HomeMy WebLinkAboutMINUTES - 11152005 - C100 C�lars
TO: BOARD OF SUPERVISORS ?�=$ �`:,. Contra
off
FROM: JOHN SWEETEN, COSta
o �,�, t'
COUNTY ADMINISTRATOR �`•^^ , ' N `� CO U nty
DATE: November 15, 2005 � c�"
SUBJECT: EMPLOYEE RETIREMENT PLAN CONTRIBUTION RATES FOR
FISCAL YEAR 2006-07
SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION
RECOMMENDATION:
ADOPT the attached resolution approved by the Retirement Board, which establishes
the retirement plan contribution rates for employers and employees effective July 1 ,
2006 through June 30, 2007.
BACKGROUND:
Each year, the Retirement Board establishes contribution rates for employee
retirement plans based on an annual actuarial valuation study. Last June, the
Retirement Board adopted the attached resolution establishing employee and
employer rates for Tier I, Tier 11, Tier I I I and Safety retirement plans for the 2006-07
fiscal year. These rates will be included in the forecast for the 2006-07 budget.
CONTINUED ON ATTACHMENT: AYES SIGNATURE:
J RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE
. APPROVE OTHER
SIGNATURE(S):
ACTION OF BOONO
V I100 APPROVED AS RECOMMENDED OTHER
VOTE OF SUPERVISORS I HEREBY CERTIFY THAT THIS IS A TRUE AND CORRECT
� COPY OF AN ACTION TAKEN AND ENTERED ON MINUTES OF
No
UNANIMOUS(ABSENT
THE BOARD OF SUPERVISORS ON THE DATE SHOWN.
�l L )
AYES: NOES:
ABSENT: ABSTAIN:
Contact:
Cc: Steve Ybarra,Auditor's Office ATTESTED Y �' J��'�-e Al.
�OHN SWEETEN,CLERK OF THE B ARD OFSUPERVISORS
BY: �����-'z. � /�../ �_ , DEPUTY
THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA
Adopted this Order on by the following vote:
AYES: Gioia,Piepho,DeSaulnierg Glover and Uilkema
NOES* None
ABSENT: None
ABSTAIN: None
SUBJECT: Approving Contribution Rates to be charged and Resolution Nw
Interest to be credited,by the Contra Costa
County Employees' Retirement Association.
Pursuant to Government Code Section 31454.and on recommendation of the Board of the Contra Costa County
Employees' Retirement Association, BE IT RESOLVED that the following contribution rates are approved to be
effective for the period July 1, 2006 through June 30, 20070
I. Basic Retirement Benefit Rate Component (payable as a % of compensation)
Con Fire &
County* District* M/O Fire**
For General Members Under the 111.67% at 5511 benefit schedule (Sec. 31676.11)
1. General Members—Tier I covered by Social Security,
N
0 On the first $350 of earnable monthly compensation* N/A 13.88% N/A
N On earnable compensation in excess of$350 monthly: N/A 20.82% N/A
2. General Members—Tier I not covered by Social-Security.- N/A 20.82% N/A
3. General Members—Tier II: N/A 1681% N/A
E 4. General Members-Tier III:
N
H w"On the first $350 of earnable monthly compensation. N/A 12-71% N/A
On earnable compensation in excess of$350 monthly: N/A 19.07% N/A
A-
N For Safety Members Under the 112% at 5011 benefit schedule
C 1. Safety Members: N/A 24,01% N/A
E
D For Employee Rates under the above benefit schedules
See attached rate sheets A, B, C and D.
D. For General Members Under the 112% at 5511 benefit schedule (Sec. 31676-16)
1. General Members—Tier I covered by Social Security,
On the first $350 of earnable monthly compensation: 12,53% 15.38% 9.42%
E On earnable compensation in excess of$350 monthly: 18.80% 23,07% 14,13%
N 2. General Members Tier I not covered by Social Security: 18.80% 23.07% 14,13%
H 3. General Members - Tier 1111:
A On the first $350 of earnable monthly compensation. 11949% 14,68% N/A
N On earnable compensation in excess of$350 monthly*. 17,23% 22902% N/A
C
E E. For Safety Members Under the 9% at 5011 benefit schedule (Sec. 31664.1)
D 1. Safety Members* 32.58% 40,58% 23.81%
F. For Employee Rates under the above benefit schedules
See attached rate sheets E,F and Go
oZo�s/738'
ADMINISTRATION
CONTRIBUTIONS
(Resolution)
*The Pension Obligation Bonds 'issued by the County in March 1994 and April 2003, affected'contribution rates
for certain County employers. The following non-County employers who participate in the Retirement
Association are referred to as 'Districts". All other departments/employers are referred to as "County".
