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ROSEVI LLE FIREFIGHTERS' RELIEF ASSOCIATION <br />January 1{ 2008 Actuarial Valuator <br />Estimated Cost of Benefit Increases <br />Monthly benefit multiplier: <br />$29 <br />$29 <br />$30 <br />$30 <br />vesti ng : <br />10 years <br />5 years <br />10 years <br />5 years <br />Benefit effective January 1: <br />2088 <br />2888 <br />2008 <br />2808 <br />A. Actuarial accrued Afabildy LM. +� <br />1. Active members <br />$2,0331497 <br />$2,034,838 <br />$2,103,617 <br />$2,185,005 <br />2. vested terminated members <br />5581715 <br />558,715 <br />558 {715 <br />5581715 <br />3. Retired members <br />5,176,181 <br />5,176,181 <br />513541670 <br />51354,670 <br />4. Spouses recei vi ng benefits <br />5681419 <br />568,419 <br />5881028 <br />5 88102 O <br />5. Children receiving benefits <br />0 <br />8 <br />8 <br />8 <br />6. Disabled members receiving benefits <br />0 <br />0 <br />0 <br />0 <br />7. Total actuarial accrued liability <br />81336,812 <br />81338,153 <br />8,6851022 <br />8,5061409 <br />. Ec-'laffendassets <br />8,328,320 <br />8,328,328 <br />813281320 <br />8,328,320 <br />C. Unfunded actuarial accrued &gtgLty <br />81492 <br />91833 <br />2761702 <br />278,089 <br />D. Credit 1`or �qr 1us <br />0 <br />N/A- <br />N/A <br />N/A <br />E. Amortization a e <br />1. Amortization period. <br />28 <br />20 <br />20 <br />28 <br />2. Payment <br />649 <br />751 <br />211146 <br />21,252 <br />F. Moral cost <br />1071635 <br />1121857 <br />111,346 <br />115,920 <br />G. Annual contribution payable. <br />2009,2010 <br />2009; 2818 <br />2009f2010 <br />20091 2818 <br />1. Preliminary contribution 1 (D. + E. + F.) <br />108,284 <br />$112,888 <br />$132,492 <br />$137,172 <br />2. Adrnin expense (previous year x 1.035) <br />19,853 <br />1� ,�,� <br />19,853 <br />19,853 <br />3. Annual contribution- (1.+ 2.) <br />1281137 <br />132,661 <br />1521346 <br />1571025 <br />4. Estimated State Aid <br />(207,228) <br />(287,228) <br />(2871228) <br />(287,228) <br />5. Estimated municipal contribution (3. + 4,) <br />8 <br />0 <br />0 <br />8 <br />H. Funded ratio <br />100% <br />1000/0 <br />97% <br />o <br />97% <br />valrpt07.xls 5/16/2888 VAN IWAARDEN ASSOCIATES <br />