Report of the State Auditor, local retirement plans, 2015 January 1

JANUARY 1, 2015
REPORT OF THE STATE AUDITOR LOCAL RETIREMENT PLANS

GREG S. GRIFFIN STATE AUDITOR

DEPARTMENT OF AUDITS AND ACCOUNTS 270 WASHINGTON STREET, S.W., ROOM 1-156 ATLANTA, GEORGIA 30334-8400

TABLE OF CONTENTS

LETTER OF TRANSMITTAL

INTRODUCTION................................................................ 1

COMPLIANCE WITH STATUTORY REQUIREMENTS....................... 2

SUMMARY OF LOCAL RETIREMENT PLANS............................

4

APPENDIX A: NON-RESPONDENT GOVERNMENTS...................... A-1

APPENDIX B: INVESTMENT PORTFOLIO BREAKDOWN OF SINGLE EMPLOYER DEFINED BENEFIT PLANS......... B-1

APPENDIX C: LISTING OF LOCAL RETIREMENT PLANS - DEFINED BENEFIT - BY NAME.................................................. - BY FUNDED RATIO......................................

C1-1 C2-1

APPENDIX D: HISTORICAL TREND DATA OF FUNDED RATIO............................................ D-1

APPENDIX E: ACTUARIAL ASSUMPTIONS................................ E-1

APPENDIX F: RETIREMENT AND POSTEMPLOYMENT BENEFITS OTHER THAN DEFINED BENEFIT PLANS .............. F-1

APPENDIX G: DEPARTMENT OF LAW MEMORANDUM................ G-1

APPENDIX H: PUBLIC RETIREMENT SYSTEMS STANDARDS LAW HISTORY OF SIGNIFICANT CHANGES................... H-1

INTRODUCTION
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 authorities.
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 H for some history on the significant changes made to the Public Retirement Systems Standards Law.
Page 1

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 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 2015 reporting period.
COMPLIANCE WITH STATUTORY REQUIREMENTS
REPORTING REQUIREMENTS Except as noted, 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:
Fulton-DeKalb Hospital Authority
This government has not complied with 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 investigation and financial reports are submitted.
In addition to the noncompliant government with an identified retirement plan listed above, Appendix A provides a listing of governments that did not respond to requests for information. Out of 2091 governments, 197 or 9% did not respond. The governments were repeatedly notified by letter 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 were, according to their actuaries, funded in accordance with the Public Retirement Systems Standards Law (O.C.G.A. 47-20-1 et seq.):
City of Pelham (noncompliant since 2011) Washington County Memorial Hospital (noncompliant since 2007)
These governments 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 these entities until the governments' 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 financial statements
Page 2

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 following, all applicable retirement plans provided information regarding their compliance with the investment requirements outlined in O.C.G.A. 47-20-83 and 47-20-84. According to the certifications received from the local retirement plans and responses to the investment survey, five plans did not comply with the investing requirements at all times during the two-year reporting period.
City of East Point Retirement Plan City of Thomasville Pension Plan Bibb County Pension Plan (repeat finding) Clayton County Pension Plan Carroll County Water Authority Pension Plan
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. A large number of respondents reported investments in mutual funds and exchange traded funds. It should be noted that mutual funds and exchange traded funds are not expressly authorized by O.C.G.A. 47-20-83. At the request of the State Auditor, the Department of Law prepared a memorandum dated February 9, 2006, entitled "Statutory Interpretation Regarding Public Retirement Systems Investment Powers" that addresses the issue of allowability of certain types of investments. This memorandum is included in this report as Appendix G.
In 2013, the question relating to the allowability of investments in mutual funds surfaced again. The resolution of this question will require legislative action to clarify legislative intent, and we will work with the general assembly to resolve the issue of allowability of these investments. We advised retirement plan administrators that we are not taking any action against local governments whose investment portfolios currently include mutual funds until we have definitive guidance.
It is important to note that large retirement plans, including plans administered by the Georgia Municipal Employees Benefit System and Association County Commissioners of Georgia, have different limitations on investments as specified in O.C.G.A. 47-20-84. House Bill 371, which became effective April 21, 2009, modified the def-
Page 3

inition of large retirement systems. The bill also modified the limitation on investments in equities.

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 contributions 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 453 defined benefit plans subject to the Public Retirement Systems Standards Law. Of this total, 77 (17%) are single-employer plans. Exhibit I shows the number of defined benefit plans by type of local government unit.

Exhibit I Number of Defined Benefit Retirement Plans
by Type of Local Government Unit

Governmental Units

Total Number

Number With

Number of

Percent With

Local Retirement Local Retirement Local Retirement

Plans

Plans 1

Plans

Municipalities 2

531

264

270

50%

Counties

153

108

111

71%

Consolidated Governments

6

4

11

67%

Regional Commissions 3

12

9

9

75%

Local Boards of Education

180

4

4

2%

Local Authorities 4

1,209

47

48

4%

2,091

436

453

21%

1 Some governments have more than one retirement plan 2 Incorporated/active municipalities from the Georgia Department of Community Affairs 3 2008 HB 1216 changed Regional Development Centers to Regional Commissions. There are 12 Regional
Commissions. 4 Local authorities identified by the Georgia Department of Community Affairs

Page 4

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 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 costsharing 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 281 local governments. The ACCG administers retirement programs for 95 local governments. Together, these two plans administer 83% 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.
SUMMARY OF DEFINED BENEFIT PLANS
Exhibit II shows the number of local governmental units that have retirement plans and separates those plans that are single-employer plans from those administered by GMEBS or ACCG.

Exhibit II Administrators of Local Retirement Plans

Governmental Units

SingleEmployer 1

GMEBS 2

Municipalities

27

243

Counties

19

0

Consolidated Governments

8

3

Regional Commissions

2

7

Local Boards of Education

4

0

Local Authorities

17

28

77

281

1 Including closed plans 2 Georgia Municipal Employees Benefit System 3 Association County Commissioners of Georgia

ACCG 3
0 92 0 0 0 3 95

Total
270 111 11 9 4 48 453

Page 5

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 2009, 2011, 2013 and 2015 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 going-concern 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 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.
INSURANCE CONTRACTS
In some cases, retirement plans may be established pursuant to an insurance contract between an insurer and a government entity. These retirement plans do not incur a liability for the sponsoring government entity. Based on the definition of re-
Page 6

tirement systems in the Public Retirement Systems Standards Law, insurance contracts are not considered local retirement systems. Therefore, these plans are not included in this report. As reported in Appendix F, one local government authority reported the purchase of insurance contracts. 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. OTHER POSTEMPLOYMENT BENEFITS Other postemployment benefits (OPEB) are benefits (other than pension benefits) provided between termination of employment and retirement as well as the period after retirement. 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.
Page 7

APPENDIX A
NON-RESPONDENT GOVERNMENTS

Appendix A: Non-Respondent Governments
2014 Non-Respondent Governments:
Cities
Alapaha Allenhurst Ambrose Andersonville Arnoldsville Bellville Between Bluffton Boston Braswell Culloden Dearing DeSoto Edge Hill Fairmount Flovilla Flowery Branch Funston Geneva Gillsville Graham Grayson Homerville Hoschton Jacksonville Leslie Lovejoy Maxeys

Prior surveys in which the government did not respond: *

2012

2010

2008

2006

X

X

X

X

X

X

X

X

X

X

X

X

X

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 A-1

Appendix A: Non-Respondent Governments
2014 Non-Respondent Governments:
Maysville Mountain Park Porterdale Ranger Rebecca Rest Haven Santa Claus Siloam Sparta Stillmore Sugar Hill Sunny Side Sycamore Talbotton Tarrytown Taylorsville Twin City Unadilla Vidette
Counties
Baker County Calhoun County Echols County Screven County Towns County

Prior surveys in which the government did not respond: *

2012

2010

2008

2006

X

X

X

X

X

X

X

X

X

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 A-2

Appendix A: Non-Respondent Governments
2014 Non-Respondent Governments:
Local Boards of Education
Savannah-Chatham County Board of Education Franklin County Board of Education Glynn County Board of Education Johnson County Board of Education Stephens County Board of Education Talbot County Board of Education Wilkinson County Board of Education City of Buford Board of Education
Local Authorities
Abbeville Housing Authority Augusta, Georgia Landbank Authority Bacon County Development Authority Bacon Industrial Building Authority Banks County Industrial Building Authority Berrien County Airport Authority Berrien County Development Authority Boston Downtown Development Authority Bowdon Housing Authority Bremen Housing Authority Brooks County Hospital Authority Camden County Public Service Authority Central Valdosta Development Authority Chehaw Park Authority City of Grayson Downtown Development Authority City of Homerville Water and Sewer Authority City of Pearson, Georgia Industrial Authority City of Vienna Solid Waste Management Authority

Prior surveys in which the government did not respond: *

2012

2010

2008

2006

X

X

X

X

X

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 A-3

Appendix A: Non-Respondent Governments
2014 Non-Respondent Governments:
City of Villa Rica Public Facilities Authority Classic Center Authority for Clarke County Clayton Collaborative Authority Clayton County Water Authority Columbus Airport Commission Cordele Office Building Authority Dade County Industrial Development Authority Dawson County Industrial Building Authority Dekalb County Convention Center Authority Development Authority of Appling County Development Authority of Banks County Development Authority of Cherokee County Development Authority of Clay County Development Authority of Columbia County Development Authority of Crisp County Development Authority of Dawson County Development Authority of Early County Development Authority of Fulton County Development Authority of Heard County Development Authority of Jasper County Development Authority of Jefferson County, Georgia Development Authority of the City of Folkston and Charlton County Development Authority of the City of Forest Park, Georgia Development Authority of the City of Gordon Development Authority of the City of Milledgeville and Baldwin County Development Authority of the City of Oakwood Development Authority of Union County Dodge County Hospital Authority Downtown Development Authority Cleveland Downtown Development Authority for the City of Valdosta, Georgia Downtown Development Authority of Cordele

Prior surveys in which the government did not respond: *

2012

2010

2008

2006

X X

X

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 A-4

Appendix A: Non-Respondent Governments
2014 Non-Respondent Governments:
Downtown Development Authority of Hinesville, Georgia Downtown Development Authority of the City of Senoia Downtown Development Authority of the City of Smithville Downtown Development Authority of the City of Warm Springs Downtown Development Authority of Walnut Grove Economic Development Authority of Fort Valley, Georgia Emanuel County Hospital Authority Etowah Area Consolidated Housing Authority Fayette County Development Authority Flowery Branch Development Authority Glynn-Brunswick Memorial Hospital Authority Griffin-Spalding County Land Bank Authority Hall County Family Connection Network Hancock County Hospital Authority Henry County Development Authority Henry County Governmental Services Authority Hinesville Development Authority Homerville Downtown Development Authority Homerville Recreational Facilities Authority Hospital Authority of Ben Hill County Hospital Authority of Calhoun County, Georgia Hospital Authority of Early County, Georgia Hospital Authority of Fulton County Hospital Authority of Irwin County Hospital Authority of Tattnall County, Georgia Housing Authority of City of Danielsville Housing Authority of the City of Alamo Housing Authority of the City of Canton Housing Authority of the City of Clarkston Housing Authority of the City of Comer Housing Authority of the City of Crawfordville

Prior surveys in which the government did not respond: *

2012

2010

2008

2006

X

X

X

X

X

X

X

X

X

X

X

X

X

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 A-5

Appendix A: Non-Respondent Governments
2014 Non-Respondent Governments:
Housing Authority of the City of Dahlonega Housing Authority of the City of Forsyth Housing Authority of the City of Fort Oglethorpe, Georgia Housing Authority of the City of Glennville Housing Authority of the City of Glenwood Housing Authority of the City of Greensboro, Georgia Housing Authority of the City of Greenville Housing Authority of the City of Hampton, Georgia Housing Authority of the City of Harlem, Georgia Housing Authority of the City of Hartwell Housing Authority of the City of Homerville, Georgia Housing Authority of the City of Jesup 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 Manchester Housing Authority of the City of McRae Housing Authority of the City of Monticello Housing Authority of the City of Roberta, Ga. Housing Authority of the City of Soperton Housing Authority of the City of Sparta Housing Authority of the City of Stewart Housing Authority of the City of Thomson, Georgia Housing Authority of the City of Warrenton Housing Authority of the County of Dekalb, Georgia Housing Authority of the County of Houston, Georgia Joint Development Authority of Banks, Habersham and Rabun Counties Joint Development Authority of Dawson, Lumpkin and White Counties Lafayette Hospital Authority Lower Chattahoochee Regional E-911 Authority Macon-Bibb County Urban Development Authority

Prior surveys in which the government did not respond: *

2012

2010

2008

2006

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

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 A-6

Appendix A: Non-Respondent Governments
2014 Non-Respondent Governments:
Montezuma Downtown Development Authority Morgan County Georgia Hospital Authority Moultrie-Colquitt County Development Authority North Georgia Solid Waste Management Authority Oglethorpe County Water Authority Oglethorpe Development Authority Oglethorpe Downtown Development Authority Paulding County Airport Authority Paulding County Industrial Building Authority Peach County Water & Sewerage Authority Perry-Houston County Airport Authority Reidsville Housing Authority Richmond Hill Convention and Visitors Bureau Savannah Economic Development Authority Scott Water and Sewer Authority Screven County Hospital Authority Screven County Public Facilities Authority Southwest Georgia Joint Development Authority Stephens County School Building Authority Stewart County Water and Sewerage Authority The Atlanta Development Authority d/b/a Invest Atlanta The City of Colquitt Downtown Development Authority Tri-County Joint E-911 Authority Unadilla Arena and Tourism Authority Valdosta Housing Authority Valdosta-Lowndes County Industrial Authority

Prior surveys in which the government did not respond: *

2012

2010

2008

2006

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

* This appendix is intended to show the reporting trend of the current year's non-respondent governments and does not include all entities that did not respond to the 2012, 2010, 2008 or 2006 surveys.
Page A-7

APPENDIX B
INVESTMENT PORTFOLIO BREAKDOWN OF SINGLE EMPLOYER DEFINED BENEFIT PLANS

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 Cartersville Clayton Covington Dalton Decatur Doraville East Point Gainesville Hapeville Macon Macon Fire & Police Ret. Sys. Marietta Milledgeville Moultrie Peachtree City Savannah Thomasville Tifton
Counties
Bibb County Chatham County Clayton County Cobb County Coweta County DeKalb County Dougherty County Effingham County Evans County Forsyth County Fulton County Glynn County Gwinnett County Liberty County Troup County Upson County Walker County

Most Recent As of

Mutual Funds/ Similar Asset
Pools

Exchange Traded Unit Investment

Funds

Trust

Alternative Investments

Corporations or

Investments in U.S. and obligations of corporations

Canadian Corporations or organized in a country

Obligations of

other than the United

Corporations

States or Canada

U.S. Government Bonds, Notes, and
Warrants

State Taxable Bonds, Notes, or Warrants

Subtotal to Page B-2

7/31/2014 6/30/2014 9/30/2014 9/30/2014 9/30/2014 6/30/2014 6/30/2014 12/31/2013 7/1/2013 12/31/2013 5/31/2014 9/30/2014 6/24/2014 3/31/2014 6/30/2014 12/31/2013 6/30/2013 6/30/2014 6/30/2013 6/30/2014 10/1/2013 7/24/2014 12/31/2013 3/31/2014 6/30/2013

6.60 99.00 33.41 47.67 46.69
100.00 13.80
100.00 70.46 99.00 13.90 98.93 100.00 60.00 75.00 24.00 50.33
100.00
51.90

0.90 1.00 18.25 26.06 25.82
9.00 10.00
8.90

70.20 30.77 6.07 6.20 75.30 72.50
50.67 11.67 59.80
72.00
54.70 36.50 49.00

12.20

5.00

6.16 2.16 2.38

13.00

20.34 17.87 14.00
26.00 4.00
16.00 13.00

0.28 0.90 1.01 3.49
13.00

94.90 100.00 88.87 82.86 82.10 75.30 72.50 100.00 13.80 74.50 100.00 100.00 99.00 87.70 98.93 100.00 95.00 85.00 100.00 50.33
0.00 100.00 83.70 97.30 75.00

12/31/2013 6/30/2013 6/30/2013 8/31/2014 6/30/2013 6/30/2014 7/1/2013 1/1/2014 6/30/2013 12/31/2013 12/31/2013 6/30/2014 6/30/2014 6/30/2013 10/31/2014 12/31/2013 12/31/2013

59.39
97.31 95.74 90.00 97.00 15.19
11.60 94.00 100.00

0.12 10.04

93.30 51.83 32.20 64.01
10.00 5.31 88.30 42.20

12.63 3.27 9.89

2.70 18.57
1.60

1.80 13.80

14.53 4.40

96.00

83.15

0.00

96.46

0.00

73.90

97.31

95.74

100.00

97.00

0.41

45.48

90.10

72.00

94.00

100.00

0.00

0.00

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 Cartersville Clayton Covington Dalton Decatur Doraville East Point Gainesville Hapeville Macon Macon Fire & Police Ret. Sys. Marietta Milledgeville Moultrie Peachtree City Savannah Thomasville Tifton
Counties
Bibb County Chatham County Clayton County Cobb County Coweta County DeKalb County Dougherty County Effingham County Evans County Forsyth County Fulton County Glynn County Gwinnett County Liberty County Troup County Upson County Walker County

Subtotal from Page B-1

Bonds, notes, warrants, and other

securities not in default which Bonds, Debentures, or

are the direct obligations of the other securities issued or

government of any foreign insured or guaranteed by

country the International

any U.S. agency,

Monetary Fund lists as an

authority, unit, or

industrialized country

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

Cash and cash Equivalents

94.90 100.00 88.87 82.86 82.10 75.30 72.50 100.00 13.80 74.50 100.00 100.00 99.00 87.70 98.93 100.00 95.00 85.00 100.00 50.33
0.00 100.00 83.70 97.30 75.00

2.10

3.67

0.86

1.26

0.91

1.34

0.99

79.00

19.52

2.13

10.80

5.00

47.32

43.00

5.80

14.00

3.00
5.94 7.68 7.61 24.70 27.50
2.10 2.68
1.00 1.50 1.07
5.00 3.00
2.35 18.00
2.70 11.00

Other
0.66 7.29 7.96
5.10 1.17
7.00 39.00 10.50

Total
100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

96.00 83.15 0.00 96.46 0.00 73.90 97.31 95.74 100.00 97.00 45.48 90.10 72.00 94.00 100.00 0.00 0.00

1.48

2.52

100.00

12.20

2.45

2.20

100.00

100.00

100.00

0.12

0.02

0.42

2.15

0.83

100.00

100.00

100.00

24.90

1.20

100.00

2.69

100.00

3.98

0.28

100.00

100.00

3.00

100.00

0.41

2.74

2.17

49.20

100.00

9.90

100.00

2.60

12.00

2.00

11.40

100.00

6.00

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
Local Boards of Education Fulton County Board of Education Gwinnett County Board of Education Polk County Board of Education
Regional Commissions Atlanta Regional Commission Southwest Georgia Regional Commission
Local Authorities Atlanta Housing Authority, City of Austell Gas System Carroll County Water Authority Cobb County-Marietta Water Authority Floyd County Hospital Authority Fulton-DeKalb Hospital Authority LaGrange-Troup County Hospital Authority Macon Water Authority Macon-Bibb County Transit Authority MARTA-Union MARTA-Non-Represented Newnan Water and Light Commission Polk County Water, Sewer and Solid Waste Authority The Medical Center Hospital Authority Valdosta/Lowndes County Hospital Authority Walker County Water and Sewerage Authority Washington County Memorial Hospital

Most Recent As of

Mutual Funds/ Similar Asset
Pools

Exchange Traded Unit Investment

Funds

Trust

Alternative Investments

Corporations or

Investments in U.S. and obligations of corporations

Canadian Corporations or organized in a country

Obligations of

other than the United

Corporations

States or Canada

U.S. Government Bonds, Notes, and
Warrants

State Taxable Bonds, Notes, or Warrants

Subtotal to Page B-4

6/30/2013 6/30/2014 6/30/2014 8/11/2014

18.80 6.60 17.00

16.00

64.40 54.00 60.10 34.00

2.70

2.20

69.30

20.60

93.40

15.90

9.40

92.00

9.00

9.00

85.00

6/30/2014 12/31/2013 12/31/2013

25.85 1.70 91.40

64.30

0.25

51.05

0.10

22.60

2.02

9.90

0.14

89.21

6.40

95.10

91.40

12/31/2013 6/30/2014

98.00 54.80

2.00

100.00

54.80

Did not respond to investment survey.

