Report of the State Auditor, local retirement plans, 2017 January 1

State of Georgia Department of Audits and Accounts
Greg S. Griffin, State Auditor

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: PUBLIC RETIREMENT SYSTEMS STANDARDS LAW HISTORY OF SIGNIFICANT CHANGES................... G-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 G 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 2017 reporting period.
COMPLIANCE WITH STATUTORY REQUIREMENTS
REPORTING REQUIREMENTS All municipalities, counties, consolidated governments, regional commissions, local boards of education, and authorities with identified retirement plans have complied with the state's reporting requirements except:
Hospital Authority of Washington County Polk County Water, Sewage and Solid Waste Authority Valdosta/Lowndes County Hospital Authority
These governments have not complied with some or all of the reporting requirements established in O.C.G.A. 47-1-3. Consequently, as required by O.C.G.A. 47-1-5, the State Treasurer has been notified to withhold any state funds payable to these entities until the actuarial investigation and financial reports are submitted.
In addition to the noncompliant governments with identified retirement plans listed above, Appendix A provides a listing of governments that did not respond to requests for information. Of the 2116 governments, 381 or 18% did not respond. The governments were repeatedly notified by email or letters of the reporting requirements. No information on the retirement benefits that are offered by these governments, if any, is presented in this report.
FUNDING REQUIREMENTS
Except for the following, all applicable retirement plans were, according to their actuaries, funded in accordance with the Public Retirement Systems Standards Law (O.C.G.A. 47-20-1 et seq.):
Hospital Authority of Washington County (noncompliant since 2007)
This government did not meet the minimum funding standards. Consequently, as required by O.C.G.A. 47-20-21, the State Treasurer was notified to withhold any state funds payable to this entity until the government's actuary certifies to the State Auditor and to the State Treasurer that employer contributions are in conformity with the minimum funding standards.
Page 2

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 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, two plans did not comply with the investing requirements at all times during the two-year reporting period.
City of Albany City of Thomasville (repeat finding)
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. Prior reports had noted that mutual funds and exchange traded funds were not expressly authorized by O.C.G.A. 47-20-83, and the 2015 report noted that the Department of Audits and Accounts would work with the General Assembly to resolve the issue of allowability of these investments. House Bill 217 was passed during the 2015-2016 legislative session. This bill amended O.C.G.A. 47-20-83 so as to authorize public retirement systems to invest in mutual funds. 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 definition of large retirement systems. The bill also modified the limitation on investments in equities.
Page 3

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, 76 (17%) are single-employer plans.
GMEBS AND ACCG-ADMINISTERED PLANS
The Georgia Municipal Employees Benefit System (GMEBS) and the Association County Commissioners of Georgia (ACCG) are agent multiple-employer defined benefit pension plans. As such, plan assets are pooled for investment purposes but separate accounts are maintained for each individual employer so that each employer's share of the pooled assets is legally available to pay the benefits of only its employees. This is different from cost-sharing multiple-employer plans when cost-sharing pension plan assets can be used to pay the benefits of the employees of any employer that provides pensions through the pension plan. The GMEBS administers retirement programs for 282 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. Exhibit I on the following page shows the number of defined benefit plans by type of local government unit.
Page 4

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

Governmental Units

Total Number

Number With Local Retirement
Plans

Number of

Local Retirement Plans1 -

Administered By

Single Employer GMEBS2

ACCG3

Municipalities 4

527

263

Counties

152

107

Consolidated Governments

7

5

Regional Commissions

12

9

Local Boards of Education

180

4

Local Authorities 5

1,238

48

2,116

438

25

243

0

17

0

92

11

3

0

2

7

0

4

0

0

17

29

3

76

282

95

1 Because some governments have more than one retirement plan, there are a total of 453 plans, including closed plans.
2 Georgia Municipal Employees Benefit System 3 Association County Commissioners of Georgia 4 Incorporated/active municipalities from the Georgia Department of Community Affairs 5 Local authorities identified by the Georgia Department of Community Affairs

Percent With Local Retirement
Plans
50% 70% 71% 75% 2% 4% 21%

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 2011, 2013, 2015 and 2017 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
Page 6

liability for the sponsoring government entity. Based on the definition of retirement 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
2016 Non-respondent Governments:
Cities
Adrian Allentown Alston Ambrose Andersonville Bartow Bellville Bethlehem Between Bluffton Boston Braswell Bronwood Byromville Cadwell Carl Chauncey Climax Colbert Crawfordville Damascus Dasher DeSoto DuPont Edge Hill Fargo Franklin Springs Geneva Gillsville

Prior surveys in which the government did not respond: *

2014

2012

2010

2008

X

X

X

X

X

X

X

X

X

X

X

X

X

X

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

X

X

X

X

X

Appendix A: Non-Respondent Governments
2016 Non-respondent Governments:
Girard Gum Branch Harrison Hiltonia Hoschton Ivey Jakin Keysville Leary Lone Oak Lumber City Maxeys Meigs Milan Moreland Newton Norman Park Norwood Nunez Oak Park Parrott Pine Lake Pineview Poulan Ranger Rayle Richland Riddleville Riverdale Rocky Ford

Prior surveys in which the government did not respond: *

2014

2012

2010

2008

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
2016 Non-respondent Governments:
Santa Claus Sasser Scotland Screven Sharon Siloam Summertown Sumner Talbotton Twin City Uvalda Varnell Vernonburg Vidette Williamson Woodville Woolsey Yatesville Zebulon
Counties
Emanuel County Irwin County Johnson County Long County Stewart County Twiggs County

Prior surveys in which the government did not respond: *

2014

2012

2010

2008

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
2016 Non-respondent Governments:
Local Boards of Education
Barrow County Board of Education Camden County Board of Education Clayton County Board of Education Dade County Board of Education DeKalb County Board of Education Dooly County Board of Education Early County Board of Education Elbert County Board of Education Evans County Board of Education Floyd County Board of Education Forsyth County Board of Education Hancock County Board of Education Harris County Board of Education Irwin County Board of Education Liberty County Board of Education Lincoln County Board of Education Muscogee County Board of Education Newton County Board of Education Pulaski County Board of Education Taliaferro County Board of Education Turner County Board of Education Walton County Board of Education Webster County Board of Education City of Dublin Board of Education City of Rome Board of Education City of Thomasville Board of Education

Prior surveys in which the government did not respond: *

2014

2012

2010

2008

X

X

X

X X

Page A-4

Appendix A: Non-Respondent Governments
2016 Non-respondent Governments:
Local Authorities
Abbeville Housing Authority Adel-Cook County Tourism Authority Atlanta Development Authority d/b/a Invest Atlanta Atlanta Public Safety and Judicial Facilities Authority Atlanta Urban Redevelopment Agency Augusta, Georgia Landbank Authority Augusta-Richmond County Planning Commission Bacon County Development Authority Bacon Industrial Building Authority Bainbridge Decatur County Recreation Authority Baldwin County Hospital Authority Banks-Jackson-Commerce Hospital and Nursing Home Authority Berrien County Airport Authority Berrien County Development Authority Boston Downtown Development Authority Brooks County Hospital Authority Burke County Hospital Authority Cartersville Downtown Development Authority Chicopee Woods Area Park Commission City of Atlanta Fulton County Recreation Authority City of Austell Public Facilities Authority City of Clayton Downtown Development Authority City of Dawson Development Authority City of Dublin and County of Laurens Development Authority City of Forsyth Convention and Visitors Bureau Authority City of Grayson Downtown Development Authority City of Hartwell Recreation Authority City of Hinesville Development Authority City of Homerville Water and Sewer Authority City of Jesup Downtown Development Authority

Prior surveys in which the government did not respond: *

2014

2012

2010

2008

X

X

X

X

X

X

X

X

X

X

X

X

X

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
2016 Non-respondent Governments:
City of Pearson Public Facilities Authority City of Pearson, Georgia Industrial Authority City of Rome School Building Authority Clayton-Rabun County Water and Sewer Authority Coffee County Hospital Authority Columbus Airport Commission Commerce Housing Authority Coosawattee Regional Water and Sewerage Authority Dade County Industrial Development Authority Dekalb Private Hospital Authority DeKalb Regional Land Bank Authority Development Authority of Appling County Development Authority of Atkinson County Development Authority of Banks County Development Authority of Ben Hill County Development Authority of Brooks County, Georgia Development Authority of Burke County Development Authority of Cherokee County Development Authority of Columbia County Development Authority of Crisp County Development Authority of Dekalb County Development Authority of Fairburn Development Authority of Forsyth County Development Authority of Harris County Development Authority of Jefferson County, Georgia Development Authority of Jones County Development Authority of Lagrange Development Authority of Lanier County Development Authority of Mcduffie County Development Authority of Mcduffie County and the City of Thomson Development Authority of Oglethorpe County

Prior surveys in which the government did not respond: *

2014

2012

2010

2008

X

X

X

X

X

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
2016 Non-respondent Governments:
Development Authority of Palmetto Development Authority of Peach County Development Authority of Pike County Development Authority of Richmond County Development Authority of Rockdale County Development Authority of Screven County Development Authority of Seminole County and Donalsonville Development Authority of Talbot County Development Authority of Telfair County Development Authority of the City of Folkston and Charlton County Development Authority of Warren County Development Authority of Wilkinson County Dodge County Hospital Authority Dodge County/Eastman Development Authority Dougherty County Stadium Authority Downtown Development Authority Cleveland Downtown Development Authority of Abbeville Downtown Development Authority of Adel, Georgia Downtown Development Authority of Austell Downtown Development Authority of Blairsville Downtown Development Authority of Bremen Downtown Development Authority of Chatsworth Downtown Development Authority of Franklin Springs, Georgia Downtown Development Authority of Hinesville, Georgia Downtown Development Authority of Maysville Downtown Development Authority of Metter Downtown Development Authority of Porterdale Downtown Development Authority of Tennille, Georgia Downtown Development Authority of the City of Arlington Georgia Downtown Development Authority of the City of Atlanta Downtown Development Authority of the City of Cochran

Prior surveys in which the government did not respond: *

2014

2012

2010

2008

X

X

X

X

X

X

X

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-7

Appendix A: Non-Respondent Governments
2016 Non-respondent Governments:

Prior surveys in which the government did not respond: *

2014

2012

2010

2008

Downtown Development Authority of the City of Fort Oglethorpe, Georgia

X

Downtown Development Authority of the City of Greensboro

X

Downtown Development Authority of the City of Jackson

Downtown Development Authority of the City of Lafayette

X

Downtown Development Authority of the City of Locust Grove

Downtown Development Authority of the City of Milner

Downtown Development Authority of the City of Smithville

X

Downtown Development Authority of the City of Thomson

X

Downtown Development Authority of the City of Waleska, Georgia

Downtown Development Authority of the City of Warrenton

Downtown Development Authority of Union Point, Ga

Downtown Development Authority of Walnut Grove

X

Downtown Development Authoriy of Homer

Downtown Lagrange Development Authority

X

Dublin-Laurens County Development Authority

East Point Building Authority

X

X

Economic Development Authority of Fort Valley, Georgia

X

X

Emanuel County Hospital Authority

X

X

X

Etowah Area Consolidated Housing Authority

X

Fairburn Housing Authority

Fannin County Building Authority

X

Fannin County Hospital Authority

X

Fannin County Industrial Development Authority

X

Fannin County Water Authority

Flowery Branch Development Authority

X

Franklin-Heard County Water Authority

Gibson Housing Authority

Glynn-Brunswick Memorial Hospital Authority

X

X

X

Gordon County - Floyd County Development Authority

X

X

Greene County Development Authority

Gwinnett County Stormwater Authority

Page A-8

Appendix A: Non-Respondent Governments
2016 Non-respondent Governments:
Hall County Water and Sewer Authority Hancock County Hospital Authority Harris County Airport Authority Harris County Public Improvements Authority Hazlehurst Downtown Development Authority Heard County Public Facilities Authority Heart of Georgia Regional Airport Authority Henry County Water Authority Homerville Downtown Development Authority Homerville Recreational Facilities Authority Hospital Authority of Calhoun County, Georgia Hospital Authority of Charlton County Hospital Authority of Clay County, Georgia Hospital Authority of Crisp County Hospital Authority of Early County, Georgia Hospital Authority of Houston County Hospital Authority of Irwin County Hospital Authority of Putnam County Hospital Authority of Tattnall County, Georgia Hospital Authority of the City of Lavonia Housing Authority City of Lumber City Housing Authority of City of Danielsville Housing Authority of Fulton County Housing Authority of Lee County Housing Authority of Savannah Housing Authority of the City of Albany Housing Authority of the City of Blakely, Georgia Housing Authority of the City of Buchanan Housing Authority of the City of Byron Housing Authority of the City of Canton Housing Authority of the City of Cave Spring

Prior surveys in which the government did not respond: *

2014

2012

2010

2008

X

X

X

X

X

X

X

X

X

X

X

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-9

Appendix A: Non-Respondent Governments
2016 Non-respondent Governments:
Housing Authority of the City of Cochran, Georgia Housing Authority of the City of Comer Housing Authority of the City of Crawfordville Housing Authority of the City of Cumming Housing Authority of the City of Dahlonega Housing Authority of the City of Dublin, Georgia 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 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 Hinesville, Ga Housing Authority of the City of Lincolnton Housing Authority of the City of Lyons Housing Authority of the City of McRae Housing Authority of the City of Perry, Georgia Housing Authority of the City of Ringgold Housing Authority of the City of Roswell Housing Authority of the City of Sparta Housing Authority of the City of Statesboro Housing Authority of the City of Stewart Housing Authority of the City of Thomson, Georgia Housing Authority of the City of Warrenton Housing Authority of the City of Winder Ideal Downtown Development Authority Industrial Development Authority of Austell Jasper County 911 Authority Joint Development Authority of Banks, Habersham and Rabun Counties Joint Development Authority of Bleckley County and Dodge County

Prior surveys in which the government did not respond: *

2014

2012

2010

2008

X

X

X

X

X

X

X

X

X

X

X

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-10

Appendix A: Non-Respondent Governments
2016 Non-respondent Governments:
Joint Development Authority of Butts County and Spalding County Joint Development Authority of Carroll, Haralson, Polk, Heard,Troup,
Paulding and Douglas Counties Joint Development Authority of Colquitt, Mitchell, Grady,
Thomas and Brooks Counties Joint Development Authority of Dekalb County, Newton County,
and Gwinnett County Joint Development Authority of Hazlehurst, Lumber City
and Telfair County Joint Development Authority of Jasper County, Morgan County,
Newton County, and Walton County Joint Development Authority of Jeff Davis County, Hazlehurst
and Denton, Georgia Joint Development Authority of Metropolitan Atlanta Joint Grady County Development Authority Lafayette Hospital Authority Lithonia Downtown Development Authority Loganville Development Authority Lower Chattahoochee Regional E-911 Authority Lumpkin Downtown Development Authority Macon-Bibb County Community Enhancement Authority Madison-Morgan County Airport Authority Marshallville Downtown Development Authority Mcintosh County Industrial Development Authority Middle Georgia Coliseum Authority Miller County Development Authority Miller County Recreation Authority Mitchell County Hospital Authority Monroe County Industrial Development Authority Montezuma Downtown Development Authority Multi-City Water & Sewerage Authority

Prior surveys in which the government did not respond: *

2014

2012

2010

2008

X

X

X

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-11

Appendix A: Non-Respondent Governments
2016 Non-respondent Governments:
Northwest Georgia Housing Authority Ocilla-Irwin County Industrial Development Authority Ocmulgee Regional Joint Development Authority Oglethorpe County Water Authority Oglethorpe Development Authority Paulding County Airport Authority Pelham City Economic Authority Inc. Perry Public Facilities Authority Perry-Houston County Airport Authority Pierce County Hospital Authority Pulaski County School Building Authority Quitman Urban Redevelopment Authority Reidsville Airport Authority Residential Care Facilities for the Elderly Authority of Dekalb County Resource Recovery Development Authority of Cherokee County Richmond Hill Convention and Visitors Bureau Riverdale Downtown Development Authority Rochelle Housing Authority Sandersville School Building Authority Scott Water and Sewer Authority Sinclair Water Authority Soperton Downtown Development Authority South Fulton Municipal Regional Jail Authority South Georgia Regional Information Technology Authority Southwest Georgia Joint Development Authority Southwest Georgia Technology Authority Sparta-Hancock Public Facilities Authority Stephens County Hospital Authority Stephens County School Building Authority Stewart County Development Authority Stewart County Water and Sewerage Authority

Prior surveys in which the government did not respond: *

2014

2012

2010

2008

X

X

X

X

X

X

X

X

X

X

X

X

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-12

Appendix A: Non-Respondent Governments
2016 Non-respondent Governments:
Tattnall County Development Authority Telfair County Hospital Authority Terrell County Airport Authority Tift County Hospital Authority Tri-City Housing Authority Tri-County Joint E-911 Authority Tri-County Joint E-911 Development Authority Twiggs County Recreation Authority Tybee Island (Downtown) Development Authority Unadilla Arena and Tourism Authority Urban Redevelopment Agency of Euharlee, Georgia Urban Residential Finance Authority of the City of Atlanta, Georgia Villa Rica Development Authority Walton County Hospital Authority White County Water and Sewerage Authority Wilcox County Industrial Development Authority Woodbine Downtown Development Authority Wrightsville Development Authority, Inc. 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: *

2014

2012

2010

2008

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 2014, 2012, 2010 or 2008 surveys.