*Bethel Island Municipal Improvement District
*Byron, Brentwood Knightsen Union Cemetery District
*Central Contra Costa Sanitary District
*Contra Costa County Employees' Retirement Association
*Contra Costa Housing Authority
*Contra Costa Mosquito and Vector Control District
*Local Agency Formation Commission
*Rodeo Sanitary District
*In-H-ome,Supportive Services Authority
*First 5 - Children&Families C
*East Contra Costa Fire Protection District
*Rodeo-Hercules Fire Protection District
*San Ramon Valley Fire Protection District
"Contra Costa County Fire Protection District and Moraga-Orinda Fire Protection District issued Pension
Obligation Bonds in 2005 which affected contribution rates for these two employers. They are the only two
employers using contribution rates under this column.
0"'
�2ovs
`7,�8'
ADMINISTRATION
CONTRIBUTIONS
(Resolution)
CONTRA COSTA COUNTY EMPLOYEE RETIREMENT ASSOCIATION
EMPLOYER RATES FOR DISTRICTS
AT VARIOUS SUBVENTION LEVELS
NON-ENHANCED BENEFITS
Eff. July 1, 2006
Subvention Levels
50% 75% 100%
TIER 1 (Aggregate)
Basic 20.28% 20.28% 20,28%
Subvention 3.79°l0 5.69% 7.58%
Basic+Subvention 24.07% 25-97% 27-86%
COL 8.49% 8.49% 8.49%
Total 32.56% 34.46% 36.35%
TIER 11
Basic 16.81% 16.81% 16-81%
Subvention 1.49% 2.24% 2.98%
Basic+Subvention 18-30% 19-05% 19.79%
COL 8.07% 8.07% 8.07%0
Total 26-37% 27.12% 27-86%
TIER III (Aggregate)-
Basic 18.70% 18.70% 18.70%
Subvention 3.77% 5.66% 7.54%
Basic+Subvention 22.47% 24-36% 26.24%
COL 8.06% 8.06% 8.06%
Total 30-53% 32.42% 34.30%
SAFETY
Basic 24.01% 24.01% 24.01%
.Subvention 4.79% 7.19% 9.58%
Basic+Subvention 28.80% 31.20% 33,59%
COL 12.27% 12.27% 12.27%
Total 41.07% 43.47% 45.86%
All rates above are as a percent of payroll.
Employee contribution rates vary depending upon their age at entry. For this reason,subvention percents above
are averages for that coverage category.
To compute the exact-subvdntion percent for each employee,do the following:
1. Find the employee's basic contribution rate on the attached charts using the coverage category and the
employee's entry age. Only the Basic rate can be subverted.
2. Multiply this by your subvention percent(ie.50%,75%,etc.).
3. Multiply this result by the reduction factor for that employment category:
Tier 1 .9956
Tier 11 9964
Tier 111 1.0000
Safety .9974
CAUTION '- These rates are for employer subvention NOT employer pick-up of employee contribution rates.
When an employer subverts,the contribution subverted is not placed in the members account and is therefore
not available to the member as a refund. For this reason,the employer pays the contribution at a discount(ie.The
"reduction factor").
Employer pick-ups of employee contributions are those made under Section 414(h)(2)of the Internal Revenue
Code. These contributions are added to the members account,are available to the member as a refund,and are
considered by the retirement system as part of the member's compensation for retirement purposes.
TAContributions\Subvention lvls\2006-07\subvention levels unenhanced 7-1-06
0.1
a�00
CONTRA COSTA COUNTY EMPLOYEES' RETIREMENT ASSOCIATION
EMPLOYER RATES FOR DISTRICTS
AT VARIOUS SUBVENTION LEVELS
ENHANCED BENEFITS
Eff.July 1, 2006
Subvention levels
50% 75% 100%
TIER I (Aggregate)
Basic 22-63% 22.63% 22.63%
Subvention 3.11%, 4.67% 6.22%
Basic+Subvention 25,74% 27.30% 28.85% .
