Page 349 - FY 2020-21 Blue Book Volume II

Fire and Police Pension Fund

2019-20 2020-21 Change from
CITY CONTRIBUTION: Adopted Proposed 2019-20
Budget Budget Budget
TIER 5 requirements:
Retirement
1. Employer Normal Cost $ 221,201,755 $ 236,534,624 $ 15,332,869
2. Amortization of UAAL 148,937,992 153,335,630 4,397,638

3. LAFPP Admin Expenses 12,665,949 13,180,039 514,090
Health
4. Employer Normal Cost $ 47,610,398 $ 50,954,971 $ 3,344,573

5. Amortization of UAAL 38,337,114 37,539,575 (797,539)
6. Health Admin Expenses 1,017,799 1,059,110 41,311
Subtotal $ 469,771,007 $ 492,603,949 $ 22,832,942
TIER 6 requirements:
Retirement
1. Employer Normal Cost $ 38,257,208 $ 52,930,513 $ 14,673,305
2. Amortization of UAAL 31,159,396 40,498,214 9,338,818

3. LAFPP Admin Expenses 2,649,850 3,481,044 831,194
Health
4. Employer Normal Cost $ 15,544,209 $ 21,538,958 $ 5,994,749
5. Amortization of UAAL 8,020,528 9,914,758 1,894,230

6. Health Admin Expenses 212,934 279,727 66,793

Subtotal $ 95,844,125 $ 128,643,214 $ 32,799,089
NET GENERAL FUND ACTUARIAL CONTRIBUTION $ 705,075,973 $ 752,187,959 $ 47,111,986

General Fund to LAFPP $ 703,545,852 $ 749,812,593 $ 46,266,741
General Fund to Excess Benefit Plan Fund $ 1,530,121 $ 2,375,366 $ 845,245

Financing Source

Tax and Revenue Anticipation Notes $ 705,075,973 $ 752,187,959 $ 47,111,986

TOTAL FINANCING SOURCE $ 705,075,973 $ 752,187,959 $ 47,111,986

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