Report of the State Auditor, local retirement plans, 2025 January 1

BIENNIAL REPORT JANUARY 1, 2025
Do not delete Report of the State Auditor
Local Retirement Plans
Greg S. Griffin | State Auditor Scott Owens | Director

Biennial Report January 1, 2025
Table of Contents
Letter of Transmittal
Purpose of the Report
Compliance with Statutory Requirements
Summary of Local Retirement Plans
Appendices Appendix A: Non-Respondent Governments Appendix B: Investment Portfolio Breakdown of Single Employer Defined Benefit Plans Appendix C: Listing of Local Retirement Plans Defined Benefit - By Name - By Funded Ratio Appendix D: Historical Trend Data of Funded Ratio Appendix E: Actuarial Assumptions Appendix F: Retirement and Postemployment Benefits Other Than Defined Benefit Plans Appendix G: Public Retirement System Standards Law History of Significant Changes

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Greg S. Griffin State Auditor

January 1, 2025
The Honorable Brian P. Kemp, Governor The Honorable Burt Jones, Lieutenant Governor The Honorable Jon Burns, Speaker of the House of Representatives Members of the General Assembly
Ladies and Gentlemen:
In accordance with the Official Code of Georgia Annotated (O.C.G.A.), Section 47-1-3, the governing authority of each local retirement system is required to file an actuarial investigation and financial report with the State Auditor by October 1 of each even numbered year. Based on these actuarial investigations and financial reports, the State Auditor is required to report to the Governor and each member of the General Assembly once every two years on the financial condition of local retirement plans and on their compliance with investment requirements. This report is intended to fulfill the reporting requirement outlined in O.C.G.A. 47-1-4 and to provide information about local retirement plans in Georgia and their adherence with the Public Retirement Systems Standards Law. A copy of this report has been filed as a permanent record with the State Auditor and is available to the public. Appreciation is expressed to the officials of the local governments and the local retirement plans for their assistance in presenting this report.
Respectfully,

GSG/jn

Greg S. Griffin State Auditor

270 Washington Street, SW, Suite 4-101 Atlanta, Georgia 30334 | Phone 404.656.2180

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Report of the State Auditor Local Retirement Plans

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Purpose of the Report
The purpose of this report is to comply with the Official Code of Georgia Annotated (O.C.G.A.) 47-1-4 which requires the State Auditor to report on the condition and actuarial soundness of local retirement plans. In addition, state law requires the State Auditor to report on the retirement plans' compliance with the investment requirements outlined in O.C.G.A. 47-20-83.
This report addresses local retirement plans' compliance with the reporting requirements established in O.C.G.A. 47-1-3, adherence to the Public Retirement Systems Standards Law (O.C.G.A. 47-20-1 et seq.), and compliance with investing requirements specified in O.C.G.A. 47-20-83. The report also provides information on the known number and type of local retirement plans in Georgia; this includes municipalities, counties, consolidated governments, regional commissions, local boards of education, and local authorities.
Background
Responsibilities of the local retirement plan The Public Retirement Systems Standards Law (O.C.G.A. 47-20-1 et seq.) provides minimum funding standards for local retirement plans. In accordance with O.C.G.A. 47-1-3, every two years each local retirement plan is required to file with the State Auditor an actuarial investigation demonstrating compliance with the minimum funding standards. Each local retirement plan is also required to file financial reports with its actuarial investigation. The financial reports must contain information on the plan's receipts and disbursements, provide data regarding plan membership and beneficiaries, and cite any changes to the plan since the previous actuarial investigation.
The O.C.G.A. 47-1-3 also requires the local retirement plans to certify that they have complied with the investment provisions outlined in the Public Retirement Systems Standards Law (O.C.G.A. 47-20-1 et seq.) This Law specifies that retirement systems that meet the criteria for a large retirement system as provided in O.C.G.A. 47-20-84 may not invest more than 75 percent of its assets in equities. These large retirement systems are also allowed to invest in corporations or in obligations of corporations organized in a country other than the United States or Canada. Retirement systems that do not qualify as a large retirement system may not invest more than 55 percent of retirement system assets in equities. Also, investments in business entities organized in a country other than the United States or Canada are prohibited for these systems. No fund shall increase its assets in equities through purchase by more than 20 percent in any fiscal year. Please see Appendix G for some history on the significant changes made to the Public Retirement Systems Standards Law.
Responsibility of the State Auditor After the local retirement plans have filed the actuarial investigations and financial reports, the State Auditor is required to report on the condition of these

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plans to the Governor and members of the General Assembly. Beginning January 1997, the State Auditor is required to issue this report every two years. Previously, this report was issued every three years beginning January 1983. This report fulfills the requirement for the January 2025 reporting period.
Compliance with Statutory Requirements
Reporting Requirements All municipalities, counties, consolidated governments, regional commissions, local boards of education, and authorities with identified retirement plans have complied with the state's reporting requirements except:
City of Clayton (repeat finding)
City of Milledgeville
Hospital Authority of Washington County (repeat finding)
These governments have not complied with some, or all of the reporting requirements established in O.C.G.A. 47-1-3. Consequently, as required by O.C.G.A. 47-1-5, the State Treasurer has been notified to withhold any state funds payable to these entities until the actuarial investigations and financial reports are submitted.
In addition to the noncompliant governments with identified retirement plans listed above, Appendix A provides a listing of governments that did not respond to requests for information. Of the 2,160 governments, 906 or 42% did not respond compared to 37% for the prior reporting period. The governments were repeatedly notified by email or letters of the reporting requirements. No information on the retirement benefits that are offered by these governments, if any, is presented in this report.
Funding Requirements Except for the following, all applicable retirement plans that reported to us were, according to their actuaries, funded in accordance with the Public Retirement Systems Standards Law (O.C.G.A. 47-20-1 et seq.).
Hospital Authority of Washington County
This government did not meet the minimum funding standards. Consequently, as required by O.C.G.A. 47-20-21, the State Treasurer was notified to withhold any state funds payable to this entity until the government's actuary certifies to the State Auditor and to the State Treasurer that employer contributions are in conformity with the minimum funding standards.
In June 2012, the Governmental Accounting Standards Board (GASB) issued GASB Statement No. 67 Financial Reporting for Pension Plans an amendment of GASB Statement No. 25, which was effective for pension plan

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financial statements with fiscal years beginning after June 15, 2013. This statement superseded Statement 25 and established new financial reporting requirements for defined benefit pension plans. Unlike GASB Statement 25 which included funding parameters for the calculation of the annual required contribution, GASB Statement 67 did not address pension plan funding requirements. Because of the changes in the GASB standards, the General Assembly passed 2014 House Bill 761 to retain the funding parameters of GASB Statement 25 as the required minimum funding standards in Georgia.
Investing Requirements Except for the three entities noted above in the Reporting Requirements section, all applicable retirement plans provided information regarding their compliance with the investment requirements outlined in O.C.G.A. 47-20-83 and 47-2084.
According to the certifications received from the local retirement plans and responses to the investment survey, all plans complied with the investing requirements at all times during the two-year reporting period. In addition to the investment certification, local government retirement plans were requested to provide a breakdown of their investment portfolio. Appendix B provides a detailed listing of investment assets by type for each single employer defined benefit plan.
Summary of Local Retirement Plans
Defined Benefit Plans There are several types of retirement plans for local government employees in Georgia. Defined benefit plans use a specified benefit formula to compute the benefit that a retired employee is entitled to receive. The benefit formula may include years of service, salary, age, type of annuity chosen, and other factors.
Because this type of plan promises the employee a certain benefit level (based on the formula), there can be an unfunded liability created for these plans if plan assets do not equal the present value of projected benefit payments. The Public Retirement Systems Standards Law established minimum funding standards to ensure the actuarial soundness of public retirement plans. These standards provide that an employer must make an annual contribution to the plan sufficient to pay the current year cost plus the amount necessary to amortize any unfunded liability over a period of years.
Currently, there are a total of 467 defined benefit plans subject to the Public Retirement Systems Standards Law. Of this total, 66 (14%) are single-employer plans.
GMEBS and ACCG-Administered Plans The Georgia Municipal Employees Benefit System (GMEBS) and the Association County Commissioners of Georgia (ACCG) are agent multiple-employer defined

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benefit pension plans. As such, plan assets are pooled for investment purposes, but separate accounts are maintained for each individual employer so that each employer's share of the pooled assets is legally available to pay the benefits of only its employees. This is different from cost-sharing multiple-employer plans when cost-sharing pension plan assets can be used to pay the benefits of the employees of any employer that provides pensions through the pension plan.
The GMEBS administers retirement programs for 295 local governments. The ACCG administers retirement programs for 106 local governments. Together, these two plans administer 86% of the local government defined benefit retirement plans. Local governments with plans administered by these two organizations are not required to submit separate actuarial valuations or financial reports. Instead, these two organizations issue individual reports on all member plans.
Exhibit 1 below shows the number of defined benefit plans by type of local government unit.
Exhibit 1 Number of Defined Benefit Retirement Plans Reported by Type of Local Government Unit

Governmental Units
Municipalities4 Counties Consolidated Governments Regional Commissions Local Boards of Authorities Local Authorities5

Total Number
529 152
7 12 180 1,280 2,160

Number with Local
Retirement Plans
271 110
5 9 4 50 449

Number of Local Retirement Plans1

Administered By

Single

Employer GMEBS2

ACCG3

22

255

0

12

0

99

11

3

0

1

7

1

5

0

0

15

30

6

66

295

106

1 Because some governments have more than one retirement plan, there are a total of 467 plans, including closed plans. 2 Georgia Municipal Employees Benefit System 3 Association County Commissioners of Georgia 4 Incorporated/active municipalities from the Georgia Department of Community Affairs 2 Local authorities identified by the Georgia Department of Community Affairs.

Percent With Local Retirement
Plans
51% 72% 71% 75%
2% 4% 21%

Appendix C provides a listing of all the local governments with identified retirement plans. The listing identifies the administrator of the retirement plan, the actuarial value of plan assets (A), the actuarial accrued liability (B), and the funded ratio (A/B). The funded ratio from the 2019, 2021, 2023, and 2025

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biennial retirement reports are presented in Appendix D. Analysis of the dollar amount of the actuarial value of assets, actuarial accrued liability, and unfunded actuarial accrued liability in isolation can be misleading. However, expressing the actuarial value of assets as a percentage of the accrued liability (i.e., the funded ratio) does provide an indication of the plan's funding status on a goingconcern basis. Analysis of this percentage, over time, indicates whether the plan is becoming financially stronger or weaker. Generally, the greater this percentage, the stronger the plan.
A number of significant assumptions are made to determine projected long-term funding obligations and related costs of a pension plan. These assumptions represent management's best projection of future plan experience and are generally either economic or demographic. Economic assumptions include anticipated inflation rates, salary increases, and performance of the fund's assets. Demographic assumptions tend to be more specific to the plan being evaluated and are dependent on such factors as the age and life expectancy of plan members. The actuarial assumptions do not determine the plan's cost to the government. This cost is solely determined by the benefits and administrative expenses paid out, offset by the plan's contributions and investment income. The objective of the actuarial funding valuation is to develop an estimate that closely reflects what the actual cost will be, ensuring that amounts contributed will be sufficient to provide future benefits and maintain equity among generations of taxpayers and plan participants. Appendix E of this report summarizes selected economic assumptions reported in the actuarial valuations submitted.
Defined Contribution Plans Defined contribution plans are those in which the employer contributes a certain amount to an account for each participating employee. The employees' benefits upon retirement are determined by the amount in their individual accounts. These retirement plans do not incur an actuarial liability. Based on the definition of retirement systems in the Public Retirement Systems Standards Law, defined contribution plans are not considered local retirement systems. Therefore, these plans are not included in this report. However, to assist readers in obtaining a more complete understanding of the retirement and postemployment benefits offered by local governments, Appendix F includes a listing of governments offering defined contribution plans.
Deferred Compensation Plans A deferred compensation plan is a plan that offers employees the opportunity to defer receipt of a portion of their salary and the related liability for federal income taxes. To assist readers in obtaining a more complete understanding of the retirement and postemployment benefits offered by local governments, Appendix F includes a listing of governments offering a deferred compensation plan.

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Other Postemployment Benefits Other postemployment benefits (OPEB) are benefits (other than pension benefits) that are paid subsequent to the termination of employment. These benefits include postemployment healthcare benefits (e.g., medical, dental, vision, hearing, and other health-related benefits), regardless of the type of plan that provides them, and all other postemployment benefits (e.g., life insurance, disability, long-term care, and other benefits if provided as compensation for employee services) provided through a plan that does not provide retirement income. To assist readers in obtaining a more complete understanding of the retirement and postemployment benefits offered by local governments, Appendix F includes a listing of governments offering postemployment healthcare benefits and other postemployment benefits.

Appendix A: Non-Respondent Governments

2025 Non-respondent Governments:

Cities

Adrian Ailey Alapaha Aldora Allenhurst Ambrose Andersonville Argyle Arlington Arnoldsville Avalon Avera Baconton Baldwin Bartow Bellville Bethlehem Between Bishop Bluffton Bogart Boston Bostwick Bowersville Braswell Brinson Bronwood Brookhaven Byromville Carl Carlton Cecil Centralhatchee

Clayton Clermont Climax Colbert Coolidge Culloden Daisy Damascus Danville Dasher Denton DeSoto Dexter Dooling Dudley Dunwoody Edge Hill Ellenton Euharlee Fairmount Fargo Flovilla Forest Park Fort Gaines Franklin Springs Garfield Geneva Gillsville Girard Glenwood Gum Branch Higgston Hiltonia

Homer Homerville Hoschton Hull Ideal Iron City Irwinton Ivey Jacksonville Johns Creek Junction City Keysville Kingston Lilburn Lone Oak Lula Lumber City Mansfield Martin Maxeys Maysville McIntyre Metter Milan Milledgeville Milner Mitchell Montrose Morgan Mountain Park Newborn Newington Newton

Norman Park North High Shoals Nunez Oak Park Odum Oliver Omega Orchard Hill Parrott Pavo Pearson Pine Lake Pinehurst Plainville Rayle Resaca Rest Haven Rhine Richland Riddleville Rocky Ford Roopville Sale City Sasser Screven Shady Dale Sharon Shellman Shiloh Siloam South Fulton Sparks Sparta

Counties Berrien County Camden County Chattooga County Clay County

Cook County Dade County Effingham County Irwin County

Johnson County Meriwether County Pierce County Screven County

Stewart County Taylor County Terrell County Towns County

Consolidated Governments Cusseta-Chattahoochee County

Unified Government of Webster County

Statham Stillmore Stonecrest Summertown Surrency Sycamore Talbotton Talking Rock Talmo Tarrytown Taylorsville Tiger Tignall Trenton Tucker Tunnel Hill Turin Twin City Unadilla Uvalda Varnell Vernonburg Vidette Waco Walnut Grove Winterville Woodland Woodville Zebulon
Twiggs County

Page A-1

Appendix A: Non-Respondent Governments

2025 Non-respondent Governments:
Regional Commissions River Valley Regional Commission

Local Boards of Education
Atkinson County Board of Education Banks County Board of Education Barrow County Board of Education Berrien County Board of Education Bibb County Board of Education Bryan County Board of Education Burke County Board of Education Butts County Board of Education Calhoun County Board of Education Camden County Board of Education Candler County Board of Education Clarke County Board of Education Clayton County Board of Education Cobb County Board of Education Colquitt County Board of Education Columbia County Board of Education Crawford County Board of Education Crisp County Board of Education DeKalb County Board of Education Dooly County Board of Education Early County Board of Education Emanuel County Board of Education Evans County Board of Education Franklin County Board of Education Grady County Board of Education Greene County Board of Education Hancock County Board of Education Hart County Board of Education Henry County Board of Education Houston County Board of Education Johnson County Board of Education Lamar County Board of Education Laurens County Board of Education Lincoln County Board of Education Long County Board of Education Lowndes County Board of Education Madison County Board of Education Marion County Board of Education Meriwether County Board of Education Miller County Board of Education Newton County Board of Education

Pierce County Board of Education Quitman County Board of Education Rabun County Board of Education Randolph County Board of Education Richmond County Board of Education Rockdale County Board of Education Stephens County Board of Education Stewart County Board of Education Talbot County Board of Education Tattnall County Board of Education Tift County Board of Education Towns County Board of Education Troup County Board of Education Turner County Board of Education Twiggs County Board of Education Union County Board of Education Thomaston-Upson County Board of Education Walker County Board of Education Walton County Board of Education Warren County Board of Education Wayne County Board of Education Webster County Board of Education Wheeler County Board of Education Wilkes County Board of Education Wilkinson County Board of Education City of Calhoun Board of Education City of Cartersville Board of Education City of Commerce Board of Education City of Dalton Board of Education City of Marietta Board of Education City of Pelham Board of Education City of Rome Board of Education City of Thomasville Board of Education

Page A-2

Appendix A: Non-Respondent Governments

2025 Non-respondent Governments:
Local Authorities
Abbeville Housing Authority Adairsville Downtown Development Authority Albany-Dougherty Inner City Authority Alma Downtown Development Authority Alma Housing Authority Americus-Sumter County Land Bank Authority Athens-Clarke County Downtown Development Authority Athens-Clarke County Industrial Development Authority Atkinson County-Coffee County Joint Development Authority Atlanta Development Authority d/b/a Invest Atlanta Atlanta Housing Opportunity, Inc. Atlanta Public Safety and Judicial Facilities Authority Atlanta Urban Redevelopment Agency Auburn Downtown Development Authority Augusta Ports Authority Augusta, Georgia Landbank Authority Bacon County Development Authority Bacon Industrial Building Authority Baldwin County Hospital Authority Banks-Jackson-Commerce Hospital and Nursing
Home Authority Barnesville Housing Authority Barrow-Braselton Joint Economic Development Authority Baxley and Appling County Hospital Authority Ben Hill-Irwin Area Joint Development Authority Berrien County Airport Authority Berrien County Development Authority Bleckley County School Building Authority Bleckley-Cochran Development Authority Boston Downtown Development Authority Bowdon Housing Authority Brantley County Development Authority Bremen Housing Authority Brookhaven Development Authority Brooks County Development Authority Brooks County Hospital Authority Bryan County Public Facilities Authority Bryan County Water and Sewer Authority Butts County, City of Flovilla, City of Jackson,
and City of Jenkinsburg Water and Sewer Authority Camden County Joint Development Authority Camden County Public Service Authority Camden County Solid Waste Management Authority Candler County Industrial Authority

Carrollton Payroll Development Authority Carrollton Redevelopment Authority Catoosa County Public Facilities Authority Catoosa Utility District Authority Cedartown Development Authority Cedartown Downtown Development Authority Central State Hospital Local Redevelopment Authority Central Valdosta Development Authority Chatham Area Transit Authority Chatham County Building and Facilities Authority Chatham County Urban Development Authority Chatham-Savannah Authority for the Homeless Chattahoochee County Industrial Development Authority Cherokee County Development Authority City of Atlanta Fulton County Recreation Authority City of Atlanta Solid Waste Management Authority City of Austell Public Facilities Authority City of Ball Ground Downtown Development Authority City of Chickamauga Public Facilities Authority City of Claxton Downtown Development Authority City of Clayton Downtown Development Authority City of Cleveland Building Authority City of Colquitt Downtown Development Authority City of Commerce Downtown Development Authority City of Commerce Public Facilities Authority City of Dalton Airport Authority City of Dalton Building Authority City of Dawson Development Authority City of Douglasville Industrial Development Authority City of Duluth Downtown Development Authority City of Eton Public Facilities Authority City of Fayetteville Downtown Development Authority City of Fayetteville Public Facilities Authority City of Forsyth Convention and Visitors Bureau Authority City of Grayson Downtown Development Authority City of Hapeville Public Facilities Authority City of Hartwell Recreation Authority City of Hinesville Development Authority City of Jefferson Public Building Authority City of Jesup Downtown Development Authority City of Lagrange Gas Authority City of Lumber city Downtown Development Authority City of Milan Development Authority City of Milton Parks and Recreation Authority

Page A-3

Appendix A: Non-Respondent Governments

2025 Non-respondent Governments:

City of Milton Public Building and Facilities Authority

Development Authority of Ben Hill County

City of Moultrie-Colquitt County Airport Authority

Development Authority of Bibb County

City of Peachtree Corners Public Facilities Authority

Development Authority of Brooks County, Georgia

City of Pearson Public Facilities Authority

Development Authority of Carroll County

City of Pearson, Georgia Industrial Authority

Development Authority of Cherokee County

City of Pelham Downtown Development Authority

Development Authority of Clayton County

City of Perry Industrial Building Authority

Development Authority of Columbia County

City of Stockbridge, Downtown Development Authority

Development Authority of Columbus, Georgia

City of Tucker Downtown Development Authority

Development Authority of Crawford County

City of Tucker Public Facilities Authority

Development Authority of Crisp County

City of Washington Downtown Development Authority

Development Authority of Cumming

City of Washington Urban Redevelopment Authority

Development Authority of Douglas County

Classic Center Authority for Clarke County

Development Authority of Early County

Clayton County Hospital Authority

Development Authority of Effingham County

Clayton County Tourism Authority

Development Authority of Elbert County, Elberton and Bowman

Clayton County Water Authority

Development Authority of Fairburn

Clayton-Rabun County Water and Sewer Authority

Development Authority of Forsyth County

Clinch County Development Authority

Development Authority of Haralson County

Coastal Area District Development Authority, Inc.

Development Authority of Harris County

Cochran/Bleckley Airport Authority

Development Authority of Heard County

Coffee County Hospital Authority

Development Authority of Houston County

College Park Business and Industrial Development Authority Development Authority of Jasper County

Columbus Airport Commission

Development Authority of Jefferson, Georgia

Commerce Housing Authority

Development Authority of Johnson County, Georgia

Conyers-Rockdale-Big Haynes Impoundment Authority

Development Authority of Jones County

Cook County Airport Authority

Development Authority of Lagrange

Coosa Water Authority

Development Authority of Lee County

Coosawattee Regional Water and Sewerage Authority

Development Authority of Long County

Cordele Office Building Authority

Development Authority of Lowndes County

Covington Development Authority

Development Authority of Lumpkin County, Georgia

Covington Municipal Airport Authority

Development Authority of Macon County

Coweta County Public Facilities Authority

Development Authority of Murray County

Coweta, Fayette, Meriwether Joint Development Authority Development Authority of Oglethorpe County

Crisp County-Cordele Industrial Development Authority

Development Authority of Palmetto

Dade County Water and Sewer Authority

Development Authority of Pike County

Dalton-Whitfield County Hospital Authority

Development Authority of Polk County

Dalton-Whitfield Regional Solid Waste Management Authority Development Authority of Powder Springs

Deep South Regional Municipal Solid Waste

Development Authority of Rabun County

Management Authority

Development Authority of Richmond County

Dekalb County Civic Center Authority

Development Authority of Screven County

Dekalb County Coliseum Authority

Development Authority of St. Marys

Dekalb County Convention Center Authority

Development Authority of Telfair County

Dekalb County Hospital Authority

Development Authority of the City of Camilla

Development Authority of Atkinson County Development Authority of Augusta, Georgia

Development Authority of the City of Douglasville, Georgia Development Authority of the City of Folkston

Development Authority of Bainbridge and Decatur County

and Charlton County

Page A-4

Appendix A: Non-Respondent Governments

2025 Non-respondent Governments:

Development Authority of the City of Forest Park, Georgia

Downtown Development Authority of Franklin Springs, Georgia

Development Authority of the City of Gordon

Downtown Development Authority of Hinesville, Georgia

Development Authority of the City of Homeland

Downtown Development Authority of Jefferson

Development Authority of the City of Jeffersonville

Downtown Development Authority of Madison

and Twiggs County

Downtown Development Authority of Maysville

Development Authority of the City of Manchester

Downtown Development Authority of Monticello, Georgia

Development Authority of the City of Marietta

Downtown Development Authority of Moultrie

Development Authority of the City of Oakwood

Downtown Development Authority of Pembroke

Development Authority of the City of Richland

Downtown Development Authority of Porterdale

Development Authority of the City of Roswell

Downtown Development Authority of Rochelle, Ga

Development Authority of the City of Summerville, Georgia Downtown Development Authority of Tennille, Georgia

Development Authority of the City of Tallapoosa

Downtown Development Authority of the City of Arlington

Development Authority of the City of Wadley, Ga

Downtown Development Authority of the City of Atlanta

Development Authority of the City of Woodbury

Downtown Development Authority of the City of Baconton

Development Authority of the Unified Government of

Downtown Development Authority of the City of Chamblee

Athens-Clarke County, Georgia

Downtown Development Authority of the City of Cochran

Development Authority of Union County

Downtown Development Authority of the City of Danielsville

Development Authority of Vidalia

Downtown Development Authority of the City of Dawson

Development Authority of Washington County

Downtown Development Authority of the City of Doraville

Development Authority of Wheeler County

Downtown Development Authority of the City of Ellijay

Development Authority of Wilkinson County

Downtown Development Authority of the City of Greensboro

Dodge County Farmer's Market Authority

Downtown Development Authority of the City of Jackson

Dodge County Hospital Authority

Downtown Development Authority of the City of Jonesboro

Douglas-Coffee County Industrial Authority

Downtown Development Authority of the City of Lafayette

Downtown Bainbridge Development Authority

Downtown Development Authority of the City of Lagrange

Downtown Dalton Development Authority

Downtown Development Authority of the City of Locust Grove

Downtown Development Authority Cleveland

Downtown Development Authority of the City of Louisville

Downtown Development Authority for the City of Hahira

Downtown Development Authority of the City of Manchester

Downtown Development Authority For the City of Swainsboro Downtown Development Authority of the City of Mcdonough

Downtown Development Authority for the City of Valdosta Downtown Development Authority of the City of Milner

Downtown Development Authority of Abbeville

Downtown Development Authority of the City of Monroe

Downtown Development Authority of Albany, Georgia

Downtown Development Authority of the City of Norcross

Downtown Development Authority of Aragon, Georgia

Downtown Development Authority of the City of

Downtown Development Authority of Augusta-

Peachtree Corners

Richmond County

Downtown Development Authority of the City of Perry

Downtown Development Authority of Austell

Downtown Development Authority of the City of Richland

Downtown Development Authority of Avondale Estates

Downtown Development Authority of the City of Rossville

Downtown Development Authority of Blairsville

Downtown Development Authority of the City of Royston

Downtown Development Authority of Buchanan

Downtown Development Authority of the City of Senoia

Downtown Development Authority of Cave Spring, Georgia Downtown Development Authority of the City of Smithville

Downtown Development Authority of Columbus, Georgia

Downtown Development Authority of the City of Stone Mountain

Downtown Development Authority of Cordele

Downtown Development Authority of the City of Unadilla

Downtown Development Authority of Donalsonville

Downtown Development Authority of the City of Waleska

Downtown Development Authority of Dublin Downtown Development Authority of Fairburn

Downtown Development Authority of the City of Warm Springs Downtown Development Authority of the City of Zebulon

Downtown Development Authority of Forsyth

Downtown Development Authority of the City Thomasville

Page A-5

Appendix A: Non-Respondent Governments

2025 Non-respondent Governments:
Downtown Development Authority of the City Thomasville Downtown Development Authority of Union Point, Ga Downtown Development Authority of Walnut Grove Downtown Development Authority of Woodbury Downtown Development Authority of Woodstock Downtown Development Authority, City of Forest Park Downtown Lagrange Development Authority Downtown Smyrna Development Authority Downtown Waycross Development Authority Downtown West Point Development Authority East Point Building Authority East Point Business and Industrial Development Authority East Point Downtown Development Authority Eatonton Downtown Development Authority Echols County Water Authority Economic Development Authority of Arlington, Georgia Economic Development Authority of Fort Valley, Georgia Elbert County Richard B. Russell Development Authority Elberton Downtown Development Authority Emanuel County Hospital Authority Emanuel County Jail Authority Etowah Area Consolidated Housing Authority Etowah-Forsyth Water Authority Fall Line Regional Development Authority Fayette County Development Authority Flowery Branch Development Authority Fort Valley Downtown Development Authority Franklin County Industrial Building Authority Franklin County Water & Sewerage Authority Franklin-Hart Airport Authority Fulton County/City of Atlanta Land Bank Authority, Inc. Fulton Technology and Energy Enhancement Authority Gainesville and Hall County Development Authority Gainesville Convention & Visitors Bureau Authority Gainesville Redevelopment Authority Gibson Housing Authority Gilmer County Family Connection Commission Glynn-Brunswick Memorial Hospital Authority Gordon County Public Facilities Authority Grady County Hospital Authority Grady County Lake Authority Greene County Airport Authority Griffin-Spalding County Airport Authority Griffin-Spalding County Land Bank Authority Habersham County Water and Sewerage Authority Hancock County Hospital Authority

