Report of the state auditor: local retirement systems

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REPORT OF THE STATE AUDITOR LOCAL RETIREMENT SYSTEMS
JANUARY 1, 2005
RUSSELL W. HINTON STATE AUDITOR
DEPARTMENT OF AUDITS AND ACCOUNTS
254 WASHINGTON STREET, S.W., SUITE 214
ATLANTA, GEORGIA 30334-8400 REC EI y ED

TABLE OF CONTENTS
LETTER OF TRANSMITTAL
INTRODUCTION .................................................................................. 1
COMPLIANCE WITH STATUTORY REQUIREMENTS 3
SUMMARY OF LOCAL RETIREMENT SYSTEMS 6
APPENDIX A: NON-RESPONDENT GOVERNMENTS A-1
APPENDIX B: INVESTMENT PORTFOLIO BREAKDOWN BY PLAN: OVER $50 MILLION IN RETIREMENT SYSTEM ASSETS B-1 UNDER $50 MILLION IN RETIREMENT SYSTEM ASSETS B-3
APPENDIX C: LISTING OF LOCAL RETIREMENT SYSTEMS-
DEFINED BENEFIT ................................................ C-1 APPENDIX D: HISTORICAL TREND DATA OF
FUNDED RA.TIO .....................................................D-1 APPENDIX E: POSTEMPLOYMENT BENEFITS OTHER THAN
DEFINED BENEFIT ................................................ E-1

RUSSELL W. HINTON
STATE AUDITOR (404) 656-2174

DEPARTMENT OF AUDITS AND ACCOUNTS
254 Washington Street, S.W., Suite 214 Atlanta, Georgia 30334-8400

January I, 2005
The Honorable Sonny Perdue, Governor Members of the General Assembly
Ladies and Gentlemen:
The State Auditor is required to report to the Governor and each member of the General Assembly once every two years on the financial condition of local retirement systems and on their compliance with investment requirements. This report is intended to fulfill the reporting requirement outlined in the Official Code of Georgia Annotated, Section 47-1-4 and to provide information about local retirement systems in Georgia and their adherence with the Public Retirement Systems Standards Law. A copy of this report has been filed as a permanent record with the State Auditor and is available to the public.

Information contained in this report was obtained from the actuarial investigations and financial reports submitted by the local retirement systems. Appreciation is expressed to the officials of the local governments and the local retirement systems for their assistance in compiling this report.

RWH/th-ca

Respectfully submitted,
r ~..{r2_ w.4..1-s.. Russell W. Hinton State Auditor

LOCAL RETIREMENT SYSTEMS
INTRODUCTION
Purpose ofthe Report
The purpose of this report is to comply with the Official Code of Georgia Annotated (OCGA), Section 47-1-4 which requires the State Auditor to report on the condition and actuarial soundness of local retirement systems. In addition, state law requires the State Auditor to report on the retirement systems' compliance with the investment requirements outlined in OCGA 47-20-83.
This report addresses local retirement systems' compliance with the reporting requirements established in OCGA 47-1-3, adherence to the Public Retirement Systems Standards Law (OCGA 47-20-1 et. seq.), and compliance with investing requirements specified in OCGA 47-20-83. The report also provides information on the known number and type of local retirement systems in Georgia; this includes municipalities, counties, consolidated governments, Regional Development Centers, local boards of education, and authorities.
Responsibilities ofthe Local Retirement System
The Public Retirement Systems Standards Law (OCGA 47-20-1 et. seq.) provides minimum funding standards for local retirement systems. In accordance with OCGA 47-1-3, every two years each local retirement system is required to

Local Retirement terns

2

file with the State Auditor an actuarial investigation demonstrating compliance with the minimum funding standards. Each local retirement system is also required to file financial reports with its actuarial investigation. The financial reports must contain information on the system's receipts and disbursements, provide data regarding system membership and beneficiaries, and cite any changes to the system since the previous actuarial investigation.
Effective July 1996, local retirement systems 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 OCGA 47-20-83. This Code section provides that certain local retirement systems shall not invest more than 50 percent of retirement system assets in equities. However, systems with assets in excess of $50 million may invest up to 55 percent of their assets in equities. 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 system funds allowed to be invested in equities. Retirement systems 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 OCGA 47-20-84. House Bill 617

Local Retirement ystws

3

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.

