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2012 Comprehensive Annual Financial Report - the City of Tukwila

2012 Comprehensive Annual Financial Report - the City of Tukwila

2012 Comprehensive Annual Financial Report - the City of Tukwila

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CITY OF TUKWILA: <strong>2012</strong> CAFRREQUIRED SUPPLEMENTAL INFORMATIONRETIREE MEDICAL AND LONG-TERM CARE BENEFITSFOR LEOFF 1 EMPLOYEESActuarial ValuationsValuation dateActuarial cost methodAmortization methodRemaining amortization periodAsset valuation methodAssumptionsInvestment rate <strong>of</strong> returnMedical inflationLong-term care inflationJanuary 1, 2011Entry Age Normal21-year, closed as <strong>of</strong> January 1, 200818 yearsFair market value4.00%YearMedical Cost Rate2011 7.80%<strong>2012</strong> 7.10%2013 6.50%2014-2019 5.90%2020-2030 5.80%2031-2036 5.70%4.75%109

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