Haralson County School Building Authority Harris County Airport Authority Harris County Public Improvements Authority Hart County Industrial Building Authority Hart County Water and Sewer Utility Authority Hawkinsville Housing Authority Hazelhurst Housing Authority Henry County Development Authority Henry County Water Authority Historic Milan Railroad Depot Museum Authority Hogansville Development Authority Hogansville Downtown Development Authority Hospital Authority of Bacon County Hospital Authority of Ben Hill County Hospital Authority of Bleckley County Hospital Authority of Calhoun County, Georgia Hospital Authority of Charlton County Hospital Authority of Clay County, Georgia Hospital Authority of Early County, Georgia Hospital Authority of Effingham County Hospital Authority of Gordon County Hospital Authority of Habersham County Hospital Authority of Houston County Hospital Authority of Putnam County Hospital Authority of Rockdale County Hospital Authority of Tattnall County, Georgia Hospital Authority of the City of Augusta Hospital Authority of the City of Bainbridge and Decatur County Hospital Authority of the City of Lavonia Hospital Authority of the City of Smyrna, Georgia Hospital Authority of Union County Hospital Authority of Upson County Hospital Authority of Ware County Hospital Authority of Wayne County, Georgia Hospital Authority of Wilkes County Housing Authority City of Sylvester, Ga Housing Authority of City of Carrollton Housing Authority of City of Danielsville Housing Authority of Clayton County Housing Authority of Cobb County Housing Authority of Columbus, Georgia Housing Authority of Douglas County Housing Authority of Fulton County Housing Authority of Gwinnett County Housing Authority of Lee County Housing Authority of Savannah

Page A-6

Appendix A: Non-Respondent Governments

2025 Non-respondent Governments:
Housing Authority of the City of Alamo Housing Authority of the City of Albany Housing Authority of the City of Athens, Georgia Housing Authority of the City of Atlanta, Georgia Housing Authority of the City of Bainbridge Housing Authority of the City of Baxley Housing Authority of the City of Blakely, Georgia Housing Authority of the City of Blue Ridge Housing Authority of the City of Buchanan Housing Authority of the City of Buena Vista Housing Authority of the City of Buford, Georgia Housing Authority of the City of Cairo, Georgia Housing Authority of the City of Canton Housing Authority of the City of Cave Spring Housing Authority of the City of Cedartown, Ga. Housing Authority of the City of Clarkston Housing Authority of the City of Cochran, Georgia Housing Authority of the City of Comer Housing Authority of the City of Crawfordville Housing Authority of the City of Cumming Housing Authority of the City of Dahlonega Housing Authority of the City of Dalton Housing Authority of the City of Dawson Housing Authority of the City of Douglas Housing Authority of the City of Dublin, Georgia Housing Authority of the City of East Point, Georgia Housing Authority of the City of Eastman Housing Authority of the City of Ellaville Housing Authority of the City of Ellijay, Georgia Housing Authority of the City of Fitzgerald Housing Authority of the City of Forsyth Housing Authority of the City of Fort Oglethorpe, Georgia Housing Authority of the City of Fort Valley Housing Authority of the City of Glennville Housing Authority of the City of Greensboro, Georgia Housing Authority of the City of Greenville Housing Authority of the City of Griffin Housing Authority of the City of Hampton, Georgia Housing Authority of the City of Harlem, Georgia Housing Authority of the City of Hinesville, Ga Housing Authority of the City of Lincolnton Housing Authority of the City of Lumber City Housing Authority of the City of Lyons Housing Authority of the City of Macon, Georgia Housing Authority of the City of Manchester Housing Authority of the City of McCaysville Georgia

Housing Authority of the City of McRae Housing Authority of the City of Menlo, Georgia Housing Authority of the City of Metter Housing Authority of the City of Milledgeville Housing Authority of the City of Nahunta Housing Authority of the City of Newnan Housing Authority of the City of Norcross Housing Authority of the City of Oakwood, Georgia Housing Authority of the City of Ocilla, Ga Housing Authority of the City of Quitman Housing Authority of the City of Roberta, Ga. Housing Authority of the City of Roswell Housing Authority of the City of Royston Housing Authority of the City of Senoia Housing Authority of the City of Soperton Housing Authority of the City of Sparta Housing Authority of the City of Statesboro Housing Authority of the City of Stewart Housing Authority of the City of Swainsboro Housing Authority of the City of Thomaston Housing Authority of the City of Thomasville, Ga. Housing Authority of the City of Thomson, Georgia Housing Authority of the City of Tifton, Georgia Housing Authority of the City of Warner Robins, Georgia Housing Authority of the City of Warrenton Housing Authority of the City of Washington Housing Authority of the County of Dekalb, Georgia Housing Authority of the County of Harris Housing Authority of the County of Houston, Georgia Houston County Development Authority Ideal Downtown Development Authority Industrial Development Authority of Austell Industrial Development Authority of Butts County Jackson County Airport Authority Jeff Davis County Hospital Authority Joint Development Authority of Baker, Dougherty, Terrell,
and Lee Counties Joint Development Authority of Banks, Habersham and
Rabun Counties Joint Development Authority of Bleckley County and
Dodge County Joint Development Authority of Carroll, Haralson, Polk, Heard,
Troup, Paulding and Douglas Counties Joint Development Authority of Cherokee County and
Cobb County
Page A-7

Appendix A: Non-Respondent Governments

2025 Non-respondent Governments:

Joint Development Authority of Colquitt, Mitchell, Grady,

Meriwether County Public Facilities Authority

Thomas and Brooks Counties

Middle Georgia Regional Development Authority

Joint Development Authority of Dawson, Lumpkin and

Miller County Recreation Authority

White Counties

Mitchell County Hospital Authority

Joint Development Authority of Jasper County, Morgan County, Monroe County Industrial Development Authority

Newton County, and Walton County

Montezuma Downtown Development Authority

Joint Development Authority of Jeff Davis County, Hazlehurst Morgan County Building Authority

and Denton, Georgia

Morgan County Georgia Hospital Authority

Joint Development Authority of Metropolitan Atlanta

Morgan County Water Authority

Joint Development Authority of Seminole and Decatur Counties Moultrie-Colquitt County Development Authority

Joint Development Authority of the Unified Government of Moultrie-Colquitt County Parks and Recreation Authority

Athens, Clarke County, and the City of Winterville

Multi-City Water & Sewerage Authority

Kennesaw Development Authority

Murray County Hospital Authority

Kennesaw Downtown Development Authority

Murray County Industrial Development Authority

Kingston Downtown Development Authority

Murray-Whitfield Joint Development Authority

Lafayette Hospital Authority

Nashville Downtown Development Authority

Lafayette Housing Authority

Newnan Convention Center Authority

Lagrange Development Authority

Newton County Hospital Authority

Lamar County Public Facilities Authority

Newton County Industrial Development Authority

Land Bank Authority of Forsyth County/City of Cumming

Norcross Development Authority

Laurens County Solid Waste Management Authority

North Fulton Regional Radio System Authority

Lavonia Downtown Development Authority

North Georgia Solid Waste Management Authority

Liberty County Public Facilities Authority

Northwest Georgia Housing Authority

Lilburn Downtown Development Authority

Ocilla-Irwin County Industrial Development Authority

Lincoln County Development Authority

Ocmulgee Regional Joint Development Authority

Loganville Development Authority

Oglethorpe Downtown Development Authority

Lovejoy Development Authority

Okefenokee Area Development Authority

Lower Chattahoochee Regional Airport Authority

Palmetto Housing Authority

Lower Chattahoochee Regional Transportation Authority

Peach County Public Facilities Authority

Lula Development Authority

Peachtree City Water and Sewerage Authority

Lumpkin County Water & Sewerage Authority

Pelham Housing Authority

Lumpkin Downtown Development Authority

Perry Area Convention and Visitors Bureau Authority

Lyons Downtown Development Authority

Pickens County Water and Sewer Authority

Macon-Bibb County Community Enhancement Authority

Pierce County Hospital Authority

Macon-Bibb County Industrial Authority

Pike County Agribusiness Authority

Macon-Bibb County Urban Development Authority

Pike County Arts Facility Authority

Madison County Industrial Development and

Pike County Parks & Recreation Authority

Building Authority

Pike County Water and Sewerage Authority

Madison-Morgan County Airport Authority

Pine Lake Downtown Development Authority

Marion County Development Authority

Port Wentworth Downtown Development Authority

Marshallville Downtown Development Authority

Powder Springs Downtown Development Authority

McDonough Urban Redevelopment Agency

Quitman Development Authority

Mcpherson Local Implementing Redevelopment Authority Quitman Urban Redevelopment Authority

Medical Center Hospital Authority Meriwether County Hospital Authority

Quitman-Brooks County Airport Authority Rabun County Airport Authority

Meriwether County Industrial Development Authority

Rabun County Convention and Visitors Bureau Authority

Page A-8

Appendix A: Non-Respondent Governments

2025 Non-respondent Governments:

Rabun County Economic Development Authority

St. Marys Downtown Development Authority

Randolph County Development Authority

Stephens County Development Authority

Randolph County Water and Sewer Authority

Stephens County Hospital Authority

Redevelopment Authority of Clayton County

Stephens County School Building Authority

Reidsville Airport Authority

Stewart County Development Authority

Reidsville Housing Authority

Stockbridge Public Facilities Authority

Remerton Downtown Development Authority

Stonecrest Housing Authority

Residential Care Facilities for the Elderly Authority of

Sugar Hill Building Authority

Athens-Clarke County

Sumter County Livestock Authority

Residential Care Facilities for the Elderly Authority of

Swainsboro Emanuel County Parks and Recreation Authority

Lowndes County, Georgia

Tallulah Falls Downtown Development Authority

Residential Care Facilities for the Elderly Authority of

Tattnall County Industrial Development Authority

Whitfield County

Taylor County Airport Authority

Resource Recovery Development Authority of Columbus, Ga Taylor County Building Authority

Richmond County Hospital Authority

Taylor County Development Authority

Richmond Hill Convention and Visitors Bureau

Taylor County Waste Management Authority

Riverdale Downtown Development Authority

Taylor County Water and Sewerage Authority

Rochelle Housing Authority Rockdale County Water and Sewerage Authority

Telfair County Hospital Authority Telfair-Wheeler Airport Authority

Rockmart Development Authority

Telfair-Wheeler Joint Development Authority

Rome Building Authority

Telfair-Wheeler Joint E-911 Authority

Rome-Floyd County Land Bank Authority

Thomaston-Upson County Airport Authority

Rome-Floyd County Recreation Authority

Thomaston-Upson County Office Building Authority

Sandersville Downtown Development Authority

Thomasville Convention and Visitors Bureau

Sardis Development Authority

Thomasville Payroll Development Authority

Savannah Economic Development Authority

Tift County Hospital Authority

Schley Sumter Macon Webster Joint Development Authority Town of Braselton Public Facilities Authority

Scott Water and Sewer Authority

Town of Tyrone Public Facilities Authority

Screven County Development Authority

Treutlen County Development Authority

Screven County Hospital Authority

Treutlen County Hospital Authority

Screven County Public Facilities Authority

Tri-City Housing Authority

Smyrna Housing Authority

Troup County Development Authority

Solid Waste Management Authority of Crisp County

Troup County Public Facilities Authority

Solid Waste Management Authority of Franklin County, Georgia Troup Family Connection Authority

Solid Waste Management Authority of the City of

Turner County Development Authority

Lagrange, Georgia

Twiggs County Recreation Authority

South Cobb Redevelopment Authority

Tybee Island (Downtown) Development Authority

South Fulton Municipal Regional Jail Authority

Unadilla Arena and Tourism Authority

South Fulton Urban Redevelopment Agency

Union City Housing Authority

Southeast Georgia Consolidated Housing Authority

Union Point Housing Authority

Southeast Georgia Regional Development Authority

Upson County Water & Sewerage Authority

Southwest Georgia Regional Development Authority

Urban Redevelopment Agency of City of Clarkston

Southwest Georgia Technology Authority

Urban Redevelopment Agency of Euharlee, Georgia

Sparta-Hancock County Development Authority Sparta-Hancock Public Facilities Authority

Urban Redevelopment Agency of the City of Bainbridge, Georgia Urban Redevelopment Agency of the City of Chamblee

St. Marys Convention and Visitors Bureau Authority

Urban Redevelopment Agency of the City of Doraville

Page A-9

Appendix A: Non-Respondent Governments
2025 Non-respondent Governments:
Urban Redevelopment Agency of the City of Duluth Urban Redevelopment Agency of the City of Forest Park Urban Redevelopment Agency of the City of Jonesboro Urban Redevelopment Agency of the City of Kennesaw, Georgia Urban Redevelopment Agency of the City of Lovejoy, Georgia Urban Redevelopment Agency of the City of Stockbridge Urban Redevelopment Agency of the Town of Braselton Urban Redevelopment Agency of Tucker Urban Residential Finance Authority of the City of
Atlanta, Georgia Valdosta Housing Authority Valdosta-Lowndes County Airport Authority Valdosta-Lowndes County Conference Center and
Tourism Authority Valdosta-Lowndes County Industrial Authority Valdosta-Lowndes County Land Bank Authority Valley Partnership Joint Development Authority Walton County Hospital Authority Walton Industrial Building Authority Washington County Airport Authority Washington County Public Facilities Authority Waycross and Ware County Development Authority Waycross Convention and Visitors Bureau Authority Wayne County Industrial Development Authority Wayne County Public Facilities Authority Webster County Industrial Development Authority West Central Georgia Joint Development Authority West Georgia Joint Development Authority West Georgia Regional Water Authority West Point Development Authority West Point Lake Development Authority Whitfield County Public Facilities Authority Winder Downtown Development Authority Woodbine Downtown Development Authority Woodstock Area Convention and Visitors Bureau Authority Wrightsville Development Authority, Inc.

In total there were 906 entities that did not respond to our requests for information.

Cities

161

Counties

17

Consolidated Governments

2

Regional Commissions

1

Local Boards of Education

74

Local Authorities

651

Page A-10

Appendix B: Investment Portfolio Breakdown of Single Employer Defined Benefit Plans

Cities Albany Alpharetta Atlanta General Employees/BOE Atlanta Firefighters Atlanta Police Officers Bloomingdale Brunswick Clayton Covington Dalton Decatur Doraville East Point Gainesville Marietta Milledgeville Moultrie Peachtree City Savannah Thomasville
Counties Chatham County Clayton County Cobb County Coweta County DeKalb County Dougherty County Forsyth County Fulton County Glynn County Gwinnett County Walker County

Most Recent As Mutual Funds/ Exchange Traded

of

Similar Asset Pools

Funds

Alternative Investments

Investments in U.S. and Canadian Corporations or Obligations of Corporations

Corporations or Obligations of Corporations organized in a country other than the United States or Canada

U.S. Government Repurchase and Reverse Repurchase Agreements for
Direct Obligations

U.S. Government Bonds, Notes, and
Warrants

U.S. Government Guaranteed
Loans

State Taxable

Bonds, Notes, or Subtotal to Page

Warrants

B-2

8/27/2024 6/30/2024 8/31/2024 8/31/2024 8/31/2024 10/7/2024 6/30/2024 Not Submitted 6/30/2024 6/30/2024 10/1/2024 6/30/2024 9/30/2024 6/30/2024 6/30/2023 Not Submitted 9/30/2023 8/30/2024 12/31/2023 12/31/2023

24.00 94.79 86.30 93.80 96.20
45.70 100.00 70.05 55.00 55.90 90.90 22.42
46.10 46.90 35.40

21.00 9.30 2.90 1.70 100.00
29.95

0.60 0.70 1.20 0.90
10.90
6.10 7.00

27.80

6.20

5.90

4.40

4.30

49.00
60.20 26.50
21.60 54.88 62.00 19.60 14.40 55.70

22.70 0.80

3.00
37.00 21.00 9.60 0.20

97.00 95.39 96.30 97.90 98.80 100.00 60.20 0.00 83.10 100.00 100.00 92.00 83.60 97.90 100.00 0.00 83.00 99.70 82.00 95.60

6/30/2024

58.60

0.20

29.30

6/30/2023

93.62

4.56

7/31/2024

63.18

8/30/2024

53.40

10.60

9/30/2024

73.80

9/30/2024

100.00

9/30/2024

100.00

6/30/2024

40.00

5.00

5.00

29.00

6/30/2024

93.49

12/31/2023

20.00

42.00

9/30/2024

47.68

0.26
1.00 4.01 13.00

4.30

5.10

3.55

9.60

4.50

2.00 5.00

92.40

98.18

0.06

72.15

0.30

73.90

78.30

100.00

100.00

82.00

97.50

80.00

47.68

Page B-1

Appendix B: Investment Portfolio Breakdown of Single Employer Defined Benefit Plans

Cities Albany Alpharetta Atlanta General Employees/BOE Atlanta Firefighters Atlanta Police Officers Bloomingdale Brunswick Clayton Covington Dalton Decatur Doraville East Point Gainesville Marietta Milledgeville Moultrie Peachtree City Savannah Thomasville
Counties Chatham County Clayton County Cobb County Coweta County DeKalb County Dougherty County Forsyth County Fulton County Glynn County Gwinnett County Walker County

Subtotal from Page B-1

Bonds, notes, warrants, and other securities not in default which are Bonds, Debentures, or
the direct obligations of the other securities issued or government of any foreign country insured or guaranteed by the International Monetary Fund any U.S. agency, authority,
lists as an industrialized country unit, or corporate body

Collaterized mortgage obligations that are listed as
investment grade by a nationally recognized rating
agency

Bonds, Debentures, Notes, and other evidence of indebtedness issued,
assumed, or guaranteed by any U.S. or Canadian solvent institution

Mortgage or mortgage
participations

Real Estate Investment
Trusts

Cash and cash
Equivalents

Other

97.00 95.39 96.30 97.90 98.80 100.00 60.20 0.00 83.10 100.00 100.00 92.00 83.60 97.90 100.00 0.00 83.00 99.70 82.00 95.60

2.00 31.00 16.10
7.40

13.40
4.00 0.10

1.00

3.80

0.81

2.70

1.00

1.50

0.60

0.90

0.30

8.80

0.80

8.00 3.00 2.10

4.00

9.00

0.30

9.80

0.70

0.20

4.20

Total
100.00 100.00 100.00 100.00 100.00 100.00 100.00
0.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
0.00 100.00 100.00 100.00 100.00

92.40

98.18

72.15

73.90

78.30

5.90

100.00

100.00

82.00

1.00

97.50

80.00

9.00

47.68

0.68

9.60

11.40

0.10

4.00

4.00

6.00

6.80

0.80

1.82

0.33

1.84

5.10

0.80

6.00 2.50

25.00 14.90
3.00 5.00 52.32

100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

Page B-2

Appendix B: Investment Portfolio Breakdown of Single Employer Defined Benefit Plans

Consolidated Governments Athens/Clarke County Augusta/Richmond County - 1945 Augusta/Richmond County - 1949 Columbus-Muscogee County Macon-Bibb County Macon-Bibb County Division A Macon-Bibb County Fire and Police Ret. System

Most Recent Mutual Funds/

Exchange

As of Similar Asset Pools Traded Funds

Alternative Investments

Investments in U.S. and Canadian Corporations or Obligations of Corporations

Corporations or Obligations of Corporations organized in a country other than the United States or Canada

U.S. Government Repurchase and Reverse Repurchase Agreements for
Direct Obligations

U.S. Government Bonds, Notes, and
Warrants

U.S. Government Guaranteed Loans

State Taxable

Bonds, Notes, or Subtotal to Page

Warrants

B-2

6/30/2024 12/31/2023 12/31/2023
7/31/2024 6/30/2024 6/30/2024 6/30/2024

31.42 21.60 12.50 12.00 35.56 37.13 52.31

66.65

1.88

25.00

22.15

17.91

4.76

19.94

48.50 54.70 34.00 7.78 8.05 4.60

13.00 6.00

22.10 12.50 9.00 10.73 15.31 6.42

99.95 92.20 92.70 86.00 76.22 83.16 83.27

Local Boards of Education Fulton County Board of Education Gwinnett County Board of Education Polk County Board of Education City of Atlanta Board of Education (Superintendent)

6/30/2023 12/31/2023
9/5/2024 6/30/2024

96.50
95.00 97.30

3.50

63.00

4.00

20.00

10.00

100.00 97.00 95.00 97.30

Regional Commissions Southwest Georgia Regional Commission

8/31/2022

36.00

36.00

72.00

Local Authorities

Austell Gas System

5/31/2024

7.00

28.00

Carroll County Water Authority

8/30/2024

82.00

Cobb County-Marietta Water Authority

12/31/2023

39.80

19.30

Fulton-DeKalb Hospital Authority

12/31/2023

13.07

56.96

6.57

Hospital Authority of Floyd County

12/31/2023

96.10

Hospital Authority of Valdosta and Lowndes

County, Georgia

12/31/2023

Hospital Authority of Washington County

Not Submitted

Lagrange-Troup County Hospital Authority

8/31/2024

100.00

Macon Water Authority

8/22/2024

2.40

15.30

1.60

Macon-Bibb County Transit Authority

8/29/2024

17.00

33.00

Metropolitan Atlanta Rapid Transit Authority -

ATU Local 732 Union

7/31/2024

52.06

1.25

Metropolitan Atlanta Rapid Transit Authority -

Non-Represented

6/30/2024

52.20

Newnan Water, Sewer and Light Commission

12/31/2023

99.00

Polk County Water, Sewage and Solid Waste Authority

10/3/2024

45.00

37.00

Walker County Water and Sewerage Authority

9/30/2024

58.38

20.00 15.20 0.61
65.00
60.40 16.00 30.55 14.50

2.70 22.00
15.34 0.40

10.10 2.50
9.00
2.80 22.00
8.50

18.00 5.30

73.00 82.00 92.40 79.71 96.10

96.00

0.00

100.00

5.10

87.60

8.00

96.00

99.20

0.20

75.80

99.00

82.00

58.38

Page B-3

Appendix B: Investment Portfolio Breakdown of Single Employer Defined Benefit Plans

Consolidated Governments Athens/Clarke County Augusta/Richmond County - 1945 Augusta/Richmond County - 1949 Columbus-Muscogee County Macon-Bibb County Macon-Bibb County Division A Macon-Bibb County Fire and Police Ret. System

Subtotal from Page B-1

Bonds, Debentures, or other securities issued or insured or guaranteed by any U.S. agency, authority, unit, or corporate body

Collaterized mortgage obligations that are listed as
investment grade by a nationally recognized rating
agency

Bonds, Debentures, Notes, and other evidence of indebtedness issued,
assumed, or guaranteed by any U.S. or Canadian solvent institution

Mortgage or mortgage
participations

Real Property

Real Estate Cash and

Investment

cash

Trusts Equivalents

Other

99.95

92.20

92.70

86.00

76.22

16.68

3.76

83.16

10.36

5.00

83.27

5.75

7.06

0.05

3.50

4.30

1.10

3.20

3.00

4.00

1.00

9.00

3.34

1.48

3.92

Local Boards of Education Fulton County Board of Education Gwinnett County Board of Education Polk County Board of Education City of Atlanta Board of Education (Superintendent)

100.00 97.00 95.00 97.30

2.00

1.00

5.00

2.70

Regional Commissions

Southwest Georgia Regional Commission

72.00

22.00

6.00

Local Authorities Austell Gas System Carroll County Water Authority Cobb County-Marietta Water Authority Fulton-DeKalb Hospital Authority Hospital Authority of Floyd County Hospital Authority of Valdosta and Lowndes
County, Georgia Hospital Authority of Washington County Lagrange-Troup County Hospital Authority Macon Water Authority Macon-Bibb County Transit Authority Metropolitan Atlanta Rapid Transit Authority -
ATU Local 732 Union Metropolitan Atlanta Rapid Transit Authority -
Non-Represented Newnan Water, Sewer and Light Commission Polk County Water, Sewage and Solid Waste Authority Walker County Water and Sewerage Authority

73.00 82.00 92.40 79.71 96.10
96.00 0.00 100.00 87.60 96.00
99.20
75.80 99.00 82.00 58.38

18.00 17.00
1.46

0.74 1.00 7.10
10.70

9.00

1.00

0.30

1.20

6.10

2.60

1.44

14.05

3.90

3.00

5.30 4.00

0.80

4.50

0.80

8.20

1.00

18.00

41.62

Total
100.00 100.00 100.00 100.00 100.00 100.00 100.00
100.00 100.00 100.00 100.00
100.00
100.00 100.00 100.00 100.00 100.00
100.00 0.00
100.00 100.00 100.00
100.00
100.00 100.00 100.00 100.00

Page B-4

Appendix C-1: Listing of Local Retirement Plans - By Entity Name

NAME OF GOVERNMENT

ADMINISTRATOR

ACTUARIAL VALUE OF PLAN ASSETS

CITIES

Abbeville Retirement Plan, City of Acworth Retirement Plan, City of Adairsville Retirement Plan, City of Adel Retirement Plan, City of Alamo Retirement Plan, City of Albany Retirement Plan, City of Alma Retirement Plan, City of Alpharetta Retirement Plan, City of Americus Retirement Plan, City of Aragon Retirement Plan, City of Ashburn Retirement Plan, City of Atlanta Firefighter's Pension Fund Atlanta General Employees Pension Fund
General Employees of the City of Atlanta Employees of the Atlanta Board of Education Atlanta Police Officer's Pension Fund Attapulgus Retirement Plan, City of Auburn Retirement Plan, City of Austell Retirement Plan, City of Avondale Estates Retirement Plan, City of Bainbridge Retirement Plan, City of Ball Ground Retirement Plan, City of Barnesville Retirement Plan, City of Baxley Retirement Plan, City of Berlin Retirement Plan, City of Blackshear Retirement Plan, City of Blairsville Retirement Plan, City of
Blakely Retirement Plan, City of
Blakely-Early County Department of Recreation Retirement Plan Bloomingdale Retirement Plan, City of Blue Ridge Retirement Plan, City of Bowdon Retirement Plan, City of Bowman Retirement Plan, City of Braselton Retirement Plan, City of Bremen Retirement Plan, City of Brooklet Retirement Plan, City of Broxton Retirement Plan, City of Brunswick Retirement Plan, City of Buchanan Retirement Plan, City of Buena Vista Retirement Plan, City of

GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS Single-Employer GMEBS GMEBS GMEBS Single-Employer Single-Employer
Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS

413,887 17,103,665
4,682,413 19,974,547
585,563 131,944,955
4,764,136 100,839,134
16,697,162 639,028
2,540,925 850,854,625
1,498,446,332 276,172,469
1,412,951,452 338,991
2,734,957 14,960,949
2,823,905 12,596,996
586,809 10,674,915
5,315,407 166,188
2,156,576 2,921,686
7,193,691
161,257 2,113,870 2,224,709 2,540,855
332,018 730,264 4,654,972 432,574 307,440 14,717,716 821,250 1,743,319

Page C1-1

ACTUARIAL ACCRUED LIABILITY
374,862 20,616,700
5,359,260 19,967,759
393,848 220,907,475
5,262,130 124,073,102
19,899,971 314,555
2,822,225 1,180,811,002
2,075,252,248 503,077,806
1,872,160,083 280,891
2,947,177 18,787,331
3,288,485 15,630,194
769,473 11,904,176
5,493,716 162,242
2,285,401 3,431,121 8,272,204
130,717 2,544,614 2,746,080 2,614,058
390,385 3,436,679 4,504,254
285,038 354,119 23,565,450 986,247 1,377,073

FUNDED RATIO
110.41% 82.96% 87.37%
100.03% 148.68%
59.73% 90.54% 81.27% 83.91% 203.15% 90.03% 72.06%
72.21% 54.90% 75.47% 120.68% 92.80% 79.63% 85.87% 80.59% 76.26% 89.67% 96.75% 102.43% 94.36% 85.15% 86.96% 123.36% 83.07% 81.01% 97.20% 85.05% 21.25% 103.35% 151.76% 86.82% 62.45% 83.27% 126.60%

Appendix C-1: Listing of Local Retirement Plans - By Entity Name

NAME OF GOVERNMENT Buford Retirement Plan, City of Butler Retirement Plan, City of Byron Retirement Plan, City of Cairo Retirement Plan, City of Calhoun Retirement Plan, City of Calhoun Retirement Plan, City of Camilla Retirement Plan, City of Canon Retirement Plan, City of Canton Retirement Plan, City of Carnesville Retirement Plan, City of Carrollton Retirement Plan, City of Cartersville Retirement Plan I, City of *4 Cartersville Retirement Plan II, City of *4 Cave Spring Retirement Plan, City of Cedartown Retirement Plan, City of Centerville Retirement Plan, City of Chamblee Retirement Plan, City of Chatsworth Retirement Plan, City of Chester Retirement Plan, City of Chickamauga Retirement Plan, City of Clarkesville Retirement Plan, City of Clarkston Retirement Plan, City of Claxton Retirement Plan, City of Clayton Retirement Plan, City of *3 Cleveland Retirement Plan, City of Cochran Retirement Plan, City of College Park Retirement Plan, City of Colquitt Retirement Plan, City of Comer Retirement Plan, City of Commerce Retirement Plan, City of Conyers Retirement Plan, City of Cordele Retirement Plan, City of Cornelia Retirement Plan, City of Covington Retirement Plan, City of Cumming Retirement Plan, City of Cuthbert Retirement Plan, City of Dacula Retirement Plan, City of Dahlonega Retirement Plan, City of Dallas Retirement Plan, City of Dalton Retirement Plan, City of Danielsville Retirement Plan, City of Darien Retirement Plan, City of

