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CITY OF EUGENE, OREGON <br />Notes to Required Supplementary Information <br />June 30, 2007 <br />(1)Schedule of Funding Progress – Oregon PERS <br />Oregon Public Employee Retirement System’s schedule of funding progress for the City of Eugene: <br /> ActuarialUnfundedUnfunded <br />ActuarialActuarialaccruedactuarialactuarial liability <br />valuationvalue ofliability,accruedFundedCoveredas a percentage <br />dateassetsentry ageliabilityratiopayrollof covered payroll <br />12/31/01$415,689,042416,268,737579,695100%65,136,5921% <br />12/31/03470,039,745506,073,41236,033,66793%70,016,20151% <br />12/31/05579,816,082571,031,263(8,784,819)102%75,604,360-12% <br />(2)Schedule of Funding Progress – OPEB <br />Other Post Employment Benefits schedule of funding progress: <br /> UnfundedUnfunded <br />ActuarialActuarialActuarialactuarialactuarial liability <br />valuationvalue ofaccruedaccruedFundedCoveredas a percentage <br />dateassetsliabilityliabilityratiopayrollof covered payroll <br />06/30/07$ 022,854,22522,854,2250%75,075,50030% <br />The City’s other post employment benefits include retiree healthcare and waiver of life insurance <br />premiums for disabled employees. The actuarial cost method for retiree healthcare benefits is entry age <br />normal; the cost method for waiver of life insurance premiums for disabled employees is projected unit <br />credit. <br />éé <br />