Federated City Employees’ Retirement System
Police & Fire Department Retirement Plan
1 April 4, 2023
Presented by: Roberto L. Peña
2OPEB unfunded liability and funded percentage is for the explicit subsidy only
OPEB amounts are contributions to the Trust for the explicit subsidy only and assume the City contributes the actuarially determined amount which is in excess of the cap 3 Actuarial Value of Assets – Pension
Market Value of Assets 4,409,869$
Earnings 2018 2019 2020 2021 2022 Total
Actual 233,474 114,180 134,086 1,044,290 (294,550) 1,231,480 Expected 230,741 241,113 247,714 251,043 319,110 1,289,721 Gain or (Loss) 2,733 (126,933) (113,628) 793,247 (613,660) (58,241) Deferred % 0% 20% 40% 60% 80%
Deferred Gain (Loss) - (25,387) (45,451) 475,948 (490,928) (85,818) Final Actuarial Value of Assets 4,495,687$
Amounts in Thousands
Market Value of Assets 2,708,026$
Earnings 2018 2019 2020 2021 2022 Total
Actual 117,493 76,855 90,909 698,607 (169,130) 814,734 Expected 140,081 144,760 149,167 151,252 197,280 782,540 Gain or (Loss) (22,588) (67,905) (58,258) 547,355 (366,410) 32,194 Deferred % 0% 20% 40% 60% 80%
Deferred Gain (Loss) - (13,581) (23,303) 328,413 (293,128) (1,599) Final Actuarial Value of Assets 2,709,625$
Amounts in Thousands
Police and Fire
Federated
4 5
For fiscal years ending
Federated City Employees’ Retirement System
Police & Fire Department Retirement Plan
6 April 4, 2023
Presented by: Roberto L. Peña