Page 331 - 2022-23 Blue Book Vol 2

Fire and Police Pension Fund

2021-22 2022-23 Change from
CITY CONTRIBUTION: Adopted Proposed 2021-22
Budget Budget Budget
TIER 5 requirements:
Retirement
1. Employer Normal Cost $ 235,233,871 $ 236,403,402 $ 1,169,531
2. Amortization of UAAL 130,351,819 103,919,690 (26,432,129)
3. LAFPP Admin Expenses 13,902,711 13,893,007 (9,704)
Health
4. Employer Normal Cost $ 47,380,439 $ 46,235,926 $ (1,144,513)
5. Amortization of UAAL 33,366,507 30,453,471 (2,913,036)
6. Health Admin Expenses 1,223,439 1,222,585 (854)
Subtotal $ 461,458,786 $ 432,128,081 $ (29,330,705)
TIER 6 requirements:
Retirement
1. Employer Normal Cost $ 61,728,650 $ 67,134,483 $ 5,405,833
2. Amortization of UAAL 41,012,459 35,544,021 (5,468,438)
3. LAFPP Admin Expenses 4,374,196 4,751,875 377,679
Health
4. Employer Normal Cost $ 23,235,728 $ 24,557,688 $ 1,321,960
5. Amortization of UAAL 10,498,070 10,416,109 (81,961)
6. Health Admin Expenses 384,929 418,165 33,236
Subtotal $ 141,234,032 $ 142,822,341 $ 1,588,309

NET GENERAL FUND ACTUARIAL CONTRIBUTION $ 721,998,264 $ 667,422,703 $ (54,575,561)

General Fund to LAFPP $ 719,807,264 $ 664,853,703 $ (54,953,561)
General Fund to Excess Benefit Plan Fund $ 2,191,000 $ 2,569,000 $ 378,000

Financing Source

Tax and Revenue Anticipation Notes $ 721,998,264 $ 667,422,703 $ (54,575,561)

TOTAL FINANCING SOURCE $ 721,998,264 $ 667,422,703 $ (54,575,561)

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