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FINANCIAL RESERVES POLICY
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FINANCIAL RESERVES POLICY
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1/15/2021 11:39:06 AM
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1/21/2021
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A) Highlights <br />C <br />41A <br />Summary of Key Valuation Results <br />Actuarial Accrued Liabilitv (AAL) <br />Active <br />$1,480,148 <br />$2,572,683 <br />Retiree <br />11880,826 <br />2,406,717 <br />Total <br />$3,400,099 <br />$4,979,400 <br />Market Value of Assets <br />31401,038 <br />0 <br />Funded Status <br />($939) <br />$5,019,718 <br />Funded Status as apercentage of the AAL <br />100% <br />0% <br />Actuarially Determined Contribution for PY beginning January 1: <br />Actuarially Determined Contribution (Exhibit 3) <br />$46,244 <br />N/A <br />Funding Policy Contribution <br />$46,244 <br />$4,0007000 <br />Demographic data as of January 10): <br />Number of active members <br />51 <br />68 <br />Number of retired members and beneficiaries <br />34 <br />40 <br />Inactive ' Participants with deferred benefits <br />11 <br />-2 <br />Total Participants <br />86 <br />110 <br />Key assumptions as of January 2: <br />Discount rate <br />6.25% <br />3.87% <br />Expected Long -Term Return <br />6.25% <br />N/A <br />Salary Increases <br />3.25% <br />3.25% <br />CPI -W, Los Angeles <br />1.50% <br />1.50% <br />p) Census data as of January 01, 2020 is used in the measurement of the TOL as of January 01, 2020. See Section /11 for <br />additional details on the demographic data. i <br />Conejo Recreation and Park District Retirement Plan <br />Actuarial Valuation as of January 1, 2020 Page 1 <br />
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