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CITY OF EUGENE, OREGON <br />Notes to Required Supplementary Information <br />June 30, 2009 <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 /> Unfunded <br /> Unfunded actuarial <br />Actuarial Actuarial Actuarial actuarial accrued liability <br />valuation value of accrued accrued Funded Covered as a percentage <br /> assets liability liability ratio payroll of covered payroll <br />date <br /> <br />12/31/03 $ 470,039,745 506,073,412 36,033,667 93% 70,016,201 51% <br />12/31/05 579,816,082 571,031,263 (8,784,819) 102% 75,604,360 -12% <br />12/31/07 680,846,717 612,554,606 (68,292,111) 111% 85,563,475 -80% <br />(2) Schedule of Funding Progress – OPEB <br />Other Post Employment Benefits schedule of funding progress: <br /> Unfunded <br /> Unfunded actuarial <br />Actuarial Actuarial Actuarial actuarial accrued liability <br />valuation value of accrued accrued Funded Covered as a percentage <br />date assets liability liability ratio payroll of covered payroll <br /> <br />06/30/07 $ 0 22,854,225 22,854,225 0% 75,075,500 30% <br />06/30/090 13,418,783 13,418,783 0% 90,674,405 15% <br />The City’s other post employment benefits include retiree healthcare and waiver of life insurance premiums for <br />disabled employees. The actuarial cost method for retiree healthcare benefits is entry age normal; the cost <br />method for waiver of life insurance premiums for disabled employees is projected unit cost. <br />