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9 <br />Demographic and Other <br />Assumptions <br />Mortality, healthy lives Probabilities of death are assumed to vary <br />based on the 1994 Group Annuity Mortality <br />Rates for Male and Female. <br />Sample rates are as follows: <br />Age Male Female <br />25 .0007 .0003 <br />45 .0016 .0010 <br />65 .0145 .0086 <br />85 .0972 .0677 <br />105 .4072 .3836 <br />Termination rates Probabilities of termination vary by age and <br />service. Sample rates are as follows: <br />Years of Service <br />Age 1 2 3 4+ <br />25 15% 13% 10% 6.5% <br />30 15 11 7 6 <br />35 10 9 7 5 <br />40 10 8 5 4 <br />45 10 8 5 3 <br />50 10 8 5 2.5 <br />55+ 0 0 0 0 <br />Retirement Age 67% of police /fire employees are assumed to <br />retire at age 51, the balance at age 65. <br />67% of other City employees are assumed to <br />retire at age 60, the balance at age 65. <br />City of Lino Lakes Minnesota, Retiree Health Benefit Plan - November 2008 <br />