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P. Actuarial Valuation Results June 30, 2005 and Impact of TAO COLA. May 19, 2005. Overview. How TAO Works Without COL With COL – Equivalent With COL – Current Approaches to TAO COLA Impact of Changes. Unmodified Benefit without COL. TAO without COL. Unmodified Benefit with COL.
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P Actuarial Valuation ResultsJune 30, 2005and Impact of TAO COLA May 19, 2005
Overview • How TAO Works • Without COL • With COL – Equivalent • With COL – Current • Approaches to TAO COLA • Impact of Changes
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