COL 9.10% 9.10% 9.10%
Total 34-84% 36.40% 37-95%
TIER III (Aggregate)
Basic 21.47% 21.47% 21.47%
Subvention 3.33% 5.00% 6.66%
Basic+Subvention 24-80% 26.47% 28-13%
COL 8.52% 8.52% 8.52%
Total 33.32% 34.99% 36-65%
SAFETY
Basic 40.58% 40.58% 40-58%
Subvention. 4.64% 6.96% 9.28%
Basic+Subvention 45.22% 47.54% 49-86%
COL 18-66% 18.66% 18.66%
Total 63.88% 66.20% 68-52%
All rates above are as a percent of payroll.
Employee contribution rates vary depending upon their age at entry. For this reason,subvention percents above
are averages for that coverage category.
To compute the exact'subvention percent for each employee,do the following:
1. Find the employee's basic contribution rate on the attached charts using the coverage category and the
employee's entry age. Only the Basic rate can be subvented,.
2. Multiply this by your subvention percent(ie.50%,75%,etc.).
3. Multiply this result by the reduction factor for that employment category:
Tier 1 .9985
Tier 111 .9962
Safety .9980
CAUTION - These rates are for employer subvention NOT employer pick-up of employee contribution rates.
When an employer subvents,the contribution subvented is not placed in the members account and is therefore
not available to the member as a refund. For this reason,the employer pays the contribution at a discount(ie.The
"reduction factor").
Employer pick-ups of employee contributions are thosemade under Section 414(h)(2)of the Internal Revenue
Code. These contributions are added to the member's account,are available to the member as a refund,and are
considered by the retirement system as part of the member's compensation for retirement purposes.
TAContributions\Subvention lvls\2006-07\subvention levels enhanced 7-1-06
-0 0� 7j�
CONTRA COSTA COUNTY EMPLOYEES" RETIREMENT ASSOCIATION
ADJUSTING RATES
TO REFLECT
EMPLOYEE PAYMENT
OF-EMPLOYER COST
A provision in the law allows safety members to defray the employer cost for the
"3% at 50" enhanced benefit. If you are providing the"3% at 50" enhanced benefit
to your safety employees and if your employees have agreed to defray part of your
increased cost, you will need to adjust both employee and employer rates:
Employee -t -sharing percent of
rate—Increase he employee's rate by the cost
payroll agreed upon.
Employer rate—Decrease the employer's rate by a percent of the cost-sharing
-
A-
percent of payroll using the Safety refundability factor(.9980 for FY 2006-07)
EXAMPLE: If the cost-sharing percent is 9.0%,
Employee rates should be increased by 9.0%.
The employer rate should be decreased by (9.0%x.9980)
8.982%
Employer Contribution Prepayment Program & Discount Factor
for 2006w07
If you are currently participating in the prepayment program and wish to continue, you
don't need to do anything other than prepay the July 1, 2006 through June 30, 2007
contributions by July 31, 2006. If you wish to start participating, please contact the
Retirement Office by March 31, 2006*