ADMINISTRATOR GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS

ACTUARIAL
VALUE OF
PLAN ASSETS 26,036,742 1,091,058 10,000,459 16,518,163 20,144,377 *2 8,309,228 246,865 16,350,668 282,220 36,642,443 68,516,180 2,638,657 753,194 15,366,998 7,721,821 19,317,019 3,423,754 170,675 2,566,501 2,255,992 5,924,120 3,355,712 *3 2,258,007 4,679,839 87,761,655 3,040,845 372,613 12,558,022 26,530,007 12,870,806 5,973,682 60,978,547 24,689,596 2,047,878 1,313,103 8,114,239 6,273,001
138,994,823 283,531
2,114,704

Page C1-2

ACTUARIAL
ACCRUED
LIABILITY 28,747,378 1,040,742 11,550,854 17,653,867 21,610,097 *2 9,188,177 309,481 20,500,261 391,883 51,734,334 62,852,924 684,272 955,129 21,449,786 7,956,287 21,251,226 3,492,529 206,588 3,485,488 2,631,547 7,353,569 4,154,680 *3 2,485,648 4,764,705
121,984,859 3,738,984 280,235
11,348,714 33,005,482 15,864,836
7,224,448 79,910,019 26,452,640
1,822,049 1,683,422 8,599,049 8,660,888 157,559,549
237,410 2,205,567

FUNDED
RATIO 90.57%
104.83% 86.58% 93.57% 93.22%
*2 90.43% 79.77% 79.76% 72.02% 70.83%
109.01% 385.62%
78.86% 71.64% 97.05% 90.90% 98.03% 82.62% 73.63% 85.73% 80.56% 80.77% *3 90.84% 98.22% 71.94% 81.33% 132.96% 110.66% 80.38% 81.13% 82.69% 76.31% 93.34% 112.39% 78.00% 94.36% 72.43% 88.22% 119.43% 95.88%

Appendix C-1: Listing of Local Retirement Plans - By Entity Name

NAME OF GOVERNMENT Davisboro Retirement Plan, City of Dawson Retirement Plan, City of Dawsonville Retirement Plan, City of Decatur Retirement Plan, City of Demorest Retirement Plan, City of Doerun Retirement Plan, City of Donalsonville Retirement Plan, City of Doraville Retirement Plan, City of Douglas Retirement Plan, City of Douglasville Retirement Plan, City of Dublin Retirement Plan, City of Duluth Retirement Plan, City of East Ellijay Retirement Plan, City of East Point Retirement Plan, City of Eastman Retirement Plan, City of Eatonton Retirement Plan, City of Elberton Retirement Plan, City of Ellaville Retirement Plan, City of Ellijay Retirement Plan, City of Emerson Retirement Plan, City of Enigma Retirement Plan, City of Fairburn Retirement Plan, City of Fayetteville Retirement Plan, City of Fitzgerald Retirement Plan, City of Flowery Branch Retirement Plan, City of Forsyth Retirement Plan, City of Fort Oglethorpe Retirement Plan, City of Fort Valley Retirement Plan, City of Franklin Retirement Plan, City of Gainesville Retirement Plan A, City of Gainesville Retirement Plan, City of Garden City Retirement Plan, City of Gibson Retirement Plan, City of Glennville Retirement Plan, City of Gordon Retirement Plan, City of Grantville Retirement Plan, City of Gray Retirement Plan, City of Greensboro Retirement Plan, City of Greenville Retirement Plan, City of Griffin Retirement Plan, City of Grovetown Retirement Plan, City of Guyton Retirement Plan, City of

ADMINISTRATOR GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS

ACTUARIAL
VALUE OF
PLAN ASSETS 611,434
4,305,277 840,158
52,713,630 1,833,195 867,695 3,947,043
19,212,253 39,885,429 41,840,378 32,369,655 17,003,957
1,534,256 164,462,695
4,431,885 5,090,821 23,410,721 1,238,413 1,157,226 1,227,566
189,273 18,811,494 25,109,099 14,339,331
1,631,041 7,102,218 9,859,107 4,944,116
780,509 128,422,363
8,441,743 11,200,413
125,654 2,526,478 2,201,641
168,341 1,735,425 4,864,149
753,469 82,481,884
4,851,295 634,996

Page C1-3

ACTUARIAL
ACCRUED
LIABILITY 664,883
5,030,586 1,016,717 61,746,766 2,134,198
811,511 4,803,439 25,879,345 42,777,143 52,069,729 39,933,963 15,142,464 1,229,038 160,461,914 5,780,440 5,182,501 24,407,351 1,813,521 1,042,495 1,427,677
178,772 19,985,624 32,923,582 16,457,997
2,687,435 8,860,621 11,908,598 5,577,894 1,051,926 192,326,002 9,364,688 16,452,850
80,062 2,788,366 2,298,085
478,341 2,886,329 6,859,842
784,893 105,010,754
5,043,155 629,150

FUNDED
RATIO 91.96% 85.58% 82.63% 85.37% 85.90%
106.92% 82.17% 74.24% 93.24% 80.35% 81.06%
112.29% 124.83% 102.49%
76.67% 98.23% 95.92% 68.29% 111.01% 85.98% 105.87% 94.13% 76.26% 87.13% 60.69% 80.15% 82.79% 88.64% 74.20% 66.77% 90.14% 68.08% 156.95% 90.61% 95.80% 35.19% 60.13% 70.91% 96.00% 78.55% 96.20% 100.93%

Appendix C-1: Listing of Local Retirement Plans - By Entity Name

NAME OF GOVERNMENT Hagan Retirement Plan, City of Hahira Retirement Plan, City of Hampton Retirement Plan, City of Hapeville Retirement Plan, City of Harlem Retirement Plan, City of Hartwell Retirement Plan, City of Hawkinsville Retirement Plan, City of Hazlehurst Retirement Plan, City of Hephzibah Retirement Plan, City of Hiawassee Retirement Plan, City of Hinesville Retirement Plan, City of Hiram Retirement Plan, City of Hogansville Retirement Plan, City of Holly Springs Retirement Plan, City of Jackson Retirement Plan, City of Jasper Retirement Plan, City of Jefferson Retirement Plan, City of Jeffersonville Retirement Plan, City of Jesup Retirement Plan, City of Jonesboro Retirement Plan, City of Kennesaw Retirement Plan, City of Kingsland Retirement Plan, City of LaFayette Retirement Plan, City of LaGrange Retirement Plan, City of Lake City Retirement Plan, City of Lake Park Retirement Plan, City of Lakeland Retirement Plan, City of Lavonia Retirement Plan, City of Leesburg Retirement Plan, City of Lenox Retirement Plan, City of Lincolnton Retirement Plan, City of Lithonia Retirement Plan, City of Locust Grove Retirement Plan, City of Loganville Retirement Plan, City of Lookout Mountain Retirement Plan, City of Louisville Retirement Plan, City of Lovejoy Retirement Plan, City of Lumpkin Retirement Plan, City of Lyons Retirement Plan, City of Madison Retirement Plan, City of Manchester Retirement Plan, City of Marietta Retirement Plan, City of

ADMINISTRATOR GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer

ACTUARIAL
VALUE OF
PLAN ASSETS 364,957
1,283,791 5,471,837 24,314,379 2,554,316 7,064,244 3,557,577 4,264,729 1,078,772 1,509,758 25,189,368 1,685,197 2,859,070 3,709,556 8,131,652 4,988,228 8,802,918
282,070 13,053,416
3,190,238 25,638,423 16,702,456 15,044,103 54,078,387
3,714,003 683,954 232,293
4,437,995 1,757,985
862,172 548,839 773,203 4,275,190 21,240,057 1,796,035 3,317,021 1,167,137 629,291 3,056,716 13,751,831 5,762,556 135,714,765

Page C1-4

ACTUARIAL
ACCRUED
LIABILITY 273,245
1,431,160 6,291,937 35,210,653 2,994,700 8,229,237 3,630,692 3,995,790 1,124,884 1,170,020 28,541,829 1,646,984 2,978,565 4,064,642 8,284,685 7,224,416 8,385,241
370,492 15,637,944
3,153,583 30,869,719 17,155,894 16,008,342 63,611,144
3,348,501 814,273 565,637
4,965,910 2,014,286 1,024,427
701,709 616,991 5,805,240 23,346,543 1,915,153 3,388,320 1,791,713 721,638 2,980,247 15,520,496 6,451,853 206,890,407

FUNDED
RATIO 133.56% 89.70% 86.97% 69.05% 85.29% 85.84% 97.99% 106.73% 95.90% 129.04% 88.25% 102.32% 95.99% 91.26% 98.15% 69.05% 104.98% 76.13% 83.47% 101.16% 83.05% 97.36% 93.98% 85.01% 110.92% 84.00% 41.07% 89.37% 87.28% 84.16% 78.21% 125.32% 73.64% 90.98% 93.78% 97.90% 65.14% 87.20% 102.57% 88.60% 89.32% 65.60%

Appendix C-1: Listing of Local Retirement Plans - By Entity Name

NAME OF GOVERNMENT Marshallville Retirement Plan, City of McDonough Retirement Plan, City of McRae-Helena Retirement Plan, City of Menlo Retirement Plan, City of Midville Retirement Plan, City of Midway Retirement Plan, City of Milledgeville Retirement Plan, City of *3 Millen Retirement Plan, City of Milton Retirement Plan, City of Monroe Retirement Plan, City of Montezuma Retirement Plan, City of Monticello Retirement Plan, City of Morrow Retirement Plan, City of Moultrie Retirement Plan, City of Mount Airy Retirement Plan, City of Mount Vernon Retirement Plan, City of Mount Zion Retirement Plan, City of Nahunta Retirement Plan, City of Nashville Retirement Plan, City of Newnan Retirement Plan, City of Nicholls Retirement Plan, City of Nicholson Retirement Plan, City of Norcross Retirement Plan, City of Oakwood Retirement Plan, City of Ocilla Retirement Plan, City of Oglethorpe Retirement Plan, City of Oxford Retirement Plan, City of Palmetto Retirement Plan, City of Patterson Retirement Plan, City of Peachtree City Retirement Plan, City of Pelham Retirement Plan, City of Pembroke Retirement Plan, City of Pendergrass Retirement Plan, City of *1 Perry Retirement Plan, City of Pine Mountain Retirement Plan, City of Pooler Retirement Plan, City of Port Wentworth Retirement Plan, City of Portal Retirement Plan, City of Powder Springs Retirement Plan, City of Quitman Retirement Plan, City of Reidsville Retirement Plan, City of Remerton Retirement Plan, City of

ADMINISTRATOR GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS

ACTUARIAL
VALUE OF
PLAN ASSETS 339,289
16,722,493 3,943,498 243,101 181,943 1,112,463 *3 3,655,419
14,417,614 32,211,068
4,319,565 3,470,622 19,173,879 12,557,058
959,310 1,269,302
514,364 559,806 3,155,067 29,199,445 885,389 266,707 16,057,092 5,249,260 1,831,694 1,077,346 1,119,879 4,573,684 289,652 49,647,701 4,206,961 1,925,335
3,099 12,627,884
1,227,750 27,963,660
9,576,165 294,533
5,683,520 3,979,855 1,152,936 1,468,638

Page C1-5

ACTUARIAL
ACCRUED
LIABILITY 365,565
21,434,214 3,817,159 276,828 146,709 1,269,598 *3 3,581,668
16,354,009 39,043,329
4,601,109 3,633,729 20,193,668 13,930,031
992,484 1,305,298
595,565 704,967 3,258,624 37,970,841 855,551 280,233 18,268,756 7,034,116 2,910,141 940,160 1,138,954 4,868,652 249,731 62,116,621 4,394,595 2,045,460
12,497 11,617,481
1,441,658 34,971,798 10,099,691
391,137 6,185,538 4,224,481 1,270,702 2,063,514

FUNDED
RATIO 92.81% 78.02%
103.31% 87.82%
124.02% 87.62%
*3 102.06%
88.16% 82.50% 93.88% 95.51% 94.95% 90.14% 96.66% 97.24% 86.37% 79.41% 96.82% 76.90% 103.49% 95.17% 87.89% 74.63% 62.94% 114.59% 98.33% 93.94% 115.99% 79.93% 95.73% 94.13% 24.80% 108.70% 85.16% 79.96% 94.82% 75.30% 91.88% 94.21% 90.73% 71.17%

Appendix C-1: Listing of Local Retirement Plans - By Entity Name

NAME OF GOVERNMENT Reynolds Retirement Plan, City of Riceboro Retirement Plan, City of Richmond Hill Retirement Plan, City of Rincon Retirement Plan, City of Riverdale Retirement Plan, City of *1 Roberta Retirement Plan, City of Rochelle Retirement Plan, City of Rockmart Retirement Plan, City of Rome Retirement Plan, City of Rossville Retirement Plan, City of Roswell Retirement Plan, City of Royston Retirement Plan, City of Sandersville Retirement Plan, City of Savannah Employees' Retirement Plan, City of Savannah Pension Plan 2 Senoia Retirement Plan, City of Sky Valley Retirement Plan, City of Smithville Retirement Plan, City of Smyrna Retirement Plan, City of Snellville Retirement Plan, City of Social Circle Retirement Plan, City of Soperton Retirement Plan, City of Springfield Retirement Plan, City of St. Marys Retirement Plan, City of Statesboro Retirement Plan, City of Stockbridge Retirement Plan, City of Stone Mountain Retirement Plan, City of Sugar Hill Retirement Plan, City of Summerville Retirement Plan, City of Suwanee Retirement Plan, City of Swainsboro Retirement Plan, City of Sylvania Retirement Plan, City of Sylvester Retirement Plan, City of Tallapoosa Retirement Plan, City of Temple Retirement Plan, City of Tennille Retirement Plan, City of Thomaston Retirement Plan, City of Thomasville Retirement Plan, City of Thomson Retirement Plan, City of Thunderbolt Retirement Plan, City of Tifton Retirement Plan, City of Toccoa Retirement Plan, City of

ADMINISTRATOR GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS

ACTUARIAL
VALUE OF
PLAN ASSETS 744,933 602,430
12,099,832 2,916,476 4,000,000 885,543 1,100,735 8,635,230
86,024,218 2,071,506
104,968,220 2,555,802 8,527,944
485,463,429 *2 2,014,894 802,707 331,602 61,874,662 2,590,743 4,777,871 503,759 1,166,195 1,333,440 36,945,888 11,686,142 5,474,147 5,623,588 13,545,740 17,338,914 9,215,473 7,146,660 9,006,543 5,591,328 1,171,599 1,172,271 10,480,882 43,449,291 9,314,075 1,658,638 29,298,862 24,647,024

Page C1-6

ACTUARIAL
ACCRUED
LIABILITY 769,016 710,393
13,784,646 3,104,281 6,005,478 1,107,604 1,206,793
10,523,816 106,906,587
2,460,832 130,694,888
3,256,658 10,182,067 603,384,929 *2
3,383,471 917,790 390,920
78,516,761 1,001,631 5,222,027 671,358 1,325,080 1,451,176
44,978,146 13,128,078
5,158,308 5,980,299 13,625,951 10,805,154 7,652,528 8,185,525 12,439,455 4,786,607 1,459,244
820,033 12,859,055 41,445,657 10,627,805
2,306,309 30,355,086 24,423,788

FUNDED
RATIO 96.87% 84.80% 87.78% 93.95% 66.61% 79.95% 91.21% 82.05% 80.47% 84.18% 80.32% 78.48% 83.75% 80.46%
*2 59.55% 87.46% 84.83% 78.80%
258.65% 91.49% 75.04% 88.01% 91.89% 82.14% 89.02%
106.12% 94.04% 99.41%
160.47% 120.42%
87.31% 72.40% 116.81% 80.29% 142.95% 81.51% 104.83% 87.64% 71.92% 96.52% 100.91%

Appendix C-1: Listing of Local Retirement Plans - By Entity Name

NAME OF GOVERNMENT Trion Retirement Plan, City of Tybee Island Retirement Plan, City of Tyrone Retirement Plan, City of Union City Retirement Plan, City of Union Point Retirement Plan, City of Valdosta Retirement Plan, City of Vidalia Retirement Plan, City of Vienna Retirement Plan, City of Villa Rica Retirement Plan, City of Wadley Retirement Plan, City of Waleska Retirement Plan, City of Walthourville Retirement Plan, City of Warm Springs Retirement Plan, City of Warner Robins Retirement Plan, City of Warrenton Retirement Plan, City of Washington Retirement Plan, City of Waycross Retirement Plan, City of Waynesboro Retirement Plan, City of West Point Retirement Plan, City of Whigham Retirement Plan, City of White Retirement Plan, City of Whitesburg Retirement Plan, City of Willacoochee Retirement Plan, City of Winder Retirement Plan, City of Woodbine Retirement Plan, City of Woodbury Retirement Plan, City of Woodstock Retirement Plan, City of Wrens Retirement Plan, City of Wrightsville Retirement Plan, City of

ADMINISTRATOR GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS

ACTUARIAL
VALUE OF
PLAN ASSETS 7,801,533
11,963,481 3,033,625
26,219,989 1,244,345
55,874,464 8,705,223 4,577,490 8,708,673 1,503,384 173,115 788,662 401,705
130,366,611 1,346,295 8,556,348
26,544,304 4,208,496 8,940,212 468,794 482,851 609,047 872,697
20,535,642 1,606,416 870,946
19,292,680 2,725,428 692,213

Combined Cities

7,985,035,513

COUNTIES
Appling County Pension Plan Bacon County Pension Plan Baldwin County Pension Plan Banks County Pension Plan Barrow County Pension Plan Bartow County Pension Plan Ben Hill County Pension Plan Bleckley County Pension Plan Brooks County Pension Plan Bryan County Pension Plan

ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG

15,171,283 2,415,050
28,417,826 763,344
41,099,461 111,193,934
6,985,400 3,713,385 4,682,758 18,684,743

Page C1-7

ACTUARIAL ACCRUED LIABILITY
7,217,946 14,357,341
3,513,076 33,098,973
1,294,322 108,120,081
9,374,383 4,877,502 10,010,295 1,281,071
153,567 806,680 374,735 148,757,651 1,032,762 9,306,456 30,829,575 4,801,586 11,626,921 508,868 448,854 678,566 1,020,510 25,642,472 1,240,573 977,689 23,411,093 3,081,265 668,931
10,455,035,379
17,296,784 2,716,462
46,066,874 763,362
51,585,299 158,752,554
8,129,782 4,548,543 5,882,148 25,260,979

FUNDED RATIO
108.09% 83.33% 86.35% 79.22% 96.14% 51.68% 92.86% 93.85% 87.00%
117.35% 112.73%
97.77% 107.20%
87.64% 130.36%
91.94% 86.10% 87.65% 76.89% 92.12% 107.57% 89.76% 85.52% 80.08% 129.49% 89.08% 82.41% 88.45% 103.48%
76.38%
87.71% 88.90% 61.69% 100.00% 79.67% 70.04% 85.92% 81.64% 79.61% 73.97%

Appendix C-1: Listing of Local Retirement Plans - By Entity Name

NAME OF GOVERNMENT Bulloch County Pension Plan *1 Burke County Pension Plan Butts County Pension Plan Carroll County Pension Plan Charlton County Pension Plan Chatham County Employees' Retirement Plan Cherokee County Pension Plan Clayton County Pension Plan Clinch County Pension Plan Cobb County Board of Commissioners Retirement Income Plan Coffee County Pension Plan Colquitt County Pension Plan Coweta County Pension Plan Crawford County Pension Plan Crisp County Pension Plan Dawson County Pension Plan Decatur County Pension Plan DeKalb County Pension Plan Dodge County Pension Plan Dooly County Pension Plan Dougherty County Pension Plan Douglas County Pension Plan Douglas County Employee Defined Benefit Plan Early County Pension Plan Elbert County Pension Plan Evans County Pension Plan Fannin County Pension Plan Fayette County Pension Plan Floyd County Pension Plan Forsyth County Defined Benefit Plan Franklin County Pension Plan Fulton County Employees' Pension Plan Glynn County Board of Commissioners Pension Plan Gordon County Pension Plan *1 Grady County Pension Plan Greene County Pension Plan Gwinnett County Pension Plan Habersham County Pension Plan Hall County Pension Plan Hancock County Pension Plan Haralson County Pension Plan Harris County Pension Plan

ADMINISTRATOR ACCG ACCG ACCG ACCG ACCG Single-Employer ACCG Single-Employer ACCG Single-Employer ACCG ACCG Single-Employer ACCG ACCG ACCG ACCG Single-Employer ACCG ACCG Single-Employer ACCG Single-Employer ACCG ACCG ACCG ACCG ACCG ACCG Single-Employer ACCG Single-Employer Single-Employer ACCG ACCG ACCG Single-Employer ACCG ACCG ACCG ACCG ACCG

ACTUARIAL
VALUE OF
PLAN ASSETS 17,440,450 33,676,461 18,780,927 1,796,600 6,688,820
366,823,621 162,611,754 526,413,749
1,273,443 979,099,535
18,702,559 23,134,630 90,500,226
3,899,162 25,825,638
7,302,245 15,538,954 1,574,947,843
1,084,253 4,783,253 71,939,401 110,173,889 *2 7,886,083 23,282,911 3,380,000 17,504,629 66,637,265 80,017,320 23,428,094 15,725,960 1,511,804,295 128,488,877 10,104,294 5,361,758 10,965,990 1,363,114,000 13,492,110 47,478,305 7,097,066 10,199,123 21,114,461

Page C1-8

ACTUARIAL
ACCRUED
LIABILITY 25,808,234 50,051,606 30,000,359 2,705,916 7,487,354
404,321,185 266,725,638 862,383,870
1,018,195 1,595,811,297
21,577,410 27,286,008 140,695,332
4,323,999 33,367,497 10,097,672 18,462,717 2,714,778,631
1,212,863 8,522,928 82,048,526 172,220,630 *2 9,796,773 23,374,626 2,720,420 21,517,838 93,912,027 112,356,492 22,347,615 16,562,600 1,900,927,933 160,265,335 14,379,878 5,933,927 13,615,123 1,680,063,825 15,485,280 49,088,447 8,822,342 10,288,090 29,310,298

FUNDED
RATIO 67.58% 67.28% 62.60% 66.40% 89.33% 90.73% 60.97% 61.04%
125.07% 61.35% 86.68% 84.79% 64.32% 90.17% 77.40% 72.32% 84.16% 58.01% 89.40% 56.12% 87.68% 63.97%
*2 80.50% 99.61%
124.25% 81.35% 70.96% 71.22%
104.83% 94.95% 79.53% 80.17% 70.27% 90.36% 80.54% 81.13% 87.13% 96.72% 80.44% 99.14% 72.04%

Appendix C-1: Listing of Local Retirement Plans - By Entity Name

NAME OF GOVERNMENT Heard County Pension Plan Henry County Pension Plan Houston County Pension Plan Jackson County Pension Plan Jasper County Pension Plan Jeff Davis County Pension Plan Jenkins County Pension Plan Jones County Pension Plan Lamar County Pension Plan Laurens County Pension Plan Lee County Pension Plan Liberty County Pension Plan Lincoln County Pension Plan Long County Pension Plan *1 Lowndes County Pension Plan Lumpkin County Pension Plan Madison County Pension Plan Marion County Pension Plan McDuffie County Pension Plan McIntosh County Pension Plan Miller County Pension Plan Mitchell County Pension Plan Monroe County Pension Plan Morgan County Pension Plan Murray County Pension Plan Newton County Pension Plan Oconee County Pension Plan Oglethorpe County Pension Plan Paulding County Pension Plan Peach County Pension Plan Pickens County Pension Plan Pike County Pension Plan *1 Polk County Pension Plan Pulaski County Pension Plan Putnam County Pension Plan Rabun County Pension Plan Rockdale County Pension Plan Schley County Pension Plan Seminole County Pension Plan Spalding County Pension Plan Sumter County Pension Plan Tattnall County Pension Plan

ADMINISTRATOR ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG

ACTUARIAL
VALUE OF
PLAN ASSETS 4,307,706
264,750,337 139,867,834
25,767,012 5,761,471 5,603,274 3,196,226
14,816,575 6,554,531
15,840,003 11,677,864 35,571,857
5,300,259 143,945
70,142,042 6,641,661
11,790,751 1,032,491
12,174,025 6,708,491 2,171,005 9,523,221
31,812,725 16,865,051 14,036,872
4,925,139 33,283,696
3,249,712 65,987,617 19,155,735 16,492,243
724,670 22,354,431
1,659,994 20,680,343 12,775,646 83,745,259
400,648 4,354,974 43,575,621 7,093,365 9,996,497

Page C1-9

ACTUARIAL
ACCRUED
LIABILITY 4,738,818
379,764,870 172,099,180
34,863,567 4,615,830 7,282,964 3,177,706
19,091,284 8,107,448
20,255,548 15,170,660 58,690,014
6,794,039 3,783,845 93,152,109 10,191,759 14,589,963 1,066,199 15,071,615 7,823,009 2,409,044 12,746,157 39,681,034 19,958,259 17,396,205 5,615,198 41,031,903 3,598,575 95,487,934 23,157,255 27,512,677 5,052,068 30,393,003 1,413,461 24,839,862 14,552,780 119,612,633
603,014 5,382,146 62,695,169 8,618,794 12,585,739

FUNDED
RATIO 90.90% 69.71% 81.27% 73.91%
124.82% 76.94%
100.58% 77.61% 80.85% 78.20% 76.98% 60.61% 78.01% 3.80% 75.30% 65.17% 80.81% 96.84% 80.77% 85.75% 90.12% 74.71% 80.17% 84.50% 80.69% 87.71% 81.12% 90.31% 69.11% 82.72% 59.94% 14.34% 73.55%
117.44% 83.25% 87.79% 70.01% 66.44% 80.92% 69.50% 82.30% 79.43%

Appendix C-1: Listing of Local Retirement Plans - By Entity Name

NAME OF GOVERNMENT Telfair County Pension Plan Thomas County Pension Plan Tift County Pension Plan Toombs County Pension Plan Treutlen County Pension Plan Troup County Pension Plan Turner County Pension Plan Upson County Pension Plan Walker County Commissioners' & Sheriff's Defined Benefit Pension Plan Walton County Pension Plan Ware County Pension Plan Warren County Pension Plan Washington County Pension Plan Whitfield County Pension Plan Wilcox County Pension Plan Wilkes County Pension Plan Wilkinson County Pension Plan

ADMINISTRATOR ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG Single-Employer ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG

ACTUARIAL
VALUE OF
PLAN ASSETS 2,891,473
25,149,652 50,439,594
8,120,054 1,577,436 54,823,521 6,267,911 11,396,997 7,015,447 39,859,951 1,802,234 1,724,609 15,668,518 55,661,748 1,991,644 3,542,437 7,796,185

Combined Counties

9,030,889,368

CONSOLIDATED GOVERNMENTS
Athens-Clarke County Employees' Pension Plan Augusta City Employees Pension Plan Augusta Firemen's Pension Fund Augusta General Retirement Plan 1949 Augusta Policemen's Pension Fund Augusta Richmond County Retirement Plan Augusta Richmond County Planning Commission Retirement Plan Columbus Consolidated Government Employees' Pension Plan Columbus Consolidated Government Plan for
Employees of the Department of Public Safety Georgetown-Quitman Unified County Retirement Plan Macon-Bibb County Fire & Police Retirement System *5 Macon-Bibb County Pension Plan *6 Macon-Bibb County Pension Plan Division A *5 Richmond County Employee Pension Fund 1945
Combined Consolidated Governments

Single-Employer Single-Employer, Closed Single-Employer, Closed Single-Employer, Closed Single-Employer, Closed GMEBS GMEBS Single-Employer
Single-Employer GMEBS Single-Employer Single-Employer Single-Employer Single-Employer, Closed

298,675,836 *2 *2 74,081,172 *2
236,621,979 3,055,438
283,724,136
301,417,154 123,825
256,787,601 139,896,497 98,243,365
5,713,667
1,698,340,670

REGIONAL COMMISSIONS
Atlanta RC Retirement Plan Coastal Georgia RC Retirement Plan Georgia Mountains RC Retirement Plan

