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AG 2007 07 23
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AG 2007 07 23
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Last modified
2/1/2009 12:18:10 PM
Creation date
11/27/2017 11:31:21 AM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
7/23/2007
Board
Board of Commissioners
Meeting Type
Regular
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'1 q ~~w ley <br />~. ~ ~ ~~ <br />A` <br />SCHEDULE A <br />(continued) <br />The information presented in the required supplementary schedules was determined as part of the <br />actuarial valuation at December 31, 2005 <br />valuation follows. <br />Additional information as of the latest actuarial <br />Valuatiori date <br />Actuarial cost method <br />Amortization method <br />Remaining amortization period <br />Asset valuation method <br />Actuarial assumptions: <br />Investment Rate of Return* <br />Medical cost trend rate <br />YCar of Ultimate trend rate <br />*Includes inflation at <br />12/31/2005 <br />Projected unit credit <br />Level percent of pay, open <br />30 years <br />Market Value of Assets <br />4.00% <br />12.00% - 6.00% <br />2010 <br />3.75% <br />The assumed investment rate of return reflects the fact that no assets are set aside within Cabarrus <br />County that are legally held exclusively for retiree health benefits. If a trust or equivalent <br />arrangement were set up for this purpose, the investment rate of return can be increased. <br />?-~~ <br />
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