5/31/2014

7/1/2013

28.00

3/31/2014

62.80

12/31/2013

Did not respond to investment survey.

12/31/2013

98.50

9/30/2013

12/31/2013

45.50

6/30/2014

48.46

5.71

1.86

12/31/2013

12/31/2013

99.50

12/31/2013

96.80

6/30/2013

50.28

12/31/2013

52.39

12/31/2013

7/21/2014

100.00

42.00
64.40
60.00 43.40 24.04 63.33
30.42 29.31

12.00

2.00

9.30

6.16

3.53

28.10

1.70

3.14 7.70

0.00

54.00

28.00

62.80

64.40

0.00

98.50

7.00

69.00

98.20

0.38

90.14

93.13

99.50

96.80

83.84

0.71

90.11

0.00

100.00

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
Local Boards of Education Fulton County Board of Education Gwinnett County Board of Education Polk County Board of Education
Regional Commissions Atlanta Regional Commission Southwest Georgia Regional Commission
Local Authorities Atlanta Housing Authority, City of Austell Gas System Carroll County Water Authority Cobb County-Marietta Water Authority Floyd County Hospital Authority Fulton-DeKalb Hospital Authority LaGrange-Troup County Hospital Authority Macon Water Authority Macon-Bibb County Transit Authority MARTA-Union MARTA-Non-Represented Newnan Water and Light Commission Polk County Water, Sewer and Solid Waste Authority The Medical Center Hospital Authority Valdosta/Lowndes County Hospital Authority Walker County Water and Sewerage Authority Washington County Memorial Hospital

Subtotal from Page B-3

Bonds, notes, warrants, and other

securities not in default which Bonds, Debentures, or

are the direct obligations of the other securities issued or

government of any foreign insured or guaranteed by

country the International

any U.S. agency,

Monetary Fund lists as an

authority, unit, or

industrialized country

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

Cash and cash Equivalents

69.30

3.50

15.00

1.90

93.40

6.60

92.00

8.00

85.00

Other

Total

10.30 15.00

100.00 100.00 100.00 100.00

89.21 95.10 91.40

4.22

0.01

0.10

2.63

2.09

1.84

100.00

1.00

3.80

100.00

8.60

100.00

100.00 54.80

45.20

100.00 100.00

0.00 54.00 28.00 62.80 64.40 0.00 98.50 69.00 98.20 90.14 93.13 99.50 96.80 83.84 90.11 0.00 100.00

0.00

37.00

9.00

100.00

72.00

100.00

35.80

1.40

100.00

31.50

4.10

100.00

0.00

1.50

100.00

16.00

15.00

100.00

1.80

100.00

5.16

0.03

0.98

2.55

1.14

100.00

2.24

0.38

4.25

100.00

0.50

100.00

3.20

100.00

12.55

3.61

100.00

6.47

3.26

0.16

100.00

100.00

100.00

100.00

Page B-4

APPENDIX C
LISTING OF LOCAL RETIREMENT PLANS - DEFINED BENEFIT
C1 - IN ALPHABETICAL ORDER BY GOVERNMENT NAME C2 - IN ORDER OF FUNDED RATIO PERCENTAGE

Appendix C1: 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 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 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 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

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

$289,880 5,834,813 2,882,814 8,643,244
271,681 115,860,920
3,538,483 40,278,497 10,527,201
406,848 2,371,252 561,450,000
954,964,648 115,509,000 828,815,000
169,615 981,548 7,423,976 1,285,144 8,847,233 7,467,333 3,547,843
86,259 1,261,466 1,425,944
101,101 5,215,550 1,085,467 1,096,953 1,544,598
241,904 2,651,977
260,891 146,728 7,399,053 548,694
Page C1-1

ACTUARIAL ACCRUED LIABILITY
$418,229 6,851,559 2,977,272 10,875,001
325,586 165,074,003
5,577,681 43,505,434 13,213,934
322,919 2,491,412 785,195,090
1,863,532,248 648,514,030
1,170,414,332 165,636
1,049,844 7,543,802 1,728,643 10,568,295 8,042,641 4,742,965
86,707 1,432,697 1,562,281
55,322 6,490,633 1,248,322 1,245,723 1,715,892
307,524 3,080,197
306,208 161,181 15,711,960 612,345

FUNDED RATIO
69.31% 85.16% 96.83% 79.48% 83.44% 70.19% 63.44% 92.58% 79.67% 125.99% 95.18% 71.50%
51.24% 17.81% 70.81% 102.40% 93.49% 98.41% 74.34% 83.71% 92.85% 74.80% 99.48% 88.05% 91.27%
182.75% 80.36% 86.95% 88.06% 90.02% 78.66% 86.10% 85.20% 91.03% 47.09% 89.61%

Appendix C1: Listing of Local Retirement Plans - By Entity Name

NAME OF GOVERNMENT 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 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, City of 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 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

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

ACTUARIAL VALUE OF PLAN ASSETS
1,093,689 6,572,276
733,008 6,641,516 7,982,033 7,590,652 *1 5,354,164
97,697 8,093,561
91,404 18,048,453 36,065,846
578,365 10,371,137
3,748,812 14,918,973
2,296,295 71,387
1,858,309 1,533,931 2,197,163 2,289,370
883,661 *2 3,070,105 64,223,467 860,390 281,657 8,492,942 10,096,349 10,186,482 3,456,227 30,280,909 12,751,234 987,957 982,155 4,119,242 2,852,075 75,640,022

Page C1-2

ACTUARIAL ACCRUED LIABILITY 844,880 9,423,951 731,070 8,131,704 10,821,433 8,488,592 656,015 5,856,444 153,831 10,456,031 155,695 22,475,264 34,710,454 604,305 13,798,725 4,290,597 15,133,021 2,468,325 87,156 1,974,845 1,708,897 2,332,521 3,559,462 1,630,173 *2 3,492,406 82,320,599 1,158,505 303,774 8,652,977 11,988,128 10,623,012 4,388,873 46,051,850 13,466,716 1,101,570 1,260,591 5,163,117 3,792,532 114,079,626

FUNDED RATIO 129.45% 69.74% 100.27% 81.67% 73.76% 89.42% *1 91.42% 63.51% 77.41% 58.71% 80.30% 103.90% 95.71% 75.16% 87.37% 98.59% 93.03% 81.91% 94.10% 89.76% 94.20% 64.32% 54.21% *2 87.91% 78.02% 74.27% 92.72% 98.15% 84.22% 95.89% 78.75% 65.75% 94.69% 89.69% 77.91% 79.78% 75.20% 66.30%

Appendix C1: Listing of Local Retirement Plans - By Entity Name

NAME OF GOVERNMENT 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 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 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 Gray Retirement Plan, City of Greensboro Retirement Plan, City of Greenville Retirement Plan, City of Griffin Retirement Plan, City of

ADMINISTRATOR GMEBS GMEBS 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

ACTUARIAL VALUE OF PLAN ASSETS
153,433 1,060,638
339,318 3,073,322
294,560 31,343,758
763,324 723,905 2,503,793 15,061,965 29,126,030 24,645,528 18,791,690 4,533,046 583,444 67,442,177 2,636,158 3,006,550 17,806,646 814,849 690,001 566,279 154,565 9,978,035 11,247,093 8,557,618 4,433,470 5,405,193 3,329,507 512,754 5,381,965 75,891,152 5,098,854
64,988 1,725,590 1,323,695
634,324 2,671,766
366,522 51,224,861

Page C1-3

ACTUARIAL ACCRUED LIABILITY 142,444 1,348,548 445,284 3,274,954 376,175 38,208,541 1,095,538 743,487 2,957,826 16,209,749 35,847,155 24,746,326 22,269,542 5,248,874 560,374 115,671,696 3,365,358 3,391,450 16,392,626 1,041,509 671,548 577,952 99,059 10,322,103 14,578,092 9,277,689 4,792,220 6,822,111 4,135,753 566,245 6,678,899 116,926,085 5,696,225 44,740 1,869,228 1,485,267 788,931 2,516,682 487,768 61,316,355

FUNDED RATIO 107.71% 78.65% 76.20% 93.84% 78.30% 82.03% 69.68% 97.37% 84.65% 92.92% 81.25% 99.59% 84.38% 86.36% 104.12% 58.30% 78.33% 88.65% 108.63% 78.24% 102.75% 97.98% 156.03% 96.67% 77.15% 92.24% 92.51% 79.23% 80.51% 90.55% 80.58% 64.91% 89.51% 145.26% 92.32% 89.12% 80.40% 106.16% 75.14% 83.54%

Appendix C1: Listing of Local Retirement Plans - By Entity Name

NAME OF GOVERNMENT 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 Helena 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 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 Lumpkin Retirement Plan, City of Lyons 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 GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS

ACTUARIAL VALUE OF PLAN ASSETS
2,071,841 363,662 143,736 609,723
2,469,758 22,254,604
1,193,378 4,657,106 2,884,156 2,815,000
262,517 474,386 771,410 13,750,979 662,096 2,126,312 653,437 6,390,662 2,554,470 2,999,142 334,130 9,259,589 2,275,866 10,837,324 7,887,719 9,533,075 29,579,874 *2 458,346 2,509,654 913,235 167,299 526,774 666,998 1,776,271 8,101,818 818,594 2,390,730 608,863 1,906,209

Page C1-4

ACTUARIAL ACCRUED LIABILITY 2,328,417 396,701 139,153 701,224 2,764,567 27,457,533 1,778,583 5,349,468 3,121,446 2,317,447 373,119 637,088 1,030,404 16,558,781 835,964 2,030,061 834,255 7,122,050 2,568,103 3,217,494 403,711 11,601,705 2,271,477 13,075,719 9,494,167 10,209,566 36,142,505 *2 517,208 2,438,631 904,156 194,481 594,879 381,248 1,857,733 8,587,558 1,073,196 2,648,615 728,128 2,093,860

FUNDED RATIO 88.98% 91.67% 103.29% 86.95% 89.34% 81.05% 67.10% 87.06% 92.40% 121.47% 70.36% 74.46% 74.86% 83.04% 79.20% 104.74% 78.33% 89.73% 99.47% 93.21% 82.76% 79.81% 100.19% 82.88% 83.08% 93.37% 81.84% *2 88.62% 102.91% 101.00% 86.02% 88.55% 174.95% 95.61% 94.34% 76.28% 90.26% 83.62% 91.04%

Appendix C1: Listing of Local Retirement Plans - By Entity Name

NAME OF GOVERNMENT Macon Fire & Police Retirement System Macon General Employees
Pension & Retirement System 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 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 Perry Retirement Plan, City of Pine Mountain Retirement Plan, Town of

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

ACTUARIAL VALUE OF PLAN ASSETS
191,412,512
67,470,067 9,432,032 3,404,754
87,436,880 228,861
4,809,004 2,238,002
104,006 77,223
391,868 11,143,562
2,473,080 2,327,615 15,137,215 4,207,967 2,288,174 11,228,659 12,237,075
472,853 579,590 136,598 340,749 2,005,168 14,591,352 424,259
91,266 8,126,408 1,967,714 1,303,318
907,137 786,155 2,206,216 181,029 23,517,646 2,958,336 *3 1,086,289 10,371,418 803,429

ACTUARIAL ACCRUED LIABILITY 196,653,934
80,012,170 9,384,100 3,831,726
156,757,528 304,244
8,952,953 2,610,653
131,957 105,959 474,702 15,616,470 2,486,614 2,745,402 20,496,231 5,083,488 2,583,232 12,041,691 12,397,570 562,553 631,552 152,215 391,409 2,233,549 16,850,975 455,061 138,643 9,478,352 3,548,939 1,379,688 976,956 1,158,009 2,729,423 172,517 27,474,194 3,675,520 *3 1,216,369 10,974,945 942,337

Page C1-5

FUNDED RATIO 97.33%
84.32% 100.51%
88.86% 55.78% 75.22% 53.71% 85.73% 78.82% 72.88% 82.55% 71.36% 99.46% 84.78% 73.85% 82.78% 88.58% 93.25% 98.71% 84.05% 91.77% 89.74% 87.06% 89.77% 86.59% 93.23% 65.83% 85.74% 55.45% 94.46% 92.85% 67.89% 80.83% 104.93% 85.60% 80.49% *3 89.31% 94.50% 85.26%

Appendix C1: Listing of Local Retirement Plans - By Entity Name

NAME OF GOVERNMENT 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 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 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

ADMINISTRATOR 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 GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS

ACTUARIAL VALUE OF PLAN ASSETS
10,122,241 5,879,530 95,348 2,327,191 3,190,349 729,402 687,425 632,123 160,282 5,979,315 1,208,008 734,502 730,005 4,345,284
63,009,440 1,241,096
60,908,909 750,354
5,007,855 261,418,338
*1 784,724 465,725 178,223 41,827,004 1,704,087 2,292,482 1,122,513 875,589 893,557 20,128,542 6,659,238 2,912,853 8,403,814 5,360,505 6,958,466 3,637,444 6,005,609 3,217,320 505,384

Page C1-6

ACTUARIAL ACCRUED LIABILITY 13,435,387 5,087,980 166,268 2,406,449 3,728,853 911,839 716,188 680,040 236,307 6,644,354 1,310,425 832,450 965,397 4,655,914 73,204,543 1,520,621 70,344,322 1,218,384 5,870,160 368,261,194 *1 870,755 541,565 147,171 50,785,945 898,648 2,196,726 1,134,816 966,391 949,747 17,308,794 7,347,155 2,628,988 9,588,647 3,266,389 6,120,951 4,591,818 7,106,398 3,965,958 539,378

FUNDED RATIO 75.34% 115.56% 57.35% 96.71% 85.56% 79.99% 95.98% 92.95% 67.83% 89.99% 92.18% 88.23% 75.62% 93.33% 86.07% 81.62% 86.59% 61.59% 85.31% 70.99% *1 90.12% 86.00% 121.10% 82.36% 189.63% 104.36% 98.92% 90.60% 94.08% 116.29% 90.64% 110.80% 87.64% 164.11% 113.68% 79.22% 84.51% 81.12% 93.70%

Appendix C1: Listing of Local Retirement Plans - By Entity Name

NAME OF GOVERNMENT 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 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

ADMINISTRATOR GMEBS GMEBS Single-Employer 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

ACTUARIAL VALUE OF PLAN ASSETS
711,553 8,414,794 30,770,257 6,630,940 1,258,748 16,503,063 15,240,642 4,628,099 5,579,895 1,436,462 11,753,238
814,824 37,205,709
5,757,145 3,272,426 4,663,566 1,041,428
51,894 377,927 276,904 88,138,655 1,009,299 6,075,470 16,005,617 2,704,763 6,051,601 135,568 263,338 391,964 498,319 11,443,849 1,173,967 680,206 6,818,766 2,151,878 270,826

Combined Cities

4,990,648,744

ACTUARIAL ACCRUED LIABILITY 601,436 9,391,978 32,545,819 7,501,329 1,474,142 28,420,844 15,183,605 5,311,219 6,769,656 1,560,404 16,870,414 832,800 69,823,325 7,102,971 3,929,172 5,005,373 1,043,385 35,976 401,823 281,463 92,012,267 650,304 6,593,462 21,698,484 3,113,697 8,228,334 135,891 299,984 411,772 741,667 17,442,159 983,229 871,178 7,579,548 2,190,542 355,728
7,663,618,549

FUNDED RATIO 118.31% 89.60% 94.54% 88.40% 85.39% 58.07% 100.38% 87.14% 82.43% 92.06% 69.67% 97.84% 53.29% 81.05% 83.29% 93.17% 99.81% 144.25% 94.05% 98.38% 95.79% 155.20% 92.14% 73.76% 86.87% 73.55% 99.76% 87.78% 95.19% 67.19% 65.61% 119.40% 78.08% 89.96% 98.23% 76.13%
65.12%

Page C1-7

Appendix C1: Listing of Local Retirement Plans - By Entity Name

NAME OF GOVERNMENT
COUNTIES
Appling County Pension Plan Bacon County Pension Plan Baldwin County Board of Commissioners
Defined Benefit Plan Banks County Pension Plan Barrow County Pension Plan Bartow County Pension Plan Ben Hill County Pension Plan Bibb 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 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 Retirement Plan Douglas County Employee Defined Benefit Plan Early County Pension Plan Early County Department of Public Safety Effingham County Pension Plan

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

ACTUARIAL VALUE OF PLAN ASSETS
7,195,387 860,555
12,625,691 696,707
15,272,018 42,734,944
3,431,156 101,961,308
1,927,241 2,556,250 6,600,274 13,777,398 5,457,236 2,410,014 2,781,764 168,226,797 46,028,130 340,269,292
639,049
466,937,665 8,870,246
10,431,326 46,212,997
1,754,258 10,294,573
3,606,212 6,397,370 1,205,884,641
824,809 1,101,039 44,413,094 29,387,087 *1 1,854,084 1,554,742 7,775,173

Page C1-8

ACTUARIAL ACCRUED LIABILITY
8,381,919 1,184,734
20,039,458 827,938
20,907,013 61,712,029
4,961,792 143,964,221
2,520,945 3,223,056 8,576,737 19,661,882 9,025,230 3,285,640 3,632,580 234,174,589 79,594,904 469,845,321
938,725
873,883,393 11,010,733 15,677,346 74,742,029 2,202,603 13,367,052 4,129,124 8,569,223
1,903,789,834 1,170,491 1,666,126
52,666,565 48,658,318
149,087 2,288,264 1,589,775 5,744,722

FUNDED RATIO
85.84% 72.64%
63.00% 84.15% 73.05% 69.25% 69.15% 70.82% 76.45% 79.31% 76.96% 70.07% 60.47% 73.35% 76.58% 71.84% 57.83% 72.42% 68.08%
53.43% 80.56% 66.54% 61.83% 79.64% 77.01% 87.34% 74.66% 63.34% 70.47% 66.08% 84.33% 60.39% *1 81.03% 97.80% 135.34%

Appendix C1: Listing of Local Retirement Plans - By Entity Name

NAME OF GOVERNMENT Elbert County Pension Plan Evans County Board of Commissioners
Retirement 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 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 Lee County Retirement Plan Liberty County, Retirement Plan of Lincoln County Pension Plan 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

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

ACTUARIAL VALUE OF PLAN ASSETS
11,105,646
1,487,479 6,722,335 30,581,382 40,673,511 12,310,804 5,439,009 1,173,841,252
70,392,458 2,309,812 2,994,284
802,857,000 4,930,759
16,059,979 3,550,551 4,013,853 7,318,469 2,204,962
87,417,096 53,405,279
8,953,659 2,277,043 2,932,895 2,174,470 5,910,480 2,967,173 7,445,251 2,826,011
269,362 13,886,519
1,965,427 25,996,693
1,828,102 4,974,862
546,788 6,064,531 2,443,069
922,677