ACCG GMEBS GMEBS

76,869,429 4,501,140 7,536,653

Page C1-10

ACTUARIAL ACCRUED LIABILITY
3,547,519 28,675,366 56,487,773
9,324,006 1,957,085 74,263,093 8,419,149 11,715,686 8,123,604 59,214,112 2,492,887 1,934,580 19,831,817 67,420,189 2,307,860 5,173,724 8,882,123
12,817,123,433
347,381,800 *2 *2 82,629,060 *2
282,588,531 2,424,300
281,786,032
331,946,185 176,799
279,887,563 232,936,533 105,806,951
6,890,369
1,954,454,123
67,724,280 5,132,172 8,045,731

FUNDED RATIO
81.51% 87.70% 89.29% 87.09% 80.60% 73.82% 74.45% 97.28% 86.36% 67.31% 72.30% 89.15% 79.01% 82.56% 86.30% 68.47% 87.77%
70.46%
85.98% *2 *2
89.66% *2
83.73% 126.03% 100.69%
90.80% 70.04% 91.75% 60.06% 92.85% 82.92%
86.90%
113.50% 87.70% 93.67%

Appendix C-1: Listing of Local Retirement Plans - By Entity Name

NAME OF GOVERNMENT Heart of Georgia - Altamaha RC Retirement Plan Middle Georgia RC Retirement Plan Northeast Georgia RC Retirement Plan Northwest Georgia RC Retirement Plan Southern Georgia RC Retirement Plan Southwest Georgia RC Retirement Plan

ADMINISTRATOR GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer

ACTUARIAL VALUE OF PLAN ASSETS
5,210,432 10,240,114
8,040,704 8,152,218 14,900,260
914,216

Combined Regional Commissions

136,365,166

LOCAL BOARDS OF EDUCATION
Fulton County School Employees' Pension Fund Gwinnett County Board of Education Retirement System Polk County Board of Education Retirement System City of Atlanta Board of Education - Superintendent Plan *7
Combined Local Boards of Education
LOCAL AUTHORITIES
Austell Gas System Bainbridge Decatur County Recreation Authority Brunswick-Glynn County Joint Water and Sewer Commission Calhoun Housing Authority *1 Carroll County Water Authority Chatsworth Water Commission Cherokee County Water and Sewerage Authority Cobb County-Marietta Water Authority Development Authority of Appling County Douglasville-Douglas County Water and Sewer Authority Dublin-Laurens County Recreation Authority Eatonton-Putnam Water and Sewer Authority Ellijay-Gilmer County Water and Sewerage Authority Fitzgerald Water, Light, and Bond Commission Flint Area Consolidated Housing Authority Fort Valley Utilities Commission Fulton-DeKalb Hospital Authority Haralson County Water Authority Heard County Water Authority Henry County Water Authority Hospital Authority of Floyd County Hospital Authority of Valdosta and Lowndes County, Georgia Hospital Authority of Washington County *3 Housing Authority of the City of Clayton, Georgia

Single-Employer Single-Employer Single-Employer Single-Employer
Single-Employer GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS Single-Employer ACCG GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer ACCG GMEBS GMEBS Single-Employer Single-Employer Single-Employer GMEBS
Page C1-11

520,396,697 2,856,580,612
5,236,788 459,502
3,382,673,599
29,015,669 446,626
10,321,866 47,862
6,121,187 2,603,598 35,048,887 50,368,281
325,752 50,195,538
1,654,665 1,014,736 1,077,492 11,215,029 2,514,178 9,383,157 216,417,758 1,689,422 1,060,615 79,467,392 20,856,974 75,789,695
265,441 296,977

ACTUARIAL ACCRUED LIABILITY
5,889,158 10,576,897
8,045,238 9,083,647 16,676,643 1,812,743
132,986,509

FUNDED RATIO
88.47% 96.82% 99.94% 89.75% 89.35% 50.43%
102.54%

556,658,564 3,039,376,235
8,185,156 407,687
3,604,627,642
33,490,913 569,165
11,603,708 66,806
6,734,560 2,930,704 47,760,550 49,602,949
294,208 53,518,025
1,388,912 781,916
1,342,755 13,747,305
2,693,519 9,536,874 268,706,789 1,927,147 1,123,971 75,969,823 26,920,637 75,334,944 2,125,616
323,596

93.49% 93.99% 63.98% 112.71%
93.84%
86.64% 78.47% 88.95% 71.64% 90.89% 88.84% 73.38% 101.54% 110.72% 93.79% 119.13% 129.78% 80.24% 81.58% 93.34% 98.39% 80.54% 87.66% 94.36% 104.60% 77.48% 100.60% 12.49% 91.77%

Appendix C-1: Listing of Local Retirement Plans - By Entity Name

NAME OF GOVERNMENT Housing Authority of the City of Conyers Housing Authority of the City of Covington Housing Authority of the City of Lavonia Housing Authority of the City of Mt. Vernon Housing Authority of the City of Vidalia Housing Authority of the City of Vienna Housing Authority of the City of Villa Rica Jackson County Water and Sewerage Authority Jasper County 911 Authority Jonesboro Housing Authority Lagrange Housing Authority Lagrange-Troup County Hospital Authority Liberty Consolidated Planning Commission Macon Water Authority Macon-Bibb County Transit Authority Metropolitan Atlanta Rapid Transit Authority ATU Local 732 Union Plan Metropolitan Atlanta Rapid Transit Authority Non-Represented Plan Middle Flint Regional E-911 Authority Newnan Water and Light Commission Northeast Georgia Housing Authority Polk County Water, Sewage and Solid Waste Authority Satilla Regional Water and Sewer Authority Sinclair Water Authority Towns County Water and Sewerage Authority Unadilla Housing Authority Valdosta-Lowndes County Parks and Recreation Authority
Walker County Water and Sewerage Authority

ADMINISTRATOR GMEBS ACCG GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS Single-Employer Single-Employer Single-Employer Single-Employer ACCG Single-Employer GMEBS Single-Employer ACCG ACCG GMEBS GMEBS GMEBS
Single-Employer

ACTUARIAL
VALUE OF
PLAN ASSETS 1,378,330 806,395 823,912 219,221 387,262 307,242 969,633 1,295,020 608,400 3,643,108 1,311,008
56,711,572 1,313,057
47,813,004 4,762,954
677,748,569 404,742,443
352,747 53,006,652
4,424,155 1,850,202
846,209 89,183
395,464 1,190,920 2,387,921
1,607,961

Combined Local Authorities

1,878,191,341

Combined Totals

24,111,495,657

ACTUARIAL ACCRUED LIABILITY
1,588,616 1,125,104
994,247 222,174 298,857 269,114 928,773 2,335,108 607,138 4,150,156 1,384,915 66,798,249 1,349,970 49,866,105 8,341,939 625,654,156 540,416,553 333,879 56,277,525 4,203,663 2,315,042 3,296,615 158,108 502,878 985,173 3,721,616 2,932,970
2,069,554,035
31,033,781,121

*1 - New plan for this reporting period. *2 - No amounts reported since plan is maintained on a pay-as-you-go basis. Contributions to the plan are generally made at about the same time and in
about the same amount as benefit payments and expenses become due. This is allowable since the plan was closed prior to 1983. *3 - Government has not submitted all information required and is not in compliance with O.C.G.A. 47-1-3. *4 - Plan was transferred from a single-employer plan to ACCG or GMEBS since last report. Current year ACCG or GMEBS data presented when available. *5 - The City of Macon and Bibb County consolidated into one government in 2014. This plan was formerly a City of Macon Plan *6 - The City of Macon and Bibb County consolidated into one government in 2014. This plan was formerly a Bibb County Plan *7 - Since City of Atlanta General Employees Pension Fund includes certain employees of the Atlanta Board of Education, information is provided with City of Atlanta.

FUNDED RATIO
86.76% 71.67% 82.87% 98.67% 129.58% 114.17% 104.40% 55.46% 100.21% 87.78% 94.66% 84.90% 97.27% 95.88% 57.10% 108.33% 74.89% 105.65% 94.19% 105.25% 79.92% 25.67% 56.41% 78.64% 120.88% 64.16% 54.82%
90.75%
77.69%

Page C1-12

Appendix C-2: Listing of Local Retirement Plans - By Funded Ratio

NAME OF GOVERNMENT

ADMINISTRATOR

ACTUARIAL VALUE OF PLAN ASSETS

CITIES

Cartersville Retirement Plan II, City of *4 Snellville Retirement Plan, City of Aragon Retirement Plan, City of Suwanee Retirement Plan, City of Gibson Retirement Plan, City of Brooklet Retirement Plan, City of Alamo Retirement Plan, City of Tennille Retirement Plan, City of Hagan Retirement Plan, City of Comer Retirement Plan, City of Warrenton Retirement Plan, City of Woodbine Retirement Plan, City of Hiawassee Retirement Plan, City of Buena Vista Retirement Plan, City of Lithonia Retirement Plan, City of East Ellijay Retirement Plan, City of Midville Retirement Plan, City of Blakely-Early County Department of Recreation Retirement Plan Attapulgus Retirement Plan, City of Swainsboro Retirement Plan, City of Danielsville Retirement Plan, City of Wadley Retirement Plan, City of Tallapoosa Retirement Plan, City of
Patterson Retirement Plan, City of
Oglethorpe Retirement Plan, City of
Waleska Retirement Plan, City of Cuthbert Retirement Plan, City of Duluth Retirement Plan, City of Ellijay Retirement Plan, City of Lake City Retirement Plan, City of Commerce Retirement Plan, City of Abbeville Retirement Plan, City of Cartersville Retirement Plan I, City of *4 Perry Retirement Plan, City of Trion Retirement Plan, City of White Retirement Plan, City of Warm Springs Retirement Plan, City of Doerun Retirement Plan, City of Hazlehurst Retirement Plan, City of Stone Mountain Retirement Plan, City of

GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS
GMEBS
GMEBS
GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS

2,638,657 2,590,743
639,028 17,338,914
125,654 432,574 585,563 1,172,271 364,957 372,613 1,346,295 1,606,416 1,509,758 1,743,319 773,203 1,534,256 181,943 161,257 338,991 9,215,473 283,531 1,503,384 5,591,328
289,652
1,077,346
173,115 2,047,878 17,003,957 1,157,226 3,714,003 12,558,022
413,887 68,516,180 12,627,884
7,801,533 482,851 401,705 867,695
4,264,729 5,474,147

Page C2-1

ACTUARIAL ACCRUED LIABILITY
684,272 1,001,631
314,555 10,805,154
80,062 285,038 393,848 820,033 273,245 280,235 1,032,762 1,240,573 1,170,020 1,377,073 616,991 1,229,038 146,709 130,717 280,891 7,652,528 237,410 1,281,071 4,786,607 249,731 940,160 153,567 1,822,049 15,142,464 1,042,495 3,348,501 11,348,714 374,862 62,852,924 11,617,481 7,217,946 448,854 374,735 811,511 3,995,790 5,158,308

FUNDED RATIO
385.62% 258.65% 203.15% 160.47% 156.95% 151.76% 148.68% 142.95% 133.56% 132.96% 130.36% 129.49% 129.04% 126.60% 125.32% 124.83% 124.02% 123.36% 120.68% 120.42% 119.43% 117.35% 116.81% 115.99% 114.59% 112.73% 112.39% 112.29% 111.01% 110.92% 110.66% 110.41% 109.01% 108.70% 108.09% 107.57% 107.20% 106.92% 106.73% 106.12%

Appendix C-2: Listing of Local Retirement Plans - By Funded Ratio

NAME OF GOVERNMENT Enigma Retirement Plan, City of Jefferson Retirement Plan, City of Butler Retirement Plan, City of Thomasville Retirement Plan, City of Nicholls Retirement Plan, City of Wrightsville Retirement Plan, City of Bremen Retirement Plan, City of McRae-Helena Retirement Plan, City of Lyons Retirement Plan, City of East Point Retirement Plan, City of Berlin Retirement Plan, City of Hiram Retirement Plan, City of Millen Retirement Plan, City of Jonesboro Retirement Plan, City of Guyton Retirement Plan, City of Toccoa Retirement Plan, City of Adel Retirement Plan, City of Summerville Retirement Plan, City of Oxford Retirement Plan, City of Eatonton Retirement Plan, City of Cochran Retirement Plan, City of Jackson Retirement Plan, City of Chatsworth Retirement Plan, City of Hawkinsville Retirement Plan, City of Louisville Retirement Plan, City of Walthourville Retirement Plan, City of Kingsland Retirement Plan, City of Mount Vernon Retirement Plan, City of Bowdon Retirement Plan, City of Centerville Retirement Plan, City of Reynolds Retirement Plan, City of Nashville Retirement Plan, City of Baxley Retirement Plan, City of Mount Airy Retirement Plan, City of Tifton Retirement Plan, City of Grovetown Retirement Plan, City of Union Point Retirement Plan, City of Greenville Retirement Plan, City of Hogansville Retirement Plan, City of Elberton Retirement Plan, City of Hephzibah Retirement Plan, City of Darien Retirement Plan, City of

ADMINISTRATOR GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS

ACTUARIAL
VALUE OF
PLAN ASSETS 189,273
8,802,918 1,091,058 43,449,291
885,389 692,213 4,654,972 3,943,498 3,056,716 164,462,695 166,188 1,685,197 3,655,419 3,190,238 634,996 24,647,024 19,974,547 13,545,740 1,119,879 5,090,821 4,679,839 8,131,652 3,423,754 3,557,577 3,317,021 788,662 16,702,456 1,269,302 2,540,855 7,721,821 744,933 3,155,067 5,315,407 959,310 29,298,862 4,851,295 1,244,345 753,469 2,859,070 23,410,721 1,078,772 2,114,704

Page C2-2

ACTUARIAL
ACCRUED
LIABILITY 178,772
8,385,241 1,040,742 41,445,657
855,551 668,931 4,504,254 3,817,159 2,980,247 160,461,914 162,242 1,646,984 3,581,668 3,153,583 629,150 24,423,788 19,967,759 13,625,951 1,138,954 5,182,501 4,764,705 8,284,685 3,492,529 3,630,692 3,388,320 806,680 17,155,894 1,305,298 2,614,058 7,956,287 769,016 3,258,624 5,493,716 992,484 30,355,086 5,043,155 1,294,322 784,893 2,978,565 24,407,351 1,124,884 2,205,567

FUNDED
RATIO 105.87% 104.98% 104.83% 104.83% 103.49% 103.48% 103.35% 103.31% 102.57% 102.49% 102.43% 102.32% 102.06% 101.16% 100.93% 100.91% 100.03% 99.41% 98.33% 98.23% 98.22% 98.15% 98.03% 97.99% 97.90% 97.77% 97.36% 97.24% 97.20% 97.05% 96.87% 96.82% 96.75% 96.66% 96.52% 96.20% 96.14% 96.00% 95.99% 95.92% 95.90% 95.88%

Appendix C-2: Listing of Local Retirement Plans - By Funded Ratio

NAME OF GOVERNMENT Gordon Retirement Plan, City of Pelham Retirement Plan, City of Monticello Retirement Plan, City of Nicholson Retirement Plan, City of Morrow Retirement Plan, City of Port Wentworth Retirement Plan, City of Blackshear Retirement Plan, City of Dahlonega Retirement Plan, City of Quitman Retirement Plan, City of Pembroke Retirement Plan, City of Fairburn Retirement Plan, City of Sugar Hill Retirement Plan, City of LaFayette Retirement Plan, City of Rincon Retirement Plan, City of Palmetto Retirement Plan, City of Montezuma Retirement Plan, City of Vienna Retirement Plan, City of Lookout Mountain Retirement Plan, City of Cairo Retirement Plan, City of Cumming Retirement Plan, City of Douglas Retirement Plan, City of Calhoun Retirement Plan, City of Vidalia Retirement Plan, City of Marshallville Retirement Plan, City of Auburn Retirement Plan, City of Whigham Retirement Plan, City of Davisboro Retirement Plan, City of Washington Retirement Plan, City of St. Marys Retirement Plan, City of Powder Springs Retirement Plan, City of Social Circle Retirement Plan, City of Holly Springs Retirement Plan, City of Rochelle Retirement Plan, City of Loganville Retirement Plan, City of Chamblee Retirement Plan, City of Cleveland Retirement Plan, City of Reidsville Retirement Plan, City of Glennville Retirement Plan, City of Buford Retirement Plan, City of Alma Retirement Plan, City of Camilla Retirement Plan, City of Gainesville Retirement Plan, City of

ADMINISTRATOR GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS

ACTUARIAL
VALUE OF
PLAN ASSETS 2,201,641 4,206,961 3,470,622 266,707
19,173,879 9,576,165 2,156,576 8,114,239 3,979,855 1,925,335
18,811,494 5,623,588
15,044,103 2,916,476 4,573,684 4,319,565 4,577,490 1,796,035
16,518,163 24,689,596 39,885,429 20,144,377
8,705,223 339,289
2,734,957 468,794 611,434
8,556,348 1,333,440 5,683,520 4,777,871 3,709,556 1,100,735 21,240,057 19,317,019 2,258,007 1,152,936 2,526,478 26,036,742 4,764,136 8,309,228 8,441,743

Page C2-3

ACTUARIAL
ACCRUED
LIABILITY 2,298,085 4,394,595 3,633,729 280,233
20,193,668 10,099,691
2,285,401 8,599,049 4,224,481 2,045,460 19,985,624 5,980,299 16,008,342 3,104,281 4,868,652 4,601,109 4,877,502 1,915,153 17,653,867 26,452,640 42,777,143 21,610,097 9,374,383
365,565 2,947,177
508,868 664,883 9,306,456 1,451,176 6,185,538 5,222,027 4,064,642 1,206,793 23,346,543 21,251,226 2,485,648 1,270,702 2,788,366 28,747,378 5,262,130 9,188,177 9,364,688

FUNDED
RATIO 95.80% 95.73% 95.51% 95.17% 94.95% 94.82% 94.36% 94.36% 94.21% 94.13% 94.13% 94.04% 93.98% 93.95% 93.94% 93.88% 93.85% 93.78% 93.57% 93.34% 93.24% 93.22% 92.86% 92.81% 92.80% 92.12% 91.96% 91.94% 91.89% 91.88% 91.49% 91.26% 91.21% 90.98% 90.90% 90.84% 90.73% 90.61% 90.57% 90.54% 90.43% 90.14%

Appendix C-2: Listing of Local Retirement Plans - By Funded Ratio

NAME OF GOVERNMENT Moultrie Retirement Plan, City of Ashburn Retirement Plan, City of Whitesburg Retirement Plan, City of Hahira Retirement Plan, City of Barnesville Retirement Plan, City of Lavonia Retirement Plan, City of Manchester Retirement Plan, City of Woodbury Retirement Plan, City of Stockbridge Retirement Plan, City of Fort Valley Retirement Plan, City of Madison Retirement Plan, City of Wrens Retirement Plan, City of Hinesville Retirement Plan, City of Dalton Retirement Plan, City of Milton Retirement Plan, City of Springfield Retirement Plan, City of Norcross Retirement Plan, City of Menlo Retirement Plan, City of Richmond Hill Retirement Plan, City of Waynesboro Retirement Plan, City of Thomson Retirement Plan, City of Warner Robins Retirement Plan, City of Midway Retirement Plan, City of Sky Valley Retirement Plan, City of Adairsville Retirement Plan, City of Sylvania Retirement Plan, City of Leesburg Retirement Plan, City of Lumpkin Retirement Plan, City of Fitzgerald Retirement Plan, City of Villa Rica Retirement Plan, City of Hampton Retirement Plan, City of Blakely Retirement Plan, City of Broxton Retirement Plan, City of Byron Retirement Plan, City of Mount Zion Retirement Plan, City of Tyrone Retirement Plan, City of Waycross Retirement Plan, City of Emerson Retirement Plan, City of Demorest Retirement Plan, City of Avondale Estates Retirement Plan, City of Hartwell Retirement Plan, City of Clarkesville Retirement Plan, City of

ADMINISTRATOR Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS

ACTUARIAL
VALUE OF
PLAN ASSETS 12,557,058 2,540,925 609,047 1,283,791 10,674,915 4,437,995 5,762,556 870,946 11,686,142 4,944,116 13,751,831 2,725,428 25,189,368
138,994,823 14,417,614 1,166,195 16,057,092 243,101 12,099,832 4,208,496 9,314,075
130,366,611 1,112,463 802,707 4,682,413 7,146,660 1,757,985 629,291
14,339,331 8,708,673 5,471,837 7,193,691 307,440
10,000,459 514,364
3,033,625 26,544,304
1,227,566 1,833,195 2,823,905 7,064,244 2,255,992

Page C2-4

ACTUARIAL
ACCRUED
LIABILITY 13,930,031 2,822,225 678,566 1,431,160 11,904,176 4,965,910 6,451,853 977,689 13,128,078 5,577,894 15,520,496 3,081,265 28,541,829
157,559,549 16,354,009 1,325,080 18,268,756 276,828 13,784,646 4,801,586 10,627,805
148,757,651 1,269,598 917,790 5,359,260 8,185,525 2,014,286 721,638
16,457,997 10,010,295
6,291,937 8,272,204
354,119 11,550,854
595,565 3,513,076 30,829,575 1,427,677 2,134,198 3,288,485 8,229,237 2,631,547

FUNDED
RATIO 90.14% 90.03% 89.76% 89.70% 89.67% 89.37% 89.32% 89.08% 89.02% 88.64% 88.60% 88.45% 88.25% 88.22% 88.16% 88.01% 87.89% 87.82% 87.78% 87.65% 87.64% 87.64% 87.62% 87.46% 87.37% 87.31% 87.28% 87.20% 87.13% 87.00% 86.97% 86.96% 86.82% 86.58% 86.37% 86.35% 86.10% 85.98% 85.90% 85.87% 85.84% 85.73%

Appendix C-2: Listing of Local Retirement Plans - By Funded Ratio

NAME OF GOVERNMENT Dawson Retirement Plan, City of Willacoochee Retirement Plan, City of Decatur Retirement Plan, City of Harlem Retirement Plan, City of Pine Mountain Retirement Plan, City of Blairsville Retirement Plan, City of Bowman Retirement Plan, City of LaGrange Retirement Plan, City of Smithville Retirement Plan, City of Riceboro Retirement Plan, City of Rossville Retirement Plan, City of Lenox Retirement Plan, City of Lake Park Retirement Plan, City of Americus Retirement Plan, City of Sandersville Retirement Plan, City of Jesup Retirement Plan, City of Tybee Island Retirement Plan, City of Buchanan Retirement Plan, City of Bloomingdale Retirement Plan, City of Kennesaw Retirement Plan, City of Acworth Retirement Plan, City of Fort Oglethorpe Retirement Plan, City of Cornelia Retirement Plan, City of Dawsonville Retirement Plan, City of Chester Retirement Plan, City of Monroe Retirement Plan, City of Woodstock Retirement Plan, City of Donalsonville Retirement Plan, City of Statesboro Retirement Plan, City of Rockmart Retirement Plan, City of Thomaston Retirement Plan, City of Colquitt Retirement Plan, City of Alpharetta Retirement Plan, City of Cordele Retirement Plan, City of Dublin Retirement Plan, City of Blue Ridge Retirement Plan, City of Claxton Retirement Plan, City of Bainbridge Retirement Plan, City of Clarkston Retirement Plan, City of Rome Retirement Plan, City of Savannah Employees' Retirement Plan, City of Conyers Retirement Plan, City of

ADMINISTRATOR GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS

ACTUARIAL
VALUE OF
PLAN ASSETS 4,305,277 872,697
52,713,630 2,554,316 1,227,750 2,921,686 332,018
54,078,387 331,602 602,430
2,071,506 862,172 683,954
16,697,162 8,527,944
13,053,416 11,963,481
821,250 2,113,870 25,638,423 17,103,665 9,859,107 5,973,682
840,158 170,675 32,211,068 19,292,680 3,947,043 36,945,888 8,635,230 10,480,882 3,040,845 100,839,134 12,870,806 32,369,655 2,224,709 3,355,712 12,596,996 5,924,120 86,024,218 485,463,429 26,530,007

Page C2-5

ACTUARIAL
ACCRUED
LIABILITY 5,030,586 1,020,510
61,746,766 2,994,700 1,441,658 3,431,121 390,385
63,611,144 390,920 710,393
2,460,832 1,024,427
814,273 19,899,971 10,182,067 15,637,944 14,357,341
986,247 2,544,614 30,869,719 20,616,700 11,908,598 7,224,448 1,016,717
206,588 39,043,329 23,411,093
4,803,439 44,978,146 10,523,816 12,859,055
3,738,984 124,073,102
15,864,836 39,933,963
2,746,080 4,154,680 15,630,194 7,353,569 106,906,587 603,384,929 33,005,482

FUNDED
RATIO 85.58% 85.52% 85.37% 85.29% 85.16% 85.15% 85.05% 85.01% 84.83% 84.80% 84.18% 84.16% 84.00% 83.91% 83.75% 83.47% 83.33% 83.27% 83.07% 83.05% 82.96% 82.79% 82.69% 82.63% 82.62% 82.50% 82.41% 82.17% 82.14% 82.05% 81.51% 81.33% 81.27% 81.13% 81.06% 81.01% 80.77% 80.59% 80.56% 80.47% 80.46% 80.38%

Appendix C-2: Listing of Local Retirement Plans - By Funded Ratio

NAME OF GOVERNMENT Douglasville Retirement Plan, City of Roswell Retirement Plan, City of Temple Retirement Plan, City of Forsyth Retirement Plan, City of Winder Retirement Plan, City of Pooler Retirement Plan, City of Roberta Retirement Plan, City of Peachtree City Retirement Plan, City of Canon Retirement Plan, City of Canton Retirement Plan, City of Austell Retirement Plan, City of Nahunta Retirement Plan, City of Union City Retirement Plan, City of Cave Spring Retirement Plan, City of Smyrna Retirement Plan, City of Griffin Retirement Plan, City of Royston Retirement Plan, City of Lincolnton Retirement Plan, City of McDonough Retirement Plan, City of Dacula Retirement Plan, City of Newnan Retirement Plan, City of West Point Retirement Plan, City of Eastman Retirement Plan, City of Covington Retirement Plan, City of Fayetteville Retirement Plan, City of Ball Ground Retirement Plan, City of Jeffersonville Retirement Plan, City of Atlanta Police Officer's Pension Fund Portal Retirement Plan, City of Soperton Retirement Plan, City of Oakwood Retirement Plan, City of Doraville Retirement Plan, City of Franklin Retirement Plan, City of Locust Grove Retirement Plan, City of Chickamauga Retirement Plan, City of Dallas Retirement Plan, City of Sylvester Retirement Plan, City of Atlanta General Employees Pension Fund
General Employees of the City of Atlanta Atlanta Firefighter's Pension Fund Carnesville Retirement Plan, City of College Park Retirement Plan, City of

ADMINISTRATOR GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS
Single-Employer Single-Employer GMEBS GMEBS

ACTUARIAL VALUE OF PLAN ASSETS
41,840,378 104,968,220
1,171,599 7,102,218 20,535,642 27,963,660
885,543 49,647,701
246,865 16,350,668 14,960,949
559,806 26,219,989
753,194 61,874,662 82,481,884
2,555,802 548,839
16,722,493 1,313,103
29,199,445 8,940,212 4,431,885
60,978,547 25,109,099
586,809 282,070 1,412,951,452 294,533 503,759 5,249,260 19,212,253 780,509 4,275,190 2,566,501 6,273,001 9,006,543
1,498,446,332 850,854,625 282,220 87,761,655

Page C2-6

ACTUARIAL ACCRUED LIABILITY
52,069,729 130,694,888
1,459,244 8,860,621 25,642,472 34,971,798 1,107,604 62,116,621
309,481 20,500,261 18,787,331
704,967 33,098,973
955,129 78,516,761 105,010,754
3,256,658 701,709
21,434,214 1,683,422
37,970,841 11,626,921
5,780,440 79,910,019 32,923,582
769,473 370,492 1,872,160,083 391,137 671,358 7,034,116 25,879,345 1,051,926 5,805,240 3,485,488 8,660,888 12,439,455
2,075,252,248 1,180,811,002
391,883 121,984,859

FUNDED
RATIO 80.35% 80.32% 80.29% 80.15% 80.08% 79.96% 79.95% 79.93% 79.77% 79.76% 79.63% 79.41% 79.22% 78.86% 78.80% 78.55% 78.48% 78.21% 78.02% 78.00% 76.90% 76.89% 76.67% 76.31% 76.26% 76.26% 76.13% 75.47% 75.30% 75.04% 74.63% 74.24% 74.20% 73.64% 73.63% 72.43% 72.40%
72.21% 72.06% 72.02% 71.94%