Responsibility ofthe State Auditor

After the local retirement systems have filed the actuarial investigations and financial reports, the State Auditor is required to report on the condition of these systems 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 2005 reporting period.

COMPLIANCE WITH STATUTORY REQUIREMENTS
Reporting Requirements
Except as noted, all municipalities, counties, consolidated governments, Regional Development Centers, local boards of education, and authorities with identified retirement systems have complied with the state's reporting requirements. City of Fitzgerald, Burke County, Evans County, Upson County, Warren County, Fulton County Board of Education, and Washington County Memorial Hospital have failed to comply with the reporting requirements established in OCGA 47-1-3. Consequently, as required by OCGA 47-1-5, the

LocaJ Retirement xstews

4

director of the Office of Treasury and Fiscal Services has been notified to withhold any state funds payable to these entities until the actuarial investigation and financial reports are submitted.
In addition to those noncompliant governments with identified retirement plans listed above, Appendix A provides a listing of governments that did not respond to requests for information. The governments were repeatedly notified by letter of the reporting requirements. The type of retirement benefits that are offered by these governments is unknown.

Funding Requirements

All applicable retirement systems were, according to their actuaries, funded in accordance with the Public Retirement Systems Standards Law (OCGA 47-20-1 et. seq.). No retirement systems were identified which had granted benefit increases while not meeting the minimum funding standards.

Investing Requirements

Except for the following, all applicable retirement systems provided information regarding their compliance with the investment requirements outlined in OCGA 47-20-83. According to the certifications received from the local retirement systems, one system did not comply with the investing requirements at all times during the two-year reporting period. The City of Savannah reported that the City's investments in equities did exceed the 60% limit specified in OCGA

Local Retirement xstews

5

47-Z0-84 during 2003. However, the City certified that the investments were redistributed in 2004 and now meets the investing requirements. The City of Macon did not submit their certification of investment practices.
In addition to the investment certification, local government retirement systems were requested to provide a breakdown of their investment portfolio. Appendix B provides a detailed listing of investment assets by type. A large number of respondents reported investments in mutual funds and exchange traded funds. It should be noted that mutual funds and exchange traded funds are not expressly authorized by OCGA 47-20-83. Governments with assets in excess of $50 million are shown in appendix B beginning on page B-1. Governments with assets less than $50 million are shown in appendix B beginning on page B-3. Those governments with assets in excess of $50 million meet the definition of a large retirement system under OCGA 47-20-84. In addition, the definition of a large retirement system includes plans administered by Georgia Municipal Employees Benefit System and Association County Commissioners of Georgia. Large retirement systems are allowed to invest not more than 60 percent of its assets in equities. All other retirement systems are allowed to invest not more than 55 percent of its assets in equities.

Local Retirement xstews

6

SUMMARY OF LOCAL RETIREMENT SYSTEMS
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 eJ?-titled 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 has established minimum funding standards to ensure the actuarial soundness of public retirement systems. These standards provide that an employer must make an annual contribution to the system 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 437 defined benefit plans subject to the Public Retirement Systems Standards Law. Of this total, 86 (20%) are selfadministered. Exhibit I shows the number of defined benefit plans by type of local government unit.