The discount factor for the fiscal year July 1, 2006 through June 30, 2007 will remam* the
same as the current factor of.958.
rate sub chart 7-1-06 EE cost sharing
SER 1 1.67'% @ 55" (Non am Enhanced)
Effective 7/1/06 so 6/30/07' F A
(Expressed as a Percentage of Monthly Payroll)
Entry Basic COLA Total
Age FIRST$350 OVER$350 FIRST$350 OVER FIRST$350 OVER$350
15 5.40% 8.10% 2.65% 3.97% 8.05% 12.07%
16 5.35% 8.02% 2.62% 3.93% 7.97% 11.95%
17 5.29% 7.93% 2.59% 3.88% 7.88% 11.81%
18 5.23% 7.85% 2.56% 3.84% 7.79% 11.69%
19 5.19% 7.78% 2.54% 3.81% 7.73% 11.59%
20 5.15% 7.72% 2.52% 3.78% 7.67% 11.50%
21 5.11% 7.67% 2.51% 3.76*/o 7.62% 11.43%
22 5.09% 7.63% 2.49% 3.74% 7.58% 11.37%
23 5.07% 7.60% 2.48% 3.72% 7.55% 11.32%
24 5.05% 7.58% 2.47% 3.71% 7.52% 11.29%
25 5.04% 7.56% 2.47% 3.70% 7.51%. 11.26%
26 5.03% 7.55% 2.4714 3.707a 7.50% 11.25%
27 5.03% 7.54% 2.46% 3.69% 7.49% 11.23%
28 5.03% 7.55% 2.47% 3.70% 7.50% 11.25%
29 5.03% 7.55% 2.47% 3.70% 7.50% 11.25%
30 5.04% 7.56% 2.47% 3.70% 7.51% 11.26%
31 5.05% 7.57% 2.47% 3.71% 7.52% 11.28%
32 5.06% 7.59% 2.48% 3.72% 7.54% 11.31%
33 5.07% 7.61% 2.49% 3.73% 7.56% 11.34%
34 5.09% 7.64% 2.49% 3.74% 7.58% 11.38%
35 5.11% 7.67% 2.51% 3.76% 7.62% 11.43%
36 5.14% 7.71% 2.51% 3.7714 7.65% 11.48%
37 5.17% 7.75% 2.53% 3.79% 7.70% 11.54%
38 5.19% 7.79% 2.54% 3.81% 7.73% 11.60%
39 5.23% 7.84% 2.56% 3.84% 7.79% 11.68%
40 5.26% 7.89% 2.57% 3.86% 7.83% 11.75%
41 5.29% 7.94% 2.59% 3.89% 7.88% 11.83%
42 5.33% 7.99% 2.61% 3.91% 7.94% 11.90%
43 5.37% 8.05% 2.63% 3.94% 8.00% 11.99%
44 5.41% 8.11% 2.65% 3.97% 8.06% 12.08%
45 5.45% 8.18% 2.67% 4.00% 8.12% 12.18%
46 5.50% 8.25% 2.69% 4.04% 8.19% 12.29%
47 5.55% 8.32% 2.71% 4.07% 8.26% 12.39%
48 5.58% 8.37% 2.73% 4.10% 8.31% 12.47%
49 5.63% 8.44% 2.75% 4.13% 8.38% 12.57%
50 5.6714 8.51% 2.78% 4.17% 8.45% 12.68%
51 5.74% 8.61% 2.81% 4.22% 8.55% 12.83%
52 5.77% 8.65% 2.83% 4.24% 8.60% 12.89%
53 5.82% 8.73% 2.8510 4.27% 8.67% 13.00%
54 5.85% 8.77% 2.8610 4.29% 8.71% 13.06%
55 5.85% 807710 2.86% 4.29% 8.71% 13.06%
56 5.85% 8.77% 2.86% 4.29% 8.71% 13.06%
57 5.85% 8.77% 2.86% 4.29% 8.71% 13.06%
58 5.85% 8.77% 2.86% 4.29% 8.71% 13.06%
59 5.85% 8.77% 2.86% 4.29% 8.71% 13.06%
60 5.85% 8.77% 2.86% 4.29% 8.71% 13.06%
COLA Loading Factor: 48.96%
"NOTE: All rates above assume the employee is covered under Social Security. If the employee is not
under bociai Security,use the--uvtRjosov-rate and apply it To aii reported compensation.
GenMemkates unenhanced 7-1-06 Exhibit A
000
E
R 11 "1,013% 55"
Effective 7/1/06 -m 6/30/0. 7
(Expressed as a Percentage of Monthly Payroll)
Entry Age Basic COLA Total
15 3.06% 1.50% 4.56%
16 3.03% 1.48% 4.51%
17 3.00% 1.47% 4.47%
18 2.97% 1.45% 4.42%
19 2.94% 1.44% 4.38%
20 2.92% 1.43% 4.35%
21 2.90% 1.42% 4.32%
22 2.880/a -1.41% 4.29%
23 2.87% 1.41% 4.28%
24 2.86% 1.40% 4.26%
25 2.86% 1.40% 4.26%
26 2.85% 1.40% 4.25%
27 2.85% 1.40% 4.25%
28 2.85% 1.40% 4.25%
29 2.85% 1.40% 4.25%
30 2.86% 1.40% 4.26%
31 2.86% 1.40% 4.26%
