Comprehensive Annual Financial Report - City of Santa Monica

CITY OF SANTA MONICA, CALIFORNIA
Required Supplementary Information - OPEB Funding Information
Year ended June 30, 2008
(dollars in thousands)
Type of Valuation
Valuation date
(July 1)
Actuarial value
of assets
Actuarial
accrued
liability
Undfunded actuarial
accrued liability
(UAAL) Funded ratio
Annual covered
payroll
UAAL as a
percentage of payroll Interest rate Salary Scale
Actual 2007 $ - $ 16,518 $ 16,518 - % $ 124,253 13.29% 5.00% 3.25%
84