Page A-13

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 Marietta Milledgeville Moultrie Peachtree City Savannah Thomasville Tifton
Counties 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 Funds

Alternative Investments

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

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

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

U.S. Government Bonds, Notes, and
Warrants

U.S. Government Guaranteed
Loans

State Taxable Bonds, Notes, or Warrants

Subtotal to Page B-2

9/5/2016 6/30/2016 6/30/2016 6/30/2016 6/30/2016 6/30/2016 6/30/2016 6/30/2016 6/30/2015 12/31/2015 6/30/2016 12/16/2016 9/30/2015 6/30/2016 6/30/2016 6/30/2015 6/30/2015 6/30/2016 8/31/2016 8/18/2016 12/31/2015 6/30/2016 6/30/2015

96.20 58.25 68.25 68.89
100.00 12.30 51.18 100.00 100.00 95.00 11.00 97.40 100.00 15.00 95.20
100.00
48.00

1.60

64.30

3.80

2.00

22.88

2.56

12.42

2.15

12.71

63.90

70.40

17.44

52.30

78.00

45.70

47.70

9.00

38.00

45.00

23.30
7.00 1.10 11.20

4.10 8.19 8.11 8.49 27.80
5.01
6.60
4.90 21.00 10.00

0.67

0.27

3.47

0.29

3.50

0.26

10.90 9.00

93.30 100.00 92.26 95.10 96.00 63.90 98.20 100.00 12.30 73.63 100.00 100.00 95.00 69.90 97.40 100.00 100.00 95.20 62.60 100.00 79.90 95.00 64.00

6/30/2016 6/30/2016 8/31/2016 6/30/2016 6/30/2016 6/30/2016 12/31/2014 6/30/2015 12/31/2015 12/31/2015 6/30/2016 6/30/2016 6/30/2016 12/31/2015 12/31/2015 12/31/2015

85.22
9.00
100.00 99.74 89.00 97.00 27.95
4.80 95.00 90.56

54.10 13.62
26.00 62.20
11.00
5.61 81.87 44.80
3.36

15.40 11.30
4.38 14.50

9.20

78.70

98.84

0.00

10.00

45.00

73.50

100.00

99.74

100.00

97.00

4.93

0.36

38.85

9.50

95.75

7.90

5.90

77.90

95.00

93.92

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 Marietta Milledgeville Moultrie Peachtree City Savannah Thomasville Tifton
Counties 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

Bonds, Debentures,

Collaterized mortgage Notes, and other evidence

obligations that are listed as of indebtedness issued, Loans that are

investment grade by a

assumed, or guaranteed

secured by

nationally recognized rating by any U.S. or Canadian pledge or eligible

agency

solvent institution

securities

Mortgage or mortgage
participations

Real Estate Cash and

Investment

cash

Trusts Equivalents

Other

93.30 100.00 92.26 95.10 96.00 63.90 98.20 100.00 12.30 73.63 100.00 100.00 95.00 69.90 97.40 100.00 100.00 95.20 62.60 100.00 79.90 95.00 64.00

3.00

3.01

0.50

0.80

0.61

0.83

0.60

74.50 18.36

27.00

1.70

6.70

14.90

7.50

13.00

0.40

2.90

0.40

1.55

2.68

0.77

2.72

0.49

2.08

36.10

1.80

6.70

6.50

8.01

5.00 3.10 2.60

4.80 14.10

11.30

1.30

5.00

22.00

1.00

78.70

16.30

2.40

98.84

0.00

45.00

23.00

23.00

4.00

73.50

26.30

100.00

99.74

100.00

97.00

38.85

8.13

95.75

77.90

4.70

7.70

1.70

1.80

95.00

93.92

0.00

0.00

1.30

1.30

1.16

5.00 0.20

0.26

3.00

1.13

0.70

4.14

47.05

0.05

4.20

4.40

1.80

5.00

5.42

0.66

100.00

100.00

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 0.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00

Page B-2

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

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

Most Recent As of

Mutual Funds/ Similar Asset
Pools

Exchange Traded Funds

Alternative Investments

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

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

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

U.S. Government Bonds, Notes, and
Warrants

U.S. Government Guaranteed
Loans

State Taxable Bonds, Notes, or Warrants

Subtotal to Page B-2

6/30/2016 7/31/2016 7/31/2016 8/19/2016 6/30/2016 6/30/2016 6/30/2016

35.92 10.20 21.00 15.00 52.18 64.90 64.63

10.69 26.00

27.42

73.70

52.60

30.00

9.00

10.63

1.09

6.12

1.58

9.65

9.70 19.80

2.07
6.00 9.69 5.29 11.00

2.43

78.53

93.60

93.40

86.00

73.59

77.89

85.28

Local Boards of Education Fulton County Board of Education Gwinnett County Board of Education Polk County Board of Education

6/30/2016 12/31/2015 12/31/2015

99.30 4.00 89.50

0.70

64.00

1.00

18.00

100.00

6.00

93.00

89.50

Regional Commissions Atlanta Regional Commission Southwest Georgia Regional Commission

12/31/2015 8/17/2016

97.00 52.00

2.00

99.00

52.00

Local Authorities

Atlanta Housing Authority, City of

Did not respond to investment survey.

Austell Gas System

5/31/2016

36.00

Carroll County Water Authority

6/30/2016

30.62

Cobb County-Marietta Water Authority

3/31/2016

61.10

Floyd County Hospital Authority

12/31/2015

92.10

Fulton-DeKalb Hospital Authority

12/31/2016

20.00

74.00

1.00

LaGrange-Troup County Hospital Authority

12/31/2015

98.80

Macon Water Authority Macon-Bibb County Transit Authority

9/30/2016 6/30/2016

30.90

58.30

7.80

51.90

MARTA-Union

6/30/2016

48.98

10.18

3.68

16.67

9.68

MARTA-Non-Represented

6/30/2016

37.40

39.40

Newnan Water and Light Commission

12/31/2015

95.00

5.00

Polk County Water, Sewage and Solid Waste Authority 11/2/2016

97.30

The Medical Center Hospital Authority

6/30/2015

59.69

31.35

Valdosta/Lowndes County Hospital Authority

Did not respond to investment survey.

Walker County Water and Sewerage Authority

12/31/2015

Washington County Memorial Hospital

8/31/2015

100.00

20.00
5.30 11.40 3.63

0.00

56.00

30.62

61.10

92.10

95.00

98.80

8.00

79.40

94.20

0.12

92.94

76.80

100.00

97.30

91.04

0.00

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 Macon-Bibb County Macon-Bibb County Division A Macon-Bibb County Fire and Police Ret. System

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, Loans that are

assumed, or guaranteed

secured by

by any U.S. or Canadian pledge or eligible

solvent institution

securities

Mortgage or mortgage
participations

Real Estate Cash and

Investment

cash

Trusts Equivalents

Other

78.53 93.60 93.40 86.00 73.59 77.89 85.28

5.25

0.72

1.00

1.00

20.98

0.96

16.30

0.20

4.29

8.77

6.17

7.57

1.76

5.50

0.90

6.20

0.40

5.00

3.00

4.00

2.10

2.37

2.55

3.06

1.66

Local Boards of Education Fulton County Board of Education Gwinnett County Board of Education Polk County Board of Education

100.00 93.00 89.50

4.00

2.00

1.00

10.50

Regional Commissions Atlanta Regional Commission Southwest Georgia Regional Commission

99.00 52.00

1.00 48.00

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, Sewage and Solid Waste Authority The Medical Center Hospital Authority Valdosta/Lowndes County Hospital Authority Walker County Water and Sewerage Authority Washington County Memorial Hospital

0.00 56.00 30.62 61.10 92.10 95.00 98.80 79.40 94.20 92.94 76.80 100.00 97.30 91.04 0.00 0.00 100.00

35.00

1.90

3.60

3.83

0.01

17.30

9.00

69.38

2.10

0.70

36.10

1.90

6.00

5.00

1.20

15.10

5.80

0.94

0.52

0.28

1.48

5.40

0.50

2.70 8.96

100.00

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
0.00 100.00 100.00 100.00 100.00 100.00 100.00
100.00 100.00 100.00 100.00 100.00 0.00 100.00 100.00

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
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 Retirement Plan, City of Blakely-Early County Department of Recreation Retirement Plan 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

ACTUARIAL VALUE OF PLAN ASSETS
$306,139 7,292,167 3,026,047 11,018,664
354,434 118,762,313
3,721,251 59,369,400 11,820,772
481,842 2,484,009 644,649,000
1,084,009,929 126,601,083 983,385,000 199,406 1,281,820 8,747,527 1,616,949 9,652,567 8,126,888 3,954,371 102,220 1,393,127 1,778,933 5,542,708
116,898 1,406,168 1,294,363 1,731,586
261,779 2,966,699
290,281 167,189 8,240,435 612,490 1,286,522 8,122,383
Page C1-1

ACTUARIAL ACCRUED LIABILITY
$413,780 8,471,985 3,017,839 12,550,980
317,098 175,702,339
5,437,498 69,211,351 14,041,523
327,189 2,657,728 822,922,544
1,874,709,577 623,424,181
1,247,457,987 188,123
1,316,070 8,397,541 2,043,289 11,371,986 8,631,596 4,146,059
99,811 1,610,404 1,810,569 6,634,929
68,608 1,529,670 1,503,445 1,848,944
348,760 3,259,699
279,494 208,402 15,813,562 653,643 932,804 12,385,088

FUNDED RATIO
73.99% 86.07% 100.27% 87.79% 111.77% 67.59% 68.44% 85.78% 84.18% 147.27% 93.46% 78.34%
57.82% 20.31% 78.83% 106.00% 97.40% 104.17% 79.13% 84.88% 94.15% 95.38% 102.41% 86.51% 98.25% 83.54%
170.39% 91.93% 86.09% 93.65% 75.06% 91.01%
103.86% 80.22% 52.11% 93.70%
137.92% 65.58%

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

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

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

ACTUARIAL
VALUE OF
PLAN ASSETS
811,723 7,237,861 9,647,022 9,773,891 *1 5,974,585
129,099 9,816,227
117,316 20,770,437 38,259,509
651,483 11,961,471
4,517,099 16,073,360
2,561,171 91,885
2,022,512 1,714,963 2,524,542 2,591,095
975,017 570,839 3,421,937 68,233,674 1,185,298 307,644 9,341,196 12,404,827 10,752,769 3,993,222 33,940,353 15,019,196 1,206,399 1,156,336 4,907,011 3,455,832 84,855,913 175,881 1,242,097 379,845 3,413,127

Page C1-2

ACTUARIAL
ACCRUED
LIABILITY
824,677 8,767,843 11,514,647 10,236,821
486,329 6,195,740
177,963 11,544,232
175,676 24,600,713 47,853,600
642,188 15,432,496
3,842,409 16,243,707
2,578,592 103,291
2,105,541 1,822,756 2,690,703 3,635,193 1,386,016
671,522 3,622,654 85,111,296 1,615,303
329,660 8,597,767 15,602,066 11,300,307 4,718,306 47,989,850 15,514,446 1,206,989 1,386,142 5,625,995 3,886,484 114,300,901
165,813 1,382,838
495,325 3,489,440

FUNDED
RATIO
98.43% 82.55% 83.78% 95.48% *1 96.43% 72.54% 85.03% 66.78% 84.43% 79.95% 101.45% 77.51% 117.56% 98.95% 99.32% 88.96% 96.06% 94.09% 93.82% 71.28% 70.35% 85.01% 94.46% 80.17% 73.38% 93.32% 108.65% 79.51% 95.15% 84.63% 70.72% 96.81% 99.95% 83.42% 87.22% 88.92% 74.24% 106.07% 89.82% 76.69% 97.81%

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

NAME OF GOVERNMENT
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 Flowery Branch Retirement Plan, City of *2 Forsyth Retirement Plan, City of Fort Oglethorpe Retirement Plan, City of Fort Valley Retirement Plan, City of Franklin Retirement Plan, City of Gainesville Retirement Plan A, City of Gainesville Retirement Plan, City of Garden City Retirement Plan, City of Gibson Retirement Plan, City of Glennville Retirement Plan, City of Gordon Retirement Plan, City of 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

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

ACTUARIAL
VALUE OF
PLAN ASSETS
380,321 38,657,703
962,134 761,035 2,836,848 15,352,954 31,778,400 27,739,131 21,564,545 6,171,781 706,982 83,584,374 3,091,426 3,529,533 19,107,345 857,005 766,876 642,076 174,948 11,601,403 12,535,466 9,891,975 112,310 4,838,455 6,395,648 3,576,972 581,501 83,341,309 5,922,077 6,051,869
74,993 1,858,081 1,479,127
793,102 2,984,192
435,991 55,952,261
2,542,626 466,675 198,844 703,473
3,108,094

Page C1-3

ACTUARIAL
ACCRUED
LIABILITY
422,521 47,793,241 1,296,451
755,235 3,039,962 17,143,477 36,018,828 26,800,378 24,454,148 6,393,962
664,787 118,177,465
3,729,458 3,631,759 16,512,244 1,089,005
628,689 605,646 111,338 11,269,366 15,871,884 10,632,118 527,110 5,289,000 7,694,132 4,365,778 598,301 128,689,509 6,678,835 7,550,588
48,759 2,035,911 1,609,069
908,212 3,019,982
541,955 68,050,546
2,662,730 417,916 165,007 778,860
3,399,432

FUNDED
RATIO
90.01% 80.89% 74.21% 100.77% 93.32% 89.56% 88.23% 103.50% 88.18% 96.53% 106.35% 70.73% 82.89% 97.19% 115.72% 78.70% 121.98% 106.02% 157.13% 102.95% 78.98% 93.04% 21.31% 91.48% 83.12% 81.93% 97.19% 64.76% 88.67% 80.15% 153.80% 91.27% 91.92% 87.33% 98.81% 80.45% 82.22% 95.49% 111.67% 120.51% 90.32% 91.43%

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

NAME OF GOVERNMENT
Hapeville Retirement Plan, City of Harlem Retirement Plan, City of Hartwell Retirement Plan, City of Hawkinsville Retirement Plan, City of Hazlehurst Retirement Plan, City of Hephzibah Retirement Plan, City of Hiawassee Retirement Plan, City of Hinesville Retirement Plan, City of Hiram Retirement Plan, City of Hogansville Retirement Plan, City of Holly Springs Retirement Plan, City of Jackson Retirement Plan, City of Jasper Retirement Plan, City of Jefferson Retirement Plan, City of Jeffersonville Retirement Plan, City of Jesup Retirement Plan, City of Jonesboro Retirement Plan, City of Kennesaw Retirement Plan, City of Kingsland Retirement Plan, City of LaFayette Retirement Plan, City of LaGrange Retirement Plan, City of Lake City Retirement Plan, City of Lake Park Retirement Plan, City of 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 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-Helena Retirement Plan, City of *2 Menlo Retirement Plan, City of Midville Retirement Plan, City of

ADMINISTRATOR
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 GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS

ACTUARIAL
VALUE OF
PLAN ASSETS
25,354,312 1,468,561 5,072,138 3,108,486 3,148,490 564,528 1,010,503
16,591,159 803,278
2,215,751 1,234,239 6,933,056 3,063,691 3,408,870
330,068 9,989,771 2,444,844 13,232,554 9,953,760 10,546,619 33,467,679 1,835,705
473,440 2,911,426 1,027,914
177,566 526,651 680,389 2,117,407 9,729,794 945,161 2,699,392 654,187 2,090,714 10,378,538 3,741,444 95,046,107 250,411 6,414,276 2,669,165 126,820
97,082

Page C1-4

ACTUARIAL
ACCRUED
LIABILITY
23,847,487 2,022,931 5,548,010 3,263,364 2,519,503 633,587 1,213,328
18,209,607 965,569
2,260,790 1,118,095 7,204,622 3,026,565 3,672,572
404,544 11,769,985
2,480,911 15,421,046 10,353,980 11,577,110 41,060,117
1,958,515 534,436
2,725,435 1,089,779
211,184 588,719 432,431 2,311,141 10,683,359 1,152,422 2,934,804 696,921 2,321,293 10,154,872 4,241,170 161,782,000 322,508 10,069,981 3,177,774 152,616 124,686

FUNDED
RATIO
106.32% 72.60% 91.42% 95.25%
124.96% 89.10% 83.28% 91.11% 83.19% 98.01%
110.39% 96.23%
101.23% 92.82% 81.59% 84.87% 98.55% 85.81% 96.13% 91.10% 81.51% 93.73% 88.59%
106.82% 94.32% 84.08% 89.46%
157.34% 91.62% 91.07% 82.02% 91.98% 93.87% 90.07%
102.20% 88.22% 58.75% 77.64% 63.70% 83.99% 83.10% 77.86%

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

NAME OF GOVERNMENT
Midway Retirement Plan, City of Milledgeville Retirement Plan, City of 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

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

ACTUARIAL
VALUE OF
PLAN ASSETS
524,948 15,500,864
2,602,921 4,309,725 18,448,602 4,360,233 2,663,422 12,917,240 12,549,462
555,018 658,151 199,840 357,411 2,100,571 17,095,023 524,387 121,543 9,490,514 2,603,137 1,340,155 941,985 855,654 2,655,925 199,101 25,849,081 2,902,541 1,235,573 11,019,608 877,244 12,861,386 6,474,852 125,387 2,926,262 3,448,808 804,730 847,293 625,513 218,189 7,414,049 1,485,305 791,849 773,759

Page C1-5

ACTUARIAL
ACCRUED
LIABILITY
532,986 17,962,128
2,669,405 4,281,379 23,687,246 4,813,535 2,703,435 12,933,050 11,516,963
714,387 720,146 209,444 329,231 2,313,445 18,659,518 517,912 151,758 10,386,892 4,361,959 1,448,748 991,526 1,208,256 3,097,635 202,084 30,998,855 3,328,935 1,352,006 11,054,343 969,774 16,905,514 5,534,645 183,410 2,923,721 3,880,056 965,138 887,577 677,655 274,018 7,014,645 1,606,918 879,800 881,116

FUNDED
RATIO
98.49% 86.30% 97.51% 100.66% 77.88% 90.58% 98.52% 99.88% 108.97% 77.69% 91.39% 95.41% 108.56% 90.80% 91.62% 101.25% 80.09% 91.37% 59.68% 92.50% 95.00% 70.82% 85.74% 98.52% 83.39% 87.19% 91.39% 99.69% 90.46% 76.08% 116.99% 68.36% 100.09% 88.89% 83.38% 95.46% 92.31% 79.63% 105.69% 92.43% 90.00% 87.82%

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

NAME OF GOVERNMENT
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 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

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

ACTUARIAL
VALUE OF
PLAN ASSETS
4,886,182 68,109,684
1,320,168 70,782,811
1,085,141 5,714,088 312,185,321 *1
977,164 525,304 205,665 46,554,870 1,800,175 2,619,810 1,120,559 953,152 833,643 22,786,547 7,480,805 3,457,629 9,278,783 7,016,426 7,434,705 4,347,718 6,705,941 3,782,570 588,414 793,821 8,598,098 35,033,166 7,356,595 1,324,219 18,669,756 16,807,887 5,205,208 6,744,037 1,683,035 14,185,176 887,266 39,469,502 6,383,768 3,688,372

Page C1-6

ACTUARIAL
ACCRUED
LIABILITY
5,747,979 78,712,484
1,658,360 80,007,839
1,514,506 6,595,903 396,645,912
*1 1,034,634
579,415 169,477 54,422,673 864,749 2,570,129 1,109,676 1,030,642 906,504 19,123,972 7,620,909 3,241,227 10,159,545 4,638,709 6,413,083 5,190,194 7,269,531 4,162,149 616,751 601,411 9,953,376 33,945,857 7,957,287 1,617,956 34,558,164 16,617,470 5,456,922 7,457,267 1,719,543 18,826,063 941,153 74,765,748 7,576,705 4,144,922

FUNDED
RATIO
85.01% 86.53% 79.61% 88.47% 71.65% 86.63% 78.71% *1 94.45% 90.66% 121.35% 85.54% 208.17% 101.93% 100.98% 92.48% 91.96% 119.15% 98.16% 106.68% 91.33% 151.26% 115.93% 83.77% 92.25% 90.88% 95.41% 131.99% 86.38% 103.20% 92.45% 81.85% 54.02% 101.15% 95.39% 90.44% 97.88% 75.35% 94.27% 52.79% 84.26% 88.99%