32 2.8710 1.41% 4.28%
33 2.88% 1.41% 4.29%
34 2.89% 1.41% 4.30%
35 2.90% 1.42% 4.32%
36 2.91% 1.42% 4.33%
37 2.93% 1.43% 4.36%
38 2.95% 1.44% 4.39%
39 2.96% 1.45% 4.41%
40 2.98% 1.46% 4.44%
41 3.00% 1.47% 4.47%
42 3.02% 1.48% 4.50%
43 3.04% 1.49% 4.53%
44 3.07% 1.50% 4.57%
45 3.09% 1.51% 4.60%
46 3.11% 1.52% 4.63%
47 3.14% 1.54% 4.68%
48 3.17% 1.55% 4.72%
49 3.19% 1.56% 4.75%
50 3.24% 1.59% 4.83%
51 3.24% 1.590/a 4.83%
52 3.30% 1.62% 4.92%
53 3.44% 1.68%. 5.12%
54 3.51% 1.72% 5.23%
55 3.51% 1.72% 5.23%
56 3.51% 1.72% 5.23%
57 3.51% 1.72% 5.23%
58 3.51% 1.72% 5.23%
59 3.51% 1.72% 5.23%
60 3.51% 1.72% 5.23%
COLA Loading Factor: 48.96%
GenMemkates unenhanced 7-1-06 Exhibit R
SER 111 1.67% @ 55" (Non am Enhanced)
Effective ? 1/ /06� 6/30/07 E C
(Expressed as a Percentage of Monthly Payroll)
Entry Basic COLA Total
^
FIRST$350 OVER$350 FIRST$350 OVER FIRST$350 OVER$350
15 5.40% 8.10% 2.15% 3.22% 7.55% 11.32%
16 5.35% 8.02% 2.13% 3.19% 7.48% 11.21%
17 5.29% 7.93% 2.10% 3.15% 7.39% 11.08%
18 5.23% 7.85% 2.08% 3.12% 7.31% 10.97%
19 5.19% 7.78% 2.06% 3.09% 7.25% 10.870/9
20 5.15% 7.72% 2.05% 3.07% 7.20% 10.79%
21 5.11% 7.67% 2.03% 3.05% 7.14% 10.72%
22 5.09% 7.63% 2.02% 3.03% 7.11% 10.66%
23 5.07% 7.60% 2.01% 3.02% 7.08% 10.62%
24 5.05% 7.58% 2.01% 3.01% 7.06% 10.59%
25 5.04% 7.56% 2.01% 3.01% 7.05% 10.57%
26 5.03% 7.55% 2.00% 3.00% 7.03% 10.55%
27 5.03% 7.54% 2.00% 3.00% 7.03% 10.54%
28 5.03% 7.55% 2.00% 3.00% 7.03% 10.55%
29 5.03% 7.55% 2.00% 3.00% 7.03% 10.55%
30 5.04% 7.56% 2.01% 3.01% 7.05% 10.57%
31 5.05% 7.57% 2.01% 3.01% 7.06% 10.58%
32 5.06% 7.59% 2.01% 3.02% 7.07% 10.61%
33 5.07% 7.61% 2.02% 3.03% 7.09% 10.64%
34 5.09% 7.64% 2.03% 3.04% 7.12% 10.68%
35 5.11% 7.67% 2.03% 3.05% 7.14% 10.72%
36 5.14% 7.71% 2.05% 3.07% 7.19% 10.78%
37 5.17% 7.75% 2.05% 3.08% 7.22% 10.83%
38 5.19% 7.79% 2.07% 3.10% 7.26% 10.89%
39 5.23% 7.84% 2.08% 3.12% 7.31% 10.96%
40 5.26% 7.89% 2.09% 3.14% 7.35% 11.03%
41 5.29% 7.94% 2.11% 3.16% 7.40% 11.10%
42 5.33% 7.99% 2.12% 3.18% 7.45% 11.17%
43 5.37% 8.05% 2.13% 3.20% 7.50% 11.25%
44 5.41% 8.11% 2.15% 3.22% 7.56% 11.33%
45 5.45% 8.18% 2.17% 3.25% 7.62% 11.43%
46 5.50% 8.25% 2.19% 3.28% 7.69% 11.53%
47 5.55% 8.32% 2.21% 3.31% 7.76% 11.63%
48 5.58% 8.37% 2.22% 3.33% 7.80% 11.70%
49 5.63% 8.44% 2.24% 3.36% 7.87% 11.80%
50 5.67% 8.51% 2.25% 3.38% 7.92% 11.89%
51 5.74% 8.61% 2.28% 3.42% 8.02% 12.03%
52 5.77% 8.65% 2.29% 3.44% 8.06% 12.09%
53 5.82% 8.73% 2.31% 3.47% 8.13% 12.20%
54 5.85% 8.77% 2.33% 3.49% 8.18% 12.26%
55 5.85% 8.77% 2.33% 3.49% 8.18% 12.26%
56 5.85% 8.77% 2.33% 3.49% 8.18% 12.26%
57 5.85% 8.77% 2.33% 3.49% 8.18% 12.26%
58 5.85% 8.77% 2.33% 3.49% 8.18% 12.26%
59 5.85% 8.77% 2.33% 3.49% 8.18% 12.26%
60 5.85% 8.77% 2.33% 3.49% 8.18% 12.26%
COLA Loading Factor:39.76%
"NOTE: All rates above assume the employee is covered under Social Security. If the employee is not
under Social Security,use the"OVER$350"rate and apply it to all reported compensation.