Page C1-9

ACTUARIAL ACCRUED LIABILITY 14,442,522
2,063,102 8,800,847 23,035,577 51,448,163 17,536,395 6,298,982 1,608,975,544
84,878,245 2,830,638 4,001,615
956,487,667 6,008,101
48,076,577 4,777,697 5,157,028 9,310,964 2,783,405
133,436,603 72,288,038 12,278,627 2,335,873 3,786,254 2,651,206 7,958,025 3,545,180 8,842,447 3,589,811 64,628 23,345,404 2,689,797 37,170,867 2,708,829 6,654,962 824,082 7,180,158 3,286,372 1,225,228

FUNDED RATIO 76.90%
72.10% 76.38% 132.76% 79.06% 70.20% 86.35% 72.96%
82.93% 81.60% 74.83% 83.94% 82.07% 33.40% 74.32% 77.83% 78.60% 79.22% 65.51% 73.88% 72.92% 97.48% 77.46% 82.02% 74.27% 83.70% 84.20% 78.72% 416.79% 59.48% 73.07% 69.94% 67.49% 74.75% 66.35% 84.46% 74.34% 75.31%

Appendix C1: Listing of Local Retirement Plans - By Entity Name

NAME OF GOVERNMENT 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 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 *4 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 Wilcox County Pension Plan Wilkes County Pension Plan Wilkinson County Pension Plan
Combined Counties

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

ACTUARIAL VALUE OF PLAN ASSETS
4,963,792 15,389,493
6,329,015 7,263,347 3,396,095 10,195,073 2,269,784 23,277,699 6,984,287 3,688,493
11,218,132 1,390,464 8,241,002 4,378,176
38,431,541 179,235
1,826,955 17,000,117
1,580,456 4,245,904 1,616,708 9,884,040 18,273,702 3,403,736
728,592 28,491,563
2,778,870 6,438,090
6,381,844 9,108,223 2,316,012
771,704 7,459,318 27,816,021
992,139 1,717,324 3,398,953
5,360,577,358
Page C1-10

ACTUARIAL ACCRUED LIABILITY 5,527,449 20,639,639 8,958,333 8,534,251 6,075,281 15,955,259 2,399,945 27,948,658 7,785,542 5,705,153
12,015,084 1,637,284
10,968,218 6,333,968
51,126,898 279,372
2,222,759 24,093,395
2,484,389 5,525,538 2,145,050 11,908,294 22,058,336 4,192,292
882,869 37,561,248
4,030,798 7,539,887
9,324,526 11,439,891
3,049,314 774,837
10,155,350 30,999,515
1,321,573 2,436,199 4,428,971
7,701,004,223

FUNDED RATIO 89.80% 74.56% 70.65% 85.11% 55.90% 63.90% 94.58% 83.29% 89.71% 64.65%
93.37% 84.93% 75.14% 69.12% 75.17% 64.16% 82.19% 70.56% 63.62% 76.84% 75.37% 83.00% 82.84% 81.19% 82.53% 75.85% 68.94% 85.39%
68.44% 79.62% 75.95% 99.60% 73.45% 89.73% 75.07% 70.49% 76.74%
69.61%

Appendix C1: Listing of Local Retirement Plans - By Entity Name

NAME OF GOVERNMENT
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 Richmond County Employee Pension Fund (1945)
Combined Consolidated Governments

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

ACTUARIAL VALUE OF PLAN ASSETS
179,407,932 *1 *1
64,261,414 *1
99,509,643
3,157,740
134,101,979
165,454,093 145,226
6,423,808
652,461,835

REGIONAL COMMISSIONS
Atlanta Regional Commission Retirement Plan Coastal 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
Combined Regional Commissions

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

31,707,498 1,554,899 5,271,913 3,189,378 6,628,787 3,565,933 6,673,479 8,751,102 1,421,122
68,764,111

LOCAL BOARDS OF EDUCATION *5
Fulton County School Employees' Pension Fund Gwinnett County Board of Education Retirement System Polk County Board of Education Retirement System
Combined Local Boards of Education

Single-Employer Single-Employer Single-Employer

278,691,000 1,391,664,548
2,799,658
1,673,155,206

Page C1-11

ACTUARIAL ACCRUED LIABILITY
201,326,401 *1 *1
82,674,584 *1
119,742,080
2,866,106
151,705,610
189,420,647 169,602
8,756,203
756,661,233
34,996,804 1,797,268 5,668,466 3,355,878 7,294,318 3,739,417 7,046,586
11,025,808 2,038,394
76,962,939
466,958,000 1,411,084,633
5,173,490
1,883,216,123

FUNDED RATIO
89.11% *1 *1 77.73% *1 83.10%
110.18%
88.40%
87.35% 85.63% 73.36%
86.23%
90.60% 86.51% 93.00% 95.04% 90.88% 95.36% 94.71% 79.37% 69.72%
89.35%
59.68% 98.62% 54.12%
88.85%

Appendix C1: Listing of Local Retirement Plans - By Entity Name

NAME OF GOVERNMENT
LOCAL AUTHORITIES
Atlanta Housing Authority, City of Austell Gas System Retirement Plan Brunswick - Glynn County Joint
Water & Sewer Commission Carroll County Water Authority Chatsworth Water Commission Cherokee County Water and Sewerage Authority Cobb County-Marietta Water Authority Columbus Medical Center Hospital Authority Conyers Housing Authority, City of Covington Housing Authority *6 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 Floyd County Hospital Authority Fort Valley Utilities Commission Fulton-DeKalb Hospital Authority Haralson County Water Authority Heard County Water Authority Henry County Water and Sewerage Authority Housing Authority of the City of Clayton Jasper County Joint 911 Authority Jonesboro Housing Authority LaGrange Housing Authority LaGrange-Troup County Hospital Authority Lavonia Housing Authority Liberty Consolidated Planning Commission Macon Water Authority Macon-Bibb County Transit Authority Metro Atlanta Rapid Transit Authority
Non-Represented Pension Plan Metro Atlanta Rapid Transit Authority
Union Employees Retirement Plan Middle Flint Regional E-911 Authority

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

ACTUARIAL VALUE OF PLAN ASSETS
39,085,575 10,854,506
2,070,511 2,770,333 1,984,504 11,970,470 24,579,374 20,269,600
662,452 49,649
25,411,864 928,096 604,209 968,706
4,213,222 1,062,627 21,144,574 6,199,470 206,282,219 *7
634,860 380,549 21,959,738 144,984 297,845 2,403,687 953,425 51,738,922 413,263 414,636 23,193,892 4,935,306
348,205,133
484,806,444 14,113

Page C1-12

ACTUARIAL ACCRUED LIABILITY
41,503,745 14,070,473
3,334,701 3,005,304 2,342,276 16,243,810 26,277,061 21,608,000
875,281 307,089
24,242,834 1,033,796 481,235 1,335,340 6,515,881 1,285,683
32,880,619 6,803,396
253,615,242 *7 753,472 480,803
28,481,338 289,483 303,582
3,034,735 780,215
58,481,089 592,384 443,885
31,857,907 9,585,361
445,249,195
474,549,259 22,901

FUNDED RATIO
94.17% 77.14%
62.09% 92.18% 84.73% 73.69% 93.54% 93.81% 75.68% 16.17%
104.82% 89.78%
125.55% 72.54% 64.66% 82.65% 64.31% 91.12% 81.34% *7 84.26% 79.15% 77.10% 50.08% 98.11% 79.21%
122.20% 88.47% 69.76% 93.41% 72.80% 51.49%
78.20%
102.16% 61.63%

Appendix C1: Listing of Local Retirement Plans - By Entity Name

NAME OF GOVERNMENT Mount Vernon Housing Authority Newnan Water and Light Commission Northeast Georgia Housing Authority Polk County Water Authority Rome-Floyd County Recreation Authority Towns County Water & Sewer Authority Unadilla Housing Authority Valdosta/Lowndes County Hospital Authority Valdosta/Lowndes County Parks & Recreation Authority Vidalia Housing Authority, City of Vienna Housing Authority, City of Villa Rica Housing Authority, City of Walker County Water and Sewage Authority Washington County Memorial Hospital

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

ACTUARIAL VALUE OF PLAN ASSETS
79,594 30,313,663
3,514,311 1,002,781 3,836,016
249,260 333,930 71,589,643 961,416 246,071 136,135 548,032 929,515 1,354,760 *3

ACTUARIAL ACCRUED LIABILITY 123,742 31,404,053 3,950,654 1,262,272 2,727,388 276,697 480,310 79,053,488 1,283,019 118,348 139,332 497,412 1,465,786 2,593,587 *3

Combined Local Authorities Combined Totals

1,436,703,885 $14,182,311,139

1,638,043,463 $19,719,506,530

FUNDED RATIO 64.32% 96.53% 88.96% 79.44% 140.65% 90.08% 10.28% 90.56% 74.93% 207.92% 97.71% 110.18% 63.41% 52.23% *3
87.71%
71.92%

*1 - 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.
*2 - Plan was created in 2013 or 2014. No information on actuarial value of plan assets or actuarial accrued liabiltiy was available. *3 - Government is not in compliance with funding requirements of O.C.G.A. 47-1-3. *4 - Plan was transferred from ACCG administered plan to a single employer defined benefit plan in 2013. *5 - Since the City of Atlanta General Employees Pension Fund includes certain employees of the Atlanta Board of Education,
information is provided with the City of Atlanta. *6 - Plan was created in 2013. *7 - Government has not submitted all information required and is not in compliance with O.C.G.A. 47-1-3.

Page C1-13

Appendix C2: Listing of Local Retirement Plans - By Funded Ratio

NAME OF GOVERNMENT
CITIES
Snellville Retirement Plan, City of Blakely-Early County Department of
Recreation Retirement Plan Lithonia Retirement Plan, City of Suwanee Retirement Plan, City of Enigma Retirement Plan, Town of Warrenton Retirement Plan, City of Gibson Retirement Plan, City of Waleska Retirement Plan, City of Buena Vista Retirement Plan, City of Aragon Retirement Plan, City of Hazlehurst Retirement Plan, City of Smithville Retirement Plan, City of Woodbine Retirement Plan, City of Tennille Retirement Plan, City of Statesboro Retirement Plan, City of Port Wentworth Retirement Plan, City of Swainsboro Retirement Plan, City of Stone Mountain Retirement Plan, City of Elberton Retirement Plan, City of Danielsville Retirement Plan, City of Greensboro Retirement Plan, City of Patterson Retirement Plan, City of Hogansville Retirement Plan, City of Social Circle Retirement Plan, City of East Ellijay Retirement Plan, City of Cartersville Retirement Plan, City of Hagan Retirement Plan, City of Lavonia Retirement Plan, City of Ellijay Retirement Plan, City of Attapulgus Retirement Plan, City of Leesburg Retirement Plan, City of Madison Retirement Plan, City of Toccoa Retirement Plan, City of Butler Retirement Plan, City of Jonesboro Retirement Plan, City of Wadley Retirement Plan, City of Whigham Retirement Plan, City of

ADMINISTRATOR

ACTUARIAL VALUE OF PLAN ASSETS

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 GMEBS GMEBS GMEBS GMEBS GMEBS

$1,704,087
101,101 666,998 5,360,505 154,565 1,009,299
64,988 51,894 1,093,689 406,848 2,815,000 178,223 1,173,967 711,553 20,128,542 5,879,530 6,958,466 2,912,853 17,806,646 153,433 2,671,766 181,029 2,126,312 2,292,482 583,444 36,065,846 143,736 2,509,654 690,001 169,615 913,235 9,432,032 15,240,642 733,008 2,275,866 1,041,428 135,568
Page C2-1

ACTUARIAL ACCRUED LIABILITY
$898,648
55,322 381,248 3,266,389
99,059 650,304
44,740 35,976 844,880 322,919 2,317,447 147,171 983,229 601,436 17,308,794 5,087,980 6,120,951 2,628,988 16,392,626 142,444 2,516,682 172,517 2,030,061 2,196,726 560,374 34,710,454 139,153 2,438,631 671,548 165,636 904,156 9,384,100 15,183,605 731,070 2,271,477 1,043,385 135,891

FUNDED RATIO
189.63%
182.75% 174.95% 164.11% 156.03% 155.20% 145.26% 144.25% 129.45% 125.99% 121.47% 121.10% 119.40% 118.31% 116.29% 115.56% 113.68% 110.80% 108.63% 107.71% 106.16% 104.93% 104.74% 104.36% 104.12% 103.90% 103.29% 102.91% 102.75% 102.40% 101.00% 100.51% 100.38% 100.27% 100.19%
99.81% 99.76%

Appendix C2: Listing of Local Retirement Plans - By Funded Ratio

NAME OF GOVERNMENT Douglasville Retirement Plan, City of Berlin Retirement Plan, City of Jasper Retirement Plan, City of Millen Retirement Plan, City of Soperton Retirement Plan, City of Moultrie Pension Plan, City of Chamblee Retirement Plan, City of Austell Retirement Plan, City of Warm Springs Retirement Plan, City of Wrens Retirement Plan, City of Commerce Retirement Plan, City of Emerson Retirement Plan, City of Union Point Retirement Plan, City of Doerun Retirement Plan, City of Macon Fire & Police Retirement System Adairsville Retirement Plan, City of Powder Springs Retirement Plan, City of Fairburn Retirement Plan, City of Remerton Retirement Plan, City of Cordele Retirement Plan, City of Warner Robins Retirement Plan, City of Cave Spring Retirement Plan, City of Locust Grove Retirement Plan, City of Whitesburg Retirement Plan, City of Ashburn Retirement Plan, City of Cumming Retirement Plan, City of Thomasville Pension Plan, City of Perry Retirement Plan, City of Ocilla Retirement Plan, City of Loganville Retirement Plan, City of Clarkston Retirement Plan, City of Chickamauga Retirement Plan, City of St. Marys Retirement Plan, City of Walthourville Retirement Plan, City of Dawson Retirement Plan, City of Temple Retirement Plan, City of Auburn Retirement Plan, City of LaFayette Retirement Plan, City of Rockmart Retirement Plan, City of Morrow Retirement Plan, City of

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

ACTUARIAL VALUE OF PLAN ASSETS
24,645,528 86,259
2,554,470 2,473,080 1,122,513 12,237,075 14,918,973 7,423,976
276,904 2,151,878 8,492,942
566,279 814,824 723,905 191,412,512 2,882,814 2,327,191 9,978,035 687,425 10,186,482 88,138,655 578,365 1,776,271 391,964 2,371,252 12,751,234 30,770,257 10,371,418 1,303,318 8,101,818 2,197,163 1,858,309 893,557 377,927 3,073,322 505,384 981,548 9,533,075 4,345,284 11,228,659

Page C2-2

ACTUARIAL ACCRUED LIABILITY 24,746,326 86,707 2,568,103 2,486,614 1,134,816 12,397,570 15,133,021 7,543,802 281,463 2,190,542 8,652,977 577,952 832,800 743,487 196,653,934 2,977,272 2,406,449 10,322,103 716,188 10,623,012 92,012,267 604,305 1,857,733 411,772 2,491,412 13,466,716 32,545,819 10,974,945 1,379,688 8,587,558 2,332,521 1,974,845 949,747 401,823 3,274,954 539,378 1,049,844 10,209,566 4,655,914 12,041,691

FUNDED RATIO 99.59% 99.48% 99.47% 99.46% 98.92% 98.71% 98.59% 98.41% 98.38% 98.23% 98.15% 97.98% 97.84% 97.37% 97.33% 96.83% 96.71% 96.67% 95.98% 95.89% 95.79% 95.71% 95.61% 95.19% 95.18% 94.69% 94.54% 94.50% 94.46% 94.34% 94.20% 94.10% 94.08% 94.05% 93.84% 93.70% 93.49% 93.37% 93.33% 93.25%

Appendix C2: Listing of Local Retirement Plans - By Funded Ratio

NAME OF GOVERNMENT Nicholls Retirement Plan, City of Jefferson Retirement Plan, City of Villa Rica Retirement Plan, City of Chatsworth Retirement Plan, City of Reynolds Retirement Plan, City of Doraville Retirement Plan, City of Oglethorpe Retirement Plan, City of Barnesville Retirement Plan, City of Comer Retirement Plan, City of Alpharetta Retirement Plan, City of Forsyth Retirement Plan for Employees, City of Hawkinsville Retirement Plan, City of Glennville Retirement Plan, City of Fitzgerald Retirement Plan, City of Rincon Retirement Plan, City of Washington Retirement Plan, City of Tyrone Retirement Plan, Town of Mount Vernon Retirement Plan, City of Guyton Retirement Plan, City of Camilla Retirement Plan, City of Blairsville Retirement Plan, City of Lyons Retirement Plan, City of Broxton Retirement Plan, City of Stockbridge Retirement Plan, City of Springfield Retirement Plan, City of Franklin Retirement Plan, City of Louisville Retirement Plan, City of Senoia Retirement Plan, City of Bowdon Retirement Plan, City of Richmond Hill Retirement Plan, City of Woodstock Retirement Plan, City of Nashville Retirement Plan, City of Clarkesville Retirement Plan, City of Mount Zion Retirement Plan, City of Jackson Retirement Plan, City of Cuthbert Retirement Plan, City of Buchanan Retirement Plan, City of Thomaston Retirement Plan, City of Garden City Retirement Plan, City of Calhoun Retirement Plan, City of

ADMINISTRATOR GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer 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

ACTUARIAL VALUE OF PLAN ASSETS
424,259 2,999,142 4,663,566 2,296,295
632,123 15,061,965
907,137 7,467,333
281,657 40,278,497
4,433,470 2,884,156 1,725,590 8,557,618 1,208,008 6,075,470 1,436,462
579,590 363,662 5,354,164 1,425,944 1,906,209 146,728 6,659,238 875,589 512,754 2,390,730 784,724 1,544,598 5,979,315 6,818,766 2,005,168 1,533,931 136,598 6,390,662 987,957 548,694 8,414,794 5,098,854 7,590,652

Page C2-3

ACTUARIAL ACCRUED LIABILITY 455,061 3,217,494 5,005,373 2,468,325 680,040 16,209,749 976,956 8,042,641 303,774 43,505,434 4,792,220 3,121,446 1,869,228 9,277,689 1,310,425 6,593,462 1,560,404 631,552 396,701 5,856,444 1,562,281 2,093,860 161,181 7,347,155 966,391 566,245 2,648,615 870,755 1,715,892 6,644,354 7,579,548 2,233,549 1,708,897 152,215 7,122,050 1,101,570 612,345 9,391,978 5,696,225 8,488,592

FUNDED RATIO 93.23% 93.21% 93.17% 93.03% 92.95% 92.92% 92.85% 92.85% 92.72% 92.58% 92.51% 92.40% 92.32% 92.24% 92.18% 92.14% 92.06% 91.77% 91.67% 91.42% 91.27% 91.04% 91.03% 90.64% 90.60% 90.55% 90.26% 90.12% 90.02% 89.99% 89.96% 89.77% 89.76% 89.74% 89.73% 89.69% 89.61% 89.60% 89.51% 89.42%

Appendix C2: Listing of Local Retirement Plans - By Funded Ratio

NAME OF GOVERNMENT Hampton Retirement Plan, City of Pembroke Retirement Plan, City of Gordon Retirement Plan, City of Grovetown Retirement Plan, City of Manchester Retirement Plan, City of Eatonton Retirement Plan, City of Lake Park Retirement Plan, City of Monticello Retirement Plan, City of Lincolnton Retirement Plan, City of Thomson Retirement Plan, City of Roberta Retirement Plan, City of Blue Ridge Retirement Plan, City of Blackshear Retirement Plan, City of Cochran Retirement Plan, City of White Retirement Plan, City of Summerville Retirement Plan, City of Centerville Retirement Plan, City of Trion Retirement Plan, Town of Hartwell Retirement Plan, City of Nahunta Retirement Plan, City of Bloomingdale Defined Benefit Plan, City of Hahira Retirement Plan, City of Waynesboro Retirement Plan, City of Newnan Retirement Plan, City of Roswell Retirement Plan, City of Duluth Retirement Plan, City of Bremen Retirement Plan, City of Rome Retirement Plan, City of Lenox Retirement Plan, City of Sky Valley Retirement Plan, City of Norcross Retirement Plan, City of McRae Retirement Plan, City of Peachtree City Retirement Plan, City of Quitman Retirement Plan, City of Thunderbolt Retirement Plan, City of Sandersville Retirement Plan, City of Pine Mountain Retirement Plan, Town of Brooklet Retirement Plan, City of Acworth Retirement Plan, City of Milton 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 Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS

ACTUARIAL VALUE OF PLAN ASSETS
2,469,758 1,086,289 1,323,695 2,071,841 3,404,754 3,006,550
458,346 2,288,174
526,774 6,630,940
734,502 1,096,953 1,261,466 3,070,105
263,338 8,403,814 3,748,812 4,628,099 4,657,106
340,749 1,085,467
609,723 2,704,763 14,591,352 60,908,909 4,533,046 2,651,977 63,009,440
167,299 465,725 8,126,408 2,238,002 23,517,646 3,190,349 1,258,748 5,007,855 803,429 260,891 5,834,813 2,327,615

Page C2-4

ACTUARIAL ACCRUED LIABILITY 2,764,567 1,216,369 1,485,267 2,328,417 3,831,726 3,391,450 517,208 2,583,232 594,879 7,501,329 832,450 1,245,723 1,432,697 3,492,406 299,984 9,588,647 4,290,597 5,311,219 5,349,468 391,409 1,248,322 701,224 3,113,697 16,850,975 70,344,322 5,248,874 3,080,197 73,204,543 194,481 541,565 9,478,352 2,610,653 27,474,194 3,728,853 1,474,142 5,870,160 942,337 306,208 6,851,559 2,745,402

FUNDED RATIO 89.34% 89.31% 89.12% 88.98% 88.86% 88.65% 88.62% 88.58% 88.55% 88.40% 88.23% 88.06% 88.05% 87.91% 87.78% 87.64% 87.37% 87.14% 87.06% 87.06% 86.95% 86.95% 86.87% 86.59% 86.59% 86.36% 86.10% 86.07% 86.02% 86.00% 85.74% 85.73% 85.60% 85.56% 85.39% 85.31% 85.26% 85.20% 85.16% 84.78%

Appendix C2: Listing of Local Retirement Plans - By Funded Ratio

NAME OF GOVERNMENT Donalsonville Retirement Plan, City of Sylvester Retirement Plan, City of Dublin Retirement Plan, City of Macon General Employees
Pension & Retirement System Conyers Retirement Plan, City of Mount Airy Retirement Plan, Town of Bainbridge Retirement Plan, City of Lumpkin Retirement Plan, City of Griffin Retirement Plan, City of Alamo Retirement Plan, City of Vienna Retirement Plan, City of Kingsland Retirement Plan, City of Hinesville Retirement Plan, City of Kennesaw Retirement Plan, City of Montezuma Retirement Plan, City of Jeffersonville Retirement Plan, City of Midway Retirement Plan, City of Tybee Island Retirement Plan, City of Smyrna Retirement Plan, City of Decatur Employees' Retirement System Chester Retirement Plan, City of LaGrange Retirement Plan, City of Byron Retirement Plan, City of Rossville Retirement Plan, City of Douglas Retirement Plan, City of Tallapoosa Retirement Plan, City of Vidalia Retirement Plan, City of Hapeville Retirement Plan, City of Palmetto Retirement Plan, City of Gainesville Retirement Plan, City of Fort Valley Retirement Plan, City of Pelham Retirement Plan, City of Gray Retirement Plan, City of Blakely Retirement Plan, City of Carrollton Retirement Plan, City of Reidsville Retirement Plan, City of Jesup Retirement Plan, City of Dahlonega Retirement Plan, City of Americus Retirement Plan, City of

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

ACTUARIAL VALUE OF PLAN ASSETS
2,503,793 6,005,609 18,791,690
67,470,067 10,096,349
472,853 8,847,233
608,863 51,224,861
271,681 3,272,426 7,887,719 13,750,979 10,837,324 4,207,967
334,130 391,868 5,579,895 41,827,004 31,343,758
71,387 29,579,874
6,641,516 1,241,096 29,126,030 3,217,320 5,757,145 22,254,604 2,206,216 5,381,965 3,329,507 2,958,336 *1
634,324 5,215,550 18,048,453
729,402 9,259,589 4,119,242 10,527,201

ACTUARIAL ACCRUED LIABILITY 2,957,826 7,106,398 22,269,542
80,012,170 11,988,128
562,553 10,568,295
728,128 61,316,355
325,586 3,929,172 9,494,167 16,558,781 13,075,719 5,083,488
403,711 474,702 6,769,656 50,785,945 38,208,541
87,156 36,142,505
8,131,704 1,520,621 35,847,155 3,965,958 7,102,971 27,457,533 2,729,423 6,678,899 4,135,753 3,675,520 *1
788,931 6,490,633 22,475,264
911,839 11,601,705
5,163,117 13,213,934

Page C2-5

FUNDED RATIO 84.65% 84.51% 84.38%
84.32% 84.22% 84.05% 83.71% 83.62% 83.54% 83.44% 83.29% 83.08% 83.04% 82.88% 82.78% 82.76% 82.55% 82.43% 82.36% 82.03% 81.91% 81.84% 81.67% 81.62% 81.25% 81.12% 81.05% 81.05% 80.83% 80.58% 80.51% 80.49% *1 80.40% 80.36% 80.30% 79.99% 79.81% 79.78% 79.67%

Appendix C2: Listing of Local Retirement Plans - By Funded Ratio

NAME OF GOVERNMENT Adel Retirement Plan, City of Fort Oglethorpe Retirement Plan, City of Sylvania Retirement Plan, City of Hiram Retirement Plan, City of Menlo Retirement Plan, City of Cornelia Retirement Plan, City of Bowman Retirement Plan, City of Darien Retirement Plan, City of Eastman Retirement Plan, City of Holly Springs Retirement Plan, City of Dawsonville Retirement Plan, City of Ellaville Retirement Plan, City of Woodbury Retirement Plan, City of College Park Retirement Plan, City of Dacula Retirement Plan, City of Canton Retirement Plan, City of Fayetteville Retirement Plan, City of Lookout Mountain Retirement Plan, City of Davisboro Retirement Plan, City of Wrightsville Retirement Plan, City of Rochelle Retirement Plan, City of Pooler Retirement Plan, City of Marshallville Retirement Plan, City of Dallas Retirement Plan, City of Cedartown Retirement Plan, City of Greenville Retirement Plan, City of Hiawassee Retirement Plan, City of Baxley Retirement Plan, City of Hephzibah Retirement Plan, City of Avondale Estates Retirement Plan, City of Colquitt Retirement Plan, City of Monroe Retirement Plan, City of Waycross Retirement Plan, City of Cairo Retirement Plan, City of West Point Pension Plan, City of Midville Retirement Plan, City of Atlanta Firefighters' Pension Fund Milledgeville Retirement Plan Savannah Employees Retirement Plan, City of Atlanta Police Officers' Pension Fund

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 Single-Employer Single-Employer Single-Employer

ACTUARIAL VALUE OF PLAN ASSETS
8,643,244 5,405,193 3,637,444
662,096 104,006 3,456,227 241,904 1,060,638 2,636,158 653,437 294,560 814,849 680,206 64,223,467 982,155 8,093,561 11,247,093 818,594 339,318 270,826 730,005 10,122,241 228,861 2,852,075 10,371,137 366,522 771,410 3,547,843 474,386 1,285,144 860,390 15,137,215 16,005,617 7,982,033 6,051,601
77,223 561,450,000
11,143,562 261,418,338 828,815,000

Page C2-6

ACTUARIAL ACCRUED LIABILITY 10,875,001 6,822,111 4,591,818 835,964 131,957 4,388,873 307,524 1,348,548 3,365,358 834,255 376,175 1,041,509 871,178 82,320,599 1,260,591 10,456,031 14,578,092 1,073,196 445,284 355,728 965,397 13,435,387 304,244 3,792,532 13,798,725 487,768 1,030,404 4,742,965 637,088 1,728,643 1,158,505 20,496,231 21,698,484 10,821,433 8,228,334 105,959 785,195,090 15,616,470 368,261,194 1,170,414,332

FUNDED RATIO 79.48% 79.23% 79.22% 79.20% 78.82% 78.75% 78.66% 78.65% 78.33% 78.33% 78.30% 78.24% 78.08% 78.02% 77.91% 77.41% 77.15% 76.28% 76.20% 76.13% 75.62% 75.34% 75.22% 75.20% 75.16% 75.14% 74.86% 74.80% 74.46% 74.34% 74.27% 73.85% 73.76% 73.76% 73.55% 72.88% 71.50% 71.36% 70.99% 70.81%

Appendix C2: Listing of Local Retirement Plans - By Funded Ratio

NAME OF GOVERNMENT Helena Retirement Plan, City of Albany Pension Plan, City of Buford Retirement Plan, City of Demorest Retirement Plan, City of Union City Retirement Plan, City of Abbeville Retirement Plan, City of Oxford Retirement Plan, Town of Riceboro Retirement Plan, City of Willacoochee Retirement Plan, City of Harlem Retirement Plan, City of Dalton Employees Pension Plan, City of Nicholson Retirement Plan, City of Covington Retirement Plan, City of Winder Retirement Plan, City of Gainesville Retirement Plan A, City of Claxton Retirement Plan, City of Canon Retirement Plan, City of Alma Retirement Plan, City of Royston Retirement Plan, City of Carnesville Retirement Plan, City of East Point Retirement Plan, City of Tifton Retirement Plan, City of Portal Retirement Plan, Town of Marietta General Pension Plan, City of Oakwood Retirement Plan, City of Clayton Employees' Retirement Plan McDonough Retirement Plan, City of Valdosta Retirement Plan, City of Atlanta General Employees Pension Fund -
General Employees of the City of Atlanta Brunswick Retirement Plan, City of Atlanta General Employees Pension Fund -
Employees of the Atlanta Board of Education Calhoun Retirement Plan, City of Savannah Pension Plan 2 Cleveland Retirement Plan, City of Lake City Retirement Plan, City of
Combined Cities

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

ACTUARIAL VALUE OF PLAN ASSETS
262,517 115,860,920
6,572,276 763,324
11,753,238 289,880 786,155 160,282 498,319
1,193,378 75,640,022
91,266 30,280,909 11,443,849 75,891,152
2,289,370 97,697
3,538,483 750,354 91,404
67,442,177 16,503,063
95,348 87,436,880
1,967,714 883,661
4,809,004 37,205,709
954,964,648 7,399,053
115,509,000 *2 *2 *3 *3
4,990,648,744

ACTUARIAL ACCRUED LIABILITY 373,119 165,074,003 9,423,951 1,095,538 16,870,414 418,229 1,158,009 236,307 741,667 1,778,583 114,079,626 138,643 46,051,850 17,442,159 116,926,085 3,559,462 153,831 5,577,681 1,218,384 155,695 115,671,696 28,420,844 166,268 156,757,528 3,548,939 1,630,173 8,952,953 69,823,325
1,863,532,248 15,711,960
648,514,030 656,015 *2 *3 *3
7,663,618,549

Page C2-7

FUNDED RATIO 70.36% 70.19% 69.74% 69.68% 69.67% 69.31% 67.89% 67.83% 67.19% 67.10% 66.30% 65.83% 65.75% 65.61% 64.91% 64.32% 63.51% 63.44% 61.59% 58.71% 58.30% 58.07% 57.35% 55.78% 55.45% 54.21% 53.71% 53.29%
51.24% 47.09%
17.81% *2 *2 *3 *3
65.12%

Appendix C2: Listing of Local Retirement Plans - By Funded Ratio

NAME OF GOVERNMENT
COUNTIES
Lee County Retirement Plan Effingham County Pension Plan Fayette County Pension Plan Warren County Retirement Plan Early County Department of Public Safety Jasper County Pension Plan Oglethorpe County Pension Plan Polk County Board of Commissioners
Employees' Retirement Income Plan Mitchell County Pension Plan Whitfield County Pension Plan Peach County Retirement Plan Dawson County Pension Plan Franklin County Pension Plan Appling County Pension Plan Upson County Retirement Plan Murray County Pension Plan Pulaski County Pension Plan McDuffie County Pension Plan Dougherty County Retirement Plan Laurens County Pension Plan Banks County Pension Plan Gwinnett County Pension Plan Lamar County Pension Plan Paulding County Pension Plan Thomas County Pension Plan Glynn County Board
of Commissioners Pension Plan Tift County Pension Plan Treutlen County Pension Plan Seminole County Pension Plan Habersham County Employees' Retirement Plan Jenkins County Pension Plan Grady County Pension Plan Toombs County Pension Plan Early County Pension Plan Coffee County Pension Plan Crawford County Pension Plan Walton County Pension Plan

ADMINISTRATOR

ACTUARIAL VALUE OF PLAN ASSETS

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

269,362 7,775,173 30,581,382
771,704 1,554,742 2,277,043 2,269,784

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

11,218,132 4,963,792
27,816,021 6,984,287 3,606,212 5,439,009 7,195,387 6,438,090 7,263,347 1,390,464 6,064,531
44,413,094 7,445,251 696,707
802,857,000 2,967,173
23,277,699 9,884,040

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

70,392,458 18,273,702
728,592 1,826,955 4,930,759 2,174,470 2,309,812 3,403,736 1,854,084 8,870,246 1,754,258 9,108,223
Page C2-8

ACTUARIAL ACCRUED LIABILITY
64,628 5,744,722 23,035,577
774,837 1,589,775 2,335,873 2,399,945
12,015,084 5,527,449
30,999,515 7,785,542 4,129,124 6,298,982 8,381,919 7,539,887 8,534,251 1,637,284 7,180,158
52,666,565 8,842,447 827,938
956,487,667 3,545,180
27,948,658 11,908,294
84,878,245 22,058,336
882,869 2,222,759 6,008,101 2,651,206 2,830,638 4,192,292 2,288,264 11,010,733 2,202,603 11,439,891

FUNDED RATIO
416.79% 135.34% 132.76%
99.60% 97.80% 97.48% 94.58%
93.37% 89.80% 89.73% 89.71% 87.34% 86.35% 85.84% 85.39% 85.11% 84.93% 84.46% 84.33% 84.20% 84.15% 83.94% 83.70% 83.29% 83.00%
82.93% 82.84% 82.53% 82.19% 82.07% 82.02% 81.60% 81.19% 81.03% 80.56% 79.64% 79.62%

Appendix C2: Listing of Local Retirement Plans - By Funded Ratio

NAME OF GOVERNMENT Brooks County Pension Plan Heard County Pension Plan Floyd County Pension Plan Lee County Retirement Plan Harris County Pension Plan Haralson County Pension Plan Jeff Davis County Pension Plan Crisp County Pension Plan Bryan County Pension Plan Elbert County Pension Plan Tattnall County Pension Plan Wilkinson County Pension Plan Charlton County Pension Plan Bleckley County Pension Plan Fannin County Pension Plan Ware County Pension Plan Troup County Pension Plan *4 Telfair County Pension Plan Miller County Pension Plan Rockdale County Pension Plan Putnam County Pension Plan Wilcox County Pension Plan Greene County Pension Plan Madison County Pension Plan Decatur County Pension Plan Monroe County Pension Plan McIntosh County Pension Plan Hancock County Pension Plan Jones County Pension Plan Houston County Pension Plan Washington County Pension Plan Carroll County Pension Plan Lincoln County Pension Plan Barrow County Pension Plan Fulton County Employees' Pension Plan Jackson County Pension Plan Bacon County Pension Plan Clayton County Pension Plan Evans County Board of Commissioners
Retirement Plan

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

ACTUARIAL VALUE OF PLAN ASSETS
2,556,250 2,204,962 40,673,511 2,826,011 7,318,469 4,013,853 2,932,895 10,294,573 6,600,274 11,105,646 4,245,904 3,398,953 2,781,764 1,927,241 6,722,335 2,316,012 28,491,563 1,616,708
922,677 38,431,541
8,241,002 992,139
2,994,284 4,974,862 6,397,370 15,389,493 2,443,069 3,550,551 5,910,480 53,405,279 7,459,318 2,410,014 1,965,427 15,272,018 1,173,841,252 8,953,659
860,555 340,269,292
1,487,479

Page C2-9

ACTUARIAL ACCRUED LIABILITY 3,223,056 2,783,405 51,448,163 3,589,811 9,310,964 5,157,028 3,786,254 13,367,052 8,576,737 14,442,522 5,525,538 4,428,971 3,632,580 2,520,945 8,800,847 3,049,314 37,561,359 2,145,050 1,225,228 51,126,898 10,968,218 1,321,573 4,001,615 6,654,962 8,569,223 20,639,639 3,286,372 4,777,697 7,958,025 72,288,038 10,155,350 3,285,640 2,689,797 20,907,013 1,608,975,544 12,278,627 1,184,734 469,845,321
2,063,102

FUNDED RATIO 79.31% 79.22% 79.06% 78.72% 78.60% 77.83% 77.46% 77.01% 76.96% 76.90% 76.84% 76.74% 76.58% 76.45% 76.38% 75.95% 75.85% 75.37% 75.31% 75.17% 75.14% 75.07% 74.83% 74.75% 74.66% 74.56% 74.34% 74.32% 74.27% 73.88% 73.45% 73.35% 73.07% 73.05% 72.96% 72.92% 72.64% 72.42%
72.10%

Appendix C2: Listing of Local Retirement Plans - By Funded Ratio

NAME OF GOVERNMENT Chatham County Employees Retirement Plan Bibb County Pension Plan Morgan County Pension Plan Spalding County Pension Plan Wilkes County Pension Plan Dodge County Pension Plan Forsyth County Defined Benefit Plan Burke County Pension Plan Lowndes County Pension Plan Bartow County Pension Plan Ben Hill County Pension Plan Rabun County Pension Plan Turner County Pension Plan Walker County Commissioners' & Sheriff's
Department Defined Benefit Pension Plan Clinch County Pension Plan Lumpkin County Pension Plan Colquitt County Pension Plan Marion County Pension Plan Dooly County Pension Plan Henry County Pension Plan Pickens County Pension Plan Schley County Pension Plan Oconee County Pension Plan Sumter County Pension Plan DeKalb County Pension Plan Baldwin County Board of Commissioners
Defined Benefit Plan Coweta County Pension Plan Butts County Pension Plan Douglas County Retirement Plan Liberty County, Retirement Plan of Cherokee County Pension Plan Newton County Pension Plan Cobb County Board of
Commissioners Retirement Income Plan Hall County Pension Plan Douglas County Employee Defined Benefit Plan
Combined Counties

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

ACTUARIAL VALUE OF PLAN ASSETS
168,226,797 101,961,308
6,329,015 17,000,117
1,717,324 824,809
12,310,804 13,777,398 25,996,693 42,734,944
3,431,156 4,378,176 2,778,870
6,381,844 639,049 1,828,102 10,431,326 546,788 1,101,039 87,417,096 3,688,493 179,235 10,195,073 1,580,456 1,205,884,641
12,625,691 46,212,997
5,457,236 29,387,087 13,886,519 46,028,130
3,396,095
466,937,665 16,059,979 *2
5,360,577,358

Page C2-10

ACTUARIAL ACCRUED LIABILITY 234,174,589 143,964,221 8,958,333 24,093,395 2,436,199 1,170,491 17,536,395 19,661,882 37,170,867 61,712,029 4,961,792 6,333,968 4,030,798
9,324,526 938,725 2,708,829 15,677,346 824,082 1,666,126 133,436,603 5,705,153 279,372 15,955,259 2,484,389 1,903,789,834
20,039,458 74,742,029
9,025,230 48,658,318 23,345,404 79,594,904
6,075,281
873,883,393 48,076,577
149,087
7,701,004,334