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

NAME OF GOVERNMENT Villa Rica Retirement Plan, City of Wadley Retirement Plan, City of Waleska Retirement Plan, City of Walthourville Retirement Plan, City of Warm Springs Retirement Plan, City of Warner Robins Retirement Plan, City of Warrenton Retirement Plan, City of Washington Retirement Plan, City of Waycross Retirement Plan, City of Waynesboro Retirement Plan, City of West Point Retirement Plan, City of Whigham Retirement Plan, City of White Retirement Plan, City of Whitesburg Retirement Plan, City of Willacoochee Retirement Plan, City of Winder Retirement Plan, City of Woodbine Retirement Plan, City of Woodbury Retirement Plan, City of Woodstock Retirement Plan, City of Wrens Retirement Plan, City of Wrightsville Retirement Plan, City of
Combined Cities
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 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

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

ACTUARIAL VALUE OF PLAN ASSETS
5,273,642 1,153,262
68,173 464,032 309,867 96,740,891 1,061,253 6,807,815 18,329,085 2,900,063 6,647,445 189,602 343,450 462,583 576,233 13,449,817 1,321,272 770,008 8,450,099 2,238,210 308,582
5,428,514,656
8,838,909 1,159,294
15,497,778 769,134
20,172,525 53,627,012
4,161,172 2,395,786 3,184,926 8,606,076 17,389,711 7,419,334 2,530,120 3,430,367 204,832,365 56,981,692

Page C1-7

ACTUARIAL ACCRUED LIABILITY 5,656,024 1,052,199 41,253 491,812 300,605 97,096,738 713,750 7,045,620 23,133,857 3,363,409 8,797,094 196,919 347,034 468,441 809,160 18,084,891 1,135,411 864,144 9,066,667 2,385,000 399,546
7,749,847,479
10,182,997 1,618,133
25,178,260 830,271
25,059,824 80,909,159
6,037,085 2,860,782 3,893,061 12,353,100 27,684,357 11,464,132 3,189,838 4,414,827 266,650,838 101,356,553

FUNDED RATIO 93.24% 109.60% 165.26% 94.35% 103.08% 99.63% 148.69% 96.62% 79.23% 86.22% 75.56% 96.28% 98.97% 98.75% 71.21% 74.37% 116.37% 89.11% 93.20% 93.85% 77.23%
70.05%
86.80% 71.64%
61.55% 92.64% 80.50% 66.28% 68.93% 83.75% 81.81% 69.67% 62.81% 64.72% 79.32% 77.70% 76.82% 56.22%

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

NAME OF GOVERNMENT
Clayton County Pension Plan Clinch County Pension Plan Cobb County Board of
Commissioners Retirement Income Plan Coffee County Pension Plan Colquitt County Pension Plan Coweta County Pension Plan Crawford County Pension Plan Crisp County Pension Plan Dawson County Pension Plan Decatur County Pension Plan DeKalb County Pension Plan Dodge County Pension Plan Dooly County Pension Plan Dougherty County Pension Plan Douglas County Retirement Plan Douglas County Employee Defined Benefit Plan Early Co Department of Public Safety Early County Pension Plan 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

ADMINISTRATOR
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 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

ACTUARIAL
VALUE OF
PLAN ASSETS
386,601,668 791,254
541,736,790 11,125,059 13,344,857 51,462,443 2,342,224 13,058,507 4,609,652 8,068,058
1,242,702,809 922,699
1,586,168 51,318,808 41,728,638 *1
2,067,439 2,289,754 8,592,094 13,800,419 1,833,263 8,738,363 39,991,000 49,206,297 13,527,598 7,404,158 1,256,554,200 82,899,877 2,954,958 4,261,397 933,994,000 6,426,047 16,975,992 4,284,393 5,196,364 9,606,400 2,731,520 116,201,693 69,687,695 11,139,923 2,856,620

Page C1-8

ACTUARIAL
ACCRUED
LIABILITY
543,816,709 989,005
1,009,050,644 13,452,778 17,773,128 78,397,023 2,539,433 18,022,541 5,012,261 11,049,584
2,068,672,798 1,266,403 3,046,290
57,467,800 72,519,987
*1 2,339,756 2,718,082 6,003,650 15,716,022 3,283,741 11,179,763 35,292,404 58,853,911 19,107,795 8,961,212 1,677,001,812 96,512,327 3,799,474 5,654,070 1,168,107,340 7,478,861 49,989,849 5,327,708 6,164,868 13,303,000 3,149,455 165,411,658 92,724,643 14,574,917 2,870,850

FUNDED
RATIO
71.09% 80.01%
53.69% 82.70% 75.08% 65.64% 92.23% 72.46% 91.97% 73.02% 60.07% 72.86% 52.07% 89.30% 57.54% *1 88.36% 84.24% 143.11% 87.81% 55.83% 78.16% 113.31% 83.61% 70.80% 82.62% 74.93% 85.90% 77.77% 75.37% 79.96% 85.92% 33.96% 80.42% 84.29% 72.21% 86.73% 70.25% 75.16% 76.43% 99.50%

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

NAME OF GOVERNMENT
Jeff Davis County Pension Plan Jenkins County Pension Plan Jones County Pension Plan Lamar County Pension Plan Laurens County Pension Plan Lee County Pension Plan Liberty County, 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 Pension 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

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

ACTUARIAL
VALUE OF
PLAN ASSETS
3,565,858 2,662,113 7,818,450 3,766,808 9,344,654 4,162,539 17,356,528 2,661,385 33,330,218 2,487,296 6,375,838
620,091 7,646,047 3,272,052 1,176,142 5,899,868 19,474,231 10,675,116 8,835,111 3,528,220 13,966,745 2,661,992 30,158,049 9,138,411 5,037,087
13,734,330 1,566,297
10,573,997 5,880,567
48,514,365 212,283
2,381,301 20,555,855
2,250,320 5,330,759 1,924,770 12,920,554 23,021,522 4,272,965
830,863 31,469,738

Page C1-9

ACTUARIAL
ACCRUED
LIABILITY
4,192,710 3,411,545 10,813,833 4,643,808 11,748,985 6,308,150 27,520,357 3,453,614 50,135,612 3,713,972 8,652,423
854,727 8,842,332 4,449,804 1,507,718 6,943,584 23,382,933 11,520,491 9,618,499 6,632,576 22,104,688 2,924,079 38,311,078 10,982,065 7,786,313
14,635,233 1,665,289
13,480,562 8,259,455
63,965,222 361,587
2,980,512 27,344,723
3,711,639 6,873,467 2,431,139 14,571,236 29,742,028 5,186,572 1,110,921 41,982,823

FUNDED
RATIO
85.05% 78.03% 72.30% 81.11% 79.54% 65.99% 63.07% 77.06% 66.48% 66.97% 73.69% 72.55% 86.47% 73.53% 78.01% 84.97% 83.28% 92.66% 91.86% 53.20% 63.18% 91.04% 78.72% 83.21% 64.69%
93.84% 94.06% 78.44% 71.20% 75.84% 58.71% 79.90% 75.17% 60.63% 77.56% 79.17% 88.67% 77.40% 82.39% 74.79% 74.96%

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

NAME OF GOVERNMENT Turner County Pension Plan Upson County Pension Plan Walker County Commissioners' & Sheriff's
Department Defined Benefit Pension Plan Walton County Pension Plan Ware County Pension Plan Warren County Pension Plan Washington County Pension Plan Whitfield County Pension Plan Wilcox County Pension Plan Wilkes County Pension Plan Wilkinson County Pension Plan
Combined Counties
CONSOLIDATED GOVERNMENTS
Athens-Clarke County Employees' Pension Plan Augusta City Employees Pension Plan Augusta Firemen's Pension Fund Augusta General Retirement Plan 1949 Augusta Policemen's Pension Fund Augusta Richmond County Retirement Plan Augusta Richmond County
Planning Commission Retirement Plan Columbus Consolidated Government
Employees' Pension Plan Columbus Consolidated Government Plan for
Employees of the Department of Public Safety Georgetown-Quitman Unified County Retirement Plan Macon-Bibb County Fire & Police Retirement System *4 Macon-Bibb County Pension Plan *5 Macon-Bibb County Pension Plan Division A *4 Richmond County Emplyee Pension Fund 1945
Combined Consolidated Governments
REGIONAL COMMISSIONS
Atlanta RC Retirement Plan Coastal Georgia RC Retirement Plan Georgia Mountains RC Retirement Plan Heart of Georgia - Altamaha RC Retirement Plan Middle Georgia RC Retirement Plan

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

ACTUARIAL VALUE OF PLAN ASSETS
4,576,431 6,847,475
5,193,452 12,248,456
2,323,151 925,958
9,537,966 31,819,937
1,217,917 2,295,300 4,369,324
5,938,034,001
199,516,376 *1 *1 67,919,808 *1
122,921,140
3,319,272
175,066,257
198,380,505 150,229
218,394,110 111,617,613
79,441,644 6,318,083
1,183,045,037

Single-Employer GMEBS GMEBS GMEBS GMEBS

47,502,835 1,852,360 5,883,327 3,676,068 7,509,817
Page C1-10

ACTUARIAL ACCRUED LIABILITY 5,530,070 8,145,444
8,443,129 15,833,576
3,082,339 1,164,042 12,570,526 35,682,730 1,606,106 3,364,332 5,227,808
8,591,695,175
225,899,360 *1 *1
90,180,914 *1
135,660,146
3,017,245
207,816,669
268,076,639 198,584
225,535,679 158,534,256
99,237,617 8,204,148
1,422,361,257
42,653,513 2,117,179 6,190,070 3,679,342 8,018,134

FUNDED RATIO 82.76% 84.07%
61.51% 77.36% 75.37% 79.55% 75.88% 89.17% 75.83% 68.22% 83.58%
69.11%
88.32% *1 *1
75.32% *1
90.61%
110.01%
84.24%
74.00% 75.65% 96.83% 70.41% 80.05% 77.01%
83.17%
111.37% 87.49% 95.04% 99.91% 93.66%

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

NAME OF GOVERNMENT Northeast Georgia RC Retirement Plan Northwest Georgia RC Retirement Plan Southern Georgia RC Retirement Plan Southwest Georgia RC Retirement Plan
Combined Regional Commissions
LOCAL BOARDS OF EDUCATION *6
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
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 & Sewerage Authority Cobb County-Marietta Water Authority Columbus Medical Center Hospital Authority Conyers Housing Authority, City of Covington Housing Authority 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 Utility Commission Fulton-DeKalb Hospital Authority Haralson County Water Authority Heard County Water Authority Henry County Water & Sewer Authority Hospital Authority of Washington County *7 Housing Authority of the City of Clayton

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

ACTUARIAL VALUE OF PLAN ASSETS
4,725,313 7,466,297 9,982,179 1,016,994
89,615,190
355,032,000 1,836,551,701
3,501,643
2,195,085,344
39,007,006 12,677,966
3,066,697 3,211,978 2,129,988 15,502,486 30,600,000 22,065,900
755,964 248,709
30,095,462 1,103,205 722,591 1,030,311 5,723,124 1,436,910
27,421,080 7,123,281
212,214,541 864,745 521,648
29,695,139 *3
156,737

Page C1-11

ACTUARIAL ACCRUED LIABILITY 4,486,245 7,519,692 11,470,064 1,700,725
87,834,964
477,926,000 1,776,318,834
5,932,073
2,260,176,907
44,867,670 17,896,998
4,425,392 2,907,898 2,453,912 20,146,775 31,230,000 20,777,700
883,478 674,439
28,046,165 1,159,930 583,620 1,374,800 7,620,330 1,977,451
33,765,022 7,258,409
262,937,104 1,055,889 555,480
32,840,063 *3 300,394

FUNDED RATIO 105.33% 99.29% 87.03% 59.80%
102.03%
74.29% 103.39%
59.03%
97.12%
86.94% 70.84%
69.30% 110.46%
86.80% 76.95% 97.98% 106.20% 85.57% 36.88%
107.31% 95.11%
123.81% 74.94% 75.10% 72.66% 81.21% 98.14% 80.71% 81.90% 93.91% 90.42%
*3 52.18%

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

NAME OF GOVERNMENT Jackson County Water and Sewerage Authority *2 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 Mount Vernon Housing Authority Newnan Water and Light Commission Northeast Georgia Housing Authority Polk County Water, Sewage and Solid Waste 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 Walker County Water and Sewerage Authority
Combined Local Authorities
Combined Totals

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

ACTUARIAL VALUE OF PLAN ASSETS
130,341 349,370 2,763,333 1,057,068 51,617,849 469,136 653,160 27,194,788 4,739,224
357,076,238
521,348,000 37,294
100,175 34,598,867
3,801,879 1,226,259 *3 4,130,539
268,687 487,990 *3 1,153,012 258,252 156,018 659,623 1,240,300
1,462,892,870
16,297,187,098

ACTUARIAL ACCRUED LIABILITY 758,695 381,749 3,105,687 805,505 61,547,816 619,452 696,232 38,179,667 8,907,978
480,792,965
517,319,000 224,739 138,375
31,925,034 3,923,919 1,469,351 *3 2,746,858 292,267 536,680 *3 1,554,082 132,592 153,022 583,307 1,909,818
1,684,443,709
21,796,359,491

FUNDED RATIO 17.18% 91.52% 88.98% 131.23% 83.87% 75.73% 93.81% 71.23% 53.20%
74.27%
100.78% 16.59% 72.39%
108.38% 96.89% 83.46% *3
150.37% 91.93% 90.93%
*3 74.19%
194.77% 101.96% 113.08%
64.94%
86.85%
74.77%

*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 - Newly created plan. *3 - Government has not submitted all information required and is not in compliance with O.C.G.A. 47-1-3. *4 - The City of Macon and Bibb County consolidated into one government in 2014. This plan was formerly a City of Macon Plan *5 - The City of Macon and Bibb County consolidated into one government in 2014. This plan was formerly a Bibb County Plan *6 - 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. *7 - Government is not in compliance with funding requirements of O.C.G.A. 47-1-3.
Page C1-12

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 Waleska Retirement Plan, City of Lithonia Retirement Plan, City of Enigma Retirement Plan, Town of Gibson Retirement Plan, City of Suwanee Retirement Plan, City of Warrenton Retirement Plan, City of Aragon Retirement Plan, City of Buena Vista Retirement Plan, City of Tennille Retirement Plan, City of Hazlehurst Retirement Plan, City of Ellijay Retirement Plan, City of Smithville Retirement Plan, City of Hagan Retirement Plan, City of Statesboro Retirement Plan, City of Centerville Retirement Plan, City of Port Wentworth Retirement Plan, City of Woodbine Retirement Plan, City of Swainsboro Retirement Plan, City of Elberton Retirement Plan, City of Alamo Retirement Plan, City of Guyton Retirement Plan, City of Holly Springs Retirement Plan, City of Wadley Retirement Plan, City of Moultrie Pension Plan, City of Commerce Retirement Plan, City of Nahunta Retirement Plan, City of Lavonia Retirement Plan, City of Stone Mountain Retirement Plan, City of East Ellijay Retirement Plan, City of Hapeville Retirement Plan, City of Danielsville Retirement Plan, City of Emerson Retirement Plan, City of Attapulgus Retirement Plan, City of Richmond Hill Retirement Plan, City of Austell Retirement Plan, City of Brooklet Retirement Plan, City of Douglasville 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 Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS

ACTUARIAL VALUE OF PLAN ASSETS
$1,800,175
116,898 68,173
680,389 174,948
74,993 7,016,426 1,061,253
481,842 1,286,522
793,821 3,148,490
766,876 205,665 198,844 22,786,547 4,517,099 6,474,852 1,321,272 7,434,705 19,107,345 354,434 466,675 1,234,239 1,153,262 12,549,462 9,341,196 357,411 2,911,426 3,457,629 706,982 25,354,312 175,881 642,076 199,406 7,414,049 8,747,527 290,281 27,739,131

Page C2-1

ACTUARIAL ACCRUED LIABILITY
$864,749
68,608 41,253 432,431 111,338 48,759 4,638,709 713,750 327,189 932,804 601,411 2,519,503 628,689 169,477 165,007 19,123,972 3,842,409 5,534,645 1,135,411 6,413,083 16,512,244 317,098 417,916 1,118,095 1,052,199 11,516,963 8,597,767 329,231 2,725,435 3,241,227 664,787 23,847,487 165,813 605,646 188,123 7,014,645 8,397,541 279,494 26,800,378

FUNDED RATIO
208.17%
170.39% 165.26% 157.34% 157.13% 153.80% 151.26% 148.69% 147.27% 137.92% 131.99% 124.96% 121.98% 121.35% 120.51% 119.15% 117.56% 116.99% 116.37% 115.93% 115.72% 111.77% 111.67% 110.39% 109.60% 108.97% 108.65% 108.56% 106.82% 106.68% 106.35% 106.32% 106.07% 106.02% 106.00% 105.69% 104.17% 103.86% 103.50%

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

NAME OF GOVERNMENT Thomasville Pension Plan, City of Warm Springs Retirement Plan, City of Fairburn Retirement Plan, City of Berlin Retirement Plan, City of Madison Retirement Plan, City of Social Circle Retirement Plan, City of Cave Spring Retirement Plan, City of Nicholls Retirement Plan, City of Jasper Retirement Plan, City of Toccoa Retirement Plan, City of Soperton Retirement Plan, City of Doerun Retirement Plan, City of Milton Retirement Plan, City of Adairsville Retirement Plan, City of Powder Springs Retirement Plan, City of Cuthbert Retirement Plan, City of Morrow Retirement Plan, City of Perry Retirement Plan, City of Warner Robins Retirement Plan, City of Chatsworth Retirement Plan, City of White Retirement Plan, City of Chamblee Retirement Plan, City of Greensboro Retirement Plan, City of Whitesburg Retirement Plan, City of Jonesboro Retirement Plan, City of Patterson Retirement Plan, City of Monticello Retirement Plan, City of Midway Retirement Plan, City of Butler Retirement Plan, City of Blairsville Retirement Plan, City of Stockbridge Retirement Plan, City of Hogansville Retirement Plan, City of Tyrone Retirement Plan, Town of Dawson Retirement Plan, City of Millen Retirement Plan, City of Auburn Retirement Plan, City of Franklin Retirement Plan, City of Eatonton Retirement Plan, City of Cumming Retirement Plan, City of Washington Retirement Plan, City of Duluth Retirement Plan, City of Camilla Retirement Plan, City of

ADMINISTRATOR 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 GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS

ACTUARIAL
VALUE OF
PLAN ASSETS 35,033,166 309,867 11,601,403 102,220 10,378,538 2,619,810 651,483 524,387 3,063,691 16,807,887 1,120,559 761,035 4,309,725 3,026,047 2,926,262 1,206,399 12,917,240 11,019,608 96,740,891 2,561,171 343,450 16,073,360 2,984,192 462,583 2,444,844 199,101 2,663,422 524,948 811,723 1,778,933 7,480,805 2,215,751 1,683,035 3,413,127 2,602,921 1,281,820 581,501 3,529,533 15,019,196 6,807,815 6,171,781 5,974,585

