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Methods <br />Measurement date <br />Normal cost and AAL <br />Amortization of UAAL <br />Asset valuation <br />Benefits Not Valued <br />10 <br />January 1, 2008. <br />Projected Unit Credit and the Entry Age <br />Normal actuarial cost methods, allocated as a <br />level dollar amount, from the valuation date <br />on or after date of hire to full eligibility <br />date are both illustrated in this report. <br />Level dollar <br />Not currently applicable <br />Hanf Actuarial and Richard Johnson, FSA reviewed postretirement benefits <br />with City of Lino Lakes Minnesota, and based on that review are not <br />aware of any other significant benefits which were required to be valued <br />but were not. <br />It should be noted that any future reimbursement from the State of <br />Minnesota to the City of Lino Lakes for medical subsidies provided to <br />disabled police officers was not reflected in this study. <br />Data Sources <br />City of Lino Lakes Minnesota furnished participant data, plan design and <br />cost information as of January 1, 2008. Data were reviewed for <br />reasonableness and consistency, but no audit was performed. Assumptions <br />or estimates were made by Hanf Actuarial and Richard Johnson, FSA based <br />on input from the City when data were not available. Salary data was not <br />supplied. This omission doesn't affect the total present value of <br />benefits but affects somewhat the split between Normal Cost and Accrued <br />Liability. We are not aware of any other errors or omissions in the data <br />that would have a significant effect on the results of our calculations. <br />City of Lino Lakes Minnesota, Retiree Health Benefit Plan - November 2008 <br />