FUNDED RATIO 71.84% 70.82% 70.65% 70.56% 70.49% 70.47% 70.20% 70.07% 69.94% 69.25% 69.15% 69.12% 68.94%
68.44% 68.08% 67.49% 66.54% 66.35% 66.08% 65.51% 64.65% 64.16% 63.90% 63.62% 63.34%
63.00% 61.83% 60.47% 60.39% 59.48% 57.83% 55.90%
53.43% 33.40% *2
69.61%

Appendix C2: Listing of Local Retirement Plans - By Funded Ratio

NAME OF GOVERNMENT
CONSOLIDATED GOVERNMENTS
Augusta Richmond County Planning Commission Retirement Plan
Athens-Clarke County Employees' Pension 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 Augusta Richmond County Retirement Plan Augusta General Retirement Plan 1949 Richmond County Employee Pension Fund (1945) Augusta City Employees Pension Plan Augusta Firemen's Pension Fund Augusta Policemen's Pension Fund
Combined Consolidated Governments
REGIONAL COMMISSIONS
Northeast Georgia RC Retirement Plan Heart of Georgia - Altamaha RC Retirement Plan Northwest Georgia RC Retirement Plan Georgia Mountains RC Retirement Plan Middle Georgia RC Retirement Plan Atlanta Regional Commission Retirement Plan Coastal RC Retirement Plan Southern Georgia RC Retirement Plan Southwest Georgia RC Retirement Plan
Combined Regional Commissions
LOCAL BOARDS OF EDUCATION *5
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

ADMINISTRATOR

ACTUARIAL VALUE OF PLAN ASSETS

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

3,157,740 179,407,932
134,101,979
165,454,093 145,226
99,509,643 64,261,414
6,423,808 *2 *2 *2
652,461,835
3,565,933 3,189,378 6,673,479 5,271,913 6,628,787 31,707,498 1,554,899 8,751,102 1,421,122
68,764,111
1,391,664,548 278,691,000 2,799,658
1,673,155,206

Page C2-11

ACTUARIAL ACCRUED LIABILITY
2,866,106 201,326,401
151,705,610
189,420,647 169,602
119,742,080 82,674,584 8,756,203 *2 *2 *2
756,661,233
3,739,417 3,355,878 7,046,586 5,668,466 7,294,318 34,996,804 1,797,268 11,025,808 2,038,394
76,962,939
1,411,084,633 466,958,000 5,173,490
1,883,216,123

FUNDED RATIO
110.18% 89.11%
88.40%
87.35% 85.63% 83.10% 77.73% 73.36% *2 *2 *2
86.23%
95.36% 95.04% 94.71% 93.00% 90.88% 90.60% 86.51% 79.37% 69.72%
89.35%
98.62% 59.68% 54.12%
88.85%

Appendix C2: Listing of Local Retirement Plans - By Funded Ratio

NAME OF GOVERNMENT LOCAL AUTHORITIES
Vidalia Housing Authority, City of Rome-Floyd County Recreation Authority Eatonton-Putnam County Water and Sewer Authority LaGrange Housing Authority Villa Rica Housing Authority, City of Douglasville-Douglas County
Water and Sewage Authority Metro Atlanta Rapid Transit Authority
Union Employees Retirement Plan Jasper County Joint 911 Authority Vienna Housing Authority, City of Newnan Water and Light Commission Atlanta Housing Authority, City of Columbus Medical Center Hospital Authority Cobb County-Marietta Water Authority Liberty Consolidated Planning Commission Carroll County Water Authority Fort Valley Utilities Commission Valdosta/Lowndes County Hospital Authority Towns County Water & Sewer Authority Dublin-Laurens County Recreation Authority Northeast Georgia Housing Authority LaGrange-Troup County Hospital Authority Chatsworth Water Commission Haralson County Water Authority Flint Area Consolidated Housing Authority Fulton-DeKalb Hospital Authority Polk County Water Authority Jonesboro Housing Authority Heard County Water Authority Metro Atlanta Rapid Transit Authority
Non-Represented Pension Plan Austell Gas System Retirement Plan Henry County Water and Sewerage Authority Conyers Housing Authority, City of Valdosta/Lowndes County Parks & Recreation Authority Cherokee County Water and Sewerage Authority Macon Water Authority

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

ACTUARIAL VALUE OF PLAN ASSETS
246,071 3,836,016
604,209 953,425 548,032
25,411,864
484,806,444 297,845 136,135
30,313,663 39,085,575 20,269,600 24,579,374
414,636 2,770,333 6,199,470 71,589,643
249,260 928,096 3,514,311 51,738,922 1,984,504 634,860 1,062,627 206,282,219 *6 1,002,781 2,403,687 380,549
348,205,133 10,854,506 21,959,738 662,452 961,416 11,970,470 23,193,892

Page C2-12

ACTUARIAL ACCRUED LIABILITY
118,348 2,727,388
481,235 780,215 497,412
24,242,834
474,549,259 303,582 139,332
31,404,053 41,503,745 21,608,000 26,277,061
443,885 3,005,304 6,803,396 79,053,488
276,697 1,033,796 3,950,654 58,481,089 2,342,276
753,472 1,285,683 253,615,242 *6 1,262,272 3,034,735
480,803
445,249,195 14,070,473 28,481,338 875,281 1,283,019 16,243,810 31,857,907

FUNDED RATIO
207.92% 140.65% 125.55% 122.20% 110.18%
104.82%
102.16% 98.11% 97.71% 96.53% 94.17% 93.81% 93.54% 93.41% 92.18% 91.12% 90.56% 90.08% 89.78% 88.96% 88.47% 84.73% 84.26% 82.65% 81.34% *6 79.44% 79.21% 79.15%
78.20% 77.14% 77.10% 75.68% 74.93% 73.69% 72.80%

Appendix C2: Listing of Local Retirement Plans - By Funded Ratio

NAME OF GOVERNMENT Ellijay-Gilmer County Water & Sewer Authority Lavonia Housing Authority Unadilla Housing Authority Fitzgerald Water, Light, and Bond Commission Mount Vernon Housing Authority Floyd County Hospital Authority Walker County Water and Sewage Authority Brunswick - Glynn County Joint
Water & Sewer Commission Middle Flint Regional E-911 Authority Washington County Memorial Hospital Macon-Bibb County Transit Authority Housing Authority of the City of Clayton Covington Housing Authority *7
Combined Local Authorities
Combined Totals

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

ACTUARIAL VALUE OF PLAN ASSETS
968,706 413,263 333,930 4,213,222
79,594 21,144,574
929,515

ACTUARIAL ACCRUED LIABILITY 1,335,340 592,384 480,310 6,515,881 123,742 32,880,619 1,465,786

2,070,511 14,113
1,354,760 *1 4,935,306
144,984 49,649

3,334,701 22,901
2,593,587 *1 9,585,361
289,483 307,089

1,436,703,885

1,638,043,463

$14,182,311,139

$19,719,506,641

FUNDED RATIO 72.54% 69.76% 69.52% 64.66% 64.32% 64.31% 63.41%
62.09% 61.63% 52.23% *1 51.49% 50.08% 16.17%
87.71%
71.92%

*1 - Government is not in compliance with funding requirements of O.C.G.A. 47-1-3. *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 - Plan was created in 2013 or 2014. No information on actuarial value of plan assets or actuarial accrued liabiltiy was available. *4 - Plan was transferred from ACCG administered plan to a single employer defined benefit plan in 2013. *5 - Since the City of Atlanta General Employees Pension Fund includes certain employees of the Atlanta Board of Education, information is provided with the City of Atlanta. *6 - Government has not submitted all information required and is not in compliance with O.C.G.A. 47-1-3. *7 - Plan was created in 2013.

Page C2-13

APPENDIX D
HISTORICAL TREND DATA OF FUNDED RATIO

Appendix D: Historical Trend Data of Funded Ratio

NAME OF GOVERNMENT

ADMINISTRATOR

FUNDED RATIO FROM APPENDIX C

2013 BIENNIAL RETIREMENT
REPORT FUNDED RATIO

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 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 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

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

69.31% 85.16% 96.83% 79.48% 83.44% 70.19% 63.44% 92.58% 79.67% 125.99% 95.18% 71.50%
51.24% 17.81% 70.81% 102.40% 93.49% 98.41% 74.34% 83.71% 92.85% 74.80% 99.48% 88.05% 91.27%
182.75% 80.36% 86.95% 88.06% 90.02% 78.66% 86.10% 85.20% 91.03% 47.09% 89.61%
129.45% 69.74%

62.36% 87.62% 93.32% 68.36% 85.25% 71.37% 73.82% 90.81% 70.24% 127.70% 98.90% 60.47%
53.70% 17.13% 59.76% 95.25% 87.14% 94.18% 71.53% 83.39% 89.56% 67.78% 74.96% 84.16% 86.71%
211.21% 79.65% 90.22% 78.38% 91.56% 77.65% 81.88% 68.46%
101.43% 45.70% 91.53%
122.38% 68.33%

Page D-1

2011 BIENNIAL RETIREMENT
REPORT FUNDED RATIO

2009 BIENNIAL RETIREMENT
REPORT FUNDED RATIO

59.88% 85.53% 88.73% 79.34% -73.46% 66.88% 79.13% 74.63% 69.60% 139.62% 107.33% 57.61%
59.46% 17.42% 57.97% 89.89% 80.11% 90.80% 75.05% 88.53% 93.32% 63.57% 66.20% 81.34% 79.51%
235.59% 84.87% 82.82% 70.05% 96.21% 69.25% 71.51% 63.77% 88.11% 42.31% 88.55%
118.61% 64.91%

57.73% 98.99% 86.38% Not Applicable 52.92% 74.98% 92.27% 75.48% 96.61% 126.70% 114.49% 64.21%
52.17% 20.68% 65.59% 75.07% 90.15% 86.85% 79.57% 90.30% 85.01% 74.48% 100.48% 88.04% 80.73%
218.03% 107.52%
98.22% 64.80% 92.52% 69.87% 85.07% 73.19% 78.80% 38.76% 85.19% 106.79% 97.31%

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, City of 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 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 Single-Employer 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
100.27% 81.67% 73.76% 89.42% *1 91.42% 63.51% 77.41% 58.71% 80.30%
103.90% 95.71% 75.16% 87.37% 98.59% 93.03% 81.91% 94.10% 89.76% 94.20% 64.32% 54.21% *2 87.91% 78.02% 74.27% 92.72% 98.15% 84.22% 95.89% 78.75% 65.75% 94.69% 89.69% 77.91% 79.78% 75.20% 66.30%
107.71% 78.65% 76.20% 93.84% 78.30%

2013 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
94.78% 90.10% 72.85% 80.97% *1 89.49% 62.22% 72.44% 52.76% 75.24% 70.11% 100.87% 75.01% 80.79% 98.33% 87.98% 82.39% 97.79% 82.55% 108.98% 61.09% 53.29% Not Applicable 72.57% 77.88% 62.04% 90.87% 97.16% 74.13% 94.76% 82.58% 74.87% 89.78% 85.66% 71.79% 71.27% 76.25% 64.63% 95.42% 78.03% 81.05% 90.55% 70.95%

Page D-2

2011 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
85.36% 86.51% 69.16% 71.99% *1 95.45% 41.99% 68.01% 47.89% 70.63% 80.78% 97.75% 71.82% 75.92% 94.35% 81.49% 114.63% 101.30% 79.99% 107.33% 55.34% 41.39% Not Applicable 58.14% 79.02% 61.67% 87.48% 98.08% 71.84% 95.00% 80.94% 66.01% 83.29% 76.52% 67.69% 65.93% 73.29% 61.66% 74.13% 89.90% 58.89% 94.89% 54.38%

2009 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
100.30% 96.12% 84.48% 67.21% *1
103.10% 21.81% -63.35% 44.78% 87.49% 84.21% 96.14% 76.57% 74.63% 94.88% 86.86% 87.31%
104.24% 93.23%
108.44% 73.40% 54.65%
Not Applicable 70.97% 81.50% 86.00% 86.87% 94.86% 87.98% 96.65%
110.85% 86.52% 77.19% 74.77% 66.16% 72.47% 79.85% 79.41% 59.04% 93.84% 65.30% --
117.39% 35.90%

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 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 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

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

FUNDED RATIO FROM APPENDIX C
82.03% 69.68% 97.37% 84.65% 92.92% 81.25% 99.59% 84.38% 86.36% 104.12% 58.30% 78.33% 88.65% 108.63% 78.24% 102.75% 97.98% 156.03% 96.67% 77.15% 92.24% 92.51% 79.23% 80.51% 90.55% 80.58% 64.91% 89.51% 145.26% 92.32% 89.12% 80.40% 106.16% 75.14% 83.54% 88.98% 91.67% 103.29% 86.95% 89.34% 81.05% 67.10% 87.06%

2013 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
76.62% 58.50% 91.04% 72.04% 86.26% 85.04% 103.08% 83.88% 81.79% 95.82% 48.36% 74.45% 81.12% 111.67% 80.31% 100.12% 96.36% 160.29% 96.70% 91.77% 85.57% 92.04% 76.11% 79.24% 84.03% 75.00% 61.53% 83.63% 155.47% 95.14% 88.50% 83.79% 109.57% 93.66% 82.11% 87.62% 90.38% 106.40% 85.55% 86.12% 78.55% 56.03% 83.92%

Page D-3

2011 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
78.51% 41.11% 91.08% 72.68% 86.95% 84.07% 104.13% 85.46% 71.86% 77.69% 47.87% 72.50% 88.79% 117.40% 91.25% 103.23% 84.71% 186.68% 89.42% 82.06% 78.15% 92.09% 84.14% 85.03% 82.97% 71.61% 60.61% 78.08% 70.66% 94.89% 92.92% 75.52% 104.37% 94.91% 83.28% 84.13% 73.47% 80.13% 83.55% 81.90% 80.00% 65.42% 84.29%

2009 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
85.91% 22.07% -85.06% 91.82% 94.47% 76.97% 93.46% 90.63% 69.75% 64.02% 53.46% 88.37% 102.25% 110.76% 96.02% 103.57% 81.72% 111.81% 112.86% 83.83% 76.77% -103.47% 86.94% 94.04% 93.17% 69.92% 61.70% 88.53% 53.63% 103.28% 96.57% 66.53% 106.56% 94.61% 88.90% 86.06% 75.21% 96.41% 94.67% 87.29% 99.01% 78.47% 87.46%

Appendix D: Historical Trend Data of Funded Ratio

NAME OF GOVERNMENT Hawkinsville Retirement Plan, City of Hazlehurst Retirement Plan, City of Helena 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 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 Lumpkin Retirement Plan, City of Lyons Retirement Plan, City of Macon Fire & Police Retirement System Macon General Employees
Pension & Retirement System 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

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

FUNDED RATIO FROM APPENDIX C
92.40% 121.47%
70.36% 74.46% 74.86% 83.04% 79.20% 104.74% 78.33% 89.73% 99.47% 93.21% 82.76% 79.81% 100.19% 82.88% 83.08% 93.37% 81.84% *2 88.62% 102.91% 101.00% 86.02% 88.55% 174.95% 95.61% 94.34% 76.28% 90.26% 83.62% 91.04% 97.33%
84.32% 100.51%
88.86% 55.78% 75.22% 53.71% 85.73% 78.82% 72.88%

2013 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
88.56% 111.47%
67.51% 71.48% 64.64% 80.35% 84.64% 97.61% 73.55% 94.31% 88.02% 93.94% 87.34% 79.68% 98.34% 79.52% 78.73% 84.11% 82.13% Not Applicable 84.62% 95.54% 83.95% 69.16% 85.62% 173.19% 83.03% 90.31% 78.95% 84.73% 86.30% 83.52% 99.54%
89.82% 97.50% 88.40% 55.15% 68.59% 44.39% 90.80% 78.25% 74.22%

Page D-4

2011 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
88.80% 105.22%
69.64% 73.07% 54.78% 79.20% 88.72% 106.56% 71.10% 96.75% 88.37% 91.41% 85.51% 76.33% 89.34% 79.97% 72.28% 83.74% 83.55% Not Applicable 68.82% 94.65% 79.60% 62.25% 84.37% 209.47% 82.70% 53.38% 87.52% 80.24% 88.33% 73.47% 98.01%
93.89% 97.28% 86.87% 53.06% 66.05% 40.71% 92.96% 76.96% 73.78%

2009 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
96.63% 110.00%
65.74% 74.93% 55.90% 93.50% 90.47% 109.35% 61.01% 100.52% 89.69% 93.34% 81.42% 90.49% 104.32% 79.42% 89.84% 99.78% 88.61% Not Applicable 76.93% 97.10% 81.07% 64.51% 93.86% 155.19% 77.08% 58.22% 113.96% 103.90% 93.91% 87.39% 113.68%
112.59% 90.51% 97.75% 57.67% 82.99% 61.66%
100.53% 67.13% 33.14%

Appendix D: Historical Trend Data of Funded Ratio

2013 BIENNIAL

2011 BIENNIAL

2009 BIENNIAL

RETIREMENT

RETIREMENT

RETIREMENT

FUNDED RATIO

REPORT

REPORT

REPORT

NAME OF GOVERNMENT

ADMINISTRATOR

FROM APPENDIX C

FUNDED RATIO

FUNDED RATIO

FUNDED RATIO

Midway Retirement Plan, City of Milledgeville Retirement Plan 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

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

82.55% 71.36% 99.46% 84.78% 73.85% 82.78% 88.58% 93.25% 98.71% 84.05% 91.77% 89.74% 87.06% 89.77% 86.59% 93.23% 65.83% 85.74% 55.45% 94.46% 92.85% 67.89% 80.83% 104.93% 85.60% 80.49% *3

81.23% 59.20% 103.81% 79.66% 70.20% 85.13% 87.39% 92.92% 100.27% 82.77% 108.05% 90.21% 76.98% 96.50% 81.43% 69.14% 52.54% 79.29% 50.60% 96.66% 88.67% 69.07% 71.03% 103.57% 77.79% 82.50% *3

75.00% 52.61% 110.46% 80.62% 69.23% 87.92% 86.72% 97.35% 103.28% 81.35% 98.30% 123.93% 64.87% 104.11% 77.96% 52.85% 60.71% 78.46% 54.72% 108.74% 84.40% 76.59% 63.52% 105.01% 76.22% 96.46% *3

59.90% 62.37% 116.14% 79.72% -67.56% 80.05% 105.54% 103.49% 133.27% 91.02% 101.54% 138.41% 70.49% 113.64% 75.84% 44.13% 37.49% 86.43% 66.15% 123.12% 88.50% 73.24% 69.02% 135.82% 78.38% 94.66%

Pembroke Retirement Plan, City of 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 Roberta Retirement Plan, City of Rochelle Retirement Plan, City of Rockmart Retirement Plan, City of

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

89.31% 94.50% 85.26% 75.34% 115.56% 57.35% 96.71% 85.56% 79.99% 95.98% 92.95% 67.83% 89.99% 92.18% 88.23% 75.62% 93.33%

86.10% 95.36% 87.87% 70.44% 111.73% 51.02% 81.34% 87.38% 77.52% 101.45% 95.04% 71.15% 89.81% 98.24% 84.25% 73.70% 91.36%

93.82% 95.78% 87.47% 64.08% 118.62% 46.63% 66.95% 87.23% 82.29% 96.99% 114.88% 68.24% 88.24% 107.01% 87.54% 66.26% 92.40%

114.46% 94.92% 88.80% 63.30% 95.16% 50.31% 61.23% 90.84% 97.95%
101.75% 124.25%
67.09% 84.30% 88.06% 86.69% 65.72% 98.23%

Page D-5

Appendix D: Historical Trend Data of Funded Ratio

NAME OF GOVERNMENT 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 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