Page C2-2

ACTUARIAL
ACCRUED
LIABILITY 33,945,857 300,605 11,269,366 99,811 10,154,872 2,570,129 642,188 517,912 3,026,565 16,617,470 1,109,676 755,235 4,281,379 3,017,839 2,923,721 1,206,989 12,933,050 11,054,343 97,096,738 2,578,592 347,034 16,243,707 3,019,982 468,441 2,480,911 202,084 2,703,435 532,986 824,677 1,810,569 7,620,909 2,260,790 1,719,543 3,489,440 2,669,405 1,316,070 598,301 3,631,759 15,514,446 7,045,620 6,393,962 6,195,740

FUNDED
RATIO 103.20% 103.08% 102.95% 102.41% 102.20% 101.93% 101.45% 101.25% 101.23% 101.15% 100.98% 100.77% 100.66% 100.27% 100.09% 99.95% 99.88% 99.69% 99.63% 99.32% 98.97% 98.95% 98.81% 98.75% 98.55% 98.52% 98.52% 98.49% 98.43% 98.25% 98.16% 98.01% 97.88% 97.81% 97.51% 97.40% 97.19% 97.19% 96.81% 96.62% 96.53% 96.43%

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

NAME OF GOVERNMENT Whigham Retirement Plan, City of Jackson Retirement Plan, City of Kingsland Retirement Plan, City of Chickamauga Retirement Plan, City of Grovetown Retirement Plan, City of Calhoun Retirement Plan, City of Remerton Retirement Plan, City of Mount Zion Retirement Plan, City of Temple Retirement Plan, City of Trion Retirement Plan, Town of Baxley Retirement Plan, City of Hawkinsville Retirement Plan, City of Cordele Retirement Plan, City of Oglethorpe Retirement Plan, City of Cochran Retirement Plan, City of Senoia Retirement Plan, City of Walthourville Retirement Plan, City of Leesburg Retirement Plan, City of Union Point Retirement Plan, City of Barnesville Retirement Plan, City of Clarkesville Retirement Plan, City of Lumpkin Retirement Plan, City of Wrens Retirement Plan, City of Clarkston Retirement Plan, City of Lake City Retirement Plan, City of Buchanan Retirement Plan, City of Bowdon Retirement Plan, City of Ashburn Retirement Plan, City of Comer Retirement Plan, City of Donalsonville Retirement Plan, City of Villa Rica Retirement Plan, City of Woodstock Retirement Plan, City of Fitzgerald Retirement Plan, City of Jefferson Retirement Plan, City of Ocilla Retirement Plan, City of Springfield Retirement Plan, City of Thomson Retirement Plan, City of Rincon Retirement Plan, City of Reynolds Retirement Plan, City of Sylvester Retirement Plan, City of Louisville Retirement Plan, City of St. Marys Retirement Plan, City of

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

ACTUARIAL
VALUE OF
PLAN ASSETS 189,602
6,933,056 9,953,760 2,022,512 2,542,626 9,773,891
847,293 199,840 588,414 5,205,208 3,954,371 3,108,486 10,752,769 941,985 3,421,937 977,164 464,032 1,027,914 887,266 8,126,888 1,714,963 654,187 2,238,210 2,524,542 1,835,705 612,490 1,731,586 2,484,009 307,644 2,836,848 5,273,642 8,450,099 9,891,975 3,408,870 1,340,155 953,152 7,356,595 1,485,305 625,513 6,705,941 2,699,392 833,643

Page C2-3

ACTUARIAL
ACCRUED
LIABILITY 196,919
7,204,622 10,353,980
2,105,541 2,662,730 10,236,821
887,577 209,444 616,751 5,456,922 4,146,059 3,263,364 11,300,307 991,526 3,622,654 1,034,634 491,812 1,089,779 941,153 8,631,596 1,822,756 696,921 2,385,000 2,690,703 1,958,515 653,643 1,848,944 2,657,728 329,660 3,039,962 5,656,024 9,066,667 10,632,118 3,672,572 1,448,748 1,030,642 7,957,287 1,606,918 677,655 7,269,531 2,934,804 906,504

FUNDED
RATIO 96.28% 96.23% 96.13% 96.06% 95.49% 95.48% 95.46% 95.41% 95.41% 95.39% 95.38% 95.25% 95.15% 95.00% 94.46% 94.45% 94.35% 94.32% 94.27% 94.15% 94.09% 93.87% 93.85% 93.82% 93.73% 93.70% 93.65% 93.46% 93.32% 93.32% 93.24% 93.20% 93.04% 92.82% 92.50% 92.48% 92.45% 92.43% 92.31% 92.25% 91.98% 91.96%

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

NAME OF GOVERNMENT Bloomingdale Defined Benefit Plan, City of Gordon Retirement Plan, City of Locust Grove Retirement Plan, City of Newnan Retirement Plan, City of Forsyth Retirement Plan, City of Hampton Retirement Plan, City of Hartwell Retirement Plan, City of Mount Vernon Retirement Plan, City of Pembroke Retirement Plan, City of Norcross Retirement Plan, City of Summerville Retirement Plan, City of Glennville Retirement Plan, City of Hinesville Retirement Plan, City of LaFayette Retirement Plan, City of Loganville Retirement Plan, City of Bremen Retirement Plan, City of Tallapoosa Retirement Plan, City of Nashville Retirement Plan, City of Sky Valley Retirement Plan, City of Montezuma Retirement Plan, City of Pine Mountain Retirement Plan, Town of Tybee Island Retirement Plan, City of Hahira Retirement Plan, City of Lyons Retirement Plan, City of Dawsonville Retirement Plan, City of Roberta Retirement Plan, City of Darien Retirement Plan, City of Doraville Retirement Plan, City of Lincolnton Retirement Plan, City of Woodbury Retirement Plan, City of Hephzibah Retirement Plan, City of Vienna Retirement Plan, City of Chester Retirement Plan, City of Dallas Retirement Plan, City of Quitman Retirement Plan, City of Gainesville Retirement Plan, City of Lake Park Retirement Plan, City of Roswell Retirement Plan, City of Douglas Retirement Plan, City of Manchester Retirement Plan, City of Dublin Retirement Plan, City of Rochelle Retirement Plan, City of

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

ACTUARIAL
VALUE OF
PLAN ASSETS 1,406,168 1,479,127 2,117,407
17,095,023 4,838,455 3,108,094 5,072,138 658,151 1,235,573 9,490,514 9,278,783 1,858,081
16,591,159 10,546,619
9,729,794 2,966,699 3,782,570 2,100,571
525,304 4,360,233
877,244 6,744,037
703,473 2,090,714
380,321 791,849 1,242,097 15,352,954 526,651 770,008 564,528 3,688,372
91,885 3,455,832 3,448,808 5,922,077
473,440 70,782,811 31,778,400
3,741,444 21,564,545
773,759

Page C2-4

ACTUARIAL
ACCRUED
LIABILITY 1,529,670 1,609,069 2,311,141
18,659,518 5,289,000 3,399,432 5,548,010 720,146 1,352,006
10,386,892 10,159,545
2,035,911 18,209,607 11,577,110 10,683,359
3,259,699 4,162,149 2,313,445
579,415 4,813,535
969,774 7,457,267
778,860 2,321,293
422,521 879,800 1,382,838 17,143,477 588,719 864,144 633,587 4,144,922 103,291 3,886,484 3,880,056 6,678,835 534,436 80,007,839 36,018,828 4,241,170 24,454,148 881,116

FUNDED
RATIO 91.93% 91.92% 91.62% 91.62% 91.48% 91.43% 91.42% 91.39% 91.39% 91.37% 91.33% 91.27% 91.11% 91.10% 91.07% 91.01% 90.88% 90.80% 90.66% 90.58% 90.46% 90.44% 90.32% 90.07% 90.01% 90.00% 89.82% 89.56% 89.46% 89.11% 89.10% 88.99% 88.96% 88.92% 88.89% 88.67% 88.59% 88.47% 88.23% 88.22% 88.18% 87.82%

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

NAME OF GOVERNMENT Adel Retirement Plan, City of Gray Retirement Plan, City of Dahlonega Retirement Plan, City of Pelham Retirement Plan, City of Sandersville Retirement Plan, City of Rome Retirement Plan, City of Blackshear Retirement Plan, City of Thomaston Retirement Plan, City of Milledgeville Retirement Plan, City of Waynesboro Retirement Plan, City of Blue Ridge Retirement Plan, City of Acworth Retirement Plan, City of Kennesaw Retirement Plan, City of Alpharetta Retirement Plan, City of Palmetto Retirement Plan, City of Smyrna Retirement Plan, City of Canton Retirement Plan, City of Rockmart Retirement Plan, City of Cleveland Retirement Plan, City of Bainbridge Retirement Plan, City of Jesup Retirement Plan, City of Cornelia Retirement Plan, City of Carrollton Retirement Plan, City of Vidalia Retirement Plan, City of Americus Retirement Plan, City of Lenox Retirement Plan, City of McRae-Helena Retirement Plan, City of *1 Cairo Retirement Plan, City of Sylvania Retirement Plan, City of Blakely Retirement Plan, City of Dacula Retirement Plan, City of Peachtree City Retirement Plan, City of Reidsville Retirement Plan, City of Hiawassee Retirement Plan, City of Hiram Retirement Plan, City of Fort Oglethorpe Retirement Plan, City of Menlo Retirement Plan, City of Eastman Retirement Plan, City of Byron Retirement Plan, City of Griffin Retirement Plan, City of Lookout Mountain Retirement Plan, City of Fort Valley Retirement Plan, City of

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

ACTUARIAL
VALUE OF
PLAN ASSETS 11,018,664 793,102 4,907,011 2,902,541 5,714,088 68,109,684 1,393,127 8,598,098 15,500,864 2,900,063 1,294,363 7,292,167 13,232,554 59,369,400 2,655,925 46,554,870 9,816,227 4,886,182 570,839 9,652,567 9,989,771 3,993,222 20,770,437 6,383,768 11,820,772 177,566 2,669,165 9,647,022 4,347,718 5,542,708 1,156,336 25,849,081 804,730 1,010,503 803,278 6,395,648 126,820 3,091,426 7,237,861 55,952,261 945,161 3,576,972

Page C2-5

ACTUARIAL
ACCRUED
LIABILITY 12,550,980 908,212 5,625,995 3,328,935 6,595,903 78,712,484 1,610,404 9,953,376 17,962,128 3,363,409 1,503,445 8,471,985 15,421,046 69,211,351 3,097,635 54,422,673 11,544,232 5,747,979 671,522 11,371,986 11,769,985 4,718,306 24,600,713 7,576,705 14,041,523 211,184 3,177,774 11,514,647 5,190,194 6,634,929 1,386,142 30,998,855 965,138 1,213,328 965,569 7,694,132 152,616 3,729,458 8,767,843 68,050,546 1,152,422 4,365,778

FUNDED
RATIO 87.79% 87.33% 87.22% 87.19% 86.63% 86.53% 86.51% 86.38% 86.30% 86.22% 86.09% 86.07% 85.81% 85.78% 85.74% 85.54% 85.03% 85.01% 85.01% 84.88% 84.87% 84.63% 84.43% 84.26% 84.18% 84.08% 83.99% 83.78% 83.77% 83.54% 83.42% 83.39% 83.38% 83.28% 83.19% 83.12% 83.10% 82.89% 82.55% 82.22% 82.02% 81.93%

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

NAME OF GOVERNMENT Thunderbolt Retirement Plan, City of Jeffersonville Retirement Plan, City of LaGrange Retirement Plan, City of Decatur Employees' Retirement System Greenville Retirement Plan, City of Broxton Retirement Plan, City of College Park Retirement Plan, City of Garden City Retirement Plan, City of Nicholson Retirement Plan, City of Cartersville Retirement Plan, City of Riceboro Retirement Plan, City of Rossville Retirement Plan, City of Conyers Retirement Plan, City of Waycross Retirement Plan, City of Avondale Estates Retirement Plan, City of Fayetteville Retirement Plan, City of Atlanta Police Officers' Pension Fund Savannah Employees' Retirement Plan, City of Ellaville Retirement Plan, City of Atlanta Firefighters' Pension Fund Monroe Retirement Plan, City of Midville Retirement Plan, City of Mount Airy Retirement Plan, Town of Marshallville Retirement Plan, City of Cedartown Retirement Plan, City of Wrightsville Retirement Plan, City of Davisboro Retirement Plan, City of Pooler Retirement Plan, City of West Point Retirement Plan, City of Union City Retirement Plan, City of Bowman Retirement Plan, City of Winder Retirement Plan, City of Dalton Employees' Pension Plan, City of Demorest Retirement Plan, City of Abbeville Retirement Plan, City of Colquitt Retirement Plan, City of Harlem Retirement Plan, City of Canon Retirement Plan, City of Royston Retirement Plan, City of Claxton Retirement Plan, City of Willacoochee Retirement Plan, City of Oxford Retirement Plan, Town of

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

ACTUARIAL
VALUE OF
PLAN ASSETS 1,324,219 330,068
33,467,679 38,657,703
435,991 167,189 68,233,674 6,051,869 121,543 38,259,509 218,189 1,320,168 12,404,827 18,329,085 1,616,949 12,535,466 983,385,000 312,185,321 857,005 644,649,000 18,448,602
97,082 555,018 250,411 11,961,471 308,582 379,845 12,861,386 6,647,445 14,185,176 261,779 13,449,817 84,855,913 962,134 306,139 1,185,298 1,468,561 129,099 1,085,141 2,591,095 576,233 855,654

Page C2-6

ACTUARIAL
ACCRUED
LIABILITY 1,617,956 404,544
41,060,117 47,793,241 541,955 208,402
85,111,296 7,550,588 151,758
47,853,600 274,018
1,658,360 15,602,066 23,133,857
2,043,289 15,871,884 1,247,457,987 396,645,912
1,089,005 822,922,544
23,687,246 124,686 714,387 322,508
15,432,496 399,546 495,325
16,905,514 8,797,094
18,826,063 348,760
18,084,891 114,300,901
1,296,451 413,780
1,615,303 2,022,931
177,963 1,514,506 3,635,193
809,160 1,208,256

FUNDED
RATIO 81.85% 81.59% 81.51% 80.89% 80.45% 80.22% 80.17% 80.15% 80.09% 79.95% 79.63% 79.61% 79.51% 79.23% 79.13% 78.98% 78.83% 78.71% 78.70% 78.34% 77.88% 77.86% 77.69% 77.64% 77.51% 77.23% 76.69% 76.08% 75.56% 75.35% 75.06% 74.37% 74.24% 74.21% 73.99% 73.38% 72.60% 72.54% 71.65% 71.28% 71.21% 70.82%

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

NAME OF GOVERNMENT East Point Retirement Plan, City of Covington Retirement Plan, City of Clayton Employees' Retirement Plan Alma Retirement Plan, City of Portal Retirement Plan, Town of Albany Pension Plan, City of Carnesville Retirement Plan, City of Buford Retirement Plan, City of Gainesville Retirement Plan A, City of McDonough Retirement Plan, City of Oakwood Retirement Plan, City of Marietta General Pension Plan, City of Atlanta General Employees Pension Fund
General Employees of the City of Atlanta Tifton Retirement Plan, City of Valdosta Retirement Plan, City of Brunswick Retirement Plan, City of Flowery Branch Retirement Plan, City of *1 Atlanta General Employees Pension Fund
Employees of the Atlanta Board of Education Calhoun Retirement Plan, City of Savannah Pension Plan 2
Combined Cities

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

ACTUARIAL VALUE OF PLAN ASSETS
83,584,374 33,940,353
975,017 3,721,251
125,387 118,762,313
117,316 8,122,383 83,341,309 6,414,276 2,603,137 95,046,107
1,084,009,929 18,669,756 39,469,502 8,240,435 112,310
126,601,083 *2 *2
5,428,514,656

COUNTIES
Effingham County Pension Plan Fayette County Pension Plan Jasper County Pension Plan Pulaski County Pension Plan Polk County Board of Commissioners
Employees' Retirement Income Plan Morgan County Pension Plan Banks County Pension Plan Crawford County Pension Plan Dawson County Pension Plan Murray County Pension Plan Oglethorpe County Pension Plan Dougherty County Pension Plan Whitfield County Pension Plan Thomas County Pension Plan Early Co Department of Public Safety Elbert County Pension Plan

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

8,592,094 39,991,000
2,856,620 1,566,297
13,734,330 10,675,116
769,134 2,342,224 4,609,652 8,835,111 2,661,992 51,318,808 31,819,937 12,920,554 2,067,439 13,800,419

Page C2-7

ACTUARIAL ACCRUED LIABILITY 118,177,465 47,989,850 1,386,016 5,437,498 183,410 175,702,339 175,676 12,385,088 128,689,509 10,069,981 4,361,959 161,782,000
1,874,709,577 34,558,164 74,765,748 15,813,562 527,110
623,424,181 486,329 *2
7,750,261,259
6,003,650 35,292,404
2,870,850 1,665,289
14,635,233 11,520,491
830,271 2,539,433 5,012,261 9,618,499 2,924,079 57,467,800 35,682,730 14,571,236 2,339,756 15,716,022

FUNDED RATIO 70.73% 70.72% 70.35% 68.44% 68.36% 67.59% 66.78% 65.58% 64.76% 63.70% 59.68% 58.75%
57.82% 54.02% 52.79% 52.11% 21.31%
20.31% *2 *2
70.04%
143.11% 113.31%
99.50% 94.06%
93.84% 92.66% 92.64% 92.23% 91.97% 91.86% 91.04% 89.30% 89.17% 88.67% 88.36% 87.81%

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

NAME OF GOVERNMENT Appling County Pension Plan Heard County Pension Plan McDuffie County Pension Plan Habersham County Employees' Retirement Plan Glynn County Board of Commissioners Pension Plan Jeff Davis County Pension Plan Mitchell County Pension Plan Haralson County Pension Plan Early County Pension Plan Upson County Pension Plan Bleckley County Pension Plan Floyd County Pension Plan Wilkinson County Pension Plan Monroe County Pension Plan Peach County Pension Plan Turner County Pension Plan Coffee County Pension Plan Franklin County Pension Plan Toombs County Pension Plan Brooks County Pension Plan Lamar County Pension Plan Barrow County Pension Plan Hancock County Pension Plan Clinch County Pension Plan Gwinnett County Pension Plan Seminole County Pension Plan Warren County Pension Plan Laurens County Pension Plan Carroll County Pension Plan Telfair County Pension Plan Paulding County Pension Plan Putnam County Pension Plan Fannin County Pension Plan Jenkins County Pension Plan Miller County Pension Plan Grady County Pension Plan Charlton County Pension Plan Tattnall County Pension Plan Tift County Pension Plan Walton County Pension Plan Lincoln County Pension Plan Chatham County Employees' Retirement Plan

