DISCLOSURES REQUIRED PURSUANT TO CHAPTER 2013-100, FLORIDA STATUTES (a) City/District (b) Plan Name (c) Plan Type (d) Valuation Date (e) Interest Rate: (1) Discount Rate, net of investment fees (2) Long-Term Expected Rate of Return, net of investment fees
Tamarac City of Tamarac Employees' Pension Fund Defined Benefit 10/1/2018 6.73% 6.73%
With respect to the reporting standards for defined benefit retirement plans or systems contained in Section 112.664(1), F.S., the actuarial disclosures required under this section were prepared and completed by me or under my direct supervision and I acknowledge responsibility for the results. To the best of my knowledge, the results are complete and accurate, and in my opinion, meet the requirements of Section 112.664(1), F.S., and Section 60T-1.0035, F.A.C. (f) Certification Statement: (1) Signature (2) Actuary's Name (3) Enrollment Number (4) Signature Date (5) Cover letter attached (pdf)?
Charles T. Carr 17-04927 12/31/2018 N
Section 112.664(1)(a), F.S. (g) Total pension liability: (1) Service cost (2) Interest (3) Benefit changes (4) Difference between expected and actual experience (5) Changes in assumptions (6) Benefit payments (7) Contribution refunds (8) Net change in total pension liability (9) Total pension liability - beginning of year (10) Total pension liability - ending of year
$1,495,084 $3,497,917 $0 ($363,475) $0 ($2,608,763) $0 $2,020,763 $51,763,047 $53,783,810
(h) Plan fiduciary net position: (1) Contributions - Employer (2) Contributions - State (3) Contributions - Member (4) Net investment income (5) Benefit payments (6) Contribution refunds (7) Administrative expenses (8) Other (9) Net change in plan fiduciary net position (10) Plan fiduciary net position - beginning of year (11) Plan fiduciary net position - ending of year
$1,960,758 $0 $601,734 $2,969,863 ($2,608,763) $0 ($51,831) $0 $2,871,761 $49,333,277 $52,205,038
(i) Net pension liability/(asset) [(g)(10) minus (h)(11)]
$1,578,772
Section 112.664(1)(b), F.S.