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CITY OF SOUTH BEND <br />NOTES TO FINANCIAL STATEMENTS <br />(Continued) <br />Contribution rates: <br />Government <br />Plan members <br />Actuarial valuation date <br />Actuarial cost method <br />Amortization method <br />Amortization period <br />Amortization period <br />(from date) <br />Asset valuation method <br />1925 Police 1937 <br />Officers' Firefighters' <br />Actuarial Assumptions PERF Pension Pension <br />Investment rate of return <br />Projected future salary increases: <br />Total <br />Attributed to inflation <br />Attributed to merit/seniority <br />Cost -of- living adjustments <br />7.25% <br />1925 Police <br />1937 <br />5% <br />Officers' <br />Firefighters' <br />.. � <br />4r " Pension <br />Pension <br />1% <br />3.5% <br />441% <br />376% <br />3% <br />6% <br />6% <br />07 -01 -02 <br />01 -01 -02 <br />01 -01 -02 <br />Entry age <br />Entry age <br />Entry age <br />Level percentage <br />Level percentage <br />Level percentage <br />of projected <br />of projected <br />of projected <br />payroll, closed <br />payroll, closed <br />payroll, closed <br />40 years <br />40 years <br />40 years <br />07 -01 -97 <br />12 -31 -77 <br />12 -31 -77 <br />4 year <br />4 year <br />4 year <br />smoothed market <br />smoothed market <br />smoothed market <br />1925 Police 1937 <br />Officers' Firefighters' <br />Actuarial Assumptions PERF Pension Pension <br />Investment rate of return <br />Projected future salary increases: <br />Total <br />Attributed to inflation <br />Attributed to merit/seniority <br />Cost -of- living adjustments <br />7.25% <br />7% <br />7% <br />5% <br />5% <br />5% <br />4% <br />4% <br />4% <br />1% <br />1% <br />1% <br />2% <br />0% <br />0% <br />Three Year Trend Information <br />PERF <br />Year Ending (APC) Contributed Obligation <br />12 -31 -99 $ 6,567,390 43% $ 14,928,837 <br />12 -31 -00 7,103,263 51% 18,422,000 <br />12 -31 -01 7,578,600 70% 21,319,288 <br />55 <br />Annual <br />Percentage <br />Net <br />Pension Cost <br />of APC <br />Pension <br />Year Ending <br />(APC) <br />Contributed <br />Obligation <br />06 -30 -00 <br />$ 593,399 <br />144% $ <br />(413,774) <br />06 -30 -01 <br />645,625 <br />127% <br />(589,752) <br />06 -30 -02 <br />695,456 <br />109% <br />(649,051) <br />1925 Police Officers' Pension Plan <br />Annual <br />Percentage <br />Net <br />Pension Cost <br />of APC <br />Pension <br />Year Ending (APC) Contributed Obligation <br />12 -31 -99 $ 6,567,390 43% $ 14,928,837 <br />12 -31 -00 7,103,263 51% 18,422,000 <br />12 -31 -01 7,578,600 70% 21,319,288 <br />55 <br />