net pension liability (total liability) The District's net pension liability for the Plan is measured as the total pension liability, less the pension plan's fiduciary net position. The net pension liability of the Plan is measured as of June 30, 2019, using an annual actuarial valuation as of December 30, 2019 rolled forward to June 30, 2019 using standard update procedures. Actuarial assumptions The total pension liability in the December 31, 2019 actuarial valuation were determined using the following actuarial assumptions: Valuation date Measurement date Actuarial cost method Asset valuation method Discount rate Inflation December 31, 2019 June 30, 2019 Entry age cost 6.25% 1.50% Projected salary increase 3.25% Mortality (2) Derived using Cal P ERS' valuations (')Annual increases vary by category, entry age and duration of service. (2) The mortalitytable used was developed based on CalPERS\raluations. Pre and post retirement used CalPERS Mortality 2017 52