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i <br />SCHEDULE C <br />THE HEALTH CARE PLAN OF CABARRUS COUNTY ' <br />OUTLINE OF ACTUARIAL ASSUMPTIONS AND METHODS <br />INTEREST RATE: 4.00% per annum, compounded annually. <br />SEPARATION FROM SERVICE: Representative values of the annual rates of separation are ' <br />as follows: <br />General Employees <br /> ANNUAL RAT E OF <br /> Withdrawal Death* Disability <br /> 0-4 5-9 10+ <br /> Y rs Svc Y rs Svc Y rs Svc <br /> Service <br />Age Male Female Male Female Male Female Male Female Male Female Retirement** <br />20 19.5% 19.5% 8.0% 10.0% 4.0% 3.5% 0.048% 0.028% 0.040% 0.050% <br />24 16.0 16.0 6.5 8.0 4.0 3.5 0.062 0.029 0.040 0.050 <br />30 14.5 14.5 5.5 7.0 3.5 4.0 0.078 0.033 0.100 0.090 <br />35 13.0 13.0 5.5 7.0 3.0 3.5 0.085 0.045 0.300 0.150 <br />40 12.0 12.0 5.5 6.0 2.5 3.5 0.100 0.065 0.500 0.300 <br />4g 12.0 12.0 5.5 6.0 2.5 3.0 0.146 0.092 0.800 0.400 <br />50 11.0 11.0 4.0 5.5 2.5 3.0 0.233 0.131 1.000 0.800 25% <br />55 9.0 9.0 4.0 5.5 2.5 3.0 0.398 0.208 2.000 1.000 25 <br />60 9.0 9.0 0.709 0.386 2.400 1.300 8 <br />65 9.0 9.0 1.294 0.762 30 <br />70 2.173 1.271 20 <br />7g 3.405 2.038 100 <br />*Scale AA mortality improvement factors are applied. <br />**An additional IS%are assumed to retire when first eligible for unreduced service retirement. <br />Attachment number 1 <br />I -1 Page 304 of 320 <br />ri <br /> <br />i~ <br />~~ <br /> <br />