Appendix C-2: Listing of Local Retirement Plans - By Funded Ratio

NAME OF GOVERNMENT Thunderbolt Retirement Plan, City of Cedartown Retirement Plan, City of Remerton Retirement Plan, City of Greensboro Retirement Plan, City of Carrollton Retirement Plan, City of Hapeville Retirement Plan, City of Jasper Retirement Plan, City of Ellaville Retirement Plan, City of Garden City Retirement Plan, City of Gainesville Retirement Plan A, City of Riverdale Retirement Plan, City of *1 Marietta Retirement Plan, City of Lovejoy Retirement Plan, City of Ocilla Retirement Plan, City of Brunswick Retirement Plan, City of Flowery Branch Retirement Plan, City of Gray Retirement Plan, City of Albany Retirement Plan, City of Senoia Retirement Plan, City of Atlanta General Employees Pension Fund
Employees of the Atlanta Board of Education Valdosta Retirement Plan, City of Lakeland Retirement Plan, City of Grantville Retirement Plan, City of Pendergrass Retirement Plan, City of *1 Braselton Retirement Plan, City of Calhoun Retirement Plan, City of Savannah Pension Plan 2 Clayton Retirement Plan, City of *3 Milledgeville Retirement Plan, City of *3

ADMINISTRATOR GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS Single-Employer GMEBS GMEBS Single-Employer GMEBS GMEBS Single-Employer GMEBS
Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer Single-Employer Single-Employer Single-Employer

ACTUARIAL VALUE OF PLAN ASSETS
1,658,638 15,366,998
1,468,638 4,864,149 36,642,443 24,314,379 4,988,228 1,238,413 11,200,413 128,422,363 4,000,000 135,714,765 1,167,137 1,831,694 14,717,716 1,631,041 1,735,425 131,944,955 2,014,894
276,172,469 55,874,464 232,293 168,341 3,099 730,264 *2 *2 *3 *3

Combined Cities

7,985,035,513

COUNTIES
Clinch County Pension Plan Jasper County Pension Plan Evans County Pension Plan Pulaski County Pension Plan Forsyth County Defined Benefit Plan Jenkins County Pension Plan Banks County Pension Plan Elbert County Pension Plan Haralson County Pension Plan

ACCG ACCG ACCG ACCG Single-Employer ACCG ACCG ACCG ACCG

1,273,443 5,761,471 3,380,000 1,659,994 23,428,094 3,196,226
763,344 23,282,911 10,199,123

Page C2-7

ACTUARIAL ACCRUED LIABILITY
2,306,309 21,449,786
2,063,514 6,859,842 51,734,334 35,210,653 7,224,416 1,813,521 16,452,850 192,326,002 6,005,478 206,890,407 1,791,713 2,910,141 23,565,450 2,687,435 2,886,329 220,907,475 3,383,471
503,077,806 108,120,081
565,637 478,341
12,497 3,436,679 *2 *2 *3 *3
10,455,035,379
1,018,195 4,615,830 2,720,420 1,413,461 22,347,615 3,177,706
763,362 23,374,626 10,288,090

FUNDED RATIO
71.92% 71.64% 71.17% 70.91% 70.83% 69.05% 69.05% 68.29% 68.08% 66.77% 66.61% 65.60% 65.14% 62.94% 62.45% 60.69% 60.13% 59.73% 59.55%
54.90% 51.68% 41.07% 35.19% 24.80% 21.25% *2 *2 *3 *3
76.38%
125.07% 124.82% 124.25% 117.44% 104.83% 100.58% 100.00%
99.61% 99.14%

Appendix C-2: Listing of Local Retirement Plans - By Funded Ratio

NAME OF GOVERNMENT Upson County Pension Plan Marion County Pension Plan Hall County Pension Plan Franklin County Pension Plan Heard County Pension Plan Chatham County Employees' Retirement Plan Grady County Pension Plan Oglethorpe County Pension Plan Crawford County Pension Plan Miller County Pension Plan Dodge County Pension Plan Charlton County Pension Plan Tift County Pension Plan Warren County Pension Plan Bacon County Pension Plan Rabun County Pension Plan Wilkinson County Pension Plan Appling County Pension Plan Newton County Pension Plan Thomas County Pension Plan Dougherty County Pension Plan Habersham County Pension Plan Toombs County Pension Plan Coffee County Pension Plan Walker County Commissioners' & Sheriff's Defined Benefit Pension Plan Wilcox County Pension Plan Ben Hill County Pension Plan McIntosh County Pension Plan Colquitt County Pension Plan Morgan County Pension Plan Decatur County Pension Plan Putnam County Pension Plan Peach County Pension Plan Whitfield County Pension Plan Sumter County Pension Plan Bleckley County Pension Plan Telfair County Pension Plan Fannin County Pension Plan Houston County Pension Plan Gwinnett County Pension Plan Oconee County Pension Plan Seminole County Pension Plan

ADMINISTRATOR ACCG ACCG ACCG ACCG ACCG Single-Employer ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG Single-Employer ACCG ACCG ACCG Single-Employer ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG Single-Employer ACCG ACCG

ACTUARIAL
VALUE OF
PLAN ASSETS 11,396,997 1,032,491 47,478,305 15,725,960 4,307,706
366,823,621 5,361,758 3,249,712 3,899,162 2,171,005 1,084,253 6,688,820
50,439,594 1,724,609 2,415,050
12,775,646 7,796,185
15,171,283 4,925,139
25,149,652 71,939,401 13,492,110
8,120,054 18,702,559
7,015,447 1,991,644 6,985,400 6,708,491 23,134,630 16,865,051 15,538,954 20,680,343 19,155,735 55,661,748 7,093,365 3,713,385 2,891,473 17,504,629 139,867,834 1,363,114,000 33,283,696 4,354,974

Page C2-8

ACTUARIAL
ACCRUED
LIABILITY 11,715,686 1,066,199 49,088,447 16,562,600 4,738,818
404,321,185 5,933,927 3,598,575 4,323,999 2,409,044 1,212,863 7,487,354
56,487,773 1,934,580 2,716,462
14,552,780 8,882,123
17,296,784 5,615,198
28,675,366 82,048,526 15,485,280
9,324,006 21,577,410
8,123,604 2,307,860 8,129,782 7,823,009 27,286,008 19,958,259 18,462,717 24,839,862 23,157,255 67,420,189 8,618,794 4,548,543 3,547,519 21,517,838 172,099,180 1,680,063,825 41,031,903 5,382,146

FUNDED
RATIO 97.28% 96.84% 96.72% 94.95% 90.90% 90.73% 90.36% 90.31% 90.17% 90.12% 89.40% 89.33% 89.29% 89.15% 88.90% 87.79% 87.77% 87.71% 87.71% 87.70% 87.68% 87.13% 87.09% 86.68% 86.36% 86.30% 85.92% 85.75% 84.79% 84.50% 84.16% 83.25% 82.72% 82.56% 82.30% 81.64% 81.51% 81.35% 81.27% 81.13% 81.12% 80.92%

Appendix C-2: Listing of Local Retirement Plans - By Funded Ratio

NAME OF GOVERNMENT Lamar County Pension Plan Madison County Pension Plan McDuffie County Pension Plan Murray County Pension Plan Treutlen County Pension Plan Greene County Pension Plan Early County Pension Plan Hancock County Pension Plan Glynn County Board of Commissioners Pension Plan Monroe County Pension Plan Barrow County Pension Plan Brooks County Pension Plan Fulton County Employees' Pension Plan Tattnall County Pension Plan Washington County Pension Plan Laurens County Pension Plan Lincoln County Pension Plan Jones County Pension Plan Crisp County Pension Plan Lee County Pension Plan Jeff Davis County Pension Plan Lowndes County Pension Plan Mitchell County Pension Plan Turner County Pension Plan Bryan County Pension Plan Jackson County Pension Plan Troup County Pension Plan Polk County Pension Plan Dawson County Pension Plan Ware County Pension Plan Harris County Pension Plan Floyd County Pension Plan Fayette County Pension Plan Gordon County Pension Plan *1 Bartow County Pension Plan Rockdale County Pension Plan Henry County Pension Plan Spalding County Pension Plan Paulding County Pension Plan Wilkes County Pension Plan Bulloch County Pension Plan *1 Walton County Pension Plan

ADMINISTRATOR ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG Single-Employer ACCG ACCG ACCG Single-Employer ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG

ACTUARIAL
VALUE OF
PLAN ASSETS 6,554,531
11,790,751 12,174,025 14,036,872
1,577,436 10,965,990
7,886,083 7,097,066 128,488,877 31,812,725 41,099,461 4,682,758 1,511,804,295 9,996,497 15,668,518 15,840,003 5,300,259 14,816,575 25,825,638 11,677,864 5,603,274 70,142,042 9,523,221 6,267,911 18,684,743 25,767,012 54,823,521 22,354,431 7,302,245 1,802,234 21,114,461 80,017,320 66,637,265 10,104,294 111,193,934 83,745,259 264,750,337 43,575,621 65,987,617 3,542,437 17,440,450 39,859,951

Page C2-9

ACTUARIAL
ACCRUED
LIABILITY 8,107,448
14,589,963 15,071,615 17,396,205
1,957,085 13,615,123
9,796,773 8,822,342 160,265,335 39,681,034 51,585,299 5,882,148 1,900,927,933 12,585,739 19,831,817 20,255,548 6,794,039 19,091,284 33,367,497 15,170,660 7,282,964 93,152,109 12,746,157 8,419,149 25,260,979 34,863,567 74,263,093 30,393,003 10,097,672 2,492,887 29,310,298 112,356,492 93,912,027 14,379,878 158,752,554 119,612,633 379,764,870 62,695,169 95,487,934 5,173,724 25,808,234 59,214,112

FUNDED
RATIO 80.85% 80.81% 80.77% 80.69% 80.60% 80.54% 80.50% 80.44% 80.17% 80.17% 79.67% 79.61% 79.53% 79.43% 79.01% 78.20% 78.01% 77.61% 77.40% 76.98% 76.94% 75.30% 74.71% 74.45% 73.97% 73.91% 73.82% 73.55% 72.32% 72.30% 72.04% 71.22% 70.96% 70.27% 70.04% 70.01% 69.71% 69.50% 69.11% 68.47% 67.58% 67.31%

Appendix C-2: Listing of Local Retirement Plans - By Funded Ratio

NAME OF GOVERNMENT Burke County Pension Plan Schley County Pension Plan Carroll County Pension Plan Lumpkin County Pension Plan Coweta County Pension Plan Douglas County Pension Plan Butts County Pension Plan Baldwin County Pension Plan Cobb County Board of Commissioners Retirement Income Plan Clayton County Pension Plan Cherokee County Pension Plan Liberty County Pension Plan Pickens County Pension Plan DeKalb County Pension Plan Dooly County Pension Plan Pike County Pension Plan *1 Long County Pension Plan *1 Douglas County Employee Defined Benefit Plan

ADMINISTRATOR ACCG ACCG ACCG ACCG Single-Employer ACCG ACCG ACCG Single-Employer Single-Employer ACCG ACCG ACCG Single-Employer ACCG ACCG ACCG Single-Employer

ACTUARIAL
VALUE OF
PLAN ASSETS 33,676,461 400,648 1,796,600 6,641,661 90,500,226
110,173,889 18,780,927 28,417,826
979,099,535 526,413,749 162,611,754
35,571,857 16,492,243 1,574,947,843
4,783,253 724,670 143,945
*2

Combined Counties

9,030,889,368

CONSOLIDATED GOVERNMENTS
Augusta Richmond County Planning Commission Retirement Plan Columbus Consolidated Government Employees' Pension Plan Macon-Bibb County Pension Plan Division A *5 Macon-Bibb County Fire & Police Retirement System *5 Columbus Consolidated Government Plan for
Employees of the Department of Public Safety Augusta General Retirement Plan 1949 Athens-Clarke County Employees' Pension Plan Augusta Richmond County Retirement Plan Richmond County Employee Pension Fund 1945 Georgetown-Quitman Unified County Retirement Plan Macon-Bibb County Pension Plan *6 Augusta City Employees Pension Plan Augusta Firemen's Pension Fund Augusta Policemen's Pension Fund
Combined Consolidated Governments

GMEBS Single-Employer Single-Employer Single-Employer
Single-Employer Single-Employer, Closed Single-Employer GMEBS Single-Employer, Closed GMEBS Single-Employer Single-Employer, Closed Single-Employer, Closed Single-Employer, Closed

3,055,438 283,724,136 98,243,365 256,787,601
301,417,154 74,081,172
298,675,836 236,621,979
5,713,667 123,825
139,896,497 *2 *2 *2
1,698,340,670

REGIONAL COMMISSIONS
Atlanta RC Retirement Plan Northeast Georgia RC Retirement Plan

ACCG GMEBS

76,869,429 8,040,704

Page C2-10

ACTUARIAL ACCRUED LIABILITY
50,051,606 603,014
2,705,916 10,191,759 140,695,332 172,220,630 30,000,359 46,066,874 1,595,811,297 862,383,870 266,725,638 58,690,014 27,512,677 2,714,778,631
8,522,928 5,052,068 3,783,845 *2
12,817,123,433
2,424,300 281,786,032 105,806,951 279,887,563
331,946,185 82,629,060
347,381,800 282,588,531
6,890,369 176,799
232,936,533 *2 *2 *2
1,954,454,123
67,724,280 8,045,238

FUNDED RATIO
67.28% 66.44% 66.40% 65.17% 64.32% 63.97% 62.60% 61.69% 61.35% 61.04% 60.97% 60.61% 59.94% 58.01% 56.12% 14.34%
3.80% *2
70.46%
126.03% 100.69%
92.85% 91.75%
90.80% 89.66% 85.98% 83.73% 82.92% 70.04% 60.06% *2 *2 *2
86.90%
113.50% 99.94%

Appendix C-2: Listing of Local Retirement Plans - By Funded Ratio

NAME OF GOVERNMENT Middle Georgia RC Retirement Plan Georgia Mountains RC Retirement Plan Northwest Georgia RC Retirement Plan Southern Georgia RC Retirement Plan Heart of Georgia - Altamaha RC Retirement Plan Coastal Georgia RC Retirement Plan Southwest Georgia RC Retirement Plan

ADMINISTRATOR GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer

ACTUARIAL VALUE OF PLAN ASSETS
10,240,114 7,536,653 8,152,218
14,900,260 5,210,432 4,501,140 914,216

Combined Regional Commissions

136,365,166

LOCAL BOARDS OF EDUCATION City of Atlanta Board of Education - Superintendent Plan *7 Gwinnett County Board of Education Retirement System Fulton County School Employees' Pension Fund Polk County Board of Education Retirement System
Combined Local Boards of Education

Single-Employer Single-Employer Single-Employer Single-Employer

459,502 2,856,580,612
520,396,697 5,236,788
3,382,673,599

LOCAL AUTHORITIES
Eatonton-Putnam Water and Sewer Authority Housing Authority of the City of Vidalia Unadilla Housing Authority Dublin-Laurens County Recreation Authority Housing Authority of the City of Vienna Development Authority of Appling County Metropolitan Atlanta Rapid Transit Authority ATU Local 732 Union Plan Middle Flint Regional E-911 Authority Northeast Georgia Housing Authority Henry County Water Authority Housing Authority of the City of Villa Rica Cobb County-Marietta Water Authority Hospital Authority of Valdosta and Lowndes County, Georgia Jasper County 911 Authority Housing Authority of the City of Mt. Vernon Fort Valley Utilities Commission Liberty Consolidated Planning Commission Macon Water Authority Lagrange Housing Authority Heard County Water Authority Newnan Water and Light Commission Douglasville-Douglas County Water and Sewer Authority Flint Area Consolidated Housing Authority Housing Authority of the City of Clayton, Georgia

GMEBS GMEBS GMEBS GMEBS GMEBS ACCG Single-Employer ACCG GMEBS GMEBS GMEBS Single-Employer Single-Employer GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS

1,014,736 387,262
1,190,920 1,654,665
307,242 325,752 677,748,569 352,747 4,424,155 79,467,392 969,633 50,368,281 75,789,695 608,400 219,221 9,383,157 1,313,057 47,813,004 1,311,008 1,060,615 53,006,652 50,195,538 2,514,178 296,977

Page C2-11

ACTUARIAL ACCRUED LIABILITY
10,576,897 8,045,731 9,083,647
16,676,643 5,889,158 5,132,172 1,812,743
132,986,509
407,687 3,039,376,235
556,658,564 8,185,156
3,604,627,642
781,916 298,857 985,173 1,388,912 269,114 294,208 625,654,156 333,879 4,203,663 75,969,823 928,773 49,602,949 75,334,944 607,138 222,174 9,536,874 1,349,970 49,866,105 1,384,915 1,123,971 56,277,525 53,518,025 2,693,519 323,596

FUNDED RATIO
96.82% 93.67% 89.75% 89.35% 88.47% 87.70% 50.43%
102.54%
112.71% 93.99% 93.49% 63.98%
93.84%
129.78% 129.58% 120.88% 119.13% 114.17% 110.72% 108.33% 105.65% 105.25% 104.60% 104.40% 101.54% 100.60% 100.21%
98.67% 98.39% 97.27% 95.88% 94.66% 94.36% 94.19% 93.79% 93.34% 91.77%

Appendix C-2: Listing of Local Retirement Plans - By Funded Ratio

NAME OF GOVERNMENT Carroll County Water Authority Brunswick-Glynn County Joint Water and Sewer Commission Chatsworth Water Commission Jonesboro Housing Authority Haralson County Water Authority Housing Authority of the City of Conyers Austell Gas System Lagrange-Troup County Hospital Authority Housing Authority of the City of Lavonia Fitzgerald Water, Light, and Bond Commission Fulton-DeKalb Hospital Authority Ellijay-Gilmer County Water and Sewerage Authority Polk County Water, Sewage and Solid Waste Authority Towns County Water and Sewerage Authority Bainbridge Decatur County Recreation Authority Hospital Authority of Floyd County Metropolitan Atlanta Rapid Transit Authority Non-Represented Plan Cherokee County Water and Sewerage Authority Housing Authority of the City of Covington Calhoun Housing Authority *1 Valdosta-Lowndes County Parks and Recreation Authority Macon-Bibb County Transit Authority Sinclair Water Authority Jackson County Water and Sewerage Authority Walker County Water and Sewerage Authority Satilla Regional Water and Sewer Authority
Hospital Authority of Washington County *3

ADMINISTRATOR Single-Employer GMEBS GMEBS GMEBS ACCG GMEBS Single-Employer Single-Employer GMEBS GMEBS Single-Employer GMEBS Single-Employer GMEBS GMEBS Single-Employer Single-Employer GMEBS ACCG GMEBS GMEBS Single-Employer ACCG GMEBS Single-Employer ACCG
Single-Employer

ACTUARIAL
VALUE OF
PLAN ASSETS 6,121,187
10,321,866 2,603,598 3,643,108 1,689,422 1,378,330
29,015,669 56,711,572
823,912 11,215,029 216,417,758
1,077,492 1,850,202
395,464 446,626 20,856,974 404,742,443 35,048,887 806,395
47,862 2,387,921 4,762,954
89,183 1,295,020 1,607,961
846,209
265,441

Combined Local Authorities

1,878,191,341

Combined Totals

24,111,495,657

ACTUARIAL ACCRUED LIABILITY
6,734,560 11,603,708
2,930,704 4,150,156 1,927,147 1,588,616 33,490,913 66,798,249
994,247 13,747,305 268,706,789
1,342,755 2,315,042
502,878 569,165 26,920,637 540,416,553 47,760,550 1,125,104
66,806 3,721,616 8,341,939
158,108 2,335,108 2,932,970 3,296,615 2,125,616
2,069,554,035
31,033,781,121

*1 - New plan for this reporting period. *2 - No amounts reported since plan is maintained on a pay-as-you-go basis. Contributions to the plan are generally made at about the same time and in
about the same amount as benefit payments and expenses become due. This is allowable since the plan was closed prior to 1983. *3 - Government has not submitted all information required and is not in compliance with O.C.G.A. 47-1-3. *4 - Plan was transferred from a single-employer plan to ACCG or GMEBS since last report. Current year ACCG or GMEBS data presented when available. *5 - The City of Macon and Bibb County consolidated into one government in 2014. This plan was formerly a City of Macon Plan *6 - The City of Macon and Bibb County consolidated into one government in 2014. This plan was formerly a Bibb County Plan *7 - Since City of Atlanta General Employees Pension Fund includes certain employees of the Atlanta Board of Education, information is provided with City of Atlanta.

FUNDED RATIO
90.89% 88.95% 88.84% 87.78% 87.66% 86.76% 86.64% 84.90% 82.87% 81.58% 80.54% 80.24% 79.92% 78.64% 78.47% 77.48% 74.89% 73.38% 71.67% 71.64% 64.16% 57.10% 56.41% 55.46% 54.82% 25.67% 12.49%
90.75%
77.69%

Page C2-12

Appendix D: Historical Trend Data of Funded Ratio

NAME OF GOVERNMENT
CITIES
Abbeville Retirement Plan, City of Acworth Retirement Plan, City of Adairsville Retirement Plan, City of Adel Retirement Plan, City of Alamo Retirement Plan, City of Albany Pension Plan, City of Alma Retirement Plan, City of Alpharetta Retirement Plan, City of Americus Retirement Plan, City of Aragon Retirement Plan, City of Ashburn Retirement Plan, City of Atlanta Firefighters' Pension Fund Atlanta General Employees Pension Fund
General Employees of the City of Atlanta Employees of the Atlanta Board of Education Atlanta Police Officers' Pension Fund Attapulgus Retirement Plan, City of Auburn Retirement Plan, City of Austell Retirement Plan, City of Avondale Estates Retirement Plan, City of Bainbridge Retirement Plan, City of Ball Ground Retirement Plan, City of Barnesville Retirement Plan, City of Baxley Retirement Plan, City of Berlin Retirement Plan, City of Blackshear Retirement Plan, City of Blairsville Retirement Plan, City of Blakely-Early County Department of Recreation Retirement Plan Blakely Retirement Plan, City of Bloomingdale Defined Benefit Plan, City of Blue Ridge Retirement Plan, City of Bowdon Retirement Plan, City of Bowman Retirement Plan, City of Braselton Retirement Plan, City of Bremen Retirement Plan, City of Brooklet Retirement Plan, City of Broxton Retirement Plan, City of Brunswick Retirement Plan, City of Buchanan Retirement Plan, City of Buena Vista Retirement Plan, City of Buford Retirement Plan, City of

ADMINISTRATOR
GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS Single-Employer GMEBS GMEBS GMEBS Single-Employer Single-Employer
Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS
GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS

FUNDED RATIO FROM APPENDIX C
110.41% 82.96% 87.37%
100.03% 148.68%
59.73% 90.54% 81.27% 83.91% 203.15% 90.03% 72.06%
72.21% 54.90% 75.47% 120.68% 92.80% 79.63% 85.87% 80.59% 76.26% 89.67% 96.75% 102.43% 94.36% 85.15%
123.36% 86.96% 83.07% 81.01% 97.20% 85.05% 21.25%
103.35% 151.76%
86.82% 62.45% 83.27% 126.60% 90.57%
Page D-1

2023 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
82.69% 78.15% 83.90% 101.05% 104.35% 64.20% 78.03% 88.17% 72.37% 166.32% 89.88% 80.20%
72.45% 35.65% 76.96% 118.94% 91.34% 84.47% 80.69% 80.91% 42.26% 94.67% 95.64% 104.72% 83.59% 84.64%
130.83% 74.86%
108.18% 83.12% 97.38% 79.02% 0.00% -90.91%
153.65% 74.39% 65.32% 85.42%
135.15% 85.39%

2021 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
76.37% 77.44% 79.88% 100.19% 100.83% 58.70% 75.06% 84.84% 86.43% 163.03% 93.36% 74.23%
69.41% 32.48% 77.62% 110.55% 94.41% 86.38% 86.83% 82.00% 20.00% 92.95% 98.34% 108.27% 81.99% 91.16%
152.98% 78.58% 96.97% 83.17% 99.38% 77.40%
Not Applicable 91.29%
139.70% 77.98% 60.16% 90.41%
126.62% 75.51%

2019 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
73.49% 82.22% 102.61% 93.57% 109.73% 58.84% 72.52% 85.71% 86.67% 155.05% 91.65% 74.74%
67.03% 25.70% 77.02% 108.98% 95.71% 106.95% 85.81% 85.86% 31.86% -94.90% 104.66% 111.85% 85.99% 95.39%
169.93% 84.10%
150.73% 88.16%
100.27% 75.34%
Not Applicable 90.87%
136.74% 82.70% 56.54% 90.96%
137.57% 82.50%

Appendix D: Historical Trend Data of Funded Ratio

NAME OF GOVERNMENT Butler Retirement Plan, City of Byron Retirement Plan, City of Cairo Retirement Plan, City of Calhoun Retirement Plan, City of Calhoun Retirement Plan, City of Camilla Retirement Plan, City of Canon Retirement Plan, City of Canton Retirement Plan, City of Carnesville Retirement Plan, City of Carrollton Retirement Plan, City of Cartersville Retirement Plan I, City of *4 Cartersville Retirement Plan II, City of *4 Cave Spring Retirement Plan, City of Cedartown Retirement Plan, City of Centerville Retirement Plan, City of Chamblee Retirement Plan, City of Chatsworth Retirement Plan, City of Chester Retirement Plan, City of Chickamauga Retirement Plan, City of Clarkesville Retirement Plan, City of Clarkston Retirement Plan, City of Claxton Retirement Plan, City of Clayton Employees' Retirement Plan *3 Cleveland Retirement Plan, City of Cochran Retirement Plan, City of College Park Retirement Plan, City of Colquitt Retirement Plan, City of Comer Retirement Plan, City of Commerce Retirement Plan, City of Conyers Retirement Plan, City of Cordele Retirement Plan, City of Cornelia Retirement Plan, City of Covington Retirement Plan, City of Cumming Retirement Plan, City of Cuthbert Retirement Plan, City of Dacula Retirement Plan, City of Dahlonega Retirement Plan, City of Dallas Retirement Plan, City of Dalton Employees Pension Plan, City of Danielsville Retirement Plan, City of Darien Retirement Plan, City of Davisboro Retirement Plan, City of Dawson Retirement Plan, City of Dawsonville Retirement Plan, City of

ADMINISTRATOR GMEBS GMEBS GMEBS GMEBS Single-Employer, Closed GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS

FUNDED RATIO FROM APPENDIX C
104.83% 86.58% 93.57% 93.22%
*2 90.43% 79.77% 79.76% 72.02% 70.83%
109.01% 385.62%
78.86% 71.64% 97.05% 90.90% 98.03% 82.62% 73.63% 85.73% 80.56% 80.77% *3 90.84% 98.22% 71.94% 81.33% 132.96% 110.66% 80.38% 81.13% 82.69% 76.31% 93.34% 112.39% 78.00% 94.36% 72.43% 88.22% 119.43% 95.88% 91.96% 85.58% 82.63%
Page D-2

2023 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
95.35% 83.20% 91.17% 100.37% *2 87.68% 79.74% 85.31% 72.49% 67.55% 81.16% 201.37% 82.59% 70.12% 116.19% 89.76% 92.00% 87.77% 75.47% 87.17% 73.04% 81.55% *3 86.84% 95.43% 77.78% 80.99% 92.30% 116.61% 79.66% 87.70% 81.12% 78.66% 92.24% 113.70% 69.67% 91.84% 73.38% 104.78% 96.53% 96.99% 85.16% 93.77% 84.81%

2021 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
94.34% 81.07% 89.39% 97.37% *2 89.55% 86.89% 81.83% 76.17% 80.62% 77.21% 121.29% 87.61% 76.40% 119.20% 94.02% 96.69% 91.39% 82.61% 91.64% 70.37% 76.60% 62.22% 88.12% 96.68% 79.73% 80.94% 94.69% 116.65% 78.54% 87.13% 81.92% 72.52% 91.42% 116.36% 77.64% 86.56% 77.14% 89.30% 101.95% 90.12% 83.59% 96.96% 93.09%

2019 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
95.55% 81.16% 88.53% 97.03% *2 95.65% 87.89% 84.73% 71.97% 82.82% 81.40% 328.14% -90.06% 79.53% 120.03% 97.53% 100.13% 124.15% 118.73% 95.61% 69.82% 74.75% 68.61% 90.27% 96.97% 79.64% 95.95% 96.04% 115.48% 80.39% 94.33% 86.69% 77.12% 96.39% 93.14% 84.14% 90.41% 83.05% 82.35% 100.98% 91.30% 72.74% 101.16% 101.19%