Local Retirement systems

7

Exhibit I NUMBER OF DEFINED BENEFIT RETIREMENT SYSTEMS BY TYPE
OF LOCAL GOVERNMENT UNIT

Governmental Units

Total Number

Number With Local
Retirement Systems

Number of Local
Retirement Systems (1)

Percent With Local
Retirement Systems

Municipalities (2)

528

254

Counties

156

106

Consolidated Governments

3

3

Regional Development Centers

16

9

Local Boards of Education

180

3

Local Authorities (3)

943

43

TOTALS

1826

418

262

48%

108

68%

12

100%

9

56%

3

2%

43

5%

437

23%

(1) Some governments have more than one retirement system (2) Incorporated/active municipalities from the Georgia Department of Community Affairs (3) Local authorities identified by the Georgia Department of Community Affairs

GMEBS and ACCG Administered Plans
The Georgia Municipal Employees Benefit System (GMEBS) administers retirement programs for 264 local governments. The Association County Commissioners of Georgia (ACCG) administers retirement programs for 87 local governments. Local governments with plans administered by these two organizations are not required to submit separate actuarial valuations or financial reports. The two organizations issue a consolidated report or individual reports on all member systems.

J,,2sa1Retirement xstews

8

Summary OfDefined Benefit Plans

Exhibit II shows the number of local governmental units that have retirement plans and separates those plans that are self-administered by local governmental units from those administered by GMEBS or ACCG.

Exhibit II
ADMINISTRATORS OF LOCAL RETIREMENT SYSTEMS

Governmental Units

SelfAdministered (1) GMEBS (2) ACCG(3)

Municipalities

29

Counties

22

Consolidated Governments

10

Regional Development Centers

2

Local Boards of Education

3

Local Authorities

20

TOTALS

86

233

0

0

86

2

0

7

0

0

0

22

1

264

87

(1) Including closed systems (2) Georgia Municipal Employees Benefit System (3) Association County Commissioners of Georgia

Total
262 108
12 9 3 43 437

Appendix C provides a listing of the municipalities, counties, consolidated governments, Regional Development Centers, local boards of education, and authorities with identified retirement systems. The listing identifies the type of retirement plan operated by the retirement system, the actuarial value of plan assets (A), the actuarial accrued liability (B), and the funded ratio (A/B). The funded ratio from the 1998, 2000, 2002, and 2004 biennial retirement reports are presented in Appendix D. Analysis of the dollar amount of the actuarial value of

Local Retirement xstews

9

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 system is becoming financially stronger or weaker. Generally, the greater this percentage, the stronger the plan.

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 retirement systems. Therefore, these plans are not included in this report. However, to assist readers in obtaining a more complete understanding of the postemployment benefits offered by local governments, Appendix E 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

b2sa1Retirement xstews

10

plans do not incur a 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 retirement systems. Therefore, these plans are not included in this report. No local governments reported 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 postemployment benefits offered by local governments, Appendix E includes a listing of governments offering a deferred compensation plan.

Other Post Employment Benefits

Other postemployment benefits are benefits (other than pension benefits) provided between termination of employment and retirement as well as the period after retirement. Other postemployment benefits (OPEB) 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

k2sa1Retirement xstsws

11

more complete understanding of the postemployment benefits offered by local governments, Appendix E includes a listing of governments offering postemployment healthcare benefits and other postemployment benefits.

APPENDIX A
NON-RESPONDENT GOVERNMENTS

Appendix A: Non-Respondent Governments
CITIES
Alston Avalon Ball Ground Boston Bostwick Brooks Cadwell Cohutta Dooling Dudley Grantville Grayson Keysville Leslie Lilburn Lula Martin North High Shoals Ranger Sharon Sparta Talbotton Twin City Vidette
COUNTIES
Echols County Evans County Towns County Treutlen County
LOCAL BOARDS OF EDUCATION
City of Rome Board of Education Chatham County Board of Education Clayton County Board of Education Fayette County Board of Education Forsyth County Board of Education
LOCAL AUTHORITIES
Atlanta Development Authority Bacon County Development Authority Bacon Industrial Building Authority Barrow-Gwinnett Economic Development Authority Boston Downtown Development Authority Brooks County Development Authority Cedartown Development Authority Cedartown Downtown Development Authority Chatham County Recreation Authority Chehaw Park Authority City of Atlanta Fulton County Recreation Authority City of Augusta Residential Care Facility for the Elderly Authority City of Commerce Downtown Development Authority City of Cumming Development Authority
Page A-I