GenMemRates unenhanced 7-1-06 Exhibit C
SAFM 112&7'op @ 50" (Non-Enhanced)
Effective 7/1/06 w 6/30/07
(Expressed as a Percentage of Monthly Payroll)
Entry Age Basic COLA Total
15 9.76% 4.78% 14.54%
16 9.76% 4.78% 14.54%
17 9.76% 4.78% 14.54%
18 9.76% 4.78% 14.54%
19 9.76% 4.78% 14.54%
20 9.76% 4.78% 14.54%
21 9.68% 4.74% 14.42%
22 9.61% 4.71% 14.32%
23 9.54% 4.67% 14.21%
24 9.49% 4.65% 14.14%
25 9.45% 4.63% 14.08%
26 9.42% 4.61% 14.03%
27 9.39% 4.60% 13.99%
28 9.39% 4.60% 13.99%
29 9.39% 4.60% 13.99%
30 9.40% 4.60% 14.00%
31 9.43% 4.62% 14.05%
32 9.46% 4.63% 14.09%
33 9.50% 4.65% 14.15%
34 9.56% 4.68% 14.24%
35 9.61% 4.71% 14.32%
36 9.66% 4.73% 14.39%
37 9.73% 4.76% 14.49%
38 9.80% 4.80% 14.60%
39 9.88% 4.84% 14.72%
40 9.94% 4.87% 14.81%
41 10.02% 4.91% 14.93%
42 10.12% 4.95% 15.07%
43 10.18% 4.98% 15.16%
44 10.27% 5.03% 15.30%
45 10.38% 5.08% 15.46%
46 10.48% 5.13% 15.61%
47 10.58% 5.18% 15.76%
48 10.63% 5.20% 15.83%
49 10.93% 5.35% 16.28%
50 10.93% 5.35% 16.28%
51 10.93% 5.35% 16.28%
52 10.93% 5.35% 16.28%
53 10.93% 5.35% 16.28%
54 10.93% 5.35% 16.28%
55 10.93% 5.35% 16.28%
56 10.93% 5.35% 16.28%
57 10.9310 5.35% 16.28%
58 10.93% 5.35% 16.28%
59 10.93% 5.35% 16.28%
60 10.93% 5.35% 16.28%
COLA Loading Factor: 48.96%
Safety Rates unenhanced 7-1-06 Exhibit 0
SER 1 112% @ 55" (Enhanced)
Effective 7/1/06,w 6/30/07
(Expressed as a Percentsge of Monthly Payroll)
Entry Basic COLA Total
Age FIRST$350 4AVER X3,50 FIRST$350. OVER 35th FIRST$350 OVER 1350
15 4.62% 6.93% 2.75% 4.13% 7.37% 11.06%
16 4.57% 6.86% 2.73% 4.09% 7.30% 10.95%
17 4.53% 6.80% 2.70% 4.05% 7.23% 10.85%
18 4.50% 6.75% 2.68% 4.02% 7.18% 10.77%
19 4.46% 6.69% 2.66% 3.99% 7.12% 10.68%
20 4.43% 6.65% 2.64% 3.96% 7.07% 10.61%
21 4.41% 6.61% 2.63% 3.94% 7.04% 10.55%
22 4.39% 6.59% 2.62% 3.93% 7.01% 10.52%
23 4.38% 6.57% 2.61% 3.92% 6.99% 10.49%
24 4.37% 6.56% . 2.61% 3.91% 6.98% 10.47%
25 4.37% 6.55% 2.60% 3.90% 6.97% 10.45%
26 4.37% 6.55% 2.60% 3.90% 6.97% 10.45%
27 4.37% 6.55% 2.60% 3.90% 6.97% 10.45%
28 4.37% 6.55% 2.60% 3.90% 6.97% 10.45%
29 4.37% 6.56% 2.61% 3.91% 6.98% 10.47%
30 4.39% 6.58% 2.61% 3.92% 7.00% 10.50%
31 4.40% 6.60% 2.62% 3.93% 7.02% 10.53%
32 4.41% 6.62% 2.63% 3.95% 7.04% 10.57%
33 4.43% 6.64% 2.64% 3.96% 7.07% 10.60%
34 4.45% 6.67% 2.65% 3.98% 7.10% 10.65%
35 4.47% 6.71% 2.67% 4.00% 7.14% 10.71%
36 4.49% 6.74% 2.68% 4.02% 7.17% 10.76%
