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<br /> ~ s <br /> .,- ~, . <br /> "~ <br /> UPDATED SERVICE CREDIT AND ANNUITY INCREASE STUDY ". <br /> , . "- <br /> City of La Porte ' ...... <br /> .... <br /> Effective Date - January 1, 1983 <br /> I. Updated Service Credits <br /> Proposed Plans <br /> Present Plan 1 2 3 4 5 <br /> Deposit Rate 796 796 796 <br /> Matching Ratio 2-1 2-1 2-1 <br /> Salary Maximum Full Full Full Full Full Full <br /> e Vesting - 20 Year Yes Yes Yes <br /> - 10 Year Yes Yes Yes <br /> Updated Service Credit 10096-1981 10096 7096 <br /> Contribution Rates 1982 1983 1983 1983 1983 1983 1983 <br /> Normal Cost '4.06 3.64 3.64 3.64 <br /> Prior Service 1.06 .84 .97 .90 <br /> Retirement 5.12 4.48 4.61 4.54 - - - <br /> Supplemental Death (A&R) .31 .28 .28 . .28 <br /> Supplemental Disability .05 .05 .05 .05 <br /> -,- - - - - - <br /> Total Rate (96) 5.48 4.81 4.94 4.87 <br /> Amortization Period <br /> -- in Years 24 25 25 25 25 25 <br /> II. Annuity Increases <br /> Proposed Plans <br /> A B C D E <br /> Percentage of Consumer Price Index (CPI-U) 70 50 <br /> Addition to the Prior <br /> Service Contribution Rate (96) .02 .01 <br /> To determine the City's contribution rate under various combinations of Updated Service Credits and Annuity Increases - add the <br /> Tot",e (%) under the appropriate Updated Service credit.. to the percentage rate shown under the various Annuiwrease <br /> pIa ' <br />