Appendix A: Non-Respondent Governments
City of East Point Development Authority Clarke County Airport Authority Dade County Industrial Development Authority Dade County Water and Sewer Authority Development Authority for the City of Savannah Development Authority of Ben HiJI County Development Authority of Bremen, Georgia Development Authority of Butts County Development Authority of Columbia County Development Authority of Effingham County Development Authority of Peach County Development Authority of Putnam County Development Authority of Screven County Development Authority of St. Marys Development Authority of Vidalia Dodge County/Eastman Development Authority Downtown Development Authority for the City of Savannah Downtown Development Authority of Brunswick Downtown Development Authority of Buchanan Downtown Development Authority of Cornelia Downtown Development Authority of Metter Downtown Development Authority of the City of Baconton Downtown Development Authority of the City of Decatur Downtown Development Authority of the City of Glenwood, Georgia Downtown Developn;ient Authority of the City of Smithville Downtown Development Authority of Vidalia Economic Development Authority of the City of Tifton Effingham County Industrial Development Authority Emanuel County Hospital Authority Fulton County Hospital Authority Fulton County/City of Atlanta Land Bank Authority, Inc. Gainesville and Hall County Development Authority Gainesville Redevelopment Authority Glynn-Brunswick Memorial Hospital Authority Hancock County Hospital Authority Hawkinsville Downtown Development Authority Henry County Development Authority Hospital Authority of Dooly County, Georgia Hospital Authority of Early County, Georgia Hospital Authority of Lumpkin County Hospital Authority of Savannah Hospital Authority of Tattnall County, Georgia Hospital Authority of the City of Smyrna, Georgia Housing Authority City of Sylvester, GA Housing Authority of City of Carrollton Housing Authority of the City of Blakely, Georgia Housing Authority of the City of Byron Housing Authority of the City of Greensboro, Georgia Housing Authority of the City of Macon, Georgia Housing Authority of the City of Nahunta Housing Authority of the City of Perry, Georgia Housing Authority of the City of Thomasville, Georgia Housing Authority of the City of Tifton, Georgia Housing Authority of the City of WrightsviJle Industrial Development Authority of Butts County Jackson County Water and Sewage Authority Joint Development Authority of Carroll, Haralson, Polk, Heard and Troup Counties Joint Development Authority of Metropolitan Atlanta LaFayette Hospital Authority Liberty County Solid Waste Authority Meriwether County Public Facilities Authority Miller County Development Authority
Page A-2

Appendix A: Non-Respondent Governments
Miller County Recreation Authority Northwest Georgia Joint Development Authority Pierce County Industrial Development and Building Authority Pike County Arts Facility Authority Randolph County Development Authority Residential Care Facilities for the Elderly Authority of Whitfield County Savannah Economic Development Authority Screven County Development Authority Southwest Georgia Regional Development Authority Sparta-Hancock County Development Authority St. Marys Airport Authority St. Marys Downtown Development Authority Sumter County Livestock Authority Taylor County Development Authority Telfair-Wheeler Airport Authority Telfair-Wheeler Joint Development Authority The Hospital Authority of the City of Augusta Tift-Turner-Worth-Cook Joint Development Authority Upson County Water and Sewerage Authority Urban Residential Finance Authority of the City of Atlanta, Georgia Valdosta Housing Authority Valdosta-Lowndes County Industrial Authority Washington County Airport Authority West Point Downtown Development Authority
PageA-3