37 4.52% 6.78% 2.69% 4.04% 7.21% 10.82%
38 4.55% 6.82% 2.71% 4.06% 7.26% 10.88%
39 4.58% 6.87% 2.73% 4.09% 7.31% 10.96%
40 4.61% 6.92% 2.75% 4.12% 7.36% 11.04%
41 4.65% 6.97% 2.77% 4.15% 7.42% 11.12%
42 4.68% 7.02% 2.79% 4.18% 7.47% 11.20%
43 4.72% 7.08% 2.81% 4.22% 7.53% 11.30%
44 4.75% 7.13% 2.83% 4.25% 7.58% 11.38%
45 4.80% 7.20% 2.86% 4.29% 7.66% 11.49%
46 4.84% 7.26% 2.89% 4.33% 7.73% 11.59%
47 4.88% 7.32% 2.91% 4.36% 7.79% 11.68%
48 4.93% 7.39% 2.93% 4.40% 7.86% 11.79%
49 4.97% 7.45% 2.96% 4.44% 7.93% 11.89%
50 5.02% 7.53% 2.99% 4.49% 8.01% 12.02%
61 5.07% 7.60% 3.02% 4.53% 8.09% 12.13%
52 5.11% 7.67% 3.05% 4.57% 8.16% 12.24%
53 5.17% 7.75% 3.08% 4.62% 8.25% 12.37%
54 5.23% 7.84% 3.11% 4.67% 8.34% 12.51%
55 5.27% 7.91% 3.14% 4.71% 8.41% 12.62%
56 5.31% 7.96% 3.16% 4.74% 8.47% 12.70%
57 5.40% 8.10% 3.22% 4.83% 8.62% 12.93%
58 5.43% 8.15% 3.24% 4.86% 8.67% 13.01%
59 5.45% 8.18% 3.25% 4.88% 8.70% 13.06%
60 5.45% 8.18% 3.25% 4.88% 8.70% 13.06%
COLA Loading Factor: 59.60%
"NOTE: All rates above assume the employee is covered under Social Security. If the employee is not
under Social Security,use the"OVER$350"rate and apply it to all reported compensation.
GenMemkates enhanced 7-1-06 Exhibit E
E
R III "2*/o @ 55" (Enhanced)
Effective 7/1/06 - 6/30/07
(Expressed as a Percentage of Monthly Payroll)
Entry Basic COLA Total
FIRST 13uu OVER 1350 FIRST OVER$350 FIRST$350 OVER$350
15 4.62% 6.93% 2.27% 3.40% 6.89.% 10.33%
16 4.57% 6.86% 2.25% 3.37% 6.82% 10.23%
17 4.53% 6.80% 2.23% 3.34% 6.76% 10.14%
18 4.50% 6.75% 2.21% 3.31% 6.71% 10.06%
19 4.46% 6.69% 2.19% 3.28% 6.65% 9.97%
20 4.43% 6.65% 2.17% 3.26% 6.6010 9.91%
21 4.41% 6.61% 2.16% 3.24% 6.57% 9.85%
22 4.39% 6.59% .2.157o 3.23% 6.54% 9.82%
23 4.38% 6.57% 2.15% 3.22% 6.53% 9.79%
24 4.37% 6.56% 2.15% 3.22% 6.52% 9.78%
25 4.37% 6.55% 2.14% 3.21% 6.51% 9.76%
26 4.37% 6.5510 2.14% 3.21% 6.51% 9.76%
27 4.37% 6.55% 2.14% 3.21% 6.51% 9.76%
28 4.37% 6.55% 2.14% 3.21% 6.51% 9.76%
29 4.37% 6.56% 2.15% 3.22% 6.52% 9.78%
30 4.39% 6.58% 2.15% 3.23% 6.54% 9.81%
31 4.40% 6.60% 2.16% 3.24% 6.56% 9.84%
32 4.41% 6.62% 2.17% 3.25% 6.58% 9.87%
33 4.43% 6.64% 2.17% 3.26% 6.60% 9.90%
34 4.45% 6.67% 2.18% .3.27% 6.63% 9.94%
35 4.47% 6.71% 2.19% 3.29% 6.66% 10.00%
36 4.49% 6.74% 2.21% 3.31% 6.70% 10.05%
37 4.52% 6.78% 2.22% 3.33% 6.74% 10.11%
38 4.55% 6.82% 2.23% 3.35% 6.78% 10.17%
