Unfunded Liabilities - Moreno Valley

Actuarial FactorsDemographic Assumptions:Pre-Retirement MortalityNon-Industrial Death Rates vary by age and gender. Industrial Death rates vary by age.Post-Retirement MortalityRates vary by age, type of retirement and gender.Marital StatusFor active members, a percentage married upon retirement is assumed.Age of SpouseIt is assumed that female spouses are 3 years younger than male spouses. This assumption is usedfor all plans.Terminated MembersIt is assumed that terminated members refund immediately if non-vested. Terminated members whoare vested are assumed to follow the same service retirement pattern as active members.Non-Industrial (Not Job-Related) DisabilityRates vary by age and gender for Miscellaneous Plans.Service RetirementRetirement rate varies by age, service, and formula.6