Appendix D: Historical Trend Data of Funded Ratio

NAME OF GOVERNMENT Decatur Employees' Retirement System Demorest Retirement Plan, City of Doerun Retirement Plan, City of Donalsonville Retirement Plan, City of Doraville Retirement Plan, City of Douglas Retirement Plan, City of Douglasville Retirement Plan, City of Dublin Retirement Plan, City of Duluth Retirement Plan, City of East Ellijay Retirement Plan, City of East Point Retirement Plan, City of Eastman Retirement Plan, City of Eatonton Retirement Plan, City of Elberton Retirement Plan, City of Ellaville Retirement Plan, City of Ellijay Retirement Plan, City of Emerson Retirement Plan, City of Enigma Retirement Plan, Town of Fairburn Retirement Plan, City of Fayetteville Retirement Plan, City of Fitzgerald Retirement Plan, City of Flowery Branch Retirement Plan, City of Forsyth Retirement Plan for Employees, City of Fort Oglethorpe Retirement Plan, City of Fort Valley Retirement Plan, City of Franklin Retirement Plan, City of Gainesville Retirement Plan, City of Gainesville Retirement Plan A, City of Garden City Retirement Plan, City of Gibson Retirement Plan, City of Glennville Retirement Plan, City of Gordon Retirement Plan, City of Grantville Retirement Plan, City of Gray Retirement Plan, City of Greensboro Retirement Plan, City of Greenville Retirement Plan, City of Griffin Retirement Plan, City of Grovetown Retirement Plan, City of Guyton Retirement Plan, City of Hagan Retirement Plan, City of Hahira Retirement Plan, City of Hampton Retirement Plan, City of Hapeville Retirement Plan, City of Harlem Retirement Plan, City of

ADMINISTRATOR Single-Employer GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS

FUNDED RATIO FROM APPENDIX C
85.37% 85.90% 106.92% 82.17% 74.24% 93.24% 80.35% 81.06% 112.29% 124.83% 102.49% 76.67% 98.23% 95.92% 68.29% 111.01% 85.98% 105.87% 94.13% 76.26% 87.13% 60.69% 80.15% 82.79% 88.64% 74.20% 66.77% 90.14% 68.08% 156.95% 90.61% 95.80% 35.19% 60.13% 70.91% 96.00% 78.55% 96.20% 100.93% 133.56% 89.70% 86.97% 69.05% 85.29%
Page D-3

2023 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
83.00% 76.20% 93.24% 88.45% 82.65% 94.13% 90.84% 80.84% 111.40% 136.04% 95.15% 85.21% 93.33% 101.91% 67.72% 120.54% 95.03% 113.43% 102.06% 76.67% 89.23% 71.24% 72.81% 77.80% 76.20% 87.93% 69.74% 88.41% 80.30% 141.93% 99.29% 95.26%
0.64% -66.24% 84.44% 95.24% 72.39% 97.23% 108.33% 118.83% 81.96% 89.61% 77.09% 83.44%

2021 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
78.81% 76.72% 99.61% 94.83% 85.07% 94.76% 93.70% 78.89% 109.41% 122.27% 81.50% 81.46% 93.15% 114.62% 64.95% 125.30% 93.47% 159.05% 104.36% 84.31% 91.91% 62.12% 84.20% 80.62% 76.90% 95.39% 65.88% 89.91% 83.23% 151.82% 98.35% 95.10% Not Applicable 85.97% 83.69% 94.73% 72.24% 88.14% 118.75% 127.64% 83.60% 86.97% 81.08% 75.82%

2019 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
78.92% 78.06% 104.22% 96.34% 84.19% 92.17% 99.05% 80.97% 103.46% 114.58% 78.84% 77.94% 93.82% 117.22% 69.35% 127.75% 98.45% 160.66% 105.30% 79.58% 95.13% 53.35% 92.04% 86.53% 75.01% 101.12% 63.31% 92.15% 86.43% 148.63% 94.68% 99.88% Not Applicable 93.34% 95.31% 86.34% 81.72% 93.22% 120.67% 120.12% 83.27% 94.21% 93.17% 73.67%

Appendix D: Historical Trend Data of Funded Ratio

NAME OF GOVERNMENT Hartwell Retirement Plan, City of Hawkinsville Retirement Plan, City of Hazlehurst Retirement Plan, City of Hephzibah Retirement Plan, City of Hiawassee Retirement Plan, City of Hinesville Retirement Plan, City of Hiram Retirement Plan, City of Hogansville Retirement Plan, City of Holly Springs Retirement Plan, City of Jackson Retirement Plan, City of Jasper Retirement Plan, City of Jefferson Retirement Plan, City of Jeffersonville Retirement Plan, City of Jesup Retirement Plan, City of Jonesboro Retirement Plan, City of Kennesaw Retirement Plan, City of Kingsland Retirement Plan, City of LaFayette Retirement Plan, City of LaGrange Retirement Plan, City of Lake City Retirement Plan, City of Lake Park Retirement Plan, City of Lakeland Retirement Plan, City of Lavonia Retirement Plan, City of Leesburg Retirement Plan, City of Lenox Retirement Plan, City of Lincolnton Retirement Plan, City of Lithonia Retirement Plan, City of Locust Grove Retirement Plan, City of Loganville Retirement Plan, City of Lookout Mountain Retirement Plan, City of Louisville Retirement Plan, City of Lovejoy Retirement Plan, City of Lumpkin Retirement Plan, City of Lyons Retirement Plan, City of Madison Retirement Plan, City of Manchester Retirement Plan, City of Marietta General Pension Plan, City of Marshallville Retirement Plan, City of McDonough Retirement Plan, City of McRae Retirement Plan, City of Menlo Retirement Plan, City of Midville Retirement Plan, City of Midway Retirement Plan, City of Milledgeville Retirement Plan

ADMINISTRATOR GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer

FUNDED RATIO FROM APPENDIX C
85.84% 97.99% 106.73% 95.90% 129.04% 88.25% 102.32% 95.99% 91.26% 98.15% 69.05% 104.98% 76.13% 83.47% 101.16% 83.05% 97.36% 93.98% 85.01% 110.92% 84.00% 41.07% 89.37% 87.28% 84.16% 78.21% 125.32% 73.64% 90.98% 93.78% 97.90% 65.14% 87.20% 102.57% 88.60% 89.32% 65.60% 92.81% 78.02% 103.31% 87.82% 124.02% 87.62% *3
Page D-4

2023 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
85.82% 84.05% 105.51% 98.76% 122.07% 86.29% 101.74% 91.39% 88.41% 96.02% 72.94% 93.51% 86.95% 82.35% 91.28% 82.57% 99.51% 91.32% 82.82% 98.00% 79.60% 16.00% -102.06% 83.90% 78.21% 83.35% 127.47% 80.06% 89.77% 90.85% 95.10% 49.15% 90.83% 90.22% 97.21% 90.31% 67.93% 87.80% 73.51% 85.80% 95.24% 101.28% 92.61% 100.90%

2021 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
90.68% 85.71% 107.51% 101.10% 113.16% 85.98% 94.07% 93.48% 89.28% 95.64% 99.10% 91.38% 90.09% 83.00% 100.81% 83.14% 99.07% 90.23% 81.53% 91.84% 82.89% Not Applicable 103.90% 84.69% 76.47% 89.68% 152.52% 86.14% 89.08% 86.86% 92.62% 32.47% 95.15% 90.26% 100.16% 91.21% 54.82% 81.71% 65.57% 84.12% 90.70% 106.02% 90.24% 99.32%

2019 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
94.59% 90.41% 112.58% 84.33% 94.81% 91.27% 86.16% 98.48% 97.49% 118.45% 112.53% 97.11% 81.36% 82.71% 102.85% 85.77% 97.71% 94.52% 81.47% 88.69% 88.13% Not Applicable 105.39% 93.28% 78.50% 97.55% 164.46% 96.67% 88.94% 80.07% 91.99%
5.36% -99.81% 96.30% 100.58% 88.32% 56.75% 77.01% 68.74% 85.07% 87.84% 81.84% 102.94% 94.46%

Appendix D: Historical Trend Data of Funded Ratio

NAME OF GOVERNMENT Millen Retirement Plan, City of Milton Retirement Plan, City of Monroe Retirement Plan, City of Montezuma Retirement Plan, City of Monticello Retirement Plan, City of Morrow Retirement Plan, City of Moultrie Pension Plan, City of Mount Airy Retirement Plan, Town of Mount Vernon Retirement Plan, City of Mount Zion Retirement Plan, City of Nahunta Retirement Plan, City of Nashville Retirement Plan, City of Newnan Retirement Plan, City of Nicholls Retirement Plan, City of Nicholson Retirement Plan, City of Norcross Retirement Plan, City of Oakwood Retirement Plan, City of Ocilla Retirement Plan, City of Oglethorpe Retirement Plan, City of Oxford Retirement Plan, Town of Palmetto Retirement Plan, City of Patterson Retirement Plan, City of Peachtree City Retirement Plan, City of Pelham Retirement Plan, City of Pembroke Retirement Plan, City of Pendergrass Retirement Plan, City of *1 Perry Retirement Plan, City of Pine Mountain Retirement Plan, Town of Pooler Retirement Plan, City of Port Wentworth Retirement Plan, City of Portal Retirement Plan, Town of Powder Springs Retirement Plan, City of Quitman Retirement Plan, City of Reidsville Retirement Plan, City of Remerton Retirement Plan, City of Reynolds Retirement Plan, City of Riceboro Retirement Plan, City of Richmond Hill Retirement Plan, City of Rincon Retirement Plan, City of Riverdale Retirement Plan, City of *1 Roberta Retirement Plan, City of Rochelle Retirement Plan, City of Rockmart Retirement Plan, City of Rome Retirement Plan, City of

ADMINISTRATOR GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS

FUNDED RATIO FROM APPENDIX C
102.06% 88.16% 82.50% 93.88% 95.51% 94.95% 90.14% 96.66% 97.24% 86.37% 79.41% 96.82% 76.90%
103.49% 95.17% 87.89% 74.63% 62.94%
114.59% 98.33% 93.94%
115.99% 79.93% 95.73% 94.13% 24.80% --
108.70% 85.16% 79.96% 94.82% 75.30% 91.88% 94.21% 90.73% 71.17% 96.87% 84.80% 87.78% 93.95% 66.61% -79.95% 91.21% 82.05% 80.47%
Page D-5

2023 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
91.55% 91.71% 83.04% 92.38% 91.15% 94.12% 90.19% 83.51% 92.27% 91.30% 103.14% 89.68% 75.57% 98.97% 90.91% 95.27% 62.71% 65.34% 98.35% 75.84% 91.09% 91.38% 88.72% 91.36% 87.31% Not Applicable 110.69% 81.51% 74.33% 108.56% 79.11% 93.68% 90.84% 90.11% 87.93% 85.21% 78.14% 97.30% 104.51% Not Applicable 79.69% 87.37% 87.34% 77.90%

2021 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
93.19% 94.58% 83.54% 93.25% 96.66% 89.64% 80.55% 86.90% 90.31% 88.80% 102.84% 87.72% 81.17% 106.74% 96.42% 96.05% 67.68% 65.30% 106.26% 74.32% 91.72% 95.04% 85.11% 89.14% 93.31% Not Applicable 106.86% 83.17% 77.12% 109.65% 71.54% 88.66% 88.92% 86.03% 99.95% 84.09% 84.85% 98.14% 102.49% Not Applicable 73.15% 87.71% 87.68% 83.50%

2019 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
94.91% 102.54%
81.16% 99.94% 99.79% 103.43% 86.84% 83.18% 94.51% 91.78% 105.12% 90.14% 86.51% 108.28% 76.08% 95.66% 64.76% 89.22% 132.77% 73.27% 99.86% 96.93% 87.52% 88.10% 92.04% Not Applicable 104.95% 87.40% 79.99% 113.04% 70.96% 89.36% 87.14% 89.71% 98.37% 86.75% 86.86% 100.39% 102.72% Not Applicable 85.80% 90.92% 88.31% 87.43%

Appendix D: Historical Trend Data of Funded Ratio

NAME OF GOVERNMENT Rossville Retirement Plan, City of Roswell Retirement Plan, City of Royston Retirement Plan, City of Sandersville Retirement Plan, City of Savannah Employees Retirement Plan, City of Savannah Pension Plan 2 Senoia Retirement Plan, City of Sky Valley Retirement Plan, City of Smithville Retirement Plan, City of Smyrna Retirement Plan, City of Snellville Retirement Plan, City of Social Circle Retirement Plan, City of Soperton Retirement Plan, City of Springfield Retirement Plan, City of St. Marys Retirement Plan, City of Statesboro Retirement Plan, City of Stockbridge Retirement Plan, City of Stone Mountain Retirement Plan, City of Sugar Hill Retirement Plan, City of Summerville Retirement Plan, City of Suwanee Retirement Plan, City of Swainsboro Retirement Plan, City of Sylvania Retirement Plan, City of Sylvester Retirement Plan, City of Tallapoosa Retirement Plan, City of Temple Retirement Plan, City of Tennille Retirement Plan, City of Thomaston Retirement Plan, City of Thomasville Pension Plan, City of Thomson Retirement Plan, City of Thunderbolt Retirement Plan, City of Tifton Retirement Plan, City of Toccoa Retirement Plan, City of Trion Retirement Plan, Town of Tybee Island Retirement Plan, City of Tyrone Retirement Plan, Town of Union City Retirement Plan, City of Union Point Retirement Plan, City of Valdosta Retirement Plan, City of Vidalia Retirement Plan, City of Vienna Retirement Plan, City of Villa Rica Retirement Plan, City of Wadley Retirement Plan, City of Waleska Retirement Plan, City of

ADMINISTRATOR GMEBS GMEBS GMEBS GMEBS Single-Employer Single-Employer, Closed GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS

FUNDED RATIO FROM APPENDIX C
84.18% 80.32% 78.48% 83.75% 80.46% *2 59.55% 87.46% 84.83% 78.80% 258.65% 91.49% 75.04% 88.01% 91.89% 82.14% 89.02% 106.12% 94.04% 99.41% 160.47% 120.42% 87.31% 72.40% 116.81% 80.29% 142.95% 81.51% 104.83% 87.64% 71.92% 96.52% 100.91% 108.09% 83.33% 86.35% 79.22% 96.14% 51.68% 92.86% 93.85% 87.00% 117.35% 112.73%
Page D-6

2023 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
86.02% 80.98% 93.20% 88.60% 84.62% *2 88.92% 85.73% 108.40% 79.70% 288.85% 95.05% 93.52% 86.45% 71.96% 85.01% 96.87% 118.20% 95.54% 97.33% 167.35% 118.94% 74.40% 86.57% 103.18% 81.04% 134.52% 75.77% 110.51% 83.49% 66.21% 84.39% 103.21% 103.12% 92.01% 88.40% 76.55% 84.38% 51.06% 87.13% 95.37% 85.92% 96.00% 128.34%

2021 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
80.44% 80.88% 86.23% 87.98% 79.62% *2 93.74% 88.67% 118.99% 78.54% 232.02% 106.18% 93.31% 94.57% 71.60% 91.76% 97.19% 110.71% 92.00% -95.66% 166.53% 122.31% 74.86% 88.50% 101.44% 87.14% 135.37% 80.27% 104.80% 86.76% 74.32% 77.32% 103.42% 101.15% 94.76% 100.44% 72.44% 81.10% 51.44% 88.35% 93.08% 83.98% 106.30% 129.72%

2019 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
77.92% 86.11% 82.31% 91.23% 82.14% *2 100.11% 92.72% 126.47% 82.29% 233.99% 103.02% 94.23% 100.65% 78.73% 123.02% 97.29% 108.00% Not Applicable 94.50% 157.56% 123.63% 86.53% 89.80% 97.02% 93.16% 152.60% 84.70% 108.39% 89.55% 81.31% 61.77% 102.07% 99.63% 91.89% 99.29% 75.34% 85.54% 53.22% 89.68% 91.37% 94.48% 108.01% 169.37%

Appendix D: Historical Trend Data of Funded Ratio

NAME OF GOVERNMENT Walthourville Retirement Plan, City of Warm Springs Retirement Plan, City of Warner Robins Retirement Plan, City of Warrenton Retirement Plan, City of Washington Retirement Plan, City of Waycross Retirement Plan, City of Waynesboro Retirement Plan, City of West Point Pension Plan, City of Whigham Retirement Plan, City of White Retirement Plan, City of Whitesburg Retirement Plan, City of Willacoochee Retirement Plan, City of Winder Retirement Plan, City of Woodbine Retirement Plan, City of Woodbury Retirement Plan, City of Woodstock Retirement Plan, City of Wrens Retirement Plan, City of Wrightsville Retirement Plan, City of
COUNTIES
Appling County Pension Plan Bacon County Pension Plan Baldwin County Pension Plan Banks County Pension Plan Barrow County Pension Plan Bartow County Pension Plan Ben Hill County Pension Plan Bleckley County Pension Plan Brooks County Pension Plan Bryan County Pension Plan Burke County Pension Plan Butts County Pension Plan Carroll County Pension Plan Charlton County Pension Plan Chatham County Employees Retirement Plan Cherokee County Pension Plan Clayton County Pension Plan Clinch County Pension Plan Cobb County Board of
Commissioners Retirement Income Plan Coffee County Pension Plan Colquitt County Pension Plan Coweta County Pension Plan

ADMINISTRATOR GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS
ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG Single-Employer ACCG Single-Employer ACCG
Single-Employer ACCG ACCG Single-Employer

FUNDED RATIO FROM APPENDIX C
97.77% 107.20%
87.64% 130.36%
91.94% 86.10% 87.65% 76.89% 92.12% 107.57% 89.76% 85.52% 80.08% 129.49% 89.08% 82.41% 88.45% 103.48%
87.71% 88.90% 100.00% 79.67% 70.04% 85.92% 81.64% 79.61% 73.97% 67.58% 67.28% 62.60% 66.40% 89.33% 90.73% 60.97% 61.04% 125.07%
61.35% 86.68% 84.79% 64.32%
Page D-7

2023 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
95.88% 100.22%
91.54% 127.33%
86.25% 80.07% 85.60% 74.58% 95.33% 108.33% 82.71% 79.95% 77.26% 128.18% 88.41% 83.30% 84.42% 89.68%
82.09% 78.62% 59.10% 86.93% 74.99% 62.49% 79.02% 77.50% 80.94% 69.74% 62.82% 56.35% 62.64% 77.42% 91.37% 54.87% 64.01% 98.03%
60.44% 85.23% 78.87% 67.80%

2021 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
108.62% 109.17%
93.34% 137.22%
90.11% 78.35% 82.97% 75.42% 103.93% 110.70% 90.66% 80.27% 78.21% 128.29% 98.52% 79.02% 89.34% 81.00%
77.76% 80.45% 56.87% 83.54% 76.25% 55.93% 79.36% 79.65% 82.01% 67.70% 59.29% 58.39% 76.73% 81.23% 89.28% 48.58% 66.65% 84.75%
51.52% 78.94% 75.78% 65.07%

2019 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
106.35% 118.61% 100.55% 149.98%
96.01% 79.48% 87.30% 80.53% 109.13% 103.36% 95.65% 73.55% 77.55% 113.05% 102.78% 79.72% 92.92% 78.52%
86.94% 75.84% 57.83% 85.41% 78.26% 60.85% 71.60% 83.46% 81.93% 69.72% 61.12% 66.35% 81.18% 78.98% 81.93% 52.15% 70.27% 82.30%
52.14% 81.62% 73.89% 65.00%

Appendix D: Historical Trend Data of Funded Ratio

NAME OF GOVERNMENT Crawford County Pension Plan Crisp County Pension Plan Dawson County Pension Plan Decatur County Pension Plan DeKalb County Pension Plan Dodge County Pension Plan Dooly County Pension Plan Dougherty County Retirement Plan Douglas County Pension Plan Douglas County Employee Defined Benefit Plan Early County Pension Plan *4 Elbert County Pension Plan Evans County Pension Plan Fannin County Pension Plan Fayette County Pension Plan Floyd County Pension Plan Forsyth County Defined Benefit Plan Franklin County Pension Plan Fulton County Employees' Pension Plan Glynn County Board
of Commissioners Pension Plan Gordon County Pension Plan *1 Grady County Pension Plan Greene County Pension Plan Gwinnett County Pension Plan Habersham County Employees' Retirement Plan Hall County Pension Plan Hancock County Pension Plan Haralson County Pension Plan Harris County Pension Plan Heard County Pension Plan Henry County Pension Plan Houston County Pension Plan Jackson County Pension Plan Jasper County Pension Plan Jeff Davis County Pension Plan Jenkins County Pension Plan Jones County Pension Plan Lamar County Pension Plan Laurens County Pension Plan Lee County Retirement Plan Liberty County, Retirement Plan of Lincoln County Pension Plan Long County Pension Plan *1

ADMINISTRATOR ACCG ACCG ACCG ACCG Single-Employer ACCG ACCG Single-Employer ACCG Single-Employer, Closed ACCG ACCG ACCG ACCG ACCG ACCG Single-Employer ACCG Single-Employer
Single-Employer ACCG ACCG ACCG Single-Employer ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG

FUNDED RATIO FROM APPENDIX C
90.17% 77.40% 72.32% 84.16% 58.01% 89.40% 56.12% 87.68% 63.97% *2 80.50% 99.61% 124.25% 81.35% 70.96% 71.22% 104.83% 94.95% 79.53%
80.17% 70.27% 90.36% 80.54% 81.13% 87.13% 96.72% 80.44% 99.14% 72.04% 90.90% 69.71% 81.27% 73.91% 124.82% 76.94% 100.58% 77.61% 80.85% 78.20% 76.98% 60.61% 78.01%
3.80% --
Page D-8

2023 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
83.37% 72.53% 71.92% 76.80% 55.66% 64.37% 68.77% 90.47% 57.35% *2 77.01% 93.08% 106.16% 75.88% 73.20% 70.61% 118.27% 88.68% 78.77%
90.54%
82.56% 74.07% 81.51% 84.77% 57.72% 82.50% 92.89% 73.85% 90.26% 66.32% 76.37% 67.03% 111.30% 79.63% 98.74% 74.16% 78.99% 75.92% 74.89% 54.70% 76.23% Not Applicable

2021 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
87.89% 66.91% 86.36% 71.49% 54.07% 72.75% 64.80% 90.04% 53.22% *2 71.06% 89.67% 62.77% 77.86% 94.25% 76.60% 95.40% 81.69% 70.65%
83.19%
75.54% 70.87% 74.12% 84.06% 37.80% 74.99% 87.79% 77.60% 89.26% 64.22% 74.33% 66.12% 105.51% 76.13% 96.04% 70.41% 79.88% 77.74% 77.27% 58.08% -75.16% Not Applicable

2019 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
85.31% 69.16% 90.50% 73.85% 52.84% 78.10% 59.02% 88.86% 51.13% *2 83.32% 85.96% 58.33% 77.11% 102.14% 80.25% 90.54% 81.13% 71.79%
91.27%
80.37% 76.32% 80.39% 86.27% 34.48% 77.57% 82.08% 74.34% 80.65% 66.38% 74.99% 72.41% 107.09% 84.21% 77.52% 71.52% 80.00% 78.27% 71.08% Not Applicable 75.87% Not Applicable

Appendix D: Historical Trend Data of Funded Ratio

NAME OF GOVERNMENT Lowndes County Pension Plan Lumpkin County Pension Plan Madison County Pension Plan Marion County Pension Plan McDuffie County Pension Plan McIntosh County Pension Plan Miller County Pension Plan Mitchell County Pension Plan Monroe County Pension Plan Morgan County Pension Plan Murray County Pension Plan Newton County Pension Plan Oconee County Pension Plan Oglethorpe County Pension Plan Paulding County Pension Plan Peach County Retirement Plan Pickens County Pension Plan Pike County Pension Plan *1 Polk County Board of Commissioners
Employees' Retirement Income Plan Pulaski County Pension Plan Putnam County Pension Plan Rabun County Pension Plan Rockdale County Pension Plan Schley County Pension Plan Seminole County Pension Plan Spalding County Pension Plan Sumter County Pension Plan Tattnall County Pension Plan Telfair County Pension Plan Thomas County Pension Plan Tift County Pension Plan Toombs County Pension Plan Treutlen County Pension Plan Troup County Pension Plan Turner County Pension Plan Upson County Retirement Plan Walker County Commissioners' & Sheriff's
Department Defined Benefit Pension Plan Walton County Pension Plan Ware County Pension Plan Warren County Retirement Plan Washington County Pension Plan Whitfield County Pension Plan

ADMINISTRATOR ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG
ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG
Single-Employer ACCG ACCG ACCG ACCG ACCG

FUNDED RATIO FROM APPENDIX C
75.30% 65.17% 80.81% 96.84% 80.77% 85.75% 90.12% 74.71% 80.17% 84.50% 80.69% 87.71% 81.12% 90.31% 69.11% 82.72% 59.94% 14.34% --
73.55% 117.44%
83.25% 87.79% 70.01% 66.44% 80.92% 69.50% 82.30% 79.43% 81.51% 87.70% 89.29% 87.09% 80.60% 73.82% 74.45% 97.28%
86.36% 67.31% 72.30% 89.15% 79.01% 82.56%
Page D-9

2023 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
70.27% 61.81% 77.84% 84.52% 79.61% 78.38% 82.66% 69.63% 77.37% 82.03% 76.87% 65.08% 72.30% 90.93% 63.31% 73.49% 54.44% Not Applicable
76.52% 98.53% 75.05% 79.74% 65.05% 45.75% 81.38% 63.25% 78.64% 74.68% 77.20% 88.47% 71.93% 82.47% 72.20% 70.74% 67.84% 95.58%
68.77% 66.37% 74.43% 80.70% 71.97% 77.91%

2021 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
67.41% 58.21% 75.36% 73.98% 85.16% 75.56% 80.53% 74.59% 78.05% 81.75% 74.95% 56.08% 68.96% 92.73% 71.99% 83.41% 49.72% Not Applicable
82.25% 97.85% 71.05% 74.70% 66.93% 44.30% 83.56% 58.84% 75.22% 76.44% 72.80% 88.61% 67.13% 83.46% 71.79% 74.37% 61.67% 107.17%
56.84% 58.41% 83.53% 76.95% 70.26% 78.26%

2019 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
66.24% 66.38% 73.23% 71.12% 89.92% 71.78% 77.13% 78.38% 81.09% 86.46% 84.84% 51.45% 66.68% 94.09% 76.53% 82.53% 47.07% Not Applicable
88.74% 90.09% 74.74% 73.33% 72.75% 46.74% 82.25% 76.38% 61.31% 77.98% 77.95% 87.27% 77.75% 80.48% 75.61% 75.46% 70.54% 128.55%
41.85% 80.67% 78.63% 76.48% 70.87% 80.74%

Appendix D: Historical Trend Data of Funded Ratio

NAME OF GOVERNMENT Wilcox County Pension Plan Wilkes County Pension Plan Wilkinson County Pension Plan

ADMINISTRATOR ACCG ACCG ACCG

FUNDED RATIO FROM APPENDIX C
86.30% 68.47% 87.77%

2023 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
81.56% 60.27% 81.21%

CONSOLIDATED GOVERNMENTS
Athens-Clarke County Employees' Pension Plan Augusta City Employees Pension Plan Augusta Firemen's Pension Fund Augusta General Retirement Plan 1949 Augusta Policemen's Pension Fund Augusta Richmond County Retirement Plan Augusta Richmond County
Planning Commission Retirement Plan Columbus Consolidated Government
Employees' Pension Plan Columbus Consolidated Government Plan for
Employees of the Department of Public Safety Georgetown-Quitman Unified County Retirement Plan Macon-Bibb County Fire & Police Retirement System *5 Macon-Bibb County Pension Plan *6 Macon-Bibb County Pension Plan Division A *5 Richmond County Employee Pension Fund (1945)
REGIONAL COMMISSIONS
Atlanta Regional Commission Retirement Plan Coastal Georgia RC Retirement Plan Georgia Mountains RC Retirement Plan Heart of Georgia Altamaha RC Retirement Plan Middle Georgia RC Retirement Plan Northeast Georgia RC Retirement Plan Northwest Georgia RC Retirement Plan Southern Georgia RC Retirement Plan Southwest Georgia RC Retirement Plan

Single-Employer Single-Employer, Closed Single-Employer, Closed Single-Employer, Closed Single-Employer, Closed GMEBS
GMEBS
Single-Employer
Single-Employer GMEBS Single-Employer Single-Employer Single-Employer Single-Employer, Closed
ACCG GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer

LOCAL BOARDS OF EDUCATION

Fulton County School Employees' Pension Fund Gwinnett County Board of Education Retirement System Polk County Board of Education Retirement System City of Atlanta Board of Education - Superintendent Plan *7

Single-Employer Single-Employer Single-Employer Single-Employer

85.98% *2 *2
89.66% *2
83.73%
126.03%
100.69%
90.80% 70.04% 91.75% 60.06% 92.85% 82.92%
113.50% 87.70% 93.67% 88.47% 96.82% 99.94% 89.75% 89.35% 50.43%
93.49% 93.99% 63.98% 112.71%

88.37% *2 *2
92.30% *2
79.55%
110.94%
101.84%
94.39% 70.60% 125.40% 62.12% 95.58% 85.44%
115.58% 84.92% 96.98% 90.95% 87.26%
102.60% 93.08% 86.06% 44.72%
93.52% 93.15% 66.12% 66.13%