39 4.58% 6.87% 2.25% 3.37% 6.83% 10.24%
40 4.61% 6.92% 2.26% 3.39% 6.87% 10.31%
41 4.65% 6.97% 2.28% 3.42% 6.93% 10.39%
42 4.68% 7.02% 2.29% 3.44% 6.97% 10.46%
43 4.72% 7.08% 2.31% 3.47% 7.03% 10.55%
44 4.75% 7.13% 2.33% 3.50% 7.08% 10.63%
45 4.80% 7.20% 2.35% 3.53% 7.15% 10.73%
46 4.84% 7.26% 2.37% 3.56% 7.21% 10.82%
47 4.88% 7.32% 2.39% 3.59% 7.27%) 10.91%
48 4.93% 7.39% 2.42% 3.63% 7.35% 11.02%
49 4.97% 7.45% 2.43% 3.65% 7.40% 11.10%
50 5.02% 7.53% 2.46% 3.69% 7.48% 11.22%
51 5.07% 7.60% 2.49% 3.7310 7.56% 11.33%
52 5.11% 7.67% 2.51% 3.76% 7.62% 11.43%
53 5.17% 7.75% 2.53% 3.80% 7.70% 11.55%
54 5.23% 7.84% 2.57% 3.85% 7.80% 11.69%
55 5.27% 7.91% 2.59% 3.88% 7.86% 11.79%
56 5.31% 7.96% 2.61% 3.91% 7.92% 11.87%
57 5.40% 8.10% 2.65% 3.97% 8.05% 12.07%
58 5.43% 8.15% 2.67% 4.00% 8.10% 12.15%
59 5.45% 8.1810 2.67% 4.01% 8.12% 12.19%
60 5.45% 8.18% 2.67% 4.01% 8.12% 12.19%
COLA Loading Factor: 49.06%
"NOTE: All rates above assume the employee is covered under Social Security. If the employee is not
under Social Security,use the"OVER$350"rate and apply it to all reported compensation.
GenMemRates enhanced 7-1-06 Exhibit F
fr0000
SAFM "3*/o @ 50" (Enhanced)
Effective 7/1/06 - 6/30/07
(Expressed as a Percentage of Monthly Payroll)
Enta Aqe Basic COLA Total
15 9.76% 7.13% 16.89%
16 9.76% 7.13% 16.89%
17 9.76% 7.13% 16.89%
18 9.76% 7.13% 16.89%
0 9.76% 7.13% 16.89%
20 9.76% 7.13% 16.89%
21 9.68% 7.07% 16.75%
22 9.61% 7.02% 16.63%
23 9.54% 6.97% 16.51%
24 9.49% 6.93% 16.42%
25 9.45% 6.90% 16.35%
26 9.42% 6.88% 16.30%
27 9.39% 6.8610 16.25%
28 9.39% 6.86% 16.25%
29 9.39% 6.86% 16.25%
30 9.40% 6.86% 16.26%
31 9.43% 6.88% 16.31%
32 9.46% 6.91% 16.37%
33 9.50% 6.94% 16.44%
34 9.56% 6.98% 16.54%
35 9.61% 7.02% 16.63%
36 9.66% 7.05% 16.71%
37 9.73% 7.10% 16.83%
38 9.80% 7.15% 16.95%
39 9.88% 7.21% 17.09%
40 9.94% 7.26% 17.20%
41 10.02% 7.32% 17.34%
42 10.12% 7.39% 17.51%
43 10.18% 7.43% 17.61%
44 10.27% 7.50% 17.77%
45 10.38% 7.58% 17.96%
46 10.48% 7.65% 18.13%
47 10.58% 7.72% 18.30%
48 10.63% 7.76% 18.39%
49 10.93% 7.98% 18.91%
50 10.93% 7.98% 18.91%
51 10.93% 7.98% 18.91%
52 .10.93% 7.98% 18.91%
53 10.93% 7.98% 18.91%
54 10.93% 7.98% 18.91%
55 10.93% 7.98% 18.91%
56 10.93% 7.98% 18.91%
57 10.93% 7.9810 18.91%
58 10.93% 7.98% 18.91%
59 10.93% 7.98% 18.91%
60 10.93% 7.98% 18.91%
COLA Loading Factor: 73.01%
Safety Rates enhanced 7.1-06 Exhibit G