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

ACTUARIAL
VALUE OF
PLAN ASSETS 8,838,909 2,731,520 7,646,047 6,426,047
82,899,877 3,565,858 5,899,868 5,196,364 2,289,754 6,847,475 2,395,786
49,206,297 4,369,324
19,474,231 9,138,411 4,576,431
11,125,059 7,404,158 4,272,965 3,184,926 3,766,808
20,172,525 4,284,393 791,254
933,994,000 2,381,301 925,958 9,344,654 2,530,120 1,924,770
30,158,049 10,573,997
8,738,363 2,662,113 1,176,142 2,954,958 3,430,367 5,330,759 23,021,522 12,248,456 2,661,385 204,832,365

Page C2-8

ACTUARIAL
ACCRUED
LIABILITY 10,182,997 3,149,455 8,842,332 7,478,861 96,512,327 4,192,710 6,943,584 6,164,868 2,718,082 8,145,444 2,860,782 58,853,911 5,227,808 23,382,933 10,982,065 5,530,070 13,452,778 8,961,212 5,186,572 3,893,061 4,643,808 25,059,824 5,327,708 989,005
1,168,107,340 2,980,512 1,164,042
11,748,985 3,189,838 2,431,139
38,311,078 13,480,562 11,179,763
3,411,545 1,507,718 3,799,474 4,414,827 6,873,467 29,742,028 15,833,576 3,453,614 266,650,838

FUNDED
RATIO 86.80% 86.73% 86.47% 85.92% 85.90% 85.05% 84.97% 84.29% 84.24% 84.07% 83.75% 83.61% 83.58% 83.28% 83.21% 82.76% 82.70% 82.62% 82.39% 81.81% 81.11% 80.50% 80.42% 80.01% 79.96% 79.90% 79.55% 79.54% 79.32% 79.17% 78.72% 78.44% 78.16% 78.03% 78.01% 77.77% 77.70% 77.56% 77.40% 77.36% 77.06% 76.82%

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

NAME OF GOVERNMENT Jackson County Pension Plan Washington County Pension Plan Rockdale County Pension Plan Wilcox County Pension Plan Ware County Pension Plan Greene County Pension Plan Spalding County Pension Plan Houston County Pension Plan Colquitt County Pension Plan Troup County Pension Plan Fulton County Employees' Pension Plan Treutlen County Pension Plan Madison County Pension Plan McIntosh County Pension Plan Decatur County Pension Plan Dodge County Pension Plan Marion County Pension Plan Crisp County Pension Plan Jones County Pension Plan Harris County Pension Plan Bacon County Pension Plan Rabun County Pension Plan Clayton County Pension Plan Forsyth County Defined Benefit Plan Henry County Pension Plan Bryan County Pension Plan Ben Hill County Pension Plan Wilkes County Pension Plan Lumpkin County Pension Plan Lowndes County Pension Plan Bartow County Pension Plan Lee County Pension Plan Coweta County Pension Plan Butts County Pension Plan Pickens County Pension Plan Oconee County Pension Plan Liberty County, Retirement Plan of Burke County Pension Plan Baldwin County Board of Commissioners
Defined Benefit Plan Walker County Commissioners' & Sheriff's
Department Defined Benefit Pension Plan

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

ACTUARIAL VALUE OF PLAN ASSETS
11,139,923 9,537,966
48,514,365 1,217,917 2,323,151 4,261,397
20,555,855 69,687,695 13,344,857 31,469,738 1,256,554,200
830,863 6,375,838 3,272,052 8,068,058
922,699 620,091 13,058,507 7,818,450 9,606,400 1,159,294 5,880,567 386,601,668 13,527,598 116,201,693 8,606,076 4,161,172 2,295,300 2,487,296 33,330,218 53,627,012 4,162,539 51,462,443 7,419,334 5,037,087 13,966,745 17,356,528 17,389,711
15,497,778
5,193,452

Page C2-9

ACTUARIAL ACCRUED LIABILITY 14,574,917 12,570,526 63,965,222 1,606,106 3,082,339 5,654,070 27,344,723 92,724,643 17,773,128 41,982,823 1,677,001,812 1,110,921 8,652,423 4,449,804 11,049,584 1,266,403 854,727 18,022,541 10,813,833 13,303,000 1,618,133 8,259,455 543,816,709 19,107,795 165,411,658 12,353,100 6,037,085 3,364,332 3,713,972 50,135,612 80,909,159 6,308,150 78,397,023 11,464,132 7,786,313 22,104,688 27,520,357 27,684,357
25,178,260
8,443,129

FUNDED RATIO 76.43% 75.88% 75.84% 75.83% 75.37% 75.37% 75.17% 75.16% 75.08% 74.96% 74.93% 74.79% 73.69% 73.53% 73.02% 72.86% 72.55% 72.46% 72.30% 72.21% 71.64% 71.20% 71.09% 70.80% 70.25% 69.67% 68.93% 68.22% 66.97% 66.48% 66.28% 65.99% 65.64% 64.72% 64.69% 63.18% 63.07% 62.81%
61.55%
61.51%

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

NAME OF GOVERNMENT Sumter County Pension Plan DeKalb County Pension Plan Schley County Pension Plan Douglas County Retirement Plan Cherokee County Pension Plan Evans County Board of Commissioners Retirement Plan Cobb County Board of
Commissioners Retirement Income Plan Newton County Pension Plan Dooly County Pension Plan Hall County Pension Plan Douglas County Employee Defined Benefit Plan

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

ACTUARIAL VALUE OF PLAN ASSETS
2,250,320 1,242,702,809
212,283 41,728,638 56,981,692
1,833,263
541,736,790 3,528,220 1,586,168
16,975,992 *2

Combined Counties

5,938,034,001

CONSOLIDATED GOVERNMENTS
Augusta Richmond County Planning Commission Retirement Plan
Macon-Bibb County Fire & Police Retirement System *3 Augusta Richmond County Retirement Plan Athens-Clarke County Employees' Pension Plan Columbus Consolidated Government
Employees' Pension Plan Macon-Bibb County Pension Plan Division A *3 Richmond County Emplyee Pension Fund 1945 Georgetown-Quitman Unified County Retirement Plan Augusta General Retirement Plan 1949 Columbus Consolidated Government Plan for
Employees of the Department of Public Safety Macon-Bibb County Pension Plan *5 Augusta City Employees Pension Plan Augusta Firemen's Pension Fund Augusta Policemen's Pension Fund

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

3,319,272 218,394,110 122,921,140 199,516,376
175,066,257 79,441,644 6,318,083 150,229 67,919,808
198,380,505 111,617,613
*2 *2 *2

Combined Consolidated Governments

1,183,045,037

REGIONAL COMMISSIONS
Atlanta RC Retirement Plan Northeast Georgia RC Retirement Plan Heart of Georgia - Altamaha RC Retirement Plan Northwest Georgia RC Retirement Plan Georgia Mountains RC Retirement Plan

Single-Employer GMEBS GMEBS GMEBS GMEBS

47,502,835 4,725,313 3,676,068 7,466,297 5,883,327
Page C2-10

ACTUARIAL ACCRUED LIABILITY 3,711,639 2,068,672,798 361,587 72,519,987 101,356,553 3,283,741
1,009,050,644 6,632,576 3,046,290
49,989,849 *2
8,591,695,175
3,017,245 225,535,679 135,660,146 225,899,360
207,816,669 99,237,617 8,204,148 198,584 90,180,914
268,076,639 158,534,256
*2 *2 *2
1,422,361,257
42,653,513 4,486,245 3,679,342 7,519,692 6,190,070

FUNDED RATIO 60.63% 60.07% 58.71% 57.54% 56.22% 55.83%
53.69% 53.20% 52.07% 33.96% *2
69.11%
110.01% 96.83% 90.61% 88.32%
84.24% 80.05% 77.01% 75.65% 75.32%
74.00% 70.41% *2 *2 *2
83.17%
111.37% 105.33%
99.91% 99.29% 95.04%

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

NAME OF GOVERNMENT Middle Georgia RC Retirement Plan Coastal Georgia RC Retirement Plan Southern Georgia RC Retirement Plan Southwest Georgia RC Retirement Plan

ADMINISTRATOR GMEBS GMEBS GMEBS Single-Employer

ACTUARIAL VALUE OF PLAN ASSETS
7,509,817 1,852,360 9,982,179 1,016,994

Combined Regional Commissions

89,615,190

LOCAL BOARDS OF EDUCATION *6
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
LOCAL AUTHORITIES
Vidalia Housing Authority, City of Rome-Floyd County Recreation Authority LaGrange Housing Authority Eatonton-Putnam County Water and Sewer Authority Villa Rica Housing Authority Carroll County Water Authority Newnan Water and Light Commission Douglasville-Douglas County
Water and Sewage Authority Columbus Medical Center Hospital Authority Vienna Housing Authority, City of Metro Atlanta Rapid Transit Authority
Union Employees Retirement Plan Fort Valley Utility Commission Cobb County-Marietta Water Authority Northeast Georgia Housing Authority Dublin-Laurens County Recreation Authority Heard County Water Authority Liberty Consolidated Planning Commission Towns County Water & Sewer Authority Jasper County Joint 911 Authority Unadilla Housing Authority Henry County Water & Sewer Authority Jonesboro Housing Authority Atlanta Housing Authority, City of Chatsworth Water Commission Conyers Housing Authority, City of

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

1,836,551,701 355,032,000 3,501,643
2,195,085,344
258,252 4,130,539 1,057,068
722,591 659,623 3,211,978 34,598,867
30,095,462 22,065,900
156,018
521,348,000 7,123,281
30,600,000 3,801,879 1,103,205 521,648 653,160 268,687 349,370 487,990
29,695,139 2,763,333
39,007,006 2,129,988 755,964
Page C2-11

ACTUARIAL ACCRUED LIABILITY 8,018,134 2,117,179 11,470,064 1,700,725
87,834,964
1,776,318,834 477,926,000 5,932,073
2,260,176,907
132,592 2,746,858
805,505 583,620 583,307 2,907,898 31,925,034
28,046,165 20,777,700
153,022
517,319,000 7,258,409
31,230,000 3,923,919 1,159,930 555,480 696,232 292,267 381,749 536,680
32,840,063 3,105,687
44,867,670 2,453,912 883,478

FUNDED RATIO 93.66% 87.49% 87.03% 59.80%
102.03%
103.39% 74.29% 59.03%
97.12%
194.77% 150.37% 131.23% 123.81% 113.08% 110.46% 108.38%
107.31% 106.20% 101.96%
100.78% 98.14% 97.98% 96.89% 95.11% 93.91% 93.81% 91.93% 91.52% 90.93% 90.42% 88.98% 86.94% 86.80% 85.57%

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

NAME OF GOVERNMENT Lagrange-Troup County Hospital Authority Polk County Water, Sewage and Solid Waste Authority Haralson County Water Authority Floyd County Hospital Authority Fulton-DeKalb Hospital Authority Cherokee County Water & Sewerage Authority Lavonia Housing Authority Fitzgerald Water, Light and Bond Commission Ellijay-Gilmer County Water & Sewer Authority Metro Atlanta Rapid Transit Authority
Non-Represented Pension Plan Valdosta/Lowndes County Parks & Recreation Authority Flint Area Consolidated Housing Authority Mount Vernon Housing Authority Macon Water Authority Austell Gas System Retirement Plan Brunswick - Glynn County Joint
Water & Sewer Commission Walker County Water and Sewerage Authority Macon-Bibb County Transit Authority Housing Authority of the City of Clayton Covington Housing Authority Jackson County Water and Sewerage Authority *1 Middle Flint Regional E-911 Authority Hospital Authority of Washington County *7 Valdosta/Lowndes County Hospital Authority

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

ACTUARIAL VALUE OF PLAN ASSETS
51,617,849 1,226,259 *4 864,745
27,421,080 212,214,541
15,502,486 469,136
5,723,124 1,030,311
357,076,238 1,153,012 1,436,910 100,175
27,194,788 12,677,966
3,066,697 1,240,300 4,739,224
156,737 248,709 130,341
37,294 *4 *4

Combined Local Authorities Combined Totals

1,462,892,870 16,297,187,098

ACTUARIAL ACCRUED LIABILITY 61,547,816 1,469,351 *4 1,055,889 33,765,022 262,937,104 20,146,775 619,452 7,620,330 1,374,800
480,792,965 1,554,082 1,977,451 138,375
38,179,667 17,896,998
4,425,392 1,909,818 8,907,978
300,394 674,439 758,695 224,739 *4 *4
1,684,443,709
21,796,773,271

*1 - Newly created plan. *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 - The City of Macon and Bibb County consolidated into one government in 2014. This plan was formerly a City of Macon Plan *4 - Government has not submitted all information required and is not in compliance with O.C.G.A. 47-1-3. *5 - The City of Macon and Bibb County consolidated into one government in 2014. This plan was formerly a Bibb County Plan *6 - 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. *7 - Government is not in compliance with funding requirements of O.C.G.A. 47-1-3.

FUNDED RATIO 83.87% 83.46% *4 81.90% 81.21% 80.71% 76.95% 75.73% 75.10% 74.94%
74.27% 74.19% 72.66% 72.39% 71.23% 70.84%
69.30% 64.94% 53.20% 52.18% 36.88% 17.18% 16.59% *4 *4
86.85%
74.77%

Page C2-12

APPENDIX D
HISTORICAL TREND DATA OF FUNDED RATIO

Appendix D: Historical Trend Data of Funded Ratio

NAME OF GOVERNMENT
CITIES
Abbeville Retirement Plan, City of Acworth Retirement Plan, City of Adairsville Retirement Plan, City of Adel Retirement Plan, City of Alamo Retirement Plan, City of Albany Pension Plan, City of Alma Retirement Plan, City of Alpharetta Retirement Plan, City of Americus Retirement Plan, City of Aragon Retirement Plan, City of Ashburn Retirement Plan, City of Atlanta Firefighters' Pension Fund Atlanta General Employees Pension Fund
General Employees of the City of Atlanta Employees of the Atlanta Board of Education Atlanta Police Officers' Pension Fund Attapulgus Retirement Plan, City of Auburn Retirement Plan, City of Austell Retirement Plan, City of Avondale Estates Retirement Plan, City of Bainbridge Retirement Plan, City of 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

FUNDED RATIO FROM APPENDIX C

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

73.99% 86.07% 100.27% 87.79% 111.77% 67.59% 68.44% 85.78% 84.18% 147.27% 93.46% 78.34%
57.82% 20.31% 78.83% 106.00% 97.40% 104.17% 79.13% 84.88% 94.15% 95.38% 102.41% 86.51% 98.25%
170.39% 83.54% 91.93% 86.09% 93.65% 75.06% 91.01%
103.86% 80.22% 52.11% 93.70%
137.92% 65.58%
Page D-1

2015 BIENNIAL RETIREMENT
REPORT 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%
129.45% 69.74%

2013 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
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%

2011 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%

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

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

FUNDED RATIO FROM APPENDIX C
98.43% 82.55% 83.78% 95.48% *1 96.43% 72.54% 85.03% 66.78% 84.43% 79.95% 101.45% 77.51% 117.56% 98.95% 99.32% 88.96% 96.06% 94.09% 93.82% 71.28% 70.35% 85.01% -94.46% 80.17% 73.38% 93.32% 108.65% 79.51% 95.15% 84.63% 70.72% 96.81% 99.95% 83.42% 87.22% 88.92% 74.24% 106.07% 89.82% 76.69% 97.81%

Page D-2

2015 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
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%
Not Applicable 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%

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%

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%

Appendix D: Historical Trend Data of Funded Ratio

NAME OF GOVERNMENT
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 Flowery Branch Retirement Plan, City of *3 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

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

FUNDED RATIO FROM APPENDIX C
90.01% 80.89% 74.21% 100.77% 93.32% 89.56% 88.23% 103.50% 88.18% 96.53% 106.35% 70.73% 82.89% 97.19% 115.72% 78.70% 121.98% 106.02% 157.13% 102.95% 78.98% 93.04% 21.31% -91.48% 83.12% 81.93% 97.19% 64.76% 88.67% 80.15% 153.80% 91.27% 91.92% 87.33% 98.81% 80.45% 82.22% 95.49% 111.67% 120.51% 90.32% 91.43%
Page D-3

2015 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
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% Not Applicable 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%

2013 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
70.95% 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% Not Applicable 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%

2011 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
54.38% 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% Not Applicable 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%

Appendix D: Historical Trend Data of Funded Ratio

NAME OF GOVERNMENT
Hapeville Retirement Plan, City of Harlem Retirement Plan, City of Hartwell Retirement Plan, City of Hawkinsville Retirement Plan, City of Hazlehurst Retirement Plan, City of Hephzibah Retirement Plan, City of Hiawassee Retirement Plan, City of Hinesville Retirement Plan, City of Hiram Retirement Plan, City of Hogansville Retirement Plan, City of Holly Springs Retirement Plan, City of Jackson Retirement Plan, City of Jasper Retirement Plan, City of Jefferson Retirement Plan, City of Jeffersonville Retirement Plan, City of Jesup Retirement Plan, City of Jonesboro Retirement Plan, City of Kennesaw Retirement Plan, City of Kingsland Retirement Plan, City of LaFayette Retirement Plan, City of LaGrange Retirement Plan, City of Lake City Retirement Plan, City of Lake Park Retirement Plan, City of 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 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 *3 Menlo Retirement Plan, City of Midville Retirement Plan, City of

ADMINISTRATOR
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 GMEBS Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS

FUNDED RATIO FROM APPENDIX C
106.32% 72.60% 91.42% 95.25%
124.96% 89.10% 83.28% 91.11% 83.19% 98.01%
110.39% 96.23%
101.23% 92.82% 81.59% 84.87% 98.55% 85.81% 96.13% 91.10% 81.51% 93.73% -88.59%
106.82% 94.32% 84.08% 89.46%
157.34% 91.62% 91.07% 82.02% 91.98% 93.87% 90.07%
102.20% 88.22% 58.75% 77.64% 63.70% 83.99% -83.10% 77.86%
Page D-4

2015 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
81.05% 67.10% 87.06% 92.40% 121.47% 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% Not Applicable 88.62% 102.91% 101.00% 86.02% 88.55% 174.95% 95.61% 94.34% 76.28% 90.26% 83.62% 91.04% 100.51% 88.86% 55.78% 75.22% 53.71% Not Applicable 78.82% 72.88%

2013 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
78.55% 56.03% 83.92% 88.56% 111.47% 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% 97.50% 88.40% 55.15% 68.59% 44.39% Not Applicable 78.25% 74.22%

2011 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
80.00% 65.42% 84.29% 88.80% 105.22% 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% 97.28% 86.87% 53.06% 66.05% 40.71% Not Applicable 76.96% 73.78%

Appendix D: Historical Trend Data of Funded Ratio

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

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

FUNDED RATIO FROM APPENDIX C
98.49% 86.30% 97.51% 100.66% 77.88% 90.58% 98.52% 99.88% 108.97% 77.69% 91.39% 95.41% 108.56% 90.80% 91.62% 101.25% 80.09% 91.37% 59.68% 92.50% 95.00% 70.82% 85.74% 98.52% 83.39% 87.19% 91.39% 99.69% 90.46% 76.08% 116.99% 68.36% 100.09% 88.89% 83.38% 95.46% 92.31% 79.63% 105.69% 92.43% 90.00% 87.82%
Page D-5

