Page 291 - FY 2021-22 Blue Book Volume 2

Fire and Police Pension Fund

2020-21 2021-22 Change from
CITY CONTRIBUTION: Adopted Adopted 2020-21
Budget Budget Budget
TIER 5 requirements:
Retirement
1. Employer Normal Cost $ 236,534,624 $ 234,667,568 $ (1,867,056)
2. Amortization of UAAL 153,335,630 130,038,009 (23,297,621)
3. LAFPP Admin Expenses 13,180,039 13,869,242 689,203
Health
4. Employer Normal Cost $ 50,954,971 $ 47,266,375 $ (3,688,596)
5. Amortization of UAAL 37,539,575 33,286,180 (4,253,395)
6. Health Admin Expenses 1,059,110 1,220,493 161,383
Subtotal $ 492,603,949 $ 460,347,867 $ (32,256,082)
TIER 6 requirements:
Retirement
1. Employer Normal Cost $ 52,930,513 $ 61,580,044 $ 8,649,531
2. Amortization of UAAL 40,498,214 40,913,726 415,512
3. LAFPP Admin Expenses 3,481,044 4,363,665 882,621
Health
4. Employer Normal Cost $ 21,538,958 $ 23,179,790 $ 1,640,832
5. Amortization of UAAL 9,914,758 10,472,797 558,039
6. Health Admin Expenses 279,727 384,003 104,276
Subtotal $ 128,643,214 $ 140,894,025 $ 12,250,811

NET GENERAL FUND ACTUARIAL CONTRIBUTION $ 752,187,959 $ 720,296,351 $ (31,891,608)

General Fund to LAFPP $ 749,812,593 $ 718,105,351 $ (31,707,242)
General Fund to Excess Benefit Plan Fund $ 2,375,366 $ 2,191,000 $ (184,366)

Financing Source

Tax and Revenue Anticipation Notes $ 752,187,959 $ 720,296,351 $ (31,891,608)

TOTAL FINANCING SOURCE $ 752,187,959 $ 720,296,351 $ (31,891,608)

759