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CITY OF ST. ANTHONY, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 2018 <br /> <br /> <br /> <br /> <br /> Disabled <br />RP-2014 annuitant generational mortality table projected with mortality improvement <br />scale MP-2016 from a base year of 2006. Male rates are adjusted by a factor of 0.96. <br /> <br />Based on past experience of the plan, 65% of future retirees are assumed to continue medical coverage <br />until age 65. The retirement rates for employees in each PERA returned plans are as follows: <br /> <br />Coordinated Plan <br /> <br />The 'Rule of 90' retirement rates apply to employees hired prior to July 1, 1989 that have attained the <br />Rule of 90 (age plus service totals 90). The 'No Rule of 90' Tier 1 retirement rates apply to employees <br />hired prior to July 1, 1989 that have not attained the Rule of 90, and 'No Rule of 90' Tier 2 employees <br />hired on or after July 1,1989. <br /> <br />Police & Fire <br /> <br />Rates as shown in the table below. <br /> <br />Police & Fire Fund <br />Age Rule of 90 Tier 1 Tier 2 All Employees <br />50 0.00% 0.00% 0.00% 10.00% <br />51 0.00% 0.00% 0.00% 7.00% <br />52 0.00% 0.00% 0.00% 7.00% <br />53 0.00% 0.00% 0.00% 10.00% <br />54 0.00% 0.00% 0.00% 10.00% <br />55 20.00% 5.00% 5.00% 25.00% <br />56 15.00% 5.00% 5.00% 22.50% <br />57 15.00% 5.00% 5.00% 22.50% <br />58 15.00% 6.00% 5.00% 22.50% <br />59 15.00% 7.00% 6.00% 20.00% <br />60 15.00% 8.00% 7.00% 22.50% <br />61 18.00% 10.00% 9.00% 25.00% <br />62 35.00% 20.00% 15.00% 30.00% <br />63 25.00% 20.00% 15.00% 30.00% <br />64 25.00% 20.00% 15.00% 30.00% <br />65 32.50% 32.50% 25.00% 50.00% <br />66 25.00% 25.00% 25.00% 50.00% <br />67 20.00% 20.00% 20.00% 50.00% <br />68 17.50% 17.50% 17.50% 50.00% <br />69 15.00% 15.00% 15.00% 50.00% <br />70 17.50% 17.50% 17.50% 100.00% <br />71 100.00% 100.00% 100.00% 100.00% <br />Coordinated Plan <br />Summary of Retirement Rates <br /> <br /> <br />81