2015 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
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% 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%

2013 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
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% 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%

2011 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
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% 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%

Appendix D: Historical Trend Data of Funded Ratio

NAME OF GOVERNMENT
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 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

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

FUNDED RATIO FROM APPENDIX C
85.01% 86.53% 79.61% 88.47% 71.65% 86.63% 78.71% *1 94.45% 90.66% 121.35% 85.54% 208.17% 101.93% 100.98% 92.48% 91.96% 119.15% 98.16% 106.68% 91.33% 151.26% 115.93% 83.77% 92.25% 90.88% 95.41% 131.99% 86.38% 103.20% 92.45% 81.85% 54.02% 101.15% 95.39% 90.44% 97.88% 75.35% 94.27% 52.79% 84.26% 88.99%

Page D-6

2015 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
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% 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%

2013 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
91.36% 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%

2011 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
92.40% 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%

Appendix D: Historical Trend Data of Funded Ratio

NAME OF GOVERNMENT
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 GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS

FUNDED RATIO FROM APPENDIX C
93.24% 109.60% 165.26%
94.35% 103.08%
99.63% 148.69%
96.62% 79.23% 86.22% 75.56% 96.28% 98.97% 98.75% 71.21% 74.37% 116.37% 89.11% 93.20% 93.85% 77.23%

2015 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
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%

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

86.80% 71.64%
61.55% 92.64% 80.50% 66.28% 68.93% 83.75% 81.81% 69.67% 62.81% 64.72% 79.32% 77.70% 76.82% 56.22% 71.09% 80.01%
Page D-7

85.84% 72.64%
63.00% 84.15% 73.05% 69.25% 69.15% 76.45% 79.31% 76.96% 70.07% 60.47% 73.35% 76.58% 71.84% 57.83% 72.42% 68.08%

2013 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
90.49% 97.07% 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%
85.68% 75.56%
63.10% 86.32% 69.95% 70.27% 71.49% 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
83.83% 92.63% 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% 77.08% 80.77% 73.29% 69.80% 72.49% 88.15% 75.63% 70.07% 62.82% 71.73% 70.11%

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

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
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

53.69% 82.70% 75.08% 65.64% 92.23% 72.46% 91.97% 73.02% 60.07% 72.86% 52.07% 89.30% 57.54% *1 84.24% 88.36% 143.11% 87.81%
55.83% 78.16% 113.31% 83.61% 70.80% 82.62% 74.93%
85.90% 77.77% 75.37% 79.96% 85.92% 33.96% 80.42% 84.29% 72.21% 86.73% 70.25% 75.16% 76.43% 99.50%

Page D-8

2015 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
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%
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%

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%

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%

Appendix D: Historical Trend Data of Funded Ratio

NAME OF GOVERNMENT
Jeff Davis County Pension Plan Jenkins County Pension Plan Jones County Pension Plan Lamar County Pension Plan Laurens County Pension Plan Lee County Retirement Plan Liberty County, Retirement Plan of Lincoln County Pension Plan 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

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

FUNDED RATIO FROM APPENDIX C
85.05% 78.03% 72.30% 81.11% 79.54% 65.99% 63.07% 77.06% 66.48% 66.97% 73.69% 72.55% 86.47% 73.53% 78.01% 84.97% 83.28% 92.66% 91.86% 53.20% 63.18% 91.04% 78.72% 83.21% 64.69%
93.84% 94.06% 78.44% 71.20% 75.84% 58.71% 79.90% 75.17% 60.63% 77.56% 79.17% 88.67% 77.40% 82.39% 74.79% 74.96%
Page D-9

2015 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
77.46% 82.02% 74.27% 83.70% 84.20% 78.72% 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%
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%

2013 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
77.64% 85.13% 71.70% 83.72% 84.08% 57.68% 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%

2011 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
73.17% 82.81% 73.49% 87.87% 84.71% 19.52% -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%

Appendix D: Historical Trend Data of Funded Ratio

NAME OF GOVERNMENT
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

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

FUNDED RATIO FROM APPENDIX C
82.76% 84.07%
61.51% 77.36% 75.37% 79.55% 75.88% 89.17% 75.83% 68.22% 83.58%

2015 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
68.94% 85.39%
68.44% 79.62% 75.95% 99.60% 73.45% 89.73% 75.07% 70.49% 76.74%

CONSOLIDATED GOVERNMENTS

Athens-Clarke County Employees' Pension Plan Augusta City Employees Pension Plan Augusta Firemen's Pension Fund Augusta General Retirement Plan 1949 Augusta Policemen's Pension Fund Augusta Richmond County Retirement Plan Augusta Richmond County
Planning Commission Retirement Plan Columbus Consolidated Government
Employees' Pension Plan Columbus Consolidated Government Plan for
Employees of the Department of Public Safety Georgetown-Quitman Unified County Retirement Plan Macon-Bibb County Fire & Police Retirement System *4 Macon-Bibb County Pension Plan *5 Macon-Bibb County Pension Plan Division A *4 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 Single-Employer Single-Employer Single-Employer, Closed

88.32% *1 *1
75.32% *1
90.61%
110.01%
84.24%
74.00% 75.65% 96.83% 70.41% 80.05% 77.01%

89.11% *1 *1 77.73% *1 83.10%
110.18%
88.40%
87.35% 85.63% 97.33% 70.82% 84.32% 73.36%

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

Single-Employer GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS

111.37% 87.49% 95.04% 99.91% 93.66%
105.33% 99.29%
Page D-10

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

2013 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
60.24% 86.42%
86.02% 68.38% 89.96% 115.41% 73.29% 97.66% 71.14% 61.79% 79.34%
89.97% *1 *1 77.51% *1 77.09%
109.84%
84.30%
83.43% 81.44% 99.54% 73.01% 89.82% 76.10%
81.41% 89.32% 100.93% 79.93% 88.83% 88.79% 93.38%

2011 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
59.84% 79.34%
94.60% 54.27% 103.38% 72.79% 71.67% 96.43% 70.96% 55.03% 79.35%
87.07% *1 *1 86.09% *1 72.68%
112.79%
82.37%
81.87% 69.42% 98.01% 73.91% 93.89% 69.15%
64.66% 91.51% 101.83% 75.47% 87.57% 81.92% 92.70%

Appendix D: Historical Trend Data of Funded Ratio

NAME OF GOVERNMENT Southern Georgia RC Retirement Plan Southwest Georgia RC Retirement Plan

ADMINISTRATOR GMEBS Single-Employer

FUNDED RATIO FROM APPENDIX C
87.03% 59.80%

2015 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
79.37% 69.72%

LOCAL BOARDS OF EDUCATION *6

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

74.29% 103.39%
59.03%

59.68% 98.62% 54.12%

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 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 Jackson County Water and Sewerage Authority *6 Jasper County Joint 911 Authority Jonesboro Housing Authority LaGrange Housing Authority LaGrange-Troup County Hospital Authority Lavonia Housing Authority Liberty Consolidated Planning Commission

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 GMEBS Single-Employer GMEBS GMEBS

86.94% 70.84%
69.30% 110.46%
86.80% 76.95% 97.98% 106.20% 85.57% 36.88%
107.31% 95.11%
123.81% 74.94% 75.10% 72.66% 81.21% 98.14% 80.71% 81.90% 93.91% 90.42% 52.18% 17.18% -91.52% 88.98%
131.23% 83.87% 75.73% 93.81%
Page D-11

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% 84.26% 79.15% 77.10% 50.08%
Not Applicable 98.11% 79.21%
122.20% 88.47% 69.76% 93.41%

2013 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
77.50% 57.84%
50.50% 98.05% 50.68%
102.65% 77.38%
51.77% 89.50% 86.68% 69.56% 88.07% 93.77% 70.82% Not Applicable
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%
Not Applicable 97.51% 78.58%
131.63% 85.94% 75.94% 88.55%

2011 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
74.65% -64.24%
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% Not Applicable 86.95% 75.54% 132.68% 67.85% -81.35% 97.95% --

Appendix D: Historical Trend Data of Funded Ratio

NAME OF GOVERNMENT
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 Mount Vernon Housing Authority Newnan Water and Light Commission Northeast Georgia Housing Authority Polk County Water, Sewage and Solid Waste 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
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
71.23% 53.20%

74.27%

100.78%

16.59%

72.39%

108.38%

96.89%

83.46% *2

150.37%

91.93%

90.93%

*2

--

74.19%

194.77%

101.96%

113.08%

64.94%

*2

-- *7

2015 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
72.80% 51.49%

2013 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
66.86% 61.10%

2011 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
72.16% 58.66%

78.20%

61.84%

62.36%

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%

*7

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%

*7

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%

*7

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 - Government has not submitted all information required and is not in compliance with O.C.G.A. 47-1-3. *3 - Newly created plan. *4 - The City of Macon and Bibb County consolidated into one government in 2014. This plan was formerly a City of Macon Plan *5 - The City of Macon and Bibb County consolidated into one government in 2014. This plan was formerly a Bibb County Plan *6 - 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. *7 - Government is not in compliance with funding requirements of O.C.G.A. 47-1-3.

Page D-12

APPENDIX E
ACTUARIAL ASSUMPTIONS

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 Retirement Plan, City of Blakely-Early County Department of Recreation Retirement Plan 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 Butler Retirement Plan, City of Byron Retirement Plan, City of Cairo Retirement Plan, City of Calhoun Retirement Plan, City of

Appendix E: Actuarial Assumptions

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

INFLATION RATE
3.25% 3.25% 3.25% 3.25% 3.25% 3.00% 3.25% 2.50% 3.25% 3.25% 3.25% N/R
2.75% 2.75% N/R 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25%
3.25% N/R 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.50% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25%
Page E-1

ACTUARIAL ASSUMPTIONS WITH RESPECT TO:

INVESTMENT

PROJECTED

RETURN

SALARY INCREASES

7.75% 7.75% 7.75% 7.75% 7.75% 8.50% 7.75% 7.50% 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% 7.75% 7.75% 7.75% 7.75%

0.50-5.50% 0.50-5.50% 0.50-5.50% 0.50-5.50% 0.50-5.50%
1.00% 0.50-5.50% 2.10%-4.20% 0.50-5.50% 0.50-5.50% 0.50-5.50%
4.00%
0.75-2.75% 1.25-7.00%
4.00% 0.50-5.50% 0.50-5.50% 0.50-5.50% 0.50-5.50% 0.50-5.50% 0.50-5.50% 0.50-5.50% 0.50-5.50% 0.50-5.50% 0.50-5.50% 0.50-5.50%
0.50-5.50% 5.00%
0.50-5.50% 0.50-5.50% 0.50-5.50% 0.50-5.50% 0.50-5.50% 0.50-5.50% 3.00-3.50% 0.50-5.50% 0.50-5.50% 0.50-5.50% 0.50-5.50% 0.50-5.50% 0.50-5.50% 0.50-5.50%

POSTRETIREMENT BENEFIT INCREASES
0.00% 0.00% 3.25% 2.00% 0.00% 0.00% 0.00% N/R 0.00% 3.25% 0.00% 3.00%
1.00%-3.00% 3.00% 3.00% 0.00% 0.00% 3.25% 0.00% 0.00% 3.25% 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% 3.25% 0.00% 0.00% 3.00-3.25% 0.00% 0.00%

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 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

Appendix E: Actuarial Assumptions

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

INFLATION
RATE
*1 3.25% 3.25% 3.25% 3.25% 3.25% N/R 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% N/R 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 0.00% 3.25% 3.25% 3.25% 3.25% 3.25% N/R 3.25% 3.25% 3.25% 3.25% 3.25% 2.50% 3.25% 3.25% 3.25% 2.50% 3.25%
Page E-2

ACTUARIAL ASSUMPTIONS WITH RESPECT TO:

INVESTMENT

PROJECTED

RETURN

SALARY INCREASES

*1 7.75%

*1 0.50-5.50%

7.75%

0.50-5.50%

7.75%

0.50-5.50%

7.75% 7.75% 7.00%

0.50-5.50% 0.50-5.50%
4.00%

7.75%

0.50-5.50%

7.75% 7.75% 7.75%

0.50-5.50% 0.50-5.50% 0.50-5.50%

7.75%

0.50-5.50%

7.75%

0.50-5.50%

7.75% 7.75% 7.75%

0.50-5.50% 0.50-5.50% 0.50-5.50%

7.75%

0.50-5.50%

6.75%

5.00%

7.75% 7.75%

0.50-5.50% 0.50-5.50%

7.75%

0.50-5.50%

7.75%

0.50-5.50%

7.75% 7.75% 7.75%

0.50-5.50% 0.50-5.50% 0.50-5.50%

7.75%

0.50-5.50%

7.75% 7.50% 7.75%

0.50-5.50% 3.50%
0.50-5.50%

7.75%

0.50-5.50%

7.75%

0.50-5.50%

7.75% 7.75% 7.00%

0.50-5.50% 0.50-5.50%
4.00%

7.75%

0.50-5.50%

7.75%

0.50-5.50%

7.75% 7.75%

0.50-5.50% 0.50-5.50%

7.75%

0.50-5.50%

7.00%

1.25-4.25%

7.75% 7.75% 7.75%

0.50-5.50% 0.50-5.50% 0.50-5.50%

6.75%

0.50-6.00%

7.75%

0.50-5.50%

POSTRETIREMENT
BENEFIT INCREASES
*1 $0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.25% 3.25% 0.00% 0.00% 0.00% 0.00% 3.25% 3.25% N/R 0.00% 0.00% 0.00% 0.00% 0.00% 3.25% 0.00% 0.00% 0.00% 0.00% 3.00% 0.00% 0.00% 2.00% 0.00% N/R 0.00% 0.00% 0.00% 0.00% 0.00% N/R 0.00% 3.00% 0.00% 2.50% 3.25%

Douglasville Retirement Plan, City of Dublin Retirement Plan, City of Duluth Retirement Plan, City of East Ellijay Retirement Plan, City of East Point Retirement Plan, City of Eastman Retirement Plan, City of Eatonton Retirement Plan, City of Elberton Retirement Plan, City of Ellaville Retirement Plan, City of Ellijay Retirement Plan, City of Emerson Retirement Plan, City of Enigma Retirement Plan, Town of Fairburn Retirement Plan, City of Fayetteville Retirement Plan, City of Fitzgerald Retirement Plan, City of Flowery Branch Retirement Plan, City of *2 Forsyth Retirement Plan, City of Fort Oglethorpe Retirement Plan, City of Fort Valley Retirement Plan, City of Franklin Retirement Plan, City of Gainesville Retirement Plan A, City of Gainesville Retirement Plan, City of Garden City Retirement Plan, City of Gibson Retirement Plan, City of Glennville Retirement Plan, City of Gordon Retirement Plan, City of Gray Retirement Plan, City of Greensboro Retirement Plan, City of Greenville Retirement Plan, City of Griffin Retirement Plan, City of Grovetown Retirement Plan, City of Guyton Retirement Plan, City of Hagan Retirement Plan, City of Hahira Retirement Plan, City of Hampton Retirement Plan, City of Hapeville Retirement Plan, City of Harlem Retirement Plan, City of Hartwell Retirement Plan, City of Hawkinsville Retirement Plan, City of Hazlehurst Retirement Plan, City of Hephzibah Retirement Plan, City of Hiawassee Retirement Plan, City of Hinesville Retirement Plan, City of Hiram Retirement Plan, City of Hogansville Retirement Plan, City of

Appendix E: Actuarial Assumptions

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

INFLATION
RATE
3.25% 3.25% 3.25% 3.25% 2.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.50% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 2.50% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25%
Page E-3

ACTUARIAL ASSUMPTIONS WITH RESPECT TO:

INVESTMENT

PROJECTED

RETURN

SALARY INCREASES

7.75% 7.75%

0.50-5.50% 0.50-5.50%

7.75%

0.50-5.50%

7.75%

0.50-5.50%

7.75% 7.75% 7.75%

1.25% 0.50-5.50% 0.50-5.50%

7.75%

0.50-5.50%

7.75% 7.75% 7.75%

0.50-5.50% 0.50-5.50% 0.50-5.50%

7.75%

0.50-5.50%

7.75%

0.50-5.50%

7.75% 7.75% 7.75%

0.50-5.50% 0.50-5.50% 0.50-5.50%

7.75%

0.50-5.50%

7.75%

0.50-5.50%

7.75% 7.75%

0.50-5.50% 0.50-5.50%

7.50%

0.50-8.50%

7.75%

0.50-5.50%

7.75% 7.75% 7.75%

0.50-5.50% 0.50-5.50% 0.50-5.50%

7.75%

0.50-5.50%

7.75% 7.75% 7.75%

0.50-5.50% 0.50-5.50% 0.50-5.50%

7.75%

0.50-5.50%

7.75%

0.50-5.50%

7.75% 7.75% 7.75%

0.50-5.50% 0.50-5.50% 0.50-5.50%

7.75%

0.50-5.50%

7.50%

3.00%

7.75% 7.75%

0.50-5.50% 0.50-5.50%

7.75%

0.50-5.50%

7.75%

0.50-5.50%

7.75% 7.75% 7.75%

0.50-5.50% 0.50-5.50% 0.50-5.50%

7.75%

0.50-5.50%

7.75%

0.50-5.50%

POSTRETIREMENT
BENEFIT INCREASES
0.00-3.25% 0.00% 0.00% 0.00% 1.75% 0.00% 0.00% 3.25% 0.00% 0.00% 0.00% 0.00% 3.25% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.00% 0.00% 0.00% 0.00% 0.00% 0.00% N/R 2.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

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 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-Helena Retirement Plan, City of *2 Menlo Retirement Plan, City of Midville Retirement Plan, City of Midway Retirement Plan, City of Milledgeville Retirement Plan, City of 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

Appendix E: Actuarial Assumptions

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

INFLATION
RATE
3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.50% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 2.00% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 0.00% 3.25% 3.25% 3.25% 3.25%
Page E-4

ACTUARIAL ASSUMPTIONS WITH RESPECT TO:

INVESTMENT

PROJECTED

RETURN

SALARY INCREASES

7.75% 7.75%

0.50-5.50% 0.50-5.50%

7.75%

0.50-5.50%

7.75%

0.50-5.50%

7.75% 7.75% 7.75%

0.50-5.50% 0.50-5.50% 0.50-5.50%

7.75%

0.50-5.50%

7.75% 7.75% 7.75%

0.50-5.50% 0.50-5.50% 0.50-5.50%

7.75%

0.50-5.50%

7.75%

0.50-5.50%

7.75% 7.75% 7.75%

0.50-5.50% 0.50-5.50% 0.50-5.50%

7.75%

0.50-5.50%

7.75%

0.50-5.50%

7.75% 7.75%

0.50-5.50% 0.50-5.50%

7.75%

0.50-5.50%

7.75%

0.50-5.50%

7.75% 7.75% 7.75%

0.50-5.50% 0.50-5.50% 0.50-5.50%

7.75%

0.50-5.50%

7.50% 7.75% 7.75%

0.00% - 9.12% 0.50-5.50% 0.50-5.50%

7.75%

0.50-5.50%

7.75%

0.50-5.50%

7.75% 7.75% 7.00%

0.50-5.50% 0.50-5.50%
1.00%

7.75%

0.50-5.50%

7.75%

0.50-5.50%

7.75% 7.75%

0.50-5.50% 0.50-5.50%

7.75%

0.50-5.50%

7.75%

0.50-5.50%

7.25% 7.75% 7.75%

3.25% 0.50-5.50% 0.50-5.50%

7.75%

0.50-5.50%

7.75%

0.50-5.50%

POSTRETIREMENT
BENEFIT INCREASES
0.00% 3.25% 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% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.25% 0.00% 0.00% 0.00% 0.00% N/R 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.25% 0.00% 0.00% 0.00% 3.25% 0.00% 0.00% 0.00%