APPENDIXB
INVESTMENT PORTFOLIO BREAKDOWN
BY PLAN

Over $50 Million in Retirement System Assets

Q!!! Albany Pension Plan, City of Atlanta Firefighters' Pension Fund A1lanta General Employees and Employees
of the Atlanta Board of Education Atlanta Police Officers Macon Fire & Police Retirement System Macon General Employees
Pension & Retirement System Marietta General Pensioo Plan, City of Savannah Employees Retirement Plan, City of
Coyntles Bibb County Pensioo Plan Chatham County Employees Retirement Plan Cobb County Board of
Commissioners Retirement Income Plan DeKalb County Pension Plan Fulton County Employees' Pension Plan
Consolidated Athens-Clarke County Employees' Pension Plan Augusta General Retirement Plan 1949 Colwnbus Consolidated Government Employees' Pension
Plan and Columbus Consolidated Government Plan for Employeees of 1he Department of Public Safety
Local Boards of Education (1) Gwinnen County Board of Education Retirement System
AuthorUles Fuhon-DeKalb Hospital Authority Metro Atlanta Rapid Transit Authority
Non-Represented Pension Plan Metro Atlanta Rapid Transit Authority
Union Employees Retirement Plan

Most Recent Mutual Funds/ Similar

Asof

Asset Pools

Exchange Traded Funds

Investments In US and

Canadian

Corporations or

Oblia:atlons of US Government Bonds,

Corporations

Notes, and Warrants

U.S. Government Guaranteed Loans

313012004

47 00

11 00

3/31/2004

10 84

8.63

16 40

9 76

3/31/2004 3/3112004 6/30/2004

32 70 6 31

66 50

17 33 43 50

22.92 JO 10 19 86

6130/2004 5/5/2004 12/31/2003

55 59

43 20

45 00 67 10

4000 I I 50

State Taxable Bonds, Notes, or Warrants

Bonds, Notes, Warrants, and other securities not In default which are the direct obligations of the government
of any foreign county the International Monetary Fund Lists as
an lndustrlallzed country

Subtotal to Page B-2

58 00

004

45 67

40.25 86.30 92 67

98.79 85.00 78 60

3/31/2004 3/3112004
4/30/2004 6130/2004 12131/2003

42 00 20 69

63 09 77 20
35 00 60 30 57 02

12 71 4.10
3 00
2 44

75 80 81.30
80.00 60 30 80 15

3/3112004

7 80

12/31/2003

60.50 53 00

15 40

83 70 5300

3/31/2004

7 00

48 00

10.00

65.00

6/1612004

40.44

5 96

31 06

6.43

0.14

84.03

12/31/2003

5/31/2004

6/30/2004

4 00

51 65 63 63 9 00

16 00

15 93 4 00

67 58

63 63

1.00

I 00

35 00

1 - Since the City of Atlanta's Board of Education is part of the City's plan, infonnation is provided with the City of Atlanta

Page B-1

Over $50 Million in Retirement System Assets

Cities Albany Pension Plan, City of Atlanta Firefighters' Pension Fund Atlanla General Employees and Employees
of the Atlanta Board of Education Atlanta Police Officers Macon Fire & Police Retirement System Macon General Employees
Pension & Retirement System Marietta General Pension Plan, City of Savannah Employees Retirement Plan, City of
Count;es Bibb County Pension Plan Chatham County Employees Retirement Plan Cobb County Board of
Commissioners Retirement Income Plan DeKalb County Pension Plan Fulton County Employees' Pension Plan
Consolidated Athens-Clarke County Employees' Pension Plan Augusta General Retirement Plan 1949 Colwnbus Consolidated Government Employees' Pension
Plan and Columbus Consolidated Government Plan for Employeees of the Department of Public Safety
Local Boards or Education (1) Gwinnett County Board of Education Retirement System
Authorities Fulton-DeKalb Hospital Authority Metro Atlanla Rapid Transit Authority
Non-Ripresentcd Pension Plan Metro Atlanta Rapid Transit Authority
Union Employees Retirement Plan