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

FUNDED RATIO FROM APPENDIX C
86.07% 81.62% 86.59% 61.59% 85.31% 70.99% *1 90.12% 86.00% 121.10% 82.36% 189.63% 104.36% 98.92% 90.60% 94.08% 116.29% 90.64% 110.80% 87.64% 164.11% 113.68% 79.22% 84.51% 81.12% 93.70% 118.31% 89.60% 94.54% 88.40% 85.39% 58.07% 100.38% 87.14% 82.43% 92.06% 69.67% 97.84% 53.29% 81.05% 83.29% 93.17% 99.81%

2013 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
85.72% 79.24% 83.06% 47.82% 80.15% 72.81% *1 90.25% 83.49% 69.67% 77.70% 156.06% 98.17% 106.52% 83.19% 97.35% 112.90% 84.28% 101.59% 86.93% 162.14% 120.07% 74.03% 80.57% 75.47% 80.55% 123.73% 90.58% 70.24% 88.00% 83.12% 59.83% 99.26% 81.65% 76.16% 87.77% 61.94% 94.65% 55.50% 81.69% 82.00% 90.49% 97.07%

Page D-6

2011 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
85.80% 90.83% 83.31% 29.28% 74.21% 80.17% *1 84.12% 82.15% 62.29% 76.61% 150.69% 97.19% 112.36% 78.32% 95.06% 104.44% 81.32% 104.24% 80.17% 167.69% 126.98% 71.31% 86.46% 72.83% 85.21% 107.51% 96.46% 71.01% 87.73% 85.80% 52.01% 97.34% 81.46% 73.88% 82.50% 65.33% 93.97% 58.60% 83.09% 75.51% 83.83% 92.63%

2009 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
85.32% 94.69% 86.84%
8.37% -82.72% 86.55% *1 93.45% 79.63% 61.00% 83.32% 192.70% 87.63% 115.60% 96.43% 111.67% 93.86% 80.35% 100.33% 78.10% 129.76% -109.01% 69.75% 91.20% 68.53% 82.36% 123.55% 102.12% 68.60% -90.51% 112.66% 48.39% -94.83% 98.89% 76.41% 76.56% 66.51% 102.03% 77.12% 105.71% 84.12% 82.98% 99.24%

Appendix D: Historical Trend Data of Funded Ratio

NAME OF GOVERNMENT 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 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

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

FUNDED RATIO FROM APPENDIX C
144.25% 94.05% 98.38% 95.79%
155.20% 92.14% 73.76% 86.87% 73.55% 99.76% 87.78% 95.19% 67.19% 65.61%
119.40% 78.08% 89.96% 98.23% 76.13%

2013 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
175.03% 96.20% 97.15% 96.14%
149.37% 87.81% 70.20% 93.01% 74.71%
109.51% 90.15% 93.54% 65.84% 59.26%
121.21% 66.62% 84.62% 99.40% 68.28%

COUNTIES
Appling County Pension Plan Bacon County Pension Plan Baldwin County Board of Commissioners
Defined Benefit Plan Banks County Pension Plan Barrow County Pension Plan Bartow County Pension Plan Ben Hill County Pension Plan Bibb 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

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

85.84% 72.64%
63.00% 84.15% 73.05% 69.25% 69.15% 70.82% 76.45% 79.31% 76.96% 70.07% 60.47% 73.35% 76.58% 71.84% 57.83% 72.42% 68.08%
Page D-7

85.68% 75.56%
63.10% 86.32% 69.95% 70.27% 71.49% 73.01% 74.63% 82.91% 75.55% 70.21% 54.61% 82.25% 73.38% 69.83% 67.53% 72.35% 69.13%

2011 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
142.39% 86.49% 98.88%
100.08% 148.75%
99.33% 70.65% 103.59% 70.54% 82.92% 97.83% 93.53% 57.47% 55.95% 114.00% 58.34% 86.36% 103.72% 60.09%
85.68% 79.04%
66.86% 91.03% 71.45% 69.01% 73.14% 73.91% 77.08% 80.77% 73.29% 69.80% 72.49% 88.15% 75.63% 70.07% 62.82% 71.73% 70.11%

2009 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
182.60% 76.69%
106.83% 91.21%
165.51% 106.57%
90.28% 101.78%
75.16% 82.26% 75.49% 107.09% 57.39% 69.45% 109.36% 63.15% 90.36% 103.01% 55.49%
91.76% 84.36%
73.13% -101.03%
68.38% 70.06% 79.57% 73.70% 80.90% 87.91% 72.69% 74.54% 79.02% 95.09% 77.78% 72.31% 57.76% 72.96% 74.49%

Appendix D: Historical Trend Data of Funded Ratio

NAME OF GOVERNMENT 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 Retirement Plan Douglas County Retirement Plan Douglas County Employee Defined Benefit Plan Early County Pension Plan Early County Department of Public Safety Effingham County Pension Plan Elbert County Pension Plan Evans County Board of Commissioners
Retirement 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 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

ADMINISTRATOR

FUNDED RATIO FROM APPENDIX C

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

53.43% 80.56% 66.54% 61.83% 79.64% 77.01% 87.34% 74.66% 63.34% 70.47% 66.08% 84.33% 60.39% *1 81.03% 97.80% 135.34% 76.90%

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

72.10% 76.38% 132.76% 79.06% 70.20% 86.35% 72.96%

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

82.93% 81.60% 74.83% 83.94% 82.07% 33.40% 74.32% 77.83% 78.60% 79.22% 65.51% 73.88% 72.92% 97.48% 77.46%

2013 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
53.99% 78.83% 67.87% 59.95% 78.55% 75.44% 80.83% 72.25% 66.14% 84.56% 56.24% -83.25% 60.09% *1 81.46% 96.19% 110.69% 78.26%
72.13% 76.28% 103.40% -78.55% 57.42% 75.35% 68.86%
76.74% 80.93% 75.59% 76.83% 80.05% 40.41% 68.43% 75.98% 76.00% 79.37% 63.14% 69.59% 65.09% 93.09% 77.64%

Page D-8

2011 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
55.01% 77.24% 69.63% 55.97% 82.00% 68.68% 75.04% 67.36% 72.10% 83.06% Not Applicable 80.97% 65.87% *1 73.57% 90.71% 91.71% 75.08%
79.90% 67.82% Not Applicable 80.78% 44.10% 69.26% 77.79%
79.95% 78.79% 69.76% 70.16% 77.19% 50.78% 64.68% 73.39% 76.65% 75.61% 64.24% 76.68% 69.82% 80.01% 73.17%

2009 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
60.08% 80.17% 72.58% 50.37% -95.20% 78.20% 85.40% 65.54% 84.71% 93.26% Not Applicable 89.50% 74.53% -*1 78.78% 88.24% 60.42% 79.18%
88.10% 64.30% Not Applicable 84.62% 49.00% 47.84% 86.26%
86.47% 81.04% 68.03% 79.20% 89.32% 57.52% 64.26% 77.73% 82.96% 84.76% 61.72% 73.65% 70.58% 71.81% 71.29%

Appendix D: Historical Trend Data of Funded Ratio

NAME OF GOVERNMENT Jenkins County Pension Plan Jones County Pension Plan Lamar County Pension Plan Laurens County Pension Plan Lee County Retirement Plan Lee County Retirement Plan Liberty County, Retirement Plan of Lincoln County Pension Plan 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 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 *4 Turner County Pension Plan

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

FUNDED RATIO FROM APPENDIX C
82.02% 74.27% 83.70% 84.20% 78.72% 416.79% 59.48% 73.07% 69.94% 67.49% 74.75% 66.35% 84.46% 74.34% 75.31% 89.80% 74.56% 70.65% 85.11% 55.90% 63.90% 94.58% 83.29% 89.71% 64.65%

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

93.37% 84.93% 75.14% 69.12% 75.17% 64.16% 82.19% 70.56% 63.62% 76.84% 75.37% 83.00% 82.84% 81.19% 82.53% 75.85% 68.94%

2013 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
85.13% 71.70% 83.72% 84.08% 57.68% 308.36% 59.02% 68.92% 67.75% 62.24% 74.35% 65.70% 78.52% 75.72% 76.59% 93.51% 74.10% 69.95% 83.39% 68.41% 57.37% 98.66% 77.98% 89.66% 59.63%
91.58% 85.58% 74.75% 56.19% 72.36% 56.38% 79.53% 73.79% 56.30% 75.19% 78.76% 78.13% 78.01% 84.11% 80.96% 81.72% 60.24%

Page D-9

2011 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
82.81% 73.49% 87.87% 84.71% 19.52% -251.70% 62.00% 71.78% 73.56% 59.38% 69.92% 62.38% 76.78% 81.19% 77.39% 85.14% 73.34% 71.15% 81.39% 79.98% 69.89% 86.71% 73.74% 89.49% 63.55%
87.29% 70.56% 78.48% 48.74% 67.39% 51.00% 86.37% 76.76% 45.56% 71.06% 73.84% 74.33% 78.10% 81.06% 77.72% 85.34% 59.84%

2009 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
88.75% 75.33% 92.69% 91.45% Not Applicable 118.08% 77.56% 61.16% 78.08% 52.35% 63.37% 56.84% 80.43% 91.06% 82.71% 88.45% 82.65% 73.63% 82.14% 96.51% 65.80% 58.24% 74.55% 94.33% -58.27%
90.16% 70.46% 82.19% 38.29% 61.81% 39.66% 90.87% 80.10% 42.47% 71.10% 83.02% 76.65% 80.63% 86.61% 76.95% 94.57% 58.25%

Appendix D: Historical Trend Data of Funded Ratio

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

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

FUNDED RATIO FROM APPENDIX C
85.39%
68.44% 79.62% 75.95% 99.60% 73.45% 89.73% 75.07% 70.49% 76.74%

2013 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
86.42%
86.02% 68.38% 89.96% 115.41% 73.29% 97.66% 71.14% 61.79% 79.34%

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 Richmond County Employee Pension Fund (1945)

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

89.11% *1 *1 77.73% *1 83.10%
110.18%
88.40%
87.35% 85.63% 73.36%

89.97% *1 *1 77.51% *1 77.09%
109.84%
84.30%
83.43% 81.44% 76.10%

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 GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer

90.60% 86.51% 93.00% 95.04% 90.88% 95.36% 94.71% 79.37% 69.72%

81.41% 89.32% 100.93% 79.93% 88.83% 88.79% 93.38% 77.50% 57.84%

Page D-10

2011 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
79.34%
94.60% 54.27% 103.38% 72.79% 71.67% 96.43% 70.96% 55.03% 79.35%

2009 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
79.19%
91.39% 44.70% 102.06% 77.44% 70.25% 102.31% 67.09% 54.04% 76.30%

87.07% *1 *1 86.09% *1 72.68%
112.79%
82.37%
81.87% 69.42% 69.15%

84.81% *1 *1 106.34% *1 86.72%
115.53%
78.67%
78.45% 63.02% -88.78%

64.66% 91.51% 101.83% 75.47% 87.57% 81.92% 92.70% 74.65% -64.24%

91.95% 93.97% -93.93% 94.34% 88.38% 71.96% 104.62% Not Applicable 72.01% --

Appendix D: Historical Trend Data of Funded Ratio

NAME OF GOVERNMENT

ADMINISTRATOR

LOCAL BOARDS OF EDUCATION *5

Fulton County School Employees' Pension Fund Gwinnett County Board of Education Retirement System Polk County Board of Education Retirement System

Single-Employer Single-Employer Single-Employer

FUNDED RATIO FROM APPENDIX C
59.68% 98.62% 54.12%

2013 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
50.50% 98.05% 50.68%

LOCAL AUTHORITIES
Atlanta Housing Authority, City of Austell Gas System Retirement Plan Brunswick - Glynn County Joint
Water & Sewer Commission Carroll County Water Authority Chatsworth Water Commission Cherokee County Water and Sewerage Authority Cobb County-Marietta Water Authority Columbus Medical Center Hospital Authority Conyers Housing Authority, City of Covington Housing Authority *7 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 Floyd County Hospital Authority Fort Valley Utilities Commission Fulton-DeKalb Hospital Authority Haralson County Water Authority Heard County Water Authority Henry County Water and Sewerage Authority Housing Authority of the City of Clayton Jasper County Joint 911 Authority Jonesboro Housing Authority LaGrange Housing Authority LaGrange-Troup County Hospital Authority Lavonia Housing Authority Liberty Consolidated Planning Commission Macon Water Authority Macon-Bibb County Transit Authority

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

94.17% 77.14%

102.65% 77.38%

62.09% 92.18% 84.73% 73.69% 93.54% 93.81% 75.68% 16.17% --

51.77% 89.50% 86.68% 69.56% 88.07% 93.77% 70.82% Not Applicable

104.82% 89.78%
125.55% 72.54% 64.66% 82.65% 64.31% 91.12% 81.34% *8 84.26% 79.15% 77.10% 50.08% 98.11% 79.21%
122.20% 88.47% 69.76% 93.41% 72.80% 51.49%
Page D-11

101.33% 70.31%
140.23% -73.17% 61.45% 83.72% 55.21% 86.72% 78.39% 80.70% 91.43% 67.51% 44.40% 97.51% 78.58%
131.63% 85.94% 75.94% 88.55% 66.86% 61.10%

2011 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
48.75% 103.43%
42.42%
106.98% 64.75% --
38.26% -83.47% -80.41% 59.29% 90.28% 74.82% 66.80% Not Applicable
97.63% 65.71% Not Applicable 88.30% 82.63% 79.81% 46.11% 90.68% 80.28% 75.25% 95.98% 59.52% 38.96% 86.95% 75.54% 132.68% 67.85% -81.35% 97.95% -72.16% 58.66%

2009 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
45.97% 102.54%
29.81%
109.77% *6
Not Applicable *6 87.37% 48.26% 94.77% -87.43% 89.61%
Not Applicable
84.09% 82.33% Not Applicable 107.22% 91.69% -74.87% 63.64% 94.71% 89.24% -75.11% 106.07% 43.65% 19.66% -80.53% 77.08% 125.44% Not Applicable 83.04% Not Applicable 82.77% 73.68% --

Appendix D: Historical Trend Data of Funded Ratio

NAME OF GOVERNMENT Metro Atlanta Rapid Transit Authority
Non-Represented Pension Plan Metro Atlanta Rapid Transit Authority
Union Employees Retirement Plan Middle Flint Regional E-911 Authority Mount Vernon Housing Authority Newnan Water and Light Commission Northeast Georgia Housing Authority Polk County Water Authority Rome-Floyd County Recreation Authority Towns County Water & Sewer Authority Unadilla Housing Authority Valdosta/Lowndes County Hospital Authority Valdosta/Lowndes County Parks & Recreation Authority Vidalia Housing Authority, City of Vienna Housing Authority, City of Villa Rica Housing Authority, City of Walker County Water and Sewage Authority Washington County Memorial Hospital

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

FUNDED RATIO FROM APPENDIX C
78.20%
102.16% 61.63% 64.32% 96.53% 88.96% 79.44%
140.65% 90.08% 10.28% 90.56% 74.93%
207.92% 97.71%
110.18% 63.41% 52.23% *3

2013 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
61.84%
98.45% 50.84% 63.36% 96.55% 88.34% 74.20% 140.53% 82.70% 10.28% 95.29% 66.78% -234.61% 88.01% 68.99% 96.06% 57.09% *3

2011 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
62.36%
99.36% 31.17% -66.11% 95.86% 97.54% 72.33% 140.66% 76.63% 10.28% 97.77% Not Applicable 103.35% 78.27% 63.70% 96.00% 51.39% *3

2009 BIENNIAL RETIREMENT
REPORT FUNDED RATIO

68.54%

111.17%

Not Applicable

85.49%

97.06%

99.84%

103.94% --

133.58%

81.83%

10.28%

76.12%

Not Applicable

84.75%

85.16%

58.17%

91.33%

48.15%

*3

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.
*1 - 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.
*2 - Plan was created in 2013 or 2014. No information on actuarial value of plan assets or actuarial accrued liabiltiy was available. *3 - Government is not in compliance with funding requirements of O.C.G.A. 47-1-3. *4 - Plan was transferred from ACCG administered plan to a single employer defined benefit plan in 2013. *5 - Since the City of Atlanta General Employees Pension Fund includes certain employees of the Atlanta Board of Education,
information is provided with the City of Atlanta. *6 - Aggregate actuarial cost method was used. In accordance with GASB Statement No. 27, the actuarial accrued liability is
equal to the actuarial value of plan assets under this actuarial cost method. *7 - Plan was created in 2013. *8 - Government has not submitted all information required and is not in compliance with O.C.G.A. 47-1-3.

Page D-12

APPENDIX E
ACTUARIAL ASSUMPTIONS

Appendix E: Actuarial Assumptions

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

INFLATION RATE

ACTUARIAL ASSUMPTIONS WITH RESPECT TO:

INVESTMENT

PROJECTED

POSTRETIREMENT

RETURN

SALARY INCREASES BENEFIT INCREASES

3.50% 3.50% 3.50% 3.50% 3.50% 3.00% 3.50% 2.50% 3.50% 3.50% 3.50% N/R
2.75% 2.75% N/R 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50%
3.50% 3.50% N/R 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50%
Page E-1

7.75% 7.75% 7.75% 7.75% 7.75% 8.50% 7.75% 6.75% 7.75% 7.75% 7.75% 7.50%
7.50% 7.50% 7.50% 7.75% 7.75% 7.75% 7.75% 7.75% 7.75% 7.75% 7.75% 7.75% 7.75%
7.75% 7.75% 8.00% 7.75% 7.75% 7.75% 7.75% 7.75% 7.75% 8.00% 7.75% 7.75% 7.75%

0.50 - 2.50% 0.50 - 2.50% 0.50 - 2.50% 0.50 - 2.50% 0.50 - 2.50%
1.00% 0.50 - 2.50% 3.50 - 3.90% 0.50 - 2.50% 0.50 - 2.50% 0.50 - 2.50%
4.00%
0.75 - 4.50% 1.25 - 7.00%
4.00% 0.50 - 2.50% 0.50 - 2.50% 0.50 - 2.50% 0.50 - 2.50% 0.50 - 2.50% 0.50 - 2.50% 0.50 - 2.50% 0.50 - 2.50% 0.50 - 2.50% 0.50 - 2.50%
0.50 - 2.50% 0.50 - 2.50%
5.00% 0.50 - 2.50% 0.50 - 2.50% 0.50 - 2.50% 0.50 - 2.50% 0.50 - 2.50% 0.50 - 2.50% 3.00 - 4.25% 0.50 - 2.50% 0.50 - 2.50% 0.50 - 2.50%

0.00% 0.00% 3.50% 2.00% 0.00% N/R 0.00% N/R 0.00% 3.50% 0.00% 3.00%
3.00% 3.00% 3.00% 0.00% 0.00% 3.50% 0.00% 0.00% 3.50% 0.00% 0.00% 0.00% 0.00%
0.00% 0.00% N/R 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% N/R 0.00% 3.50% 0.00%

Appendix E: Actuarial Assumptions

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, City of 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 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 Single-Employer 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

INFLATION RATE 3.50% 3.50% 3.50% 3.50% *1 3.50% 3.50% 3.50% 3.50% 3.50% 4.00% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% N/R *2 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% N/R 3.50% 3.50% 3.50% 3.50% 3.50% N/R 3.50% 3.50% 3.50% 3.50% 3.50%

ACTUARIAL ASSUMPTIONS WITH RESPECT TO:

INVESTMENT

PROJECTED

RETURN

SALARY INCREASES

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

*1

*1

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.00%

4.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

6.75%

5.00%

*2

*2

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

6.75%

0.28 - 1.00%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.00%

4.00%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

POSTRETIREMENT BENEFIT INCREASES
0.00% 3.00 - 3.50%
0.00% 0.00%
*1 0.00% 0.00% 0.00% 0.00% 0.00% N/R 0.00% 0.00% 3.50% 3.50% 0.00% 0.00% 0.00% 0.00% 3.50% 3.50% N/R
*2 0.00% 0.00% 0.00% 0.00% 3.50% 0.00% 0.00% 0.00% N/R 3.00% 0.00% 0.00% 2.00% 0.00% N/R 0.00% 0.00% 0.00% 3.50% 0.00%

Page E-2

Appendix E: Actuarial Assumptions

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 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 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

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

INFLATION RATE 3.00% 3.50% 3.50% 3.50%
0.00 - 2.50% 3.50% 3.50% 3.50% 3.50% 3.50% 2.25% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 2.50% 3.50% 3.50%

ACTUARIAL ASSUMPTIONS WITH RESPECT TO:

INVESTMENT

PROJECTED

RETURN

SALARY INCREASES

7.50%

1.00 - 5.00%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

6.75%

0.50 - 6.00%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

1.25%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.50%

0.50 - 8.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.13%

3.00%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

POSTRETIREMENT BENEFIT INCREASES
N/R 0.00% 3.00% 0.00% 2.50% 3.50% 0.00 - 3.50% 0.00% 0.00% 0.00% 1.75% 0.00% 0.00% 3.50% 0.00% 0.00% 0.00% 0.00% 3.50% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% N/R 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.00% 0.00% 0.00% 0.00% 0.00% 0.00% N/R 2.00% 0.00%

Page E-3

Appendix E: Actuarial Assumptions

NAME OF GOVERNMENT Hawkinsville Retirement Plan, City of Hazlehurst Retirement Plan, City of Helena 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 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 Lumpkin Retirement Plan, City of Lyons Retirement Plan, City of Macon Fire & Police Retirement System Macon General Employees
Pension & Retirement System 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

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

INFLATION RATE 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% *2 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% N/R

ACTUARIAL ASSUMPTIONS WITH RESPECT TO:

INVESTMENT

PROJECTED

RETURN

SALARY INCREASES

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

*2

*2

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

N/R

7.75%

0.50 - 2.50%

7.50%

3.00%

POSTRETIREMENT BENEFIT INCREASES
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.50% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.00% 0.00% 0.00%
*2 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.50% 0.00% 1.50%

N/R 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50%
Page E-4

8.00% 7.75% 7.75% 7.50% 7.75% 7.75% 7.75% 7.75% 7.75%

3.00% 0.50 - 2.50% 0.50 - 2.50%
0.00% 0.50 - 2.50% 0.50 - 2.50% 0.50 - 2.50% 0.50 - 2.50% 0.50 - 2.50%

1.50% 3.50% 0.00% 3.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Appendix E: Actuarial Assumptions

NAME OF GOVERNMENT Midway Retirement Plan, City of Milledgeville Retirement Plan 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 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 Roberta Retirement Plan, City of Rochelle Retirement Plan, City of Rockmart Retirement Plan, City of

ADMINISTRATOR 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 GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS

INFLATION RATE 3.50% N/R 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% N/R 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.00% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50%

ACTUARIAL ASSUMPTIONS WITH RESPECT TO:

INVESTMENT

PROJECTED

RETURN

SALARY INCREASES

7.75%

0.50 - 2.50%

7.00%

3.00%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.25%

3.25%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

6.75%

3.40 - 5.40%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

N/R

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

POSTRETIREMENT

BENEFIT INCREASES

0.00%

N/R

0.00%

0.00%

0.00%

3.50%

0.00%

0.00%

N/R

3.50%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

3.00%

0.00%

0.00%

0.00%

0.00%

3.00%

0.00%

N/R

3.50%

*3

0.00%

3.50%

0.00%

2.00%

3.50%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

3.50%

0.00%

0.00%

0.00%

0.00%

Page E-5

Appendix E: Actuarial Assumptions

NAME OF GOVERNMENT 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 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

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

INFLATION RATE 3.50% 3.50% 3.50% 3.50% 3.50% 3.75% *1 3.50% 3.50% 3.50% 3.50% N/R 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% N/R 3.50% 3.50% N/R 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50%

ACTUARIAL ASSUMPTIONS WITH RESPECT TO:

INVESTMENT

PROJECTED

RETURN

SALARY INCREASES

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.17 - 1.85%

*1

*1

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

N/R

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.75%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.50%

5.00%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

3.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

POSTRETIREMENT BENEFIT INCREASES
0.00 - 3.50% 0.00% 0.00% 0.00% 0.00%
1.00 - 5.00% *1
0.00% 0.00% 0.00% 0.00% 3.50% 3.50% 0.00% 0.00% 0.00% 3.50% 0.00% 3.50% 3.00% 0.00% 3.50% 0.00% 0.00% 2.50% 0.00% 0.00% 0.00% 2.50% 0.00% 0.00% N/R 3.50% 3.50% 3.00% 3.00% 0.00 - 3.00% 0.00% 0.00% 0.00% 3.50% 0.00% 0.00%

Page E-6

Appendix E: Actuarial Assumptions

NAME OF GOVERNMENT 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 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 Board of Commissioners
Defined Benefit Plan Banks County Pension Plan Barrow County Pension Plan Bartow County Pension Plan Ben Hill County Pension Plan Bibb 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

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

INFLATION RATE 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50%

ACTUARIAL ASSUMPTIONS WITH RESPECT TO:

INVESTMENT

PROJECTED

RETURN

SALARY INCREASES

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

7.75%

0.50 - 2.50%

POSTRETIREMENT BENEFIT INCREASES
0.00% 0.00% 0.00% 3.50% 0.00% 2.50% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.50% 0.00% 0.00% 0.00% 0.00%

3.00% 3.00%
3.00% 3.00% 3.00% 3.00% 3.00% 4.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 0.00 - 4.00% 3.00%
Page E-7

7.75% 7.75%
7.75% 7.75% 7.75% 7.75% 7.75% 7.50% 7.75% 7.75% 7.75% 7.75% 7.75% 7.75% 7.75% 7.80% 7.75% 8.00% 7.75%

4.00 - 6.50% 4.50 - 7.00%
4.00 - 6.50% 4.50 - 7.00% 5.00 - 7.50% 5.00 - 7.50% 4.00 - 6.50%
0.25% 4.50 - 7.00% 4.50 - 7.00% 4.00 - 6.50% 3.00 - 5.50% 4.50 - 7.00% 5.00 - 7.50% 5.00 - 7.50% 0.00 - 3.00% 4.00 - 6.50%
0.00% 4.00 - 6.50%

N/R N/R
N/R N/R N/R N/R N/R N/R N/R N/R N/R N/R N/R N/R N/R N/R N/R 2.00% N/R

Appendix E: Actuarial Assumptions

NAME OF GOVERNMENT 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 Retirement Plan Douglas County Retirement Plan Douglas County Employee Defined Benefit Plan Early County Pension Plan Early County Department of Public Safety Effingham County Pension Plan Elbert County Pension Plan Evans County Board of Commissioners
Retirement 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 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

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

INFLATION RATE

ACTUARIAL ASSUMPTIONS WITH RESPECT TO:

INVESTMENT

PROJECTED

POSTRETIREMENT

RETURN

SALARY INCREASES BENEFIT INCREASES

2.50% 3.00% 3.00% N/R 3.00% 3.00% 3.00% 3.00% 2.75% 3.00% 3.00% N/R 3.00%
*1 3.00% 3.00% N/R 3.00%

7.80% 7.75% 7.75% 4.00% 7.75% 7.75% 7.75% 7.75% 7.50% 7.75% 7.75% 7.75% 7.75%
*1 7.75% 7.75% 8.00% 7.75%

0.00 - 1.50% 3.50 - 6.00% 4.00 - 6.50%
2.50% 4.50 - 7.00% 5.00 - 7.50% 5.00 - 7.50% 3.50 - 6.00% 0.00 - 6.25% 4.00 - 6.50% 3.50 - 6.00%
3.00% 3.50 - 6.00%
*1 4.50 - 7.00% 4.50 - 7.00%
5.00% 5.00 - 7.50%

N/R N/R N/R 2.50% N/R N/R N/R N/R N/R N/R N/R N/R N/R *1 N/R N/R N/R N/R

N/R 3.00% 3.00% 3.00% N/R 3.00% N/R

5.00% 7.75% 7.75% 7.75% 7.00% 7.75% 7.80%

4.50% 5.00 - 7.50% 3.50 - 6.00% 5.00 - 7.50%
4.00% 4.00 - 6.50%
3.00%

N/R N/R N/R N/R N/R N/R 3.00%

4.00% 3.00% 3.00% 4.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%
Page E-8

7.75% 7.75% 7.75% 8.00% 7.75% 7.75% 7.75% 7.75% 7.75% 7.75% 7.75% 7.75% 7.75% 7.75% 7.75%

0.00 - 2.00% 4.50 - 7.00% 4.00 - 6.50% 0.50 - 1.50% 4.00 - 6.50% 4.00 - 6.50% 3.50 - 6.00% 5.00 - 7.50% 5.00 - 7.50% 4.00 - 6.50% 4.00 - 6.50% 4.00 - 6.50% 5.00 - 7.50% 4.00 - 6.50% 4.50 - 7.00%

N/R N/R N/R 1.00% N/R N/R N/R N/R N/R N/R N/R N/R N/R N/R N/R

Appendix E: Actuarial Assumptions

NAME OF GOVERNMENT Jenkins County Pension Plan Jones County Pension Plan Lamar County Pension Plan Laurens County Pension Plan Lee County Retirement Plan Lee County Retirement Plan Liberty County, Retirement Plan of Lincoln County Pension Plan 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 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 *4 Turner County Pension Plan

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

INFLATION RATE 3.00% 3.00% 3.00% 3.00% 3.00% N/R N/R 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%

ACTUARIAL ASSUMPTIONS WITH RESPECT TO:

INVESTMENT

PROJECTED

RETURN

SALARY INCREASES

7.75%

4.00 - 6.50%

7.75%

4.50 - 7.00%

7.75%

5.00 - 7.50%

7.75%

4.00 - 6.50%

7.75%

3.50 - 6.00%

5.00%

0.00%

8.50%

3.00%

7.75%

4.50 - 7.00%

7.75%

4.00 - 6.50%

7.75%

5.00 - 7.50%

7.75%

4.00 - 6.50%

7.75%

4.00 - 6.50%

7.75%

4.00 - 6.50%

7.75%

4.00 - 6.50%

7.75%

4.00 - 6.50%

7.75%

4.00 - 6.50%

7.75%

5.00 - 7.50%

7.75%

5.00 - 7.50%

7.75%

5.00 - 7.50%

7.75%

5.00 - 7.50%

7.75%

4.50 - 7.00%

7.75%

4.00 - 6.50%

7.75%

4.50 - 7.00%

7.75%

4.00 - 6.50%

7.75%

4.00 - 6.50%

POSTRETIREMENT BENEFIT INCREASES
N/R N/R N/R N/R N/R N/R N/R N/R N/R N/R N/R N/R N/R N/R N/R N/R N/R N/R N/R N/R N/R N/R N/R N/R N/R

3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% N/R 3.00%

7.75%

4.00 - 6.50%

N/R

7.75%

5.00 - 7.50%

N/R

7.75%

4.50 - 7.00%

N/R

7.75%

4.00 - 6.50%

N/R

7.75%

4.00 - 6.50%

N/R

7.75%

4.00 - 6.50%

N/R

7.75%

5.00 - 7.50%

N/R

7.75%

5.00 - 7.50%

N/R

7.75%

3.50 - 6.00%

N/R

7.75%

4.50 - 7.00%

N/R

7.75%

4.00 - 6.50%

N/R

7.75%

5.00 - 7.50%

N/R

7.75%

5.00 - 7.50%

N/R

7.75%

4.50 - 7.00%

N/R

7.75%

4.00 - 6.50%

N/R

7.75%

3.00%

N/R

7.75%

4.00 - 6.50%

N/R

Page E-9

Appendix E: Actuarial Assumptions

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

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

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 Richmond County Employee Pension Fund (1945)

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

REGIONAL COMMISSIONS
Atlanta Regional Commission Retirement Plan Coastal 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 GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer

INFLATION RATE N/R
N/R 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00% 3.00%
N/R *1 *1 3.00% *1 3.50%
3.50%
N/R
N/R 3.50% 3.00%
3.00% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% N/R

ACTUARIAL ASSUMPTIONS WITH RESPECT TO:

INVESTMENT

PROJECTED

RETURN

SALARY INCREASES

6.00%

3.50%

POSTRETIREMENT BENEFIT INCREASES
N/R

6.00%

4.00%

N/R

7.75%

4.00 - 6.50%

N/R

7.75%

4.00 - 6.50%

N/R

7.75%

3.50 - 6.00%

N/R

7.75%

5.00 - 7.50%

N/R

7.75%

5.00 - 7.50%

N/R

7.75%

4.00 - 6.50%

N/R

7.75%

3.00 - 5.50%

N/R

7.75%

5.00 - 7.50%

N/R

8.00% *1 *1
8.00% *1
7.75%
7.75%
7.00%
7.00% 7.75% 8.00%

4.25 - 6.50% *1 *1
5.50% *1
0.50 - 2.50%
0.50 - 2.50%
3.25%
3.25% 0.50 - 2.50%
5.00%

N/R *1 *1 N/R *1 0.00 - 3.50%
0.00%
N/R
N/R 0.00% N/R

7.40% 7.75% 7.75% 7.75% 7.75% 7.75% 7.75% 7.75% 7.75%

1.25% 0.50 - 2.50% 0.50 - 2.50% 0.50 - 2.50% 0.50 - 2.50% 0.50 - 2.50% 0.50 - 2.50% 0.50 - 2.50%
N/R

0.00% 0.00% 3.50% 0.00% 0.00 - 1.50% 0.00% 0.00% 0.00% 2.50%

Page E-10

Appendix E: Actuarial Assumptions

NAME OF GOVERNMENT

ADMINISTRATOR

LOCAL BOARDS OF EDUCATION *5

Fulton County School Employees' Pension Fund Gwinnett County Board of Education Retirement System Polk County Board of Education Retirement System

Single-Employer Single-Employer Single-Employer

LOCAL AUTHORITIES
Atlanta Housing Authority, City of Austell Gas System Retirement Plan Brunswick - Glynn County Joint
Water & Sewer Commission Carroll County Water Authority Chatsworth Water Commission Cherokee County Water and Sewerage Authority Cobb County-Marietta Water Authority Columbus Medical Center Hospital Authority Conyers Housing Authority, City of Covington Housing Authority *7 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 Floyd County Hospital Authority Fort Valley Utilities Commission Fulton-DeKalb Hospital Authority Haralson County Water Authority Heard County Water Authority Henry County Water and Sewerage Authority Housing Authority of the City of Clayton Jasper County Joint 911 Authority Jonesboro Housing Authority LaGrange Housing Authority LaGrange-Troup County Hospital Authority Lavonia Housing Authority Liberty Consolidated Planning Commission Macon Water Authority Macon-Bibb County Transit Authority

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

INFLATION RATE

ACTUARIAL ASSUMPTIONS WITH RESPECT TO:

INVESTMENT

PROJECTED

POSTRETIREMENT

RETURN

SALARY INCREASES BENEFIT INCREASES

2.75% 3.50% N/R

7.00% 8.00% 7.00%

2.00 - 5.25% 1.00 - 4.50%
3.50%

3.00% 3.00% N/R

N/R N/R
3.50% N/R 3.50% 3.50% N/R 4.00% 3.50% 3.00%
3.50% 3.50% 3.50% 3.50% 3.50% 3.50% N/R 3.50% 3.00% 3.00% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% N/R 3.50% 3.50% N/R N/R
Page E-11

4.25, 5.50%

*6

7.00%

7.75% 6.65% 7.75% 7.75% 7.50% 7.00% 7.75% 7.75%

7.75% 7.75% 7.75% 7.75% 7.75% 7.75% 7.25% 7.75% 8.00% 7.75% 7.75% 7.75% 7.75% 7.75% 7.75% 7.75% 7.25% 7.75% 7.75% 7.00% 7.00%

4.00% 4.50%
0.50 - 2.50% 4.50%
0.50 - 2.50% 0.50 - 2.50%
5.00% 0.00 - 9.80% 0.50 - 2.50% 3.50 - 6.00%
0.50 - 2.50% 0.50 - 2.50% 0.50 - 2.50% 0.50 - 2.50% 0.50 - 2.50% 0.50 - 2.50%
N/R 0.50 - 2.50%
N/R 5.00 - 7.50% 0.50 - 2.50% 0.50 - 2.50% 0.50 - 2.50% 0.50 - 2.50% 0.50 - 2.50% 0.50 - 2.50%
N/R 0.50 - 2.50% 0.50 - 2.50% 3.50 - 6.00%
3.00%

N/R N/R

0.00% 1.00% 0.00% 0.00% 5.00% N/R 0.00% N/R

0.00 - 3.50%

0.00%

0.00%

2.00%

0.00%

3.00%

N/R

0.00%

N/R

*8

N/R

0.00%

1.00%

0.00%

0.00%

0.00%

0.00%

N/R

0.00%

0.00%

N/R

1.50%

Appendix E: Actuarial Assumptions

NAME OF GOVERNMENT Metro Atlanta Rapid Transit Authority
Non-Represented Pension Plan Metro Atlanta Rapid Transit Authority
Union Employees Retirement Plan Middle Flint Regional E-911 Authority Mount Vernon Housing Authority Newnan Water and Light Commission Northeast Georgia Housing Authority Polk County Water Authority Rome-Floyd County Recreation Authority Towns County Water & Sewer Authority Unadilla Housing Authority Valdosta/Lowndes County Hospital Authority Valdosta/Lowndes County Parks & Recreation Authority Vidalia Housing Authority, City of Vienna Housing Authority, City of Villa Rica Housing Authority, City of Walker County Water and Sewage Authority Washington County Memorial Hospital

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

INFLATION RATE
2.50%
N/R 3.00% 3.50% N/R 3.50% N/R 3.50% 3.50% 3.50% N/R 3.50% 3.50% 3.50% 3.50% N/R N/R

ACTUARIAL ASSUMPTIONS WITH RESPECT TO:

INVESTMENT

PROJECTED

POSTRETIREMENT

RETURN

SALARY INCREASES BENEFIT INCREASES

7.25%

0.50 - 1.00%

1.00%

7.50% 7.75% 7.75% 7.00% 7.75% 6.50% 7.75% 7.75% 7.75% 7.50% 7.75% 7.75% 7.75% 7.75% 6.00% 6.75%

4.50% 3.50 - 6.00% 0.50 - 2.50%
5.00% 0.50 - 2.50% 3.00 - 4.00% 0.50 - 2.50% 0.50 - 2.50% 0.50 - 2.50%
N/R 0.50 - 2.50% 0.50 - 2.50% 0.50 - 2.50% 0.50 - 2.50%
4.00% N/R

N/R

N/R

0.00%

N/R

3.50%

N/R

3.50%

0.00%

0.00%

N/R

0.00%

0.00%

0.00%

0.00%

N/R

N/R

*3

N/R - Not Reported
*1 - 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.
*2 - Plan was created in 2013 or 2014. No information on actuarial value of plan assets or actuarial accrued liabiltiy was available. *3 - Government is not in compliance with funding requirements of O.C.G.A. 47-1-3. *4 - Plan was transferred from ACCG administered plan to a single employer defined benefit plan in 2013. *5 - Since the City of Atlanta General Employees Pension Fund includes certain employees of the Atlanta Board of Education,
information is provided with the City of Atlanta. *6 - Two interest rates used, depending on employee certification. *7 - Plan was created in 2013. *8 - Government has not submitted all information required and is not in compliance with O.C.G.A. 47-1-3.

Page E-12

Appendix E: Actuarial Assumptions

Investment Return Assumptions
9%

8%

7%

6%

5%

4%

3%

2%

1%

0%

0

10

20

30

40

50

60

70

80

The above table shows the range of investment return assumptions used by the single employer defined benefit plans. This table does not include ACCG or GMEBS members. The mean of the investment return assumptions is 7.19% and the median is 7.50%. If the ACCG and GMEBS members had been included, the mean of the investment return assumptions would be 7.69% and the median would be 7.75%.

Page E-13

APPENDIX F
RETIREMENT AND POSTEMPLOYMENT BENEFITS OTHER THAN DEFINED BENEFIT PLANS

Appendix F: Retirement and Postemployment Benefits Other Than Defined Benefit Plans

Name of Government
Cities Acworth Adairsville Adel Albany Alpharetta Americus Arcade Arlington Ashburn Atlanta Auburn Austell Avondale Estates Bainbridge Baldwin Ball Ground Barnesville Baxley Berkeley Lake Blairsville Blakely Blythe Braselton Bronwood Brookhaven Brooks Brunswick Buchanan Buford Byron Cairo Calhoun Camilla Canton Carrollton Cartersville Cave Spring Cedartown Centerville Chatsworth Chattahoochee Hills Chickamauga

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

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
Page F-1

Postemployment Healthcare Benefits

Other Postemployment
Benefits

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

Insurance Contract

Appendix F: Retirement and Postemployment Benefits Other Than Defined Benefit Plans

Name of Government
Clarkesville Clarkston Clayton Clermont Cleveland College Park Colquitt Commerce Concord Conyers Cordele Cornelia Covington Crawford Cumming Dahlonega Dallas Dalton Dawson Decatur Dillard Doraville Douglas Douglasville Dublin Dudley Duluth Dunwoody East Dublin East Point Edison Elberton Ellijay Eton Euharlee Fairburn Fayetteville Fitzgerald Folkston Forest Park Forsyth Fort Gaines Fort Oglethorpe

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

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

Other Postemployment
Benefits

X

X

X X

X

X

X

X X X X

X

X

X
X X

Page F-2

Insurance Contract

Appendix F: Retirement and Postemployment Benefits Other Than Defined Benefit Plans

Name of Government
Gainesville Garden City Glennville Grantville Greensboro Griffin Hampton Hapeville Harlem Hartwell Hawkinsville Hazlehurst Helen Helena Hephzibah Hoboken Holly Springs Homer Irwinton Jackson Jasper Jenkinsburg Jesup Johns Creek Jonesboro Kennesaw Kingsland LaGrange Lake City Lavonia Lawrenceville Leesburg Lilburn Locust Grove Loganville Louisville Lula Macon Madison Manchester Marietta Marshallville McCaysville

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

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

Other Postemployment
Benefits X

X

X

X

X

X

X

X X

X

X

X

X

X

X

X

X

Page F-3

Insurance Contract

Appendix F: Retirement and Postemployment Benefits Other Than Defined Benefit Plans

Name of Government
McDonough McIntyre McRae Metter Milledgeville Milner Milton Monroe Morrow Moultrie Mount Airy Nashville Newnan Norcross Odum Omega Oxford Peachtree City Peachtree Corners Perry Pine Lake Pine Mountain Pooler Port Wentworth Powder Springs Quitman Richmond Hill Ringgold Riverdale Rochelle Rockmart Rome Roswell Royston Rutledge Sale City Sandersville Sandy Springs Sardis Savannah Sharpsburg Shellman Smithville

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

Deferred Compensation
Plan(s) 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

Page F-4

Insurance Contract

Appendix F: Retirement and Postemployment Benefits Other Than Defined Benefit Plans

Name of Government
Smyrna Snellville Social Circle Sparks Springfield St. Marys Statesboro Statham Stockbridge Stone Mountain Summerville Suwanee Swainsboro Sylvania Sylvester Thomaston Thomasville Thomson Thunderbolt Tifton Toccoa Trenton Tunnel Hill Turin Tybee Island Tyrone Union City Union Point Valdosta Vidalia Villa Rica Waco Warner Robins Watkinsville Waynesboro West Point Whitesburg Winder Winterville Woodbine Woodstock Young Harris Zebulon

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

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

Postemployment Healthcare Benefits 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

Page F-5

Insurance Contract

Appendix F: Retirement and Postemployment Benefits Other Than Defined Benefit Plans

Name of Government

Defined Contribution
Plan(s)

Deferred Compensation
Plan(s)

Postemployment Healthcare Benefits

Other Postemployment
Benefits

Counties Appling County Atkinson County Bacon County Baldwin County Barrow County Bartow County Ben Hill County Bibb County Brantley County Brooks County Bryan County Bulloch County Burke County Butts County Camden County Candler County Carroll County Catoosa County Charlton County Chatham County Chattooga County Cherokee County Clay County Clayton County Clinch County Cobb County Coffee County Columbia County Cook County Coweta County Crawford County Crisp County Dade County Dawson County Decatur County DeKalb County Dodge County Dooly County Dougherty County Douglas County Early County Effingham 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

X

X

X

X

X

X

X

X

Page F-6

Insurance Contract

Appendix F: Retirement and Postemployment Benefits Other Than Defined Benefit Plans

Name of Government
Elbert County Emanuel County Fannin County Fayette County Floyd County Forsyth County Franklin County Fulton County Gilmer County Glynn County Gordon County Grady County Greene County Gwinnett County Habersham County Hall County Haralson County Hart County Heard County Henry County Houston County Irwin County Jackson County Jasper County Jeff Davis County Jefferson County Jenkins County Johnson County Jones County Lamar County Lanier County Laurens County Lee County Liberty County Long County Lowndes County Lumpkin County Macon County Madison County Marion County McDuffie County McIntosh County Meriwether County Miller 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

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

Other Postemployment
Benefits

X

X X

X

X

X X

X

X

X

X X
X
X

X

X

X

Page F-7

Insurance Contract

Appendix F: Retirement and Postemployment Benefits Other Than Defined Benefit Plans

Name of Government
Mitchell County Monroe County Morgan County Murray County Newton County Oconee County Paulding County Peach County Pickens County Pierce County Pike County Polk County Pulaski County Putnam County Rabun County Spalding County Stephens County Stewart County Sumter County Talbot County Tattnall County Taylor County Telfair County Terrell County Tift County Toombs County Treutlen County Troup County Turner County Twiggs County Union County Walker County Walton County Ware County Washington County Wayne County Wheeler County White County Whitfield County Wilcox County Wilkes County Wilkinson 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

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

Postemployment Healthcare Benefits
X

Other Postemployment
Benefits
X

X X X

X

X
X X X X
X
X

Page F-8

Insurance Contract

Appendix F: Retirement and Postemployment Benefits Other Than Defined Benefit Plans

Name of Government

Defined Contribution
Plan(s)

Deferred Compensation
Plan(s)

Postemployment Healthcare Benefits

Other Postemployment
Benefits

Consolidated Governments Athens/Clarke County Augusta/Richmond County Columbus-Muscogee County Cusseta - Chattahoochee County Unified Government of Webster County

X

X

X

X

X

X

X

X

X

X

X

X

X

Regional Commissions Atlanta Regional Commission Central Savannah River Area Regional Commission Coastal Area District Development Authority, Inc.
(a component unit of Coastal Regional Commission) Coastal Regional Commission Georgia Mountains Regional Commission Heart of Georgia - Altamaha Regional Commission Middle Georgia Regional Commission Northeast Georgia Regional Commission Northwest Georgia Regional Commission River Valley Regional Commission Southern Georgia Regional Commission Southwest Georgia Regional Commission Three Rivers Regional Commission

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

Local Boards of Education Atkinson County Board of Education Bacon County Board of Education Baker County Board of Education Baldwin County Board of Education Banks County Board of Education Barrow County Board of Education Bartow County Board of Education Bibb County Board of Education Bleckley County Board of Education Brantley County Board of Education Bryan County Board of Education Bulloch County Board of Education Burke County Board of Education Butts County Board of Education Camden County Board of Education Candler County Board of Education

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

Page F-9

Insurance Contract

Appendix F: Retirement and Postemployment Benefits Other Than Defined Benefit Plans

Name of Government
Catoosa County Board of Education Charlton County Board of Education Chattahoochee County Board of Education Cherokee County Board of Education Clarke County Board of Education Clay County Board of Education Clayton County Board of Education Cobb County Board of Education Coffee County Board of Education Columbia County Board of Education Coweta County Board of Education Crisp County Board of Education Dawson County Board of Education DeKalb County Board of Education Dodge County Board of Education Dooly County Board of Education Dougherty County Board of Education Douglas County Board of Education Early County Board of Education Echols County Board of Education Effingham County Board of Education Elbert County Board of Education Emanuel County Board of Education Evans County Board of Education Fannin County Board of Education Fayette County Board of Education Floyd County Board of Education Forsyth County Board of Education Fulton County Board of Education Glascock County Board of Education Gordon County Board of Education Greene County Board of Education Gwinnett County Board of Education Habersham County Board of Education Hall County Board of Education Hancock County Board of Education Haralson County Board of Education Harris County Board of Education Heard County Board of Education Henry County Board of Education Houston County Board of Education Irwin County Board of Education Jackson 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

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

Postemployment Healthcare Benefits

Other Postemployment
Benefits

X

X

X

X

X

Page F-10

Insurance Contract

Appendix F: Retirement and Postemployment Benefits Other Than Defined Benefit Plans

Name of Government
Jasper County Board of Education Jefferson County Board of Education Jenkins County Board of Education Jones County Board of Education Lamar County Board of Education Lanier County Board of Education Liberty County Board of Education Lincoln County Board of Education Lowndes County Board of Education Lumpkin County Board of Education Macon County Board of Education Marion County Board of Education McDuffie County Board of Education McIntosh County Board of Education Meriwether County Board of Education Miller County Board of Education Mitchell County Board of Education Murray County Board of Education Muscogee County Board of Education Newton 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 Pierce County Board of Education Pike County Board of Education Pulaski County Board of Education Quitman County Board of Education Rabun County Board of Education Richmond County Board of Education Rockdale County Board of Education Schley County Board of Education Screven County Board of Education Griffin-Spalding County Board of Education Sumter County Board of Education Taliaferro County Board of Education Tattnall County Board of Education Taylor County Board of Education Terrell County Board of Education Thomas County Board of Education Tift County Board of Education Toombs County Board of Education

Defined Contribution
Plan(s)
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

Postemployment Healthcare Benefits

Other Postemployment
Benefits X

X

X

Page F-11

Insurance Contract

Appendix F: Retirement and Postemployment Benefits Other Than Defined Benefit Plans

Name of Government
Troup County Board of Education Treutlen 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 Ware County Board of Education Washington County Board of Education Wayne County Board of Education Webster County Board of Education Wheeler County Board of Education White County Board of Education Whitfield County Board of Education Wilcox County Board of Education Wilkes County Board of Education Worth County Board of Education City of Atlanta Board of Education City of Calhoun Board of Education City of Carrollton Board of Education City of Cartersville Board of Education City of Chickamauga Board of Education City of Commerce Board of Education City of Dalton 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 Marietta Board of Education City of Pelham Board of Education City of Rome Board of Education City of Social Circle Board of Education City of Thomasville 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
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

Postemployment Healthcare Benefits

Other Postemployment
Benefits

X

X

Local Authorities Alma Housing Authority Americus and Sumter County Hospital Authority Austell Gas System Baldwin County Hospital Authority

X

X

X

X

X

X

X

Page F-12

Insurance Contract

Appendix F: Retirement and Postemployment Benefits Other Than Defined Benefit Plans

Name of Government
Barnesville Housing Authority Brooks County Development Authority Brunswick and Glynn County Development Authority Brunswick-Glynn County Joint Water and Sewer Commission Camden County Solid Waste Management Authority Carroll County Water Authority Catoosa Utility District Authority Chatsworth Water Commission Cherokee County Water and Sewerage Authority Chicopee Woods Area Park Commission City of Atlanta Fulton County Recreation Authority Clinch County Hospital Authority Cobb County-Marietta Water Authority Cobb-Marietta Coliseum and Exhibit Hall Authority Coosa Water Authority Coweta County Water and Sewerage Authority Dade County Water and Sewer Authority Development Authority of Bainbridge and Decatur County Development Authority of Douglas County Development Authority of Elbert County, Elberton and Bowman Development Authority of Peach County Development Authority of Richmond County Douglasville-Douglas County Water and Sewer Authority Downtown Athens Development Authority Downtown Development Authority of Maysville Dublin-Laurens County Recreation Authority Ellijay-Gilmer County Water and Sewerage Authority Etowah Water and Sewer Authority Fairburn Housing Authority Fitzgerald Water, Light, and Bond Commission Flint Area Consolidated Housing Authority Fort Valley Utilities Commission Franklin Housing Authority Griffin-Spalding County Development Authority Haralson County Water Authority Hawkinsville Housing Authority Hazelhurst Housing Authority Henry County Water Authority Hospital Authority of Candler County Hospital Authority of Clarke County Georgia Hospital Authority of Colquitt County Hospital Authority of Crisp County Hospital Authority of Effingham 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 X

Deferred Compensation
Plan(s) 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

Page F-13

Insurance Contract

Appendix F: Retirement and Postemployment Benefits Other Than Defined Benefit Plans

Name of Government
Hospital Authority of Evans County Hospital Authority of Jefferson County and the City of Louisville Hospital Authority of Liberty County Hospital Authority of Miller County Hospital Authority of Monroe County Hospital Authority of Putnam County Hospital Authority of Randolph County Hospital Authority of the City of Bainbridge and Decatur County Hospital Authority of Valdosta and Lowndes County, Georgia Hospital Authority of Washington 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 Clayton County Housing Authority of Columbus, Georgia Housing Authority of Douglas County Housing Authority of Fulton County Housing Authority of Savannah Housing Authority of Screven County Housing Authority of the City of Adel, Georgia Housing Authority of the City of Albany Housing Authority of the City of Ashburn Housing Authority of the City of Athens, Georgia Housing Authority of the City of Augusta, 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 Boston Housing Authority of the City of Buchanan Housing Authority of the City of Buford, Georgia Housing Authority of the City of Cairo, Georgia Housing Authority of the City of Calhoun Housing Authority of the City of Camilla Housing Authority of the City of Cedartown, Ga. Housing Authority of the City of Chatsworth Housing Authority of the City of Cochran, Georgia 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 Cumming Housing Authority of the City of Cuthbert, Ga Housing Authority of the City of Dawson

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

Deferred Compensation
Plan(s)
X X

Postemployment Healthcare Benefits

Other Postemployment
Benefits

X

X

X

X

X

X X

X X

X

X

X

X

X

X

Page F-14

Insurance Contract

Appendix F: Retirement and Postemployment Benefits Other Than Defined Benefit Plans

Name of Government
Housing Authority of the City of Decatur, Georgia 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 Eatonton Housing Authority of the City of Elberton, Georgia Housing Authority of the City of Ellijay, Georgia Housing Authority of the City of Fitzgerald Housing Authority of the City of Gainesville Housing Authority of the City of Griffin Housing Authority of the City of Hahira, Georgia Housing Authority of the City of Hinesville, Ga 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 Lakeland, Georgia 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 Loganville, Ga Housing Authority of the City of Louisville Housing Authority of the City of Macon, Georgia Housing Authority of the City of Madison, Ga Housing Authority of the City of Marietta Housing Authority of the City of McCaysville Georgia Housing Authority of the City of McDonough Housing Authority of the City of Menlo, Georgia Housing Authority of the City of Milledgeville Housing Authority of the City of Millen Housing Authority of the City of Monroe, Ga Housing Authority of the City of Moultrie, Georgia Housing Authority of the City of Nahunta Housing Authority of the City of Nashville, Georgia Housing Authority of the City of Ocilla, Ga Housing Authority of the City of Pearson, Georgia Housing Authority of the City of Perry, Georgia Housing Authority of the City of Quitman Housing Authority of the City of Roswell Housing Authority of the City of Royston Housing Authority of the City of Sandersville Housing Authority of the City of Senoia Housing Authority of the City of Social Circle, Ga

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

Deferred Compensation
Plan(s) X X
X X

Postemployment Healthcare Benefits
X

Other Postemployment
Benefits
X

X
X X

X

X X X
X X X

X

Page F-15

Insurance Contract

Appendix F: Retirement and Postemployment Benefits Other Than Defined Benefit Plans

Name of Government
Housing Authority of the City of Statesboro Housing Authority of the City of Summerville Housing Authority of the City of Swainsboro Housing Authority of the City of Sylvania Housing Authority of the City of Tallapoosa, Georgia Housing Authority of the City of Thomaston Housing Authority of the City of Thomasville, Ga. Housing Authority of the City of Tifton, Georgia Housing Authority of the City of Vidalia Housing Authority of the City of Warner Robins, Georgia 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 Housing Authority of the County of Atkinson, Georgia Houston County Development Authority Jackson County Water and Sewerage Authority Jackson Housing Authority Jonesboro Housing Authority Lafayette Housing Authority Liberty County Industrial Authority Lumpkin County Water & Sewerage Authority Macon Water Authority Macon-Bibb County Community Enhancement Authority Macon-Bibb County Industrial Authority Macon-Bibb County Transit Authority Mcintosh County Industrial Development Authority Metropolitan Atlanta Rapid Transit Authority - ATU Local 732 Metropolitan Atlanta Rapid Transit Authority - Nonrepresented Middle Flint Regional E-911 Authority Newnan Convention Center Authority Newnan Water and Light Commission Newton County Water and Sewerage Authority Northeast Georgia Housing Authority Northwest Georgia Housing Authority Notla Water System Palmetto Housing Authority Peachtree City Airport Authority Peachtree City Water and Sewerage Authority Pelham Housing Authority Pike County Parks & Recreation Authority Polk County Water Authority Polk County Water, Sewage and Solid Waste 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

Deferred Compensation
Plan(s)

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

Page F-16

Insurance Contract

Appendix F: Retirement and Postemployment Benefits Other Than Defined Benefit Plans

Name of Government
Rome-Floyd County Recreation Authority Satilla Regional Water and Sewer Authority Screven County Development Authority Solid Waste Management Authority of Atkinson County Southeast Georgia Consolidated Housing Authority Stephens County Development Authority Stephens County Hospital Authority Sumter County Livestock Authority Tennille Housing Authority The Baxley and Appling County Hospital Authority The Hospital Authority of Habersham County The Hospital Authority of Peach County The Housing Authority of the City of Americus, GA The Housing Authority of the City of Atlanta, Georgia The Housing Authority of the City of Brunswick, Georgia The Housing Authority of the City of Dallas, Georgia The Housing Authority of the City of Newnan The Housing Authority of the City of Washington The Northwest Georgia Joint Development Authority Tift County Hospital Authority Tri-City Housing Authority Tri-County Joint E-911 Development Authority Union City Housing Authority Union Point Housing Authority Valdosta-Lowndes County Airport Authority Valdosta-Lowndes County Conference Center and Tourism Authority Valdosta-Lowndes County Parks and Recreation Authority Walker County Water and Sewerage Authority White County Water and Sewerage 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

Deferred Compensation
Plan(s)
X X

Postemployment Healthcare Benefits X

Other Postemployment
Benefits

X

X

X

X

X

X

X

X X

X
X X

X X X

Insurance Contract
X

Page F-17

APPENDIX G
DEPARTMENT OF LAW MEMORANDUM

APPENDIX H
PUBLIC RETIREMENT SYSTEMS STANDARDS LAW HISTORY OF SIGNIFICANT CHANGES

Appendix H: Public Retirement Systems Standards Law History of Significant Changes
Effective July 1996, local retirement plans established or maintained under Article IX, Section II of the Constitution of Georgia are 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
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Appendix H: Public Retirement Systems Standards Law History of Significant Changes
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. 4720-83(a)(1).
Page H-2