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70

City of Raleigh

Financial Section

OTHER POST EMPLOYMENT BENEFITS

SCHEDULE OF FUNDING PROGRESS

Actuarial

Accrued

UAAL as a

Actuarial

Liability (AAL)

Percentage

Actuarial

Value of

Projected

Unfunded

Funded

Covered

of Covered

Valuation

Assets

Unit Credit

AAL (UAAL)

Ratio

Payroll

Payroll

Date

(a)

(b)

(b-a)

(a/b)

(c)

[(b-a)/c]

2010

$ 10,143,872

$ 150,185,303

$ 140,041,431

6.8% $ 188,427,731

74.3%

2011

12,879,600

151,583,713

138,704,113

8.5

189,054,112

73.4

2012

18,679,039

159,349,708

140,670,669

11.7

184,795,621

76.1

2013

24,497,654

160,144,987

135,647,333

15.3

193,037,094

70.3

2014

27,367,097

167,302,907

139,935,810

16.4

198,589,085

70.5

2015

28,387,974

195,163,081

166,775,107

14.5

210,481,133

79.2

Notes:

Information presented as of December 31 actuarial valuation date.

70