Subtotal from Page 8-1

Bonds, Debentures, or other securities Issued
or Insured or guaranteed by any US agency, authority, unit,
or corporate body

Bonds, Debentures,

Notes, and other

Collaterlzed mortgage evidence of Indebtedness

obligations that are

issued, assumed, or

listed as investment guaranteed by any US or

grade by a nationally

Canadian solnnt

recognized rating a2ency

Institution

Loans that ne secured by pledge or eligible securities

Mortgage or mortgage
participations

Real Property

Cash and cash Equivalents

58 00

45.67

540

16 29

29 00

4 00

063

913

40.25

0.09

86.30

010

92.67

2 81

5 77

8 40

5 20

0.88

3.64

98.79

8500

5 00

5 00

78 60

070

5 00

9.20

2.90

Other 9 00 22.88 53.89
0.51 9.30

75.80

21.80

8130

7 80

8000

4 00

60.30

39.70

8015

16 70

1.65

13 00 0 08

2 40

2.10

8.80

3 00

I 40

0.02

83.70 53 00

43 00

16.30

200

2 00

65 00

11 00

20.00

4 00

84.0J

4.19

9 85

I 93

67.58

23.82

0.52

I 53

63 63

J0.87

35 00

3 00

I 00

t0OO

3 29

3 26

5 50

6 00

45 00

Total 10000 10000 10000 10000 10000 10000 100.00 10000
100.00 10000 10000 10000 100.00
10000 100.00
10000
10000
10000 10000 100.00

1 - Since the City of Atlanta's Board of Education 1s part of the City's plan, information is provided with the City of Atlanta

Page B-2

Under $50 Million in Retirement System Assets

Cities Bloomingdale Defined Benefit Plan, City of Brunswick Retirement Plan, City of Cartersville Retirement Plan, City of Clayton Employees' Retirement Plan Covington Retirement Plan Dalton Employees Pension Plan, City of Decatur Employees' Retirement System East Point Retirement Plan, City of Forsyth Retirement Plan for employees, City of Gainesville Retirement Plan A, City of Griffin Employee Aid Fund, City of Milledgeville Retirement Plan Moultrie Pension Plan, City of Pooler Retirement Plan, City of Savannah Pension Plan 2 Thomasville Pension Plan, City of Tifton Retirement Plan, City of West Point Pension Plan, City of
Counties Baldwin County Board of Commissioners
Defined Benefit Plan Clayton County Pension Plan Coweta County Pension Plan Dougherty County Retirement Plan Forsyth County Defined Benefit Plan Glynn County Board
ofCommissioners Pension Plan Habersham County Employees' Retirement Plan Lee County Retirement Plan Liberty County, Retirement Plan of Peach County Retirement Plan Polk County Board ofCommissioners
Employees' Retirement Income Plan Walker County Commissioners' & Sheriffs
Department Defined Benefit Pension Plan
JNp - Information not provided.

Most Recent As Mutual Funds/ Similar

or

Asset Pools

Exchange Tnded Funds

Investments in US and

Canadian

Corporations or

ObHgations of US Government Bonds,

Corporations

Notes, and Warrants

U.S. Government Guaranteed Loans

State Taxable Bonds, Notes, or Warrants

Bonds, Notes, Warrants, and other securities not in default which are
the direct obUgations of the government of any foreign county the International Monetary Fund Lists as an industrialized country

Subtotal to Page 8-4

6/30/2003

3/31/2004

6/24/2004

52.10

5/31/2004

25.00

12/31/2003

3/31/2004

99.85

4/30/2004

99.40

8/31/2004

Did not respond to investment survey.

7/1/2003

6/30/2004

50.00

12/31/2003

67.22

9/30/2003

4.00

6/30/2004

100.00

Did not respond to inveSbnent survey.