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 Rome Retirement Plan, City of Rossville Retirement Plan, City of Roswell Retirement Plan, City of Royston Retirement Plan, City of Saint Marys 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

Appendix E: Actuarial Assumptions

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

INFLATION
RATE
3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.00% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.75%
*1 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25%
Page E-5

ACTUARIAL ASSUMPTIONS WITH RESPECT TO:

INVESTMENT

PROJECTED

RETURN

SALARY INCREASES

7.75% 7.75%

0.50-5.50% 0.50-5.50%

7.75%

0.50-5.50%

7.75%

0.50-5.50%

7.75% 7.75% 7.75%

0.50-5.50% 0.50-5.50% 0.50-5.50%

7.75%

0.50-5.50%

7.75% 7.75% 7.75%

0.50-5.50% 0.50-5.50% 0.50-5.50%

6.75%

0.40-2.40%

7.75%

0.50-5.50%

7.75% 7.75% 7.75%

0.50-5.50% 0.50-5.50% 0.50-5.50%

7.75%

0.50-5.50%

7.75%

0.50-5.50%

7.75% 7.75%

0.50-5.50% 0.50-5.50%

7.75%

0.50-5.50%

7.75%

0.50-5.50%

7.75% 7.75% 7.75%

0.50-5.50% 0.50-5.50% 0.50-5.50%

7.75%

0.50-5.50%

7.75% 7.75% 7.75%

0.50-5.50% 0.50-5.50% 0.50-5.50%

7.75%

0.50-5.50%

7.75%

0.50-5.50%

7.75% 7.75% 7.75%

0.50-5.50% 0.50-5.50% 0.50-5.50%

7.75%

0.50-5.50%

7.75%

0.50-5.50%

7.75% *1

0.17-1.85% *1

7.75%

0.50-5.50%

7.75%

0.50-5.50%

7.75% 7.75% 7.75%

0.50-5.50% 0.50-5.50%
N/R

7.75%

0.50-5.50%

7.75%

0.50-5.50%

POSTRETIREMENT
BENEFIT INCREASES
0.00% 0.00% 0.00% 0.00% 3.00% 0.00% 0.00% 0.00% 0.00% 3.00% 0.00% 0.00% 3.25% 0.00% 3.25% 0.00% 2.00% 3.25% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.25% 0.00% 0.00% 0.00% 0.00% 0.00-3.25% 0.00% 0.00% 0.00% 0.00% 0.00% 1.00-5.00%
*1 0.00% 0.00% 0.00% 0.00% 3.25% 2.00-3.25% 0.00%

Springfield 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 Waleska Retirement Plan, City of Walthourville Retirement Plan, City of Warm Springs Retirement Plan, City of Warner Robins Retirement Plan, City of Warrenton Retirement Plan, City of Washington Retirement Plan, City of Waycross Retirement Plan, City of Waynesboro Retirement Plan, City of West Point Retirement Plan, City of Whigham Retirement Plan, City of White Retirement Plan, City of Whitesburg Retirement Plan, City of Willacoochee Retirement Plan, City of Winder Retirement Plan, City of Woodbine Retirement Plan, City of Woodbury Retirement Plan, City of Woodstock Retirement Plan, City of

Appendix E: Actuarial Assumptions

TYPE OF PLAN
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 GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS

INFLATION
RATE
3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 2.00% 3.25% 3.25% N/R 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25%
Page E-6

ACTUARIAL ASSUMPTIONS WITH RESPECT TO:

INVESTMENT

PROJECTED

RETURN

SALARY INCREASES

7.75% 7.75%

0.50-5.50% 0.50-5.50%

7.75%

0.50-5.50%

7.75%

0.50-5.50%

7.75% 7.75% 7.75%

0.50-5.50% 1.00%
0.50-5.50%

7.75%

0.50-5.50%

7.75% 7.75% 7.75%

0.50-5.50% 0.50-5.50% 0.50-5.50%

7.75%

0.50-5.50%

7.75%

0.50-5.50%

7.00% 7.75% 7.75%

3.00% 0.50-5.50% 0.50-5.50%

7.50%

3.50%

7.75%

0.50-5.50%

7.75% 7.75%

0.50-5.50% 0.50-5.50%

7.75%

0.50-5.50%

7.75%

0.50-5.50%

7.75% 7.75% 7.75%

0.50-5.50% 0.50-5.50% 0.50-5.50%

7.75%

0.50-5.50%

7.75% 7.75% 7.75%

0.50-5.50% 0.50-5.50% 0.50-5.50%

7.75%

0.50-5.50%

7.75%

0.50-5.50%

7.75% 7.75% 7.75%

0.50-5.50% 0.50-5.50% 0.50-5.50%

7.75%

0.50-5.50%

7.75%

0.50-5.50%

7.75% 7.75%

0.50-5.50% 0.50-5.50%

7.75%

0.50-5.50%

7.75%

0.50-5.50%

7.75% 7.75% 7.75%

0.50-5.50% 0.50-5.50% 0.50-5.50%

7.75%

0.50-5.50%

7.75%

0.50-5.50%

POSTRETIREMENT
BENEFIT INCREASES
0.00% 3.25% 0.00% 3.25% 3.00% 0.00% 3.25% 0.00% 0.00% 2.50% 0.00% 0.00% 0.00% 2.50-3.50% 0.00% 0.00% 3.00% 3.25% 3.25% 3.00% 3.00% 0.00-3.00% 0.00% 0.00% 0.00% 3.25% 0.00% 0.00% 0.00% 0.00% 0.00% 3.25% 0.00% 2.50% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.25% 0.00% 0.00%

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 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 Pension Plan Douglas County Retirement Plan Douglas County Employee Defined Benefit Plan Early County Pension Plan Early Co Department of Public Safety Effingham County Pension Plan Elbert County Pension Plan Evans County Board of Commissioners
Retirement Plan Fannin County Pension Plan

Appendix E: Actuarial Assumptions

TYPE OF PLAN GMEBS GMEBS

INFLATION RATE 3.25% 3.25%

ACTUARIAL ASSUMPTIONS WITH RESPECT TO:

INVESTMENT

PROJECTED

RETURN

SALARY INCREASES

7.75% 7.75%

0.50-5.50% 0.50-5.50%

POSTRETIREMENT BENEFIT INCREASES
0.00% 0.00%

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

2.00% 2.00%
2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 3.00% 2.00% 3.00% 2.00%
2.50% 2.00% 2.00% 2.50% 2.00% 2.00% 2.00% 2.00% 2.75% 2.00% 2.00% 2.50% 2.00%
*1 2.00% 2.00% N/R 2.00%
2.25% 2.00%
Page E-7

7.50% 7.50%
7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.60% 7.50% 8.00% 7.50%
7.60% 7.50% 7.50% 6.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.75% 7.50%
*1 7.50% 7.50% 7.50% 7.50%
4.75% 7.50%

1.00 - 3.50% 1.50 - 4.00%
1.00 - 3.50% 0.00 - 2.50% 1.00 - 3.50% 1.00 - 3.50% 1.00 - 3.50% 0.00 - 2.50% 1.50 - 4.00% 1.50 - 4.00% 1.50 - 4.00% 1.00 - 3.50% 1.00 - 3.50% 1.00 - 3.50% 0.00-3.00% 1.00 - 3.50% 2.00-4.00% 0.50 - 3.00%
0.0-1.50% 0.00 - 2.50% 0.50 - 3.00%
0.00% 1.00 - 3.50% 1.00 - 3.50% 1.50 - 4.00% 1.00 - 3.50% 0.25%-6.25% 2.00 - 4.50% 1.00 - 3.50%
3.00% 1.00 - 3.50%
*1 1.00 - 3.50% 1.00 - 3.50%
3.00% 0.50 - 3.00%
1.75% 2.00 - 4.50%

N/R N/R
4.00% 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
N/R N/R N/R 3.00% N/R N/R N/R N/R 0.00% N/R N/R 0.00% N/R *1 N/R 3.00% N/R N/R
N/R N/R

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 Pension 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 Pension Plan Pickens County Pension Plan

Appendix E: Actuarial Assumptions

TYPE OF PLAN
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 ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG

INFLATION
RATE
2.00% 2.00% 2.50% 2.00% 3.00%
2.80% 2.00% 2.00% 3.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% N/R 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%
Page E-8

ACTUARIAL ASSUMPTIONS WITH RESPECT TO:

INVESTMENT

PROJECTED

RETURN

SALARY INCREASES

7.50% 7.50%

0.00 - 2.50% 0.00 - 2.50%

7.00%

4.00%

7.50%

1.00 - 3.50%

7.60%

3.00%

7.75% 7.50% 7.50% 7.00% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 8.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50%

4.00%-6.00% 1.00 - 3.50% 2.00 - 4.50% 1.50-2.50% 1.50 - 4.00% 0.00 - 2.50% 0.50 - 3.00% 0.00 - 2.50% 1.50 - 4.00% 1.00 - 3.50% 1.00 - 3.50% 1.50 - 4.00% 0.00 - 2.50% 0.00 - 2.50% 0.00 - 2.50% 1.00 - 3.50% 2.00 - 4.50% 1.00 - 3.50% 1.50 - 4.00% 1.50 - 4.00%
3.00% 1.00 - 3.50% 1.50 - 4.00% 1.00 - 3.50% 0.50 - 3.00% 0.50 - 3.00% 0.50 - 3.00% 0.50 - 3.00% 1.00 - 3.50% 0.00 - 2.50% 0.50 - 3.00% 1.00 - 3.50% 0.00 - 2.50% 0.00 - 2.50% 2.00 - 4.50% 1.50 - 4.00% 0.50 - 3.00% 2.50 - 5.00% 2.00 - 4.50%

POSTRETIREMENT
BENEFIT INCREASES
N/R N/R 0.00% N/R 3.00%
N/R N/R N/R 1.00% N/R N/R N/R N/R N/R N/R N/R 2.00% 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 N/R N/R

Appendix E: Actuarial Assumptions

Polk County Board of Commissioners Employees' Retirement Income Plan
Pulaski County Pension Plan Putnam County Pension Plan Rabun County Pension Plan Rockdale County Pension Plan Schley County Pension Plan Seminole County Pension Plan Spalding County Pension Plan Sumter County Pension Plan Tattnall County Pension Plan Telfair County Pension Plan Thomas County Pension Plan Tift County Pension Plan Toombs County Pension Plan Treutlen County Pension Plan Troup County Pension Plan Turner County Pension Plan Upson County Pension Plan Walker County Commissioners' & Sheriff's
Department Defined Benefit Pension Plan Walton County Pension Plan Ware County Pension Plan Warren County Pension Plan Washington County Pension Plan Whitfield County Pension Plan Wilcox County Pension Plan Wilkes County Pension Plan Wilkinson County Pension Plan
CONSOLIDATED GOVERNMENTS
Athens-Clarke County Employees' Pension Plan Augusta City Employees Pension Plan Augusta Firemen's Pension Fund Augusta General Retirement Plan 1949 Augusta Policemen's Pension Fund Augusta Richmond County Retirement Plan Augusta Richmond County
Planning Commission Retirement Plan Columbus Consolidated Government
Employees' Pension Plan Columbus Consolidated Government Plan for
Employees of the Department of Public Safety Georgetown-Quitman Unified County Retirement Plan Macon-Bibb County Fire & Police Retirement System *4

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

INFLATION RATE
2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.50% 2.00% N/R
N/R 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%
N/R *1 *1 N/R *1 3.25%
3.25%
N/R
N/R 3.25% 3.00%
Page E-9

ACTUARIAL ASSUMPTIONS WITH RESPECT TO:

INVESTMENT

PROJECTED

RETURN

SALARY INCREASES

7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 6.00%

0.00 - 2.50% 1.00 - 3.50% 0.00 - 2.50% 1.00 - 3.50% 0.50 - 3.00% 1.00 - 3.50% 2.00 - 4.50% 0.50 - 3.00% 1.00 - 3.50% 1.00 - 3.50% 0.00 - 2.50% 0.50 - 3.00% 2.50 - 5.00% 0.50 - 3.00% 0.50 - 3.00%
3.00% 0.50 - 3.00%
3.50%

6.00% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50% 7.50%

4.00% 0.50 - 3.00% 0.00 - 2.50% 1.50 - 4.00% 1.00 - 3.50% 0.00 - 2.50% 0.00 - 2.50% 1.00 - 3.50% 0.00 - 2.50%

POSTRETIREMENT BENEFIT INCREASES
N/R N/R N/R N/R N/R N/R N/R 2.50% N/R N/R N/R N/R N/R N/R N/R 0.00% N/R 0.00%
N/R N/R N/R N/R N/R N/R N/R N/R N/R

8.00% *1 *1
7.50% *1
7.75%
7.75%
7.00%
7.00% 7.75% 7.50%

4.25-6.50% *1 *1
5.50% *1
0.50-5.50%
0.50-5.50%
3.25%
3.25% 0.50-5.50%
3.00%

N/R *1 *1 3.00% *1 0.00-3.25%
N/R
0.50%
0.50% N/R 1.50%

Appendix E: Actuarial Assumptions

Macon-Bibb County Pension Plan *5 Macon-Bibb County Pension Plan Division A *4 Richmond County Emplyee Pension Fund 1945
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
LOCAL BOARDS OF EDUCATION *6
Fulton County School Employees' Pension Fund Gwinnett County Board of Education Retirement System Polk County Board of Education Retirement System
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 & Sewerage Authority Cobb County-Marietta Water Authority Columbus Medical Center Hospital Authority Conyers Housing Authority, City of Covington Housing Authority 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 Utility Commission Fulton-DeKalb Hospital Authority Haralson County Water Authority Heard County Water Authority

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

INFLATION RATE 4.00% 3.00% N/R
4.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% 3.25% N/R
2.75% 3.50% N/R
N/R 2.50%
3.25% 0.00% 3.25% 3.25% 2.80% N/R 3.25% 2.00%
3.25% 3.25% 3.25% 3.25% 3.25% 3.25% N/R 3.25% 2.75% 2.00% 3.25%
Page E-10

ACTUARIAL ASSUMPTIONS WITH RESPECT TO:

INVESTMENT

PROJECTED

RETURN

SALARY INCREASES

7.50% 7.50%

0.25% 3.10%

7.50%

5.00%

POSTRETIREMENT BENEFIT INCREASES
N/R 1.50% 3.00%

7.00% 7.75% 7.75% 7.75% 7.75% 7.75% 7.75% 7.75% 7.75%

1.25% 0.50-5.50% 0.50-5.50% 0.50-5.50% 0.50-5.50% 0.50-5.50% 0.50-5.50% 0.50-5.50%
N/R

N/R N/R 3.25% N/R 0.00-1.50% N/R N/R N/R 2.50%

7.00% 8.00% 7.00%

2.00 - 5.25% 1.00 - 4.50%
3.50%

3.00% 3.00% N/R

4.90% 7.00%
7.75% 6.65% 7.75% 7.75% 7.50% 7.00% 7.75% 7.50%
7.75% 7.75% 7.75% 7.75% 7.75% 7.75% 7.00% 7.75% 7.75% 7.50% 7.75%

4.00% 2.00%
0.50-5.50% 4.50%
0.50-5.50% 0.50-5.50%
2.20% 2.50% 0.50-5.50% 1.50 - 4.00%
0.50-5.50% 0.50-5.50% 0.50-5.50% 0.50-5.50% 0.50-5.50% 0.50-5.50%
N/R 0.50-5.50%
N/R 2.50 - 5.00% 0.50-5.50%

N/R N/R
0.00% 1.00% 0.00% 0.00% 0.00% N/R 0.00% N/R
0.00% 0.00% 0.00% 2.00% 0.00% 3.00% N/R 0.00% N/R N/R 0.00%

Appendix E: Actuarial Assumptions

Henry County Water & Sewer Authority Hospital Authority of Washington County *3, *7 Housing Authority of the City of Clayton Jackson County Water and Sewerage Authority *2 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 Mount Vernon Housing Authority Newnan Water and Light Commission Northeast Georgia Housing Authority Polk County Water, Sewage and Solid Waste Authority *3 Rome-Floyd County Recreation Authority Towns County Water & Sewer Authority Unadilla Housing Authority Valdosta/Lowndes County Hospital Authority *3 Valdosta/Lowndes County Parks and Recreation Authority Vidalia Housing Authority, City of Vienna Housing Authority, City of Villa Rica Housing Authority Walker County Water and Sewerage Authority

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

INFLATION RATE 3.25%
3.25% 3.25% 3.25% 3.25% 3.25% 2.60% 3.25% 3.25% 2.50% 2.00%
2.50%
2.80% 2.00% 3.25% 3.00% 3.25% 3.00% 3.25% 3.25% 3.25%
3.25% 3.25% 3.25% 3.25% N/R

ACTUARIAL ASSUMPTIONS WITH RESPECT TO:

INVESTMENT

PROJECTED

RETURN

SALARY INCREASES

7.75%

0.50-5.50%

See footnote *3

7.75%

0.50-5.50%

7.75%

0.50-5.50%

7.75% 7.75% 7.75% 7.25%

0.50-5.50% 0.50-5.50% 0.50-5.50%
N/R

7.75% 7.75% 7.00% 7.00%

0.50-5.50% 0.50-5.50% 3.50-6.00%
3.00%

6.90%

3.00%-3.50%

7.50% 7.50% 7.75% 7.00% 7.75% 7.48% 7.75% 7.75% 7.75%
7.75% 7.75% 7.75% 7.75% 6.00%

See footnote *3

4.50% 2.50 - 5.00% 0.50-5.50%
2.00% 0.50-5.50%
1.00% 0.50-5.50% 0.50-5.50% 0.50-5.50%
0.50-5.50% 0.50-5.50% 0.50-5.50% 0.50-5.50%
4.00%

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 - Newly created plan. *3 - Government has not submitted all information required and is not in compliance with O.C.G.A. 47-1-3. *4 - The City of Macon and Bibb County consolidated into one government in 2014. This plan was formerly a City of Macon Plan *5 - The City of Macon and Bibb County consolidated into one government in 2014. This plan was formerly a Bibb County Plan *6 - 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. *7 - Government is not in compliance with funding requirements of O.C.G.A. 47-1-3.

POSTRETIREMENT BENEFIT INCREASES
1.00%
0.00% 0.00% 0.00% 0.00% 0.00% N/R 0.00% 0.00% 2.00% 1.50%
1.00%
N/R N/R 0.00% N/R 3.25% 0.00% 3.25% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% N/R

Page E-11

Appendix E: Actuarial Assumptions
Investment Return Assumptions
25

20

Number of Plans

15

10

5

0 4.51 - 5.00%

5.01 - 5.50%

5.51 - 6.00%

6.01 - 6.50% 6.51 - 7.00%
Assumption Range

7.01 - 7.50%

7.51 - 8.00%

8.01 - 8.50%

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 for the current reporting period is 7.25% and the median is 7.50% compared to 7.19% and 7.50%, respectively for the 2014 report. If the ACCG and GMEBS members had been included, the mean of the investment return assumptions would be 7.62% and the median would be 7.75%, as compared to 7.69% and 7.75%, respectively, for 2014.

Page E-12

APPENDIX F
RETIREMENT AND POSTEMPLOYMENT BENEFITS OTHER THAN DEFINED BENEFIT PLANS

Appendix F: Retirement and Postemployment Benefits Other Than Defined Benefit

Name of Government
Cities
Abbeville Acworth Adairsville Adel Albany Alma Alpharetta Americus Aragon Arcade Arlington Ashburn Atlanta Auburn Austell Avondale Estates Bainbridge Ball Ground Barnesville Baxley Berkeley Lake Blackshear Blairsville Blakely Blue Ridge Blythe Bogart Braselton Bremen Brookhaven Brooks Broxton Brunswick Buchanan Buford Butler Byron Cairo Calhoun Camilla Canton Carrollton Cartersville

Defined Contribution
Plan(s)

Deferred Compensation
Plan(s)

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

Page F-1

Postemployment Healthcare Benefits
X X X X X

Other Postemployment
Benefits
X X
X

X

X

X
X X

X

X

X

X

X

X

X

Insurance Contract

Appendix F: Retirement and Postemployment Benefits Other Than Defined Benefit

Name of Government
Cave Spring Cecil Cedartown Chamblee Chatsworth Chattahoochee Hills Chester Chickamauga Clarkesville Clarkston Clayton Clermont Cleveland Cochran College Park Colquitt Commerce Concord Conyers Cordele Cornelia Covington Crawford Culloden Cumming Dahlonega Dallas Dalton Darien Dawson Decatur Dillard Doerun Doraville Douglas Douglasville Dublin Duluth Dunwoody East Dublin East Point Eastman Edison Elberton

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 X X 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

Name of Government
Ellijay Emerson Eton Euharlee Fairburn Fayetteville Fitzgerald Folkston Forest Park Forsyth Fort Gaines Fort Oglethorpe Fort Valley Gainesville Garden City Glennville Griffin Hapeville Harlem Hartwell Hawkinsville Helen Hephzibah Hinesville Hoboken Holly Springs Homer Homerville Jackson Jasper Jefferson Jenkinsburg Jesup Johns Creek Kennesaw Kingsland LaFayette LaGrange Lake City Lake Park Lavonia Lawrenceville Lilburn Lithonia

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)

Postemployment Healthcare Benefits

Other Postemployment
Benefits

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

Page F-3

Insurance Contract

Appendix F: Retirement and Postemployment Benefits Other Than Defined Benefit

Name of Government
Locust Grove Loganville Louisville Lovejoy Lula Lumpkin Madison Manchester Marietta Maysville McCaysville McDonough McIntyre McRae-Helena Metter Midway Milledgeville Milner Milton Monroe Monticello Morrow Moultrie Mountain Park Nahunta Nashville Newnan Nicholls Nicholson Norcross Ocilla Odum Omega Oxford Palmetto Patterson Pavo Peachtree City Peachtree Corners Pearson Pembroke Perry Pine Mountain Pooler

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

Deferred Compensation
Plan(s)
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-4

Insurance Contract

Appendix F: Retirement and Postemployment Benefits Other Than Defined Benefit

Name of Government
Port Wentworth Porterdale Powder Springs Quitman Remerton Reynolds Richmond Hill Ringgold Rome Roswell Royston Rutledge Sandersville Sandy Springs Sardis Savannah Sharpsburg Shiloh Smithville Smyrna Snellville Social Circle Sparks Sparta Springfield St. Marys Statesboro Statham Stockbridge Stone Mountain Sugar Hill Summerville Suwanee Swainsboro Sycamore Sylvania Sylvester Temple Thomaston Thomasville Thomson Thunderbolt Tifton Toccoa

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 X X
X X
X X X X
X
X
X X
X X X X X X X
X X X X

Postemployment Healthcare Benefits

Other Postemployment
Benefits

X

X

X

X

X

X

X

X

X

X X

X

X

X

X X

X

X

X

X

Page F-5

Insurance Contract

Appendix F: Retirement and Postemployment Benefits Other Than Defined Benefit

Name of Government
Trenton Trion Tunnel Hill Turin Tybee Island Tyrone Unadilla Union City Union Point Valdosta Vidalia Vienna Villa Rica Warner Robins Washington Watkinsville Waynesboro West Point Whitesburg Willacoochee Winder Winterville Woodstock Young Harris
Counties
Appling County Atkinson County Baker County Baldwin County Banks County Barrow County Bartow County Ben Hill County Berrien County Bleckley County Brantley County Brooks County Bryan County Bulloch County Burke County Butts County Calhoun 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

Postemployment Healthcare Benefits

Other Postemployment
Benefits

X X

X

X

X

X

X

X

X

X

X

X

X

X

X X X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

Page F-6

Insurance Contract

Appendix F: Retirement and Postemployment Benefits Other Than Defined Benefit

Name of Government
Camden County Carroll County Catoosa County Charlton County Chatham County Chattooga County Cherokee County Clay County Clayton County Clinch County Cobb County Colquitt 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 Echols County Effingham County Elbert 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

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
X
X X X X X X X X X X X
X X
X X X X X
X X X X
X X X
Page F-7

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

Insurance Contract

Appendix F: Retirement and Postemployment Benefits Other Than Defined Benefit

Name of Government
Hall County Hancock County Haralson County Harris County Hart County Heard County Henry County Houston County Jackson County Jasper County Jeff Davis County Jefferson County Jenkins County Jones County Lamar County Lanier County Laurens County Lee County Liberty County Lowndes County Lumpkin County Macon County Madison County McIntosh County Meriwether County Miller County Mitchell County Monroe County Montgomery County Morgan County Murray County Newton County Oconee County Oglethorpe County Paulding County Peach County Pickens County Pierce County Pike County Polk County Pulaski County Putnam 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

Deferred Compensation
Plan(s)
X X X X
X X X X X X X X X X X X X
X X X X X X X X X X X X X X X X X X X
X X X
Page F-8

Postemployment Healthcare Benefits
X

Other Postemployment
Benefits

X X X

X

X

X

X

X

X
X X X

Insurance Contract

Appendix F: Retirement and Postemployment Benefits Other Than Defined Benefit

Name of Government
Rabun County Randolph County Rockdale County Schley County Screven County Seminole County Spalding County Stephens County Sumter County Talbot County Tattnall County Taylor County Telfair County Terrell County Tift County Toombs County Towns County Treutlen County Troup County Turner County Union County Walker County Walton County Ware County Warren 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

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

X

X

X

X

X

X

X

X

X

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

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

Name of Government
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

Defined Contribution
Plan(s)
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

Local Boards of Education
Appling County Board of Education Atkinson County Board of Education Bacon County Board of Education Baldwin County Board of Education Banks County Board of Education Bartow County Board of Education Berrien County Board of Education Bibb County Board of Education Bleckley County Board of Education Brantley County Board of Education Brooks County Board of Education Bryan County Board of Education Bulloch County Board of Education Burke County Board of Education Butts County Board of Education Calhoun County Board of Education Candler County Board of Education Catoosa County Board of Education Charlton County Board of Education Savannah-Chatham County Board of Education Chattahoochee County Board of Education Chattooga County Board of Education Cherokee County Board of Education Clarke County Board of Education Cobb County Board of Education

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

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-10

Insurance Contract

Appendix F: Retirement and Postemployment Benefits Other Than Defined Benefit

Name of Government
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 Decatur County Board of Education Dodge County Board of Education Dougherty County Board of Education Douglas County Board of Education Echols County Board of Education Effingham County Board of Education Emanuel County Board of Education Fannin County Board of Education Fayette County Board of Education Franklin County Board of Education Fulton County Board of Education Gilmer County Board of Education Glascock County Board of Education Glynn 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 Haralson County Board of Education Hart County Board of Education Heard County Board of Education Henry County Board of Education Houston County Board of Education Jackson County Board of Education Jasper County Board of Education Jefferson County Board of Education Johnson County Board of Education Jones County Board of Education Lamar County Board of Education Lanier County Board of Education Laurens County Board of Education Lee County Board of Education Long 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

Defined Contribution
Plan(s) 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

X

X

X

X

X

X

X X X X X
X X

X X X

Page F-11

Insurance Contract

Appendix F: Retirement and Postemployment Benefits Other Than Defined Benefit

Name of Government
McIntosh County Board of Education Meriwether County Board of Education Miller County Board of Education Mitchell County Board of Education Montgomery County Board of Education Murray 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 Putnam County Board of Education Quitman County Board of Education Rabun County Board of Education Rockdale County Board of Education Schley County Board of Education Screven County Board of Education Seminole County Board of Education Griffin-Spalding County Board of Education Stephens 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 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 Ware County Board of Education Washington County Board of Education Wayne County Board of Education White County Board of Education Whitfield County Board of Education Wilcox County Board of Education Wilkes County Board of Education Wilkinson County Board of Education Worth County Board of Education City of Buford Board of Education

Defined Contribution
Plan(s) 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

Postemployment Healthcare Benefits X
X

Other Postemployment
Benefits

X X
X

X

X

X

X

Page F-12

Insurance Contract

Appendix F: Retirement and Postemployment Benefits Other Than Defined Benefit

Name of Government
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 Gainesville Board of Education City of Jefferson Board of Education City of Marietta Board of Education City of Pelham Board of Education City of Social Circle Board of Education City of Trion Board of Education City of Valdosta Board of Education City of Vidalia Board of Education

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

Deferred Compensation
Plan(s) 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

X

Athens Downtown Development Authority

X

Austell Gas System

X

X

X

Barnesville Housing Authority

X

X

Baxley and Appling County Hospital Authority

X

Bremen Housing Authority

X

Brunswick and Glynn County Development Authority

X

Brunswick-Glynn County Joint Water and Sewer Commission

X

Carroll County Water Authority

X

Catoosa Utility District Authority

X

Chatham Area Transit Authority

X

X

X

Chatham-Savannah Authority for the Homeless

X

Chatsworth Water Commission

X

X

Chehaw Park Authority

X

X

Cherokee County Water and Sewerage Authority

X

X

City of Vienna Solid Waste Management Authority

X

Classic Center Authority for Clarke County

X

X

Claxton Housing Authority

X

Clinch County Hospital Authority

X

Cobb County-Marietta Water Authority

X

Cobb-Marietta Coliseum and Exhibit Hall Authority

X

Coosa Water Authority

X

Coweta County Water and Sewerage Authority

X

X

Dade County Water and Sewer Authority

X

Development Authority of Bainbridge and Decatur County

X

Development Authority of Douglas County

X

Page F-13

Insurance Contract

Appendix F: Retirement and Postemployment Benefits Other Than Defined Benefit

Name of Government
Development Authority of the City of Milledgeville and Baldwin County Development Authority of Union County Development Authority of Vidalia Development Authority of Walton County Douglasville-Douglas County Water and Sewer Authority Dublin-Laurens County Recreation Authority Eatonton-Putnam Water and Sewer Authority Ellijay-Gilmer County Water and Sewerage Authority Emanuel County Jail Authority Etowah Water and Sewer Authority Fayette County Development Authority Fitzgerald Water, Light, and Bond Commission Flint Area Consolidated Housing Authority Franklin Housing Authority Griffin-Spalding County Development Authority Hall County Family Connection Network Haralson County Water Authority Hart County Water and Sewer Utility Authority Hawkinsville Housing Authority Hazelhurst Housing Authority Heard County Water Authority Hospital Authority of Ben Hill County Hospital Authority of Bleckley County Hospital Authority of Candler County Hospital Authority of Colquitt County Hospital Authority of Effingham County Hospital Authority of Evans County Hospital Authority of Floyd County Hospital Authority of Habersham County Hospital Authority of Jefferson County and the City of Louisville Hospital Authority of Liberty County Hospital Authority of Miller County Hospital Authority of Peach County Hospital Authority of Randolph County Hospital Authority of the City of Bainbridge and Decatur County 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 Screven 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 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

Page F-14

Insurance Contract
X

Appendix F: Retirement and Postemployment Benefits Other Than Defined Benefit

Name of Government
Housing Authority of the City of Adel, Georgia Housing Authority of the City of Americus, GA Housing Authority of the City of Ashburn Housing Authority of the City of Athens, Georgia Housing Authority of the City of Atlanta, Georgia Housing Authority of the City of Augusta, Georgia Housing Authority of the City of Baxley Housing Authority of the City of Boston Housing Authority of the City of Brunswick, Georgia Housing Authority of the City of Buford, Georgia Housing Authority of the City of Cairo, Georgia 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 College Park Housing Authority of the City of Colquitt Housing Authority of the City of Cordele, Georgia Housing Authority of the City of Covington Housing Authority of the City of Cuthbert, Ga Housing Authority of the City of Dawson Housing Authority of the City of Decatur, Georgia Housing Authority of the City of Douglas 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 Hartwell Housing Authority of the City of Hogansville Housing Authority of the City of Jasper Housing Authority of the City of Jefferson Housing Authority of the City of Jesup Housing Authority of the City of 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 Louisville Housing Authority of Macon-Bibb County Housing Authority of the City of Madison, Ga Housing Authority of the City of Manchester

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 X
X

Postemployment Healthcare Benefits
X
X
X

Other Postemployment
Benefits
X

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

Name of Government
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 Monticello 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 Newnan Housing Authority of the City of Ocilla, Ga Housing Authority of the City of Pearson, Georgia Housing Authority of the City of Quitman Housing Authority of the City of Roberta, Ga. Housing Authority of the City of Royston Housing Authority of the City of Sandersville Housing Authority of the City of Soperton 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 Vienna Housing Authority of the City of Villa Rica Housing Authority of the City of Warner Robins, Georgia Housing Authority of the City of Washington Housing Authority of the City of Waycross Housing Authority of the City of Waynesboro Housing Authority of the City of Wrightsville Housing Authority of the County of Atkinson, Georgia Housing Authority of the County of Dekalb, Georgia Jackson County Water and Sewerage Authority Jackson Housing Authority Jeff Davis County Hospital Authority Jonesboro Housing Authority Lafayette Housing Authority Lagrange Housing Authority Lamar County Regional Solid Waste Authority Laurens County Solid Waste Management 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)
X

Postemployment Healthcare Benefits

Other Postemployment
Benefits

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

Name of Government
Liberty Consolidated Planning Commission Liberty County Industrial Authority Lumpkin County Water & Sewerage Authority Macon Water Authority Macon-Bibb County Industrial Authority Macon-Bibb County Transit Authority Madison County Industrial Development and Building Authority Mcpherson Local Implementing Redevelopment Authority Metropolitan Atlanta Rapid Transit Authority - ATU Local 732 Metropolitan Atlanta Rapid Transit Authority - Nonrepresented Middle Flint Regional E-911 Authority Morgan County Georgia Hospital Authority Newnan Convention Center Authority Newnan Water and Light Commission Newton County Water and Sewerage Authority Northwest Georgia Joint Development Authority Notla Water System Peachtree City Airport Authority Peachtree City Water and Sewerage Authority Pelham Housing Authority Pierce County Industrial Development and Building Authority Pike County Parks & Recreation Authority Polk County Water, Sewage and Solid Waste Authority Reidsville Housing Authority Satilla Regional Water and Sewer Authority Savannah Economic Development Authority Screven County Development Authority Solid Waste Management Authority of Atkinson County Southeast Georgia Consolidated Housing Authority Stephens County Development Authority Sumter County Livestock Authority Tennille Housing Authority Towns County Water and Sewerage Authority Unadilla Housing Authority Union Point Housing Authority Valdosta Housing Authority Valdosta-Lowndes County Airport Authority Valdosta-Lowndes County Conference Center and Tourism Authority Valdosta-Lowndes County Industrial Authority Valdosta-Lowndes County Parks and Recreation Authority Walker 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 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

Postemployment Healthcare Benefits

Other Postemployment
Benefits

X

X

X

X

X

X

X X

X X X X

X
X X

Insurance Contract

Page F-17

APPENDIX G
PUBLIC RETIREMENT SYSTEMS STANDARDS LAW HISTORY OF SIGNIFICANT CHANGES

Appendix G: 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 also required to certify that they have complied with the investment provisions outlined in O.C.G.A. 47-20-83. This Code section provides that certain local retirement plans shall not invest more than 50 percent of retirement plan assets in equities. This code section also prohibits investments in business entities organized in a country other than the United States or Canada. However, plans with assets in excess of $50 million may invest up to 55 percent of their assets in equities and up to 10 percent in corporations or in obligations of corporations organized in a country other than the United States or Canada. Systems that are not in compliance at all times during the reporting period are required to provide to the State Auditor a description of the noncompliance, the reason for the noncompliance, and an explanation of the corrective action taken.
Effective January 31, 2000, the provisions of this Code section were modified due to enactment of House Bill 617, the Public Retirement Systems Investment Authority Law. One of the provisions of this law was an increase in the percentage of total plan funds allowed to be invested in equities. Certain retirement plans with assets in excess of $50 million may not invest more than 60 percent of its assets in equities; all other funds may not invest more than 55 percent. These requirements are codified in O.C.G.A. 47-20-84. House Bill 617 also provided that any fund not in compliance with the limitations would be granted a two-year period to come into compliance, provided that during the period, the fund did not increase the percentage of its assets invested in equities.
Effective July 1, 2007, the provisions of this Code section were modified due to enactment of House Bill 318. One of the provisions of this bill was to increase the percentage of total plan funds allowed to be invested in corporations or in obligations of corporations organized in a country other than the United States or Canada. Certain retirement plans with assets in excess of $50 million may not invest more than 15 percent of its assets in such investments.
In 2009, the General Assembly passed House Bill 371, which became effective April 21, 2009. This bill changed the definition of a large retirement system to include any system which has more than $200 million in assets and certain retirement systems with an accumulated unfunded actuarial liability not greater than 25 percent of total assets (30 percent if total assets exceed $50 million). The
Page G-1

Appendix G: 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). In 2015, the General Assembly passed House Bill 217, which became effective July 1, 2015. This bill amended O.C.G.A. 47-20-83 so as to authorize public retirement systems to invest in mutual funds, commingled funds, collective investment funds, common trusts, and group trusts.
Page G-2