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Actuarial Valuation Results June 30, 2005 and Impact of TAO COLA

Explore the impact of TAO COLA on actuarial valuation results. Understand TAO workings, different COLA approaches, and impact analysis on benefit structures. Analyze implications for future and current retirees. Evaluate funding percentages and contribution rates.

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Actuarial Valuation Results June 30, 2005 and Impact of TAO COLA

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  1. P Actuarial Valuation ResultsJune 30, 2005and Impact of TAO COLA May 19, 2005

  2. Overview • How TAO Works • Without COL • With COL – Equivalent • With COL – Current • Approaches to TAO COLA • Impact of Changes

  3. Unmodified Benefit without COL

  4. TAO without COL

  5. Unmodified Benefit with COL

  6. TAO with COL – Equivalent

  7. TAO with COL – Current

  8. Questions Being Analyzed • What do we do for future retirees? • Continue to pay extra COLA • Stop paying extra COLA • How do we pay for past retirees? • Regular Contributions • Pay UAAL from Non-Valuation Assets • Member Portion Only • Employer Portion Only • All

  9. TAO COLA Actuarial Accrued Liability

  10. Total Funded Percentage – Current and Future Retirees

  11. Total Funded Percentage – Current Retirees Only

  12. Employer Funded Percentage – Current and Future Retirees

  13. Employer Funded Percentage – Current Retirees Only

  14. Member Funded Percentage – Current and Future Retirees

  15. Member Funded Percentage – Current Retirees Only

  16. Employer Contribution Rates – Current and Future Retirees

  17. Employer Contribution Rates – Current Retirees Only

  18. Member Contribution Rates – Current and Future Retirees

  19. Member Contribution Rates –Future Retirees Only

  20. Questions

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