Page D-10

2021 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
75.91% 63.85% 81.49%
85.08% *2 *2
80.25% *2
82.80%
111.60%
97.76%
88.01% 71.53% 104.53% 53.66% 89.22% 76.50%
78.97% 87.02% 97.30% 91.58% 87.00% 103.88% 94.69% 86.24% 45.03%
85.79% 92.34% 64.75% 99.95%

2019 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
72.09% 65.25% 79.04%
89.72% *2 *2
86.46% *2
91.94%
112.75%
92.49%
84.36% 72.94% 103.71% 62.89% 90.33% 91.16%
97.13% 89.27% 94.77% 96.75% 91.95% 102.85% 97.57% 86.47% 47.03%
80.05% 96.44% 64.00% 102.03% --

Appendix D: Historical Trend Data of Funded Ratio

NAME OF GOVERNMENT LOCAL AUTHORITIES
Austell Gas System Retirement Plan Bainbridge Decatur County Recreation Authority Brunswick - Glynn County Joint
Water & Sewer Commission Calhoun Housing Authority *1 Carroll County Water Authority Chatsworth Water Commission Cherokee County Water and Sewerage Authority Cobb County-Marietta Water Authority Development Authority of Appling County Douglasville-Douglas County
Water and Sewage Authority Dublin-Laurens County Recreation Authority Eatonton-Putnam County Water and Sewer Authority Ellijay-Gilmer County Water & Sewer Authority Fitzgerald Water, Light, and Bond Commission Flint Area Consolidated Housing Authority Fort Valley Utilities Commission Fulton-DeKalb Hospital Authority Haralson County Water Authority Heard County Water Authority Henry County Water and Sewerage Authority Hospital Authority of Floyd County Hospital Authority of Valdosta and
Lowndes County, Georgia Hospital Authority of Washington County *3 Housing Authority of the City of Clayton, Georgia Housing Authority of the City of Conyers Housing Authority of the City of Covington Housing Authority of the City of Lavonia Housing Authority of the City of Mt. Vernon Housing Authority of the City of Vidalia Housing Authority of the City of Vienna Housing Authority of the City of Villa Rica Jackson County Water and Sewerage Authority Jasper County Joint 911 Authority Jonesboro Housing Authority LaGrange Housing Authority LaGrange-Troup County Hospital Authority Liberty Consolidated Planning Commission Macon Water Authority Macon-Bibb County Transit Authority

ADMINISTRATOR
Single-Employer GMEBS
GMEBS GMEBS Single-Employer GMEBS GMEBS Single-Employer ACCG
GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer ACCG GMEBS GMEBS Single-Employer
Single-Employer Single-Employer GMEBS GMEBS ACCG GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS Single-Employer Single-Employer

FUNDED RATIO FROM APPENDIX C
86.64% 78.47%
88.95% 71.64% -90.89% 88.84% 73.38% 101.54% 110.72%
93.79% 119.13% 129.78%
80.24% 81.58% 93.34% 98.39% 80.54% 87.66% 94.36% 104.60% 77.48%
100.60% 12.49% -91.77% 86.76% 71.67% 82.87% 98.67%
129.58% 114.17% 104.40%
55.46% 100.21%
87.78% 94.66% 84.90% 97.27% 95.88% 57.10%
Page D-11

2023 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
87.60% 80.44%
81.81% Not Applicable
80.04% 85.09% 72.12% 105.55% 100.01% --
99.97% 119.29% 126.96%
78.53% 77.60% 91.26% 96.50% 77.60% 85.98% 94.61% 105.53% 81.40%
101.44% -- --
63.21% 71.44% 86.52% 85.10% 81.82% 149.59% 111.88% 103.76% 47.19% 86.55% 87.40% 95.02% 87.75% 98.72% 102.03% 55.81%

2021 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
90.97% 87.73%
73.06% Not Applicable
75.61% 86.05% 70.91% 100.79% Not Applicable
99.48% 99.10% 121.41% 77.04% 80.59% 89.44% 95.75% 75.77% 84.36% 98.02% 95.36% 64.64%
93.31% 7.07% --
57.11% 75.00% 54.69% 81.67% 79.93% 178.07% 111.31% 109.11% 48.00% 88.62% 86.75% 109.78% 76.55% 90.81% 101.77% 50.86%

2019 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
91.70% 96.08%
71.40% Not Applicable
73.58% 87.93% 76.67% 100.38% Not Applicable
105.86% 92.45%
128.29% 75.67% 77.57% 83.00% 94.48% 76.56% 85.97% 94.44%
102.25% 75.57%
93.85% -- --
53.38% 80.88% 51.73% 77.90% 76.13% 208.98% 107.19% 114.42% 31.31% 88.24% 87.60% 117.23% 77.21% 95.83% 79.53% 49.30%

Appendix D: Historical Trend Data of Funded Ratio

NAME OF GOVERNMENT Metropolitan Atlanta Rapid Transit Authority
ATU Local 732 Union Plan Metro Atlanta Rapid Transit Authority
Non-Represented Pension Plan Middle Flint Regional E-911 Authority Newnan Water and Light Commission Northeast Georgia Housing Authority Polk County Water, Sewage and Solid Waste Authority Satilla Regional Water and Sewer Authority Sinclair Water Authority Towns County Water & Sewer Authority Unadilla Housing Authority Valdosta-Lowndes County Parks and
Recreation Authority Walker County Water and Sewage Authority

ADMINISTRATOR
Single-Employer
Single-Employer ACCG Single-Employer GMEBS Single-Employer ACCG GMEBS GMEBS GMEBS
GMEBS Single-Employer

FUNDED RATIO FROM APPENDIX C
108.33%
74.89% 105.65%
94.19% 105.25%
79.92% 25.67% 56.41% 78.64% 120.88%
64.16% 54.82%

Funded ratio increased compared to prior report. Funded ratio decreased compared to prior report. -- Increase or decrease not able to be determined due to either the plan being newly created or the aggregate method was used in the prior year.

2023 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
108.39%
86.03% 115.85%
99.69% 96.50% 72.43% 17.44% -81.35% 80.41% 138.13%
80.40% 61.40%

2021 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
99.87%
77.03% 81.27% 98.38% 96.40% 52.54% Not Applicable 88.41% -87.04% 136.66%
81.29% 50.10%

*1 - New plan for this reporting period. *2 - No amounts reported since plan is maintained on a pay-as-you-go basis. Contributions to the plan are generally made at about the same time and in
about the same amount as benefit payments and expenses become due. This is allowable since the plan was closed prior to 1983. *3 - Government has not submitted all information required and is not in compliance with O.C.G.A. 47-1-3. *4 - Plan was transferred from a single-employer plan to ACCG or GMEBS since last report. Current year ACCG or GMEBS data presented when available. *5 - The City of Macon and Bibb County consolidated into one government in 2014. This plan was formerly a City of Macon Plan *6 - The City of Macon and Bibb County consolidated into one government in 2014. This plan was formerly a Bibb County Plan *7 - Since City of Atlanta General Employees Pension Fund includes certain employees of the Atlanta Board of Education, information is provided with City of Atlanta.

2019 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
102.63%
78.35% 42.40% 104.13% 96.92% 97.52% Not Applicable Not Applicable 88.14% 113.85%
85.95% 42.97%

Page D-12

CITIES
Abbeville Retirement Plan, City of Acworth Retirement Plan, City of Adairsville Retirement Plan, City of Adel Retirement Plan, City of Alamo Retirement Plan, City of Albany Retirement Plan, City of Alma Retirement Plan, City of Alpharetta Retirement Plan, City of Americus Retirement Plan, City of Aragon Retirement Plan, City of Ashburn Retirement Plan, City of Atlanta Firefighter's Pension Fund Atlanta General Employees Pension Fund
General Employees of the City of Atlanta Employees of the Atlanta Board of Education Atlanta Police Officer's Pension Fund Attapulgus Retirement Plan, City of Auburn Retirement Plan, City of Austell Retirement Plan, City of Avondale Estates Retirement Plan, City of Bainbridge Retirement Plan, City of Ball Ground Retirement Plan, City of Barnesville Retirement Plan, City of Baxley Retirement Plan, City of Berlin Retirement Plan, City of Blackshear Retirement Plan, City of Blairsville Retirement Plan, City of Blakely Retirement Plan, City of Blakely-Early County Department of
Recreation Retirement Plan Bloomingdale Retirement Plan, City of Blue Ridge Retirement Plan, City of Bowdon Retirement Plan, City of Bowman Retirement Plan, City of Braselton Retirement Plan, City of Bremen Retirement Plan, City of Brooklet Retirement Plan, City of Broxton Retirement Plan, City of Brunswick Retirement Plan, City of Buchanan Retirement Plan, City of Buena Vista Retirement Plan, City of Buford Retirement Plan, City of Butler Retirement Plan, City of Byron Retirement Plan, City of Cairo Retirement Plan, City of

Appendix E: Actuarial Assumptions

TYPE OF PLAN
GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS Single-Employer GMEBS GMEBS GMEBS Single-Employer Single-Employer
Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS
GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS

INFLATION RATE
2.25% 2.25% 2.25% 2.25% 2.25% 2.50% 2.25% 2.50% 2.25% 2.25% 2.25% 2.25%
2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25%
2.25% 2.00% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.50% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25%
Page E-1

ACTUARIAL ASSUMPTIONS WITH RESPECT TO:

INVESTMENT

PROJECTED

RETURN

SALARY INCREASES

7.38% 7.38% 7.38% 7.38% 7.38% 7.00% 7.38% 7.50% 7.38% 7.38% 7.38% 7.00%
7.00% 7.00% 7.00% 7.38% 7.38% 7.38% 7.38% 7.38% 7.38% 7.38% 7.38% 7.38% 7.38% 7.38% 7.38%
7.38% 8.00% 7.38% 7.38% 7.38% 7.38% 7.38% 7.38% 7.38% 7.00% 7.38% 7.38% 7.38% 7.38% 7.38% 7.38%

0.75-6.25% 0.75-6.25% 0.75-6.25% 0.75-6.25% 0.75-6.25%
0.75% 0.75-6.25% 2.10-4.20% 0.75-6.25% 0.75-6.25% 0.75-6.25% 0.75-7.75%
0.75-7.75% 0.75-5.75% 0.75-7.75% 0.75-6.25% 0.75-6.25% 0.75-6.25% 0.75-6.25% 0.75-6.25% 0.75-6.25% 0.75-6.25% 0.75-6.25% 0.75-6.25% 0.75-6.25% 0.75-6.25% 0.75-6.25%
0.75-6.25% 3.00%
0.75-6.25% 0.75-6.25% 0.75-6.25% 0.75-6.25% 0.75-6.25% 0.75-6.25% 0.75-6.25% 2.00-3.50% 0.75-6.25% 0.75-6.25% 0.75-6.25% 0.75-6.25% 0.75-6.25% 0.75-6.25%

POSTRETIREMENT BENEFIT INCREASES
0.00% 0.00% 0.00-2.25% 1.70% 0.00% 0.00% 0.00% 0.00% 0.00% 2.25% 0.00% Not Reported
1.00% - 2.25% 2.25%
Not Reported 0.00% 0.00%
0.00-2.25% 0.00% 0.00% 0.00%
0.00-2.25% 0.00% 0.00% 0.00% 0.00% 0.00%
0.00% Not Reported
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00 Not Reported 0.00% 2.25% 2.10% 0.00% 2.10-2.25% 0.00%

Calhoun Retirement Plan, City of Calhoun Retirement Plan, City of Camilla Retirement Plan, City of Canon Retirement Plan, City of Canton Retirement Plan, City of Carnesville Retirement Plan, City of Carrollton Retirement Plan, City of Cartersville Retirement Plan I, City of *4 Cartersville Retirement Plan II City of *4 Cave Spring Retirement Plan, City of Cedartown Retirement Plan, City of Centerville Retirement Plan, City of Chamblee Retirement Plan, City of Chatsworth Retirement Plan, City of Chester Retirement Plan, City of Chickamauga Retirement Plan, City of Clarkesville Retirement Plan, City of Clarkston Retirement Plan, City of Claxton Retirement Plan, City of Clayton Retirement Plan, City of *3 Cleveland Retirement Plan, City of Cochran Retirement Plan, City of College Park Retirement Plan, City of Colquitt Retirement Plan, City of Comer Retirement Plan, City of Commerce Retirement Plan, City of Conyers Retirement Plan, City of Cordele Retirement Plan, City of Cornelia Retirement Plan, City of Covington Retirement Plan, City of Cumming Retirement Plan, City of Cuthbert Retirement Plan, City of Dacula Retirement Plan, City of Dahlonega Retirement Plan, City of Dallas Retirement Plan, City of Dalton Retirement Plan, City of Danielsville Retirement Plan, City of Darien Retirement Plan, City of Davisboro Retirement Plan, City of Dawson Retirement Plan, City of Dawsonville Retirement Plan, City of Decatur Retirement Plan, City of Demorest Retirement Plan, City of Doerun Retirement Plan, City of Donalsonville Retirement Plan, City of Doraville Retirement Plan, City of Douglas Retirement Plan, City of

Appendix E: Actuarial Assumptions

TYPE OF PLAN GMEBS Single-Employer, Closed GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS Single-Employer GMEBS

INFLATION RATE 2.25% *2 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% *3 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.50% 2.25% 2.25% 2.25% 2.25% 2.25% 2.50% 2.25% 2.25% 2.25% 2.25% 2.25% 2.50% 2.25% 2.25% 2.25% 2.50% 2.25%
Page E-2

ACTUARIAL ASSUMPTIONS WITH RESPECT TO:

INVESTMENT

PROJECTED

RETURN

SALARY INCREASES

7.38%

0.75-6.25%

*2

*2

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

*3

*3

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

6.75%

0.00-2.50%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

6.75%

3.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.00%

1.25-5.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

6.75%

0.05-6.00%

7.38%

0.75-6.25%

POSTRETIREMENT BENEFIT INCREASES
0.00% *2
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.25% 2.25% 0.00% 0.00% 0.00% 0.00% 2.25-3.00% 2.25%
*3 0.00% 0.00% 0.00% 0.00% 0.00% 0.00-2.25% 0.00% 0.00% 0.00% Not Reported 0.00-2.10% 0.00% 0.00% 1.70% 0.00% Not Reported 0.00% 0.00% 0.00% 0.00% 0.00% Not Reported 0.00% 0.00-2.10% 0.00% 2.50% 0.00-2.25%

Douglasville Retirement Plan, City of Dublin Retirement Plan, City of Duluth Retirement Plan, City of East Ellijay Retirement Plan, City of East Point Retirement Plan, City of Eastman Retirement Plan, City of Eatonton Retirement Plan, City of Elberton Retirement Plan, City of Ellaville Retirement Plan, City of Ellijay Retirement Plan, City of Emerson Retirement Plan, City of Enigma Retirement Plan, City of Fairburn Retirement Plan, City of Fayetteville Retirement Plan, City of Fitzgerald Retirement Plan, City of Flowery Branch Retirement Plan, City of Forsyth Retirement Plan, City of Fort Oglethorpe Retirement Plan, City of Fort Valley Retirement Plan, City of Franklin Retirement Plan, City of Gainesville Retirement Plan A, City of Gainesville Retirement Plan, City of Garden City Retirement Plan, City of Gibson Retirement Plan, City of Glennville Retirement Plan, City of Gordon Retirement Plan, City of Grantville Retirement Plan, City of Gray Retirement Plan, City of Greensboro Retirement Plan, City of Greenville Retirement Plan, City of Griffin Retirement Plan, City of Grovetown Retirement Plan, City of Guyton Retirement Plan, City of Hagan Retirement Plan, City of Hahira Retirement Plan, City of Hampton Retirement Plan, City of Hapeville Retirement Plan, City of Harlem Retirement Plan, City of Hartwell Retirement Plan, City of Hawkinsville Retirement Plan, City of Hazlehurst Retirement Plan, City of Hephzibah Retirement Plan, City of Hiawassee Retirement Plan, City of Hinesville Retirement Plan, City of Hiram Retirement Plan, City of Hogansville Retirement Plan, City of Holly Springs Retirement Plan, City of

Appendix E: Actuarial Assumptions

TYPE OF PLAN GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS

INFLATION RATE 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.75% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25%
Page E-3

ACTUARIAL ASSUMPTIONS WITH RESPECT TO:

INVESTMENT

PROJECTED

RETURN

SALARY INCREASES

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.00%

3.50%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.00%

2.75-13.75%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

POSTRETIREMENT BENEFIT INCREASES
0.00-2.25% 0.00% 0.00% 0.00% 2.25% 0.00% 0.00%
0.00-2.25% 0.00% 0.00% 0.00% 0.00%
0.00-2.25% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.50% 0.00% 0.00% 0.00% 1.70% 0.00% 2.10% 0.00%
0.00-3.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.00% 1.70% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Jackson Retirement Plan, City of Jasper Retirement Plan, City of Jefferson Retirement Plan, City of Jeffersonville Retirement Plan, City of Jesup Retirement Plan, City of Jonesboro Retirement Plan, City of Kennesaw Retirement Plan, City of Kingsland Retirement Plan, City of LaFayette Retirement Plan, City of LaGrange Retirement Plan, City of Lake City Retirement Plan, City of Lake Park Retirement Plan, City of Lakeland Retirement Plan, City of Lavonia Retirement Plan, City of Leesburg Retirement Plan, City of Lenox Retirement Plan, City of Lincolnton Retirement Plan, City of Lithonia Retirement Plan, City of Locust Grove Retirement Plan, City of Loganville Retirement Plan, City of Lookout Mountain Retirement Plan, City of Louisville Retirement Plan, City of Lovejoy Retirement Plan, City of Lumpkin Retirement Plan, City of Lyons Retirement Plan, City of Madison Retirement Plan, City of Manchester Retirement Plan, City of Marietta Retirement Plan, City of Marshallville Retirement Plan, City of McDonough Retirement Plan, City of McRae-Helena Retirement Plan, City of Menlo Retirement Plan, City of Midville Retirement Plan, City of Midway Retirement Plan, City of Milledgeville Retirement Plan, City of *3 Millen Retirement Plan, City of Milton Retirement Plan, City of Monroe Retirement Plan, City of Montezuma Retirement Plan, City of Monticello Retirement Plan, City of Morrow Retirement Plan, City of Moultrie Retirement Plan, City of Mount Airy Retirement Plan, City of Mount Vernon Retirement Plan, City of Mount Zion Retirement Plan, City of Nahunta Retirement Plan, City of Nashville Retirement Plan, City of

Appendix E: Actuarial Assumptions

TYPE OF PLAN GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS

INFLATION RATE 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 3.00% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% *3 2.25% 2.25% 2.25% 2.25% 2.25% 2.25%
Not Reported 2.25% 2.25% 2.25% 2.25% 2.25%
Page E-4

ACTUARIAL ASSUMPTIONS WITH RESPECT TO:

INVESTMENT

PROJECTED

RETURN

SALARY INCREASES

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.50%

3.50-6.50%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

*3

*3

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

6.50%

3.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

POSTRETIREMENT BENEFIT INCREASES
2.25% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00-2.10% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.25% 2.25% 0.00% 0.00-2.25% 0.00% 3.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
*3 0.00% 0.00% 0.00% 0.00-2.25% 0.00% 0.00% Not Reported 2.25% 0.00% 0.00% 0.00% 0.00%

Newnan Retirement Plan, City of Nicholls Retirement Plan, City of Nicholson Retirement Plan, City of Norcross Retirement Plan, City of Oakwood Retirement Plan, City of Ocilla Retirement Plan, City of Oglethorpe Retirement Plan, City of Oxford Retirement Plan, City of Palmetto Retirement Plan, City of Patterson Retirement Plan, City of Peachtree City Retirement Plan, City of Pelham Retirement Plan, City of Pembroke Retirement Plan, City of Pendergrass Retirement Plan, City of *1 Perry Retirement Plan, City of Pine Mountain Retirement Plan, City of Pooler Retirement Plan, City of Port Wentworth Retirement Plan, City of Portal Retirement Plan, City of Powder Springs Retirement Plan, City of Quitman Retirement Plan, City of Reidsville Retirement Plan, City of Remerton Retirement Plan, City of Reynolds Retirement Plan, City of Riceboro Retirement Plan, City of Richmond Hill Retirement Plan, City of Rincon Retirement Plan, City of Riverdale Retirmenet Plan, City of *1 Roberta Retirement Plan, City of Rochelle Retirement Plan, City of Rockmart Retirement Plan, City of Rome Retirement Plan, City of Rossville Retirement Plan, City of Roswell Retirement Plan, City of Royston Retirement Plan, City of Sandersville Retirement Plan, City of Savannah Employees' Retirement Plan, City of Savannah Pension Plan 2 Senoia Retirement Plan, City of Sky Valley Retirement Plan, City of Smithville Retirement Plan, City of Smyrna Retirement Plan, City of Snellville Retirement Plan, City of Social Circle Retirement Plan, City of Soperton Retirement Plan, City of Springfield Retirement Plan, City of St. Marys Retirement Plan, City of

Appendix E: Actuarial Assumptions

TYPE OF PLAN GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer Single-Employer, Closed GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS

INFLATION RATE 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.50% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.75% *2 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25%
Page E-5

ACTUARIAL ASSUMPTIONS WITH RESPECT TO:

INVESTMENT

PROJECTED

RETURN

SALARY INCREASES

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.50%

3.00%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.25%

3.50-5.50%

*2

*2

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

POSTRETIREMENT BENEFIT INCREASES
0.00% 0.00% 0.00% 0.00-2.10% 0.00% 0.00% 0.00% 0.00% 3.00% 0.00% Not Reported 0.00-2.25% 0.00% 0.00% 0.00-2.25% 0.00% 1.40-2.00% 0.00-2.25% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.25% 0.00% 1.70% 0.00% 0.00% 0.00% 0.00-2.25% 0.00% 0.00% 0.00% 0.00% 1.00% - 5.00%
*2 0.00% 0.00% 0.00% 0.00% 0.00-2.25% 1.70-2.25% 0.00% 0.00% 0.00%

Statesboro Retirement Plan, City of Stockbridge Retirement Plan, City of Stone Mountain Retirement Plan, City of Sugar Hill Retirement Plan, City of Summerville Retirement Plan, City of Suwanee Retirement Plan, City of Swainsboro Retirement Plan, City of Sylvania Retirement Plan, City of Sylvester Retirement Plan, City of Tallapoosa Retirement Plan, City of Temple Retirement Plan, City of Tennille Retirement Plan, City of Thomaston Retirement Plan, City of Thomasville Retirement Plan, City of Thomson Retirement Plan, City of Thunderbolt Retirement Plan, City of Tifton Retirement Plan, City of Toccoa Retirement Plan, City of Trion Retirement Plan, City of Tybee Island Retirement Plan, City of Tyrone Retirement Plan, City of Union City Retirement Plan, City of Union Point Retirement Plan, City of Valdosta Retirement Plan, City of Vidalia Retirement Plan, City of Vienna Retirement Plan, City of Villa Rica Retirement Plan, City of Wadley Retirement Plan, City of Waleska Retirement Plan, City of Walthourville Retirement Plan, City of Warm Springs Retirement Plan, City of Warner Robins Retirement Plan, City of Warrenton Retirement Plan, City of Washington Retirement Plan, City of Waycross Retirement Plan, City of Waynesboro Retirement Plan, City of West Point Retirement Plan, City of Whigham Retirement Plan, City of White Retirement Plan, City of Whitesburg Retirement Plan, City of Willacoochee Retirement Plan, City of Winder Retirement Plan, City of Woodbine Retirement Plan, City of Woodbury Retirement Plan, City of Woodstock Retirement Plan, City of Wrens Retirement Plan, City of Wrightsville Retirement Plan, City of

Appendix E: Actuarial Assumptions

TYPE OF PLAN GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS

INFLATION RATE 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25%
Not Reported 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25%
Page E-6

ACTUARIAL ASSUMPTIONS WITH RESPECT TO:

INVESTMENT

PROJECTED

RETURN

SALARY INCREASES

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

6.00%

5.00%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

POSTRETIREMENT BENEFIT INCREASES
0.00-2.25% 0.00% 2.25% 1.70% 2.10% 0.00%
0.00-2.25% 0.00% 0.00% 2.00% 0.00% 0.00% 0.00% 3.50% 0.00% 0.00%
0.00-3.00% 0.00-2.25% 0.00-2.25% 0.00-2.10% 0.00-2.10% 0.00-2.10%
0.00% 0.00% 0.00% 0.00-2.25% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00-2.25% 0.00% 2.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.25% 0.00% 0.00% 0.00% 0.00%

COUNTIES
Appling County Pension Plan Bacon County Pension Plan Baldwin County Pension Plan Banks County Pension Plan Barrow County Pension Plan Bartow County Pension Plan Ben Hill County Pension Plan Bleckley County Pension Plan Brooks County Pension Plan Bryan County Pension Plan Bulloch County Pension Plan *1 Burke County Pension Plan Butts County Pension Plan Carroll County Pension Plan Charlton County Pension Plan Chatham County Employees' Retirement Plan Cherokee County Pension Plan Clayton County Pension Plan Clinch County Pension Plan Cobb County Board of Commissioners
Retirement Income Plan Coffee County Pension Plan Colquitt County Pension Plan Coweta County Pension Plan Crawford County Pension Plan Crisp County Pension Plan Dawson County Pension Plan Decatur County Pension Plan DeKalb County Pension Plan Dodge County Pension Plan Dooly County Pension Plan Dougherty County Pension Plan Douglas County Pension Plan Douglas County Employee Defined Benefit Plan Early County Pension Plan Elbert County Pension Plan Evans County Pension Plan Fannin County Pension Plan Fayette County Pension Plan Floyd County Pension Plan Forsyth County Defined Benefit Plan Franklin County Pension Plan Fulton County Employees' Pension Plan Glynn County Board of Commissioners Pension Plan

Appendix E: Actuarial Assumptions

TYPE OF PLAN

INFLATION RATE

ACTUARIAL ASSUMPTIONS WITH RESPECT TO:

INVESTMENT

PROJECTED

RETURN

SALARY INCREASES

ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG Single-Employer ACCG Single-Employer ACCG
Single-Employer ACCG ACCG Single-Employer ACCG ACCG ACCG ACCG Single-Employer ACCG ACCG Single-Employer ACCG Single-Employer, Closed ACCG ACCG ACCG ACCG ACCG ACCG Single-Employer ACCG Single-Employer Single-Employer

2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.25% 2.00% 2.75% 2.00%
2.50% 2.00% 2.00% 2.50% 2.00% 2.00% 2.00% 2.00% 2.50% 2.00% 2.00% Not Reported 2.00%
*2 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.50% 2.00% 2.50% 2.50%
Page E-7

7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.25% 7.00% 7.75% 7.00%
7.25% 7.00% 7.00% 6.50% 7.00% 7.00% 7.00% 7.00% 6.75% 7.00% 7.00% 7.25% 7.00%
*2 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 6.75% 7.00% 6.70% 7.00%

5.00% 2.50% 4.50% 3.00% 3.50% 4.50% 3.50% 3.50% 2.50% 5.50% 4.00% 5.00% 5.00% Not Reported 4.50% 2.06-2.78% 4.50% 6.75-13.75% 3.50%
0.50-2.00% 3.50% 3.50%
Not Reported 3.00% 4.50% 5.00% 4.50%
0.75-5.50% 4.00% 3.00% 3.00% 4.50% *2 4.00% 3.50% 3.50% 4.00% 2.50% 3.50% 4.00% 3.00%
3.00-6.00% 1.50-4.75%

POSTRETIREMENT BENEFIT INCREASES
Not Reported Not Reported
0.40% Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported
2.00% Not Reported
Not Reported Not Reported Not Reported
2.50% Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported
*2 Not Reported Not Reported Not Reported Not Reported Not Reported 0.00-5.00% Not Reported Not Reported
3.00% Not Reported

Gordon County Pension Plan *1 Grady County Pension Plan Greene County Pension Plan Gwinnett County Pension Plan Habersham County Pension Plan Hall County Pension Plan Hancock County Pension Plan Haralson County Pension Plan Harris County Pension Plan Heard County Pension Plan Henry County Pension Plan Houston County Pension Plan Jackson County Pension Plan Jasper County Pension Plan Jeff Davis County Pension Plan Jenkins County Pension Plan Jones County Pension Plan Lamar County Pension Plan Laurens County Pension Plan Lee County Pension Plan Liberty County Pension Plan Lincoln County Pension Plan Long County Pension Plan *1 Lowndes County Pension Plan Lumpkin County Pension Plan Madison County Pension Plan Marion County Pension Plan McDuffie County Pension Plan McIntosh County Pension Plan Miller County Pension Plan Mitchell County Pension Plan Monroe County Pension Plan Morgan County Pension Plan Murray County Pension Plan Newton County Pension Plan Oconee County Pension Plan Oglethorpe County Pension Plan Paulding County Pension Plan Peach County Pension Plan Pickens County Pension Plan Pike County Pension Plan *1 Polk County Pension Plan Pulaski County Pension Plan Putnam County Pension Plan Rabun County Pension Plan Rockdale County Pension Plan Schley County Pension Plan

Appendix E: Actuarial Assumptions

TYPE OF PLAN ACCG ACCG ACCG Single-Employer ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG

INFLATION RATE 2.00% 2.00% 2.00% 2.50% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%
Page E-8

ACTUARIAL ASSUMPTIONS WITH RESPECT TO:

INVESTMENT

PROJECTED

RETURN

SALARY INCREASES

7.00%

3.50%

7.00%

5.50%

7.00%

5.50%

7.00%

4.50-5.50%

7.00%

4.50%

7.00%

4.00%

7.00%

5.50%

7.00%

4.00%

7.00%

4.00%

7.00%

3.50%

7.00%

4.50%

7.00%

3.50%

7.00%

3.50%

7.00%

4.50%

7.00%

3.00%

7.00%

2.50%

7.00%

4.00%

7.00%

3.00%

7.00%

3.50%

7.00%

3.00%

7.00%

3.00%

7.00%

3.50%

7.00%

4.50%

7.00%

3.50%

7.00%

5.50%

7.00%

2.50%

7.00%

4.00%

7.00%

3.00%

7.00%

4.50%

7.00%

4.00%

7.00%

4.00%

7.00%

4.50%

7.00%

4.50%

7.00%

4.00%

7.00%

3.00%

7.00%

4.50%

7.00%

4.50%

7.00%

4.00%

7.00%

3.50%

7.00%

5.50%

7.00%

2.50%

7.00%

3.50%

7.00%

4.00%

7.00%

4.00%

7.00%

4.00%

7.00%

5.50%

7.00%

4.00%

POSTRETIREMENT BENEFIT INCREASES
Not Reported Not Reported Not Reported
1.00% Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported
2.00% Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported

Seminole County Pension Plan Spalding County Pension Plan Sumter County Pension Plan Tattnall County Pension Plan Telfair County Pension Plan Thomas County Pension Plan Tift County Pension Plan Toombs County Pension Plan Treutlen County Pension Plan Troup County Pension Plan Turner County Pension Plan Upson County Pension Plan Walker County Commissioners' & Sheriff's
Department Defined Benefit Pension Plan Walton County Pension Plan Ware County Pension Plan Warren County Pension Plan Washington County Pension Plan Whitfield County Pension Plan Wilcox County Pension Plan Wilkes County Pension Plan Wilkinson County Pension Plan
CONSOLIDATED GOVERNMENTS
Athens-Clarke County Employees' Pension Plan Augusta City Employees Pension Plan Augusta Firemen's Pension Fund Augusta General Retirement Plan 1949 Augusta Policemen's Pension Fund Augusta Richmond County Retirement Plan Augusta Richmond County
Planning Commission Retirement Plan Columbus Consolidated Government
Employees' Pension Plan Columbus Consolidated Government Plan for
Employees of the Department of Public Safety Georgetown-Quitman Unified County Retirement Plan Macon-Bibb County Fire & Police Retirement System *5 Macon-Bibb County Pension Plan *6 Macon-Bibb County Pension Plan Division A *5 Richmond County Employee Pension Fund 1945
REGIONAL COMMISSIONS
Atlanta RC Retirement Plan *4 Coastal Georgia RC Retirement Plan

Appendix E: Actuarial Assumptions

TYPE OF PLAN ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG
Single-Employer ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG

INFLATION RATE 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%
2.50% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%

ACTUARIAL ASSUMPTIONS WITH RESPECT TO:

INVESTMENT

PROJECTED

RETURN

SALARY INCREASES

7.00%

4.00%

7.00%

4.50%

7.00%

3.50%

7.00%

4.50%

7.00%

3.00%

7.00%

4.50%

7.00%

5.50%

7.00%

3.00%

7.00%

4.00%

7.00%

3.00%

7.00%

3.50%

7.00%

3.50%

5.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00% 7.00%

1.50% 4.50% 4.00% 4.00% 4.00% 4.00% 3.50% 4.00% 2.50%

Single-Employer Single-Employer, Closed Single-Employer, Closed Single-Employer, Closed Single-Employer, Closed GMEBS
GMEBS
Single-Employer
Single-Employer GMEBS Single-Employer Single-Employer Single-Employer Single-Employer, Closed
ACCG GMEBS

2.50% *2 *2
Not Reported *2
2.25%
2.25%
2.50%
2.50% 2.25% Not Reported Not Reported Not Reported Not Reported
2.00% 2.25%
Page E-9

7.50% *2 *2
7.00% *2
7.38%
7.38%
7.00%
7.00% 7.38% 7.25% 7.25% 7.25% 7.00%
7.00% 7.38%

1.75-4.00% *2 *2
3.00% *2
0.75-6.25%
0.75-6.25%
3.25%
3.25% 0.75-6.25%
5.50% 3.00% 3.00% Not Reported
3.00% 0.75-6.25%

POSTRETIREMENT BENEFIT INCREASES
Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported
Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported Not Reported
Not Reported *2 *2
2.00% *2
0.00-2.25%
0.00%
1.00%
1.00% 0.00% 1.50% 1.50% 1.50% 2.00%
Not Reported 0.00%

Appendix E: Actuarial Assumptions

Georgia Mountains RC Retirement Plan Heart of Georgia - Altamaha RC Retirement Plan Middle Georgia RC Retirement Plan Northeast Georgia RC Retirement Plan Northwest Georgia RC Retirement Plan Southern Georgia RC Retirement Plan Southwest Georgia RC Retirement Plan
LOCAL BOARDS OF EDUCATION
Fulton County School Employees' Pension Fund Gwinnett County Board of Education Retirement System Polk County Board of Education Retirement System City of Atlanta Board of Education - Superintendent Plan *7
LOCAL AUTHORITIES
Austell Gas System Bainbridge Decatur County Recreation Authority Brunswick-Glynn County Joint
Water and Sewer Commission Calhoun Housing Authority *1 Carroll County Water Authority Chatsworth Water Commission Cherokee County Water and Sewerage Authority Cobb County-Marietta Water Authority Development Authority of Appling County Douglasville-Douglas County Water and Sewer Authority Dublin-Laurens County Recreation Authority Eatonton-Putnam Water and Sewer Authority Ellijay-Gilmer County Water and Sewerage Authority Fitzgerald Water, Light, and Bond Commission Flint Area Consolidated Housing Authority Fort Valley Utilities Commission Fulton-DeKalb Hospital Authority Haralson County Water Authority Heard County Water Authority Henry County Water Authority Hospital Authority of Floyd County Hospital Authority of Valdosta and
Lowndes County, Georgia Hospital Authority of Washington County *3 Housing Authority of the City of Clayton, Georgia Housing Authority of the City of Conyers Housing Authority of the City of Covington Housing Authority of the City of Lavonia Housing Authority of the City of Mt. Vernon

TYPE OF PLAN GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer
Single-Employer Single-Employer Single-Employer Single-Employer
Single-Employer GMEBS
GMEBS
Single-Employer GMEBS GMEBS Single-Employer ACCG GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer ACCG GMEBS GMEBS Single-Employer
Single-Employer Single-Employer GMEBS GMEBS ACCG GMEBS GMEBS

INFLATION RATE 2.25% 2.25% 2.25% 2.25% 2.25% 2.25%
Not Reported
2.75% 2.40% 2.50% Not Reported
1.70% 2.25%
2.25% 2.25% 2.00% 2.25% 2.25% 2.50% 2.00% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.50% 2.00% 2.25% 2.25% Not Reported
Not Reported 2.40% 2.25% 2.25% 2.00% 2.25% 2.25%
Page E-10

ACTUARIAL ASSUMPTIONS WITH RESPECT TO:

INVESTMENT

PROJECTED

RETURN

SALARY INCREASES

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

6.20%

2.50%

6.95% 7.15% 7.00% 5.00%
5.50% 7.38%
7.38% 7.38% 6.00% 7.38% 7.38% 7.00% 7.00% 7.38% 7.38% 7.38% 7.38% 7.38% 7.38% 7.38% 7.25% 7.00% 7.38% 7.38% 6.75%
7.50% 4.50% 7.38% 7.38% 7.00% 7.38% 7.38%

3.50-5.00% 0.85-4.35%
0.50% Not Reported
2.75% 0.75-6.25%
0.75-6.25% 0.75-6.25%
1.50% 0.75-6.25% 0.75-6.25%
5.25% Not Reported 0.75-6.25% 0.75-6.25% 0.75-6.25% 0.75-6.25% 0.75-6.25% 0.75-6.25% 0.75-6.25% Not Reported
4.00% 0.75-6.25% 0.75-6.25% Not Reported
Not Reported Not Reported 0.75-6.25% 0.75-6.25%
4.00% 0.75-6.25% 0.75-6.25%

POSTRETIREMENT BENEFIT INCREASES
0.00-2.25% 0.00%
0.00-1.40% 0.00% 0.00% 0.00% 2.50%
3.00% 3.00% 2.40% Not Reported Not Reported
Not Reported 0.00%
0.00% 0.00-2.10%
1.00% 0.00% 0.00% 1.00% Not Reported 0.00-2.25% 0.00% 0.00% 0.00-1.70% 0.00% 2.10% 0.00% Not Reported Not Reported 0.00% 2.75% Not Reported
Not Reported Not Reported
0.00% 2.10% Not Reported 0.00-2.25% 0.00%

Housing Authority of the City of Vidalia Housing Authority of the City of Vienna Housing Authority of the City of Villa Rica Jackson County Water and Sewerage Authority Jasper County 911 Authority Jonesboro Housing Authority Lagrange Housing Authority Lagrange-Troup County Hospital Authority Liberty Consolidated Planning Commission Macon Water Authority Macon-Bibb County Transit Authority Metropolitan Atlanta Rapid Transit Authority
ATU Local 732 Union Plan Metropolitan Atlanta Rapid Transit Authority
Non-Represented Plan Middle Flint Regional E-911 Authority Newnan Water and Light Commission Northeast Georgia Housing Authority Polk County Water, Sewage and Solid Waste Authority Satilla Regional Water and Sewer Authority *1 Sinclair Water Authority Towns County Water and Sewerage Authority
Unadilla Housing Authority
Valdosta-Lowndes County Parks and Recreation Authority Walker County Water and Sewerage Authority

Appendix E: Actuarial Assumptions

TYPE OF PLAN GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS Single-Employer Single-Employer
Single-Employer
Single-Employer ACCG Single-Employer GMEBS Single-Employer ACCG ACCG GMEBS GMEBS GMEBS Single-Employer

INFLATION RATE 2.25% 2.25% 2.25% 2.25% 2.25% 2.25% 2.25%
Not Reported 2.25% 2.50% 2.00%
Not Reported
2.50% 2.00% 3.00% 2.25% Not Reported 2.00% 2.00% 2.25% 2.25% 2.25% 2.50%

ACTUARIAL ASSUMPTIONS WITH RESPECT TO:

INVESTMENT

PROJECTED

RETURN

SALARY INCREASES

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.38%

0.75-6.25%

7.00%

Not Reported

7.38%

0.75-6.25%

7.00%

3.50-6.00%

6.00%

0.00-1.00%

7.00%

4.50%

5.50% 7.00% 5.75% 7.38% 6.50% 7.00% 7.00% 7.38% 7.38% 7.38% 5.00%

5.50% 4.00% 2.00% 0.75-6.25% 4.00% 4.00% 3.00% 0.75-6.25% 0.75-6.25% 0.75-6.25% 1.50%

*1 - New plan for this reporting period. *2 - No amounts reported since plan is maintained on a pay-as-you-go basis. Contributions to the plan are generally made at about the same time and in
about the same amount as benefit payments and expenses become due. This is allowable since the plan was closed prior to 1983. *3 - Government has not submitted all information required and is not in compliance with O.C.G.A. 47-1-3. *4 - Plan was transferred from a single-employer plan to ACCG or GMEBS since last report. Current year ACCG or GMEBS data presented when available. *5 - The City of Macon and Bibb County consolidated into one government in 2014. This plan was formerly a City of Macon Plan *6 - The City of Macon and Bibb County consolidated into one government in 2014. This plan was formerly a Bibb County Plan *7 - Since City of Atlanta General Employees Pension Fund includes certain employees of the Atlanta Board of Education, information is provided with City of Atlanta.

POSTRETIREMENT BENEFIT INCREASES
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% Not Reported 0.00% 2.00% 1.50%
Not Reported
Not Reported Not Reported Not Reported
2.25% Not Reported Not Reported Not Reported
0.00% 0.00% 0.00% Not Reported

Page E-11

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Appendix F: Retirement and Postemployment Benefits Other Than

Defined Benefit
Name of Government

Defined Contribution
Plan(s)

Deferred Compensation
Plan(s)

Postemployment Healthcare Benefits

Other Postemployment
Benefits

Cities Acworth Adairsville Adel Alma Alpharetta Alto Arcade Atlanta Auburn Austell Ball Ground Barnesville Barwick Berkeley Lake Blackshear Blairsville Blakely Bloomingdale Blue Ridge Blythe Bowdon Bremen Brooks Buchanan Buford Cairo Carrollton Cartersville Cave Spring Chatsworth Chattahoochee Hills Chester Chickamauga Claxton Colquitt Commerce Concord Conyers Cordele Cornelia Crawford Cumming Dahlonega Dallas Dalton Dawson Dawsonville Dillard Doerun Donalsonville Douglas Douglasville Dublin East Dublin Eastman Eatonton Emerson Eton Fitzgerald Folkston Forsyth Fort Oglethorpe Franklin

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

Page F-1

Appendix F: Retirement and Postemployment Benefits Other Than

Defined Benefit
Name of Government
Gainesville Glennville Hamilton Hampton Hapeville Harlem Hazlehurst Helen Hephzibah Hiawassee Hoboken Holly Springs Jackson Jasper Jenkinsburg Jesup Kennesaw Kingsland Lake City Lake Park Lavonia Lawrenceville Lenox Locust Grove Loganville Louisville Ludowici Mableton Marietta McCaysville Millen Milton Mount Airy Mount Vernon Mount Zion Nahunta Nashville Newnan Nicholls Norcross Oglethorpe Oxford Peachtree City Peachtree Corners Pelham Perry Pine Mountain Pooler Port Wentworth Porterdale Powder Springs Reidsville Riceboro Richmond Hill Ringgold Rossville Royston Rutledge Sandy Springs Sardis Savannah Senoia Sky Valley Smyrna Snellville

Defined Contribution
Plan(s) X
X
X
X
X X
X X
X
X X X
X
X X X X X X X X X X X X X X X X X X
X X X X X X X X X
X X
X X

Deferred Compensation
Plan(s)
X X X X X X
X X X X X X
X X
X X X X X X X X

Postemployment Healthcare Benefits X X X
X X

Other Postemployment
Benefits X
X

X

X

X

X

X X
X X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X X

X

X

X

X

X

X

X

X

X

X

X

X

Page F-2

Appendix F: Retirement and Postemployment Benefits Other Than

Defined Benefit
Name of Government Social Circle Sugar Hill Summerville Suwanee Tallulah Falls Temple Thomasville Tifton Toccoa Trion Ty Ty Tybee Island Tyrone Union Point Valdosta Vidalia Vienna Villa Rica Warwick Watkinsville Waverly Hall Waycross Waynesboro Whigham Whitesburg Willacoochee Woodbine Woodstock Wrens

Defined Contribution
Plan(s)
X X X X
X
X X X X
X
X
X X X X X
X X X X

Deferred Compensation
Plan(s) X
X X X X
X X X X X
X X X
X X

Postemployment Healthcare Benefits

Other Postemployment
Benefits

X

X

X X
X

X X X X X
X

Counties Atkinson County Bacon County Baker County Barrow County Ben Hill County Bleckley County Brantley County Brooks County Bulloch County Burke County Calhoun County Candler County Carroll County Catoosa County Chatham County Cherokee County Cobb County Columbia County Coweta County Crisp County Decatur County DeKalb County Dooly County Douglas County Early County Echols County Emanuel County Evans County Fannin County Fayette County Floyd County Forsyth County Franklin County Fulton County Gilmer County

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

Page F-3

Appendix F: Retirement and Postemployment Benefits Other Than

Defined Benefit
Name of Government
Glascock County Gordon County Grady County Greene County Gwinnett County Habersham County Hall County Hart County Henry County Jasper County Jefferson County Lanier County Laurens County Liberty County Lowndes County Macon County Madison County Mitchell County Monroe County Montgomery County Morgan County Murray County Paulding County Pickens County Polk County Putnam County Randolph County Rockdale County Spalding County Stephens County Talbot County Taliaferro County Telfair County Tift County Treutlen County Union County Ware County Warren County Wayne County Wheeler County White County Wilkes County Worth County

Defined Contribution
Plan(s) X
X X X X X X X X X X
X
X X X X X X X X
X X X X X X X X
X X X X X

Deferred Compensation
Plan(s)
X X X X X X
X X X X X X X X X X X X X X X X X X
X X
X
X X
X X X X X
X

Postemployment Healthcare Benefits
X
X X
X
X

Other Postemployment
Benefits
X

X

X

X

X X
X X

X

X X

Consolidated Governments Athens-Clarke County Augusta-Richmong County Columbus-Muscogee County

X

X

X

X

X

X

X

X

X

X

Regional Commissions

Atlanta Regional Commission

X

X

Central Savannah River Area Regional Commission

X

X

Coastal Regional Commission

X

X

Georgia Mountains Regional Commission

X

X

Heart of Georgia - Altamaha Regional Commission

X

X

X

Middle Georgia Regional Commission

X

Northeast Georgia Regional Commission

X

Northwest Georgia Regional Commission

X

X

Southern Georgia Regional Commission

X

Southwest Georgia Regional Commission

X

X

Three Rivers Regional Commission

X

X

X

Local Boards of Education Bacon County Board of Education Baldwin County Board of Education Bartow County Board of Education

X

X

X

X

X

X

Page F-4

Appendix F: Retirement and Postemployment Benefits Other Than

Defined Benefit
Name of Government
Ben Hill County Board of Education Bleckley County Board of Education Brantley County Board of Education Bulloch County Board of Education Carroll County Board of Education Catoosa County Board of Education Charlton County Board of Education Savannah-Chatham County Board of Education Chattahoochee County Board of Education Chattooga County Board of Education Cherokee County Board of Education Clay County Board of Education Clinch County Board of Education Coffee County Board of Education Cook County Board of Education Coweta County Board of Education Dade County Board of Education Dawson County Board of Education Decatur County Board of Education Dodge County Board of Education Dougherty County Board of Education Douglas County Board of Education Echols County Board of Education Effingham County Board of Education Elbert County Board of Education Fannin County Board of Education Fayette County Board of Education Floyd County Board of Education Forsyth County Board of Education Gilmer County Board of Education Glascock County Board of Education Glynn County Board of Education Gordon County Board of Education Gwinnett County Board of Education Habersham County Board of Education Hall County Board of Education Haralson County Board of Education Harris County Board of Education Heard County Board of Education Irwin County Board of Education Jackson County Board of Education Jasper County Board of Education Jefferson County Board of Education Jenkins County Board of Education Jones County Board of Education Lee County Board of Education Liberty County Board of Education Lumpkin County Board of Education Macon County Board of Education McDuffie County Board of Education McIntosh County Board of Education Mitchell County Board of Education Monroe County Board of Education Morgan County Board of Education Murray County Board of Education Muscogee County Board of Education Oconee County Board of Education Oglethorpe County Board of Education Paulding County Board of Education Peach County Board of Education Pickens County Board of Education Pike County Board of Education Pulaski County Board of Education Putnam County Board of Education Schley County Board of Education

Defined Contribution
Plan(s) X X
X X X
X X X X X X X X X
X X X X
X
X X
X X
X X X X X X X
X X
X X X X X X X X X X X X

Deferred Compensation
Plan(s) X
X X
X
X
X X X X X X X
X X X X X X X X X X X X X
X X X X X X
X X X X X X
X X
X
X
X X
X X X
X

Postemployment Healthcare Benefits

Other Postemployment
Benefits

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

Page F-5

Appendix F: Retirement and Postemployment Benefits Other Than

Defined Benefit
Name of Government Screven County Board of Education Seminole County Board of Education Griffin-Spalding County Board of Education Sumter County Board of Education Taylor County Board of Education Terrell County Board of Education Thomas County Board of Education Toombs County Board of Education Treutlen County Board of Education Ware County Board of Education Washington County Board of Education White County Board of Education Whitfield County Board of Education Wilcox County Board of Education Worth County Board of Education City of Atlanta Board of Education City of Bremen Board of Education City of Buford Board of Education City of Carrollton Board of Education City of Chickamauga Board of Education City of Decatur Board of Education City of Dublin Board of Education City of Gainesville Board of Education City of Jefferson Board of Education City of Social Circle Board of Education City of Trion Board of Education City of Valdosta Board of Education City of Vidalia Board of Education

Defined Contribution
Plan(s) X
X
X
X X X
X
X X X X X

Deferred Compensation
Plan(s) X X
X X X X X X X X X
X X X X X X
X
X
X

Postemployment Healthcare Benefits
X X X

Other Postemployment
Benefits

X X X

X

X

Local Authorities

Albany Dougherty Payroll Development Authority

X

Americus-Sumter Payroll Development Authority

X

Austell Gas System

X

X

Brunswick and Glynn County Development Authority

X

Carroll County Water Authority

X

Chatsworth Water Commission

X

Chehaw Park Authority

X

Cherokee County Water and Sewerage Authority

X

X

Clinch County Hospital Authority

X

X

Cobb County-Marietta Water Authority

X

Cobb-Marietta Coliseum and Exhibit Hall Authority

X

X

Coweta County Water and Sewerage Authority

X

X

Development Authority of Bulloch County

X

Development Authority of Dekalb County

X

Development Authority of Fulton County

X

Development Authority of Wayne County

X

Douglasville-Douglas County Water and Sewer Authority

X

Downtown Athens Development Authority

X

Downtown Development Authority of Metter

X

Ellijay-Gilmer County Water and Sewerage Authority

X

X

Etowah Water and Sewer Authority

X

X

Fannin County Development Authority

X

Flint Area Consolidated Housing Authority

X

X

Franklin Housing Authority

X

Griffin-Spalding County Development Authority

X

Haralson County Water Authority

X

Hospital Authority of Candler County

X

Hospital Authority of Colquitt County

X

X

X

Hospital Authority of Irwin County

X

X

Hospital Authority of Jefferson County and the City of Louisville

X

X

Hospital Authority of Liberty County

X

X

Hospital Authority of Miller County

X

Hospital Authority of Monroe County

X

Housing Authority of Screven County

X

Page F-6

Appendix F: Retirement and Postemployment Benefits Other Than

Defined Benefit
Name of Government
Housing Authority of the City of Americus, GA Housing Authority of the City of Ashburn Housing Authority of the City of Augusta, Georgia Housing Authority of the City of Brunswick, Georgia Housing Authority of the City of Camilla Housing Authority of the City of College Park Housing Authority of the City of Colquitt Housing Authority of the City of Cordele, Georgia Housing Authority of the City of Covington Housing Authority of the City of Dallas, Georgia Housing Authority of the City of Decatur, Georgia Housing Authority of the City of Eatonton Housing Authority of the City of Elberton, Georgia Housing Authority of the City of Gainesville Housing Authority of the City of Hogansville Housing Authority of the City of Jasper Housing Authority of the City of Jefferson Housing Authority of the City of Jesup Housing Authority of the City of Lavonia Housing Authority of the City of Lawrenceville, Ga Housing Authority of the City of Lithonia, Georgia Housing Authority of the City of Louisville Housing Authority of the City of Marietta Housing Authority of the City of McDonough Housing Authority of the City of Millen Housing Authority of the City of Monroe, Ga Housing Authority of the City of Monticello Housing Authority of the City of Moultrie, Georgia Housing Authority of the City of Nashville, Georgia Housing Authority of the City of Ringgold Housing Authority of the City of Sandersville Housing Authority of the City of Summerville Housing Authority of the City of Sylvania Housing Authority of the City of Tallapoosa, Georgia Housing Authority of the City of Vidalia Housing Authority of the City of Waycross Housing Authority of the City of Waynesboro Housing Authority of the City of Winder Housing Authority of the City of Wrightsville Jackson County Water and Sewerage Authority Jackson Housing Authority Liberty County Industrial Authority Lower Chattahoochee Regional E-911 Authority Macon-Bibb County Transit Authority Metropolitan Atlanta Rapid Transit Authority Middle Flint Regional E-911 Authority Newnan Water and Light Commission Newton County Water and Sewerage Authority Northeast Georgia Housing Authority Notla Water System Paulding County Industrial Building Authority Peachtree City Airport Authority Pierce County Industrial Development and Building Authority Rabun County Water and Sewer Authority Satilla Regional Water and Sewer Authority Solid Waste Management Authority of Atkinson County Tennille Housing Authority Towns County Water and Sewerage Authority Tri-County Joint E-911 Authority Tri-County Natural Gas System Walker County Water and Sewerage Authority White County Water and Sewerage Authority Wilkinson County Water and Sewer Authority Worth County Economic Development Authority

Defined Contribution
Plan(s) X X X X X X
X X X X X X X X X X X X X X X X X X X X X X
X X X X X X X X X X X
X X X X
X X X X X X
X X X X X X X X

Deferred Compensation
Plan(s) X X X
X X

Postemployment Healthcare Benefits
X X X X

Other Postemployment
Benefits

X

X

X

X

X

X

X X

X X

X

X

X

X

X

X

X

X X

X

X

X

X

X

X

X

X

X X X

X

X

X

X

X

X

X

X

X

Page F-7

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Appendix G: Public Retirement Systems Standards Law
No significant changes have been enacted since the publishing of our prior report in 2023.
Effective July 1996, local retirement plans established or maintained under Article IX, Section II of the Constitution of Georgia are also required to certify that they have complied with the investment provisions outlined in O.C.G.A. 47-20-83. This Code section provides that certain local retirement plans shall not invest more than 50 percent of retirement plan assets in equities. This code section also prohibits investments in business entities organized in a country other than the United States or Canada. However, plans with assets in excess of $50 million may invest up to 55 percent of their assets in equities and up to 10 percent in corporations or in obligations of corporations organized in a country other than the United States or Canada. Systems that are not in compliance at all times during the reporting period are required to provide to the State Auditor a description of the noncompliance, the reason for the noncompliance, and an explanation of the corrective action taken.
Effective January 31, 2000, the provisions of this Code section were modified due to enactment of House Bill 617, the Public Retirement Systems Investment Authority Law. One of the provisions of this law was an increase in the percentage of total plan funds allowed to be invested in equities. Certain retirement plans with assets in excess of $50 million may not invest more than 60 percent of its assets in equities; all other funds may not invest more than 55 percent. These requirements are codified in O.C.G.A. 47-20-84. House Bill 617 also provided that any fund not in compliance with the limitations would be granted a two-year period to come into compliance, provided that during the period, the fund did not increase the percentage of its assets invested in equities.
Effective July 1, 2007, the provisions of this Code section were modified due to enactment of House Bill 318. One of the provisions of this bill was to increase the percentage of total plan funds allowed to be invested in corporations or in obligations of corporations organized in a country other than the United States or Canada. Certain retirement plans with assets in excess of $50 million may not invest more than 15 percent of its assets in such investments.
In 2009, the General Assembly passed House Bill 371, which became effective April 21, 2009. This bill changed the definition of a large retirement system to include any system which has more than $200 million in assets and certain retirement systems with an accumulated unfunded actuarial liability not greater than 25 percent of total assets (30 percent if total assets exceed $50 million). The bill also increases the percentage of retirement system assets that may be invested in equities. The limit was increased to 65 percent of total assets prior to July 1, 2010. The limit increased to 70 percent on July 1, 2010, and increased to 75 percent on July 1, 2011. No fund may increase its assets in equities through purchase by more than 20 percent in any fiscal year. Finally, this bill removes the limitation on the percentage of system assets that large retirement systems may invest in corporations or in obligations of corporations organized in a country other than the United States or Canada subject to the provisions of O.C.G.A. 47- 2083(a)(1).
Page G-1

In 2014, the General Assembly passed House Bill 761, which became effective July 1, 2014. This bill amended O.C.G.A. 47-20-10 so as to retain the funding parameters of GASB Statement 25 as the required minimum funding standards in Georgia. In 2015, the General Assembly passed House Bill 217, which became effective July 1, 2015. This bill amended O.C.G.A. 47-20-83 so as to authorize public retirement systems to invest in mutual funds, commingled funds, collective investment funds, common trusts, and group trusts.
Page G-2