12/31/2003

12/31/2003

2.00

3/31/2003

80.30 62.40 41.30
59.90 61.00 50.00 43.00
35.90

33.50
6.00 30.00
5.21 3.00

12.00

80.30 95.90 93.40 25.00
0.00 99.85 99.40 65.90
91.00 100.00 72.43 62.00 100.00
0.00 37.90
0.00

6/22/2004 !NP 6/24/2004 6/30/2003 12/31/2003

67.96 42.00
45.00

3/31/2004

Did not respond to investment survey.

7/1/2003

39.70

6/30/2004

100.00

6/20/2004

Did not respond to investment survey.

12/31/2003

100.00

7.87 50.00
54.00 86.51

12.80 25.50

75.83 92.00
0.00 0.00 99.00
99.31
65.20 100.00
0.00
100.00

Page B-3

Under $50 Million in Retirement System Assets

Q!iY Bloomingdale Defined Benefit Plan, City of Brunswick Retirement Plan, City of Cartersville Retirement Plan, City of Clayton Employees' Retirement Plan
Covington Retirement Plan Dallon Employees Pension Plan, City of Decatur Employees' Retirement System East Poinl Retirement Plan, City of Forsyth Retirement Plan for employees, City of Gainesville Retirement Plan A, City of Griffin Employee Aid Fund, City of Milledgeville Retirement Plan Moultrie Pension Plan. City of Pooler Retirement Plan, City of Savannah Pension Plan 2 Thomasville Pension Plan, City of Tifton Retirement Plan, City of West Point Pension Plan, City of
~ Baldwin County Board ofCommissioners
Defined Benefit Plan Clayton County Pension Plan Coweta County Pension Plan Dougherty County Retirement Plan Forsyth County Defined Benefit Plan Glynn County Board
of Commissioners Pension Plan Habersham County Employees' Retirement Plan Lee County Retirement Plan Liberty County, Retirement Plan of Peach County Retirement Plan Polk County Board of Commissioners
Employees' Retirement Income Plan Walker County Commissioners' & Sheriffs
Department Defined Benefit Pension Plan
"'INP - lnfonnation not provided.

Subtotal from Page 8-3

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

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

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

Loans that are secured by pledge or eUgible securities

Mortgage or mortgage
participations

Real Property

Cash and cash Equivalents

80,30

95,90

93.40

25.00

75.00

0.00

99.85

99.40

65.90

6.50

Did not respond to investment survey.

91.00

100.00

72.43

62.00

100.00

Did not respond to investment survey.

0.00

37.90

39.10

0.00

11.10 0.13

30.00

19.70 4.10 6.60

100.00

0.15

0.60

1.00

6.70

9.00

16.15 4.00

8.60 23.00

Other
8.80 11.29 4.00 91.40 100.00

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

75.83

5.22

92.00

0.00

0.00

99.00

99.31 Did not respond to investment survey.
65.20 100.00
0.00

Did not respond to investment survey.

100.00

25.50

1.48

17.47

100.00

6.00

2.00

100.00

100.00

100.00

100.00

100.00

1.00

100.00

0.69

100.00

9.30

100.00

I00.00

100.00

100.00

100.00

Page B-4

Under $50 Million in Retirement System Assets

Consolidated Governments Richmond County Employee
Pension Fund ( 1945) Richmond County Retirement
Plan for Employees
Re1ional Develol!gnt Cent9::n Atlanti Regional Commission Retirement Plan Southwest Georgia RDC Retirement Plan
Local Authorities Atlanta Housing Authority, City of Austell Gas System Retirement Plan Carroll County Water Authority Cobb County-Marietta Water Authority Columbus Medical Center Hospital Authority Fitzgerald Water, Light, and Bond Commission Floyd County Hospital Authority Houston County Hospital Authority Macon Water Authority Macon-Bibb County Transit Authority Newnan Water and Light Commission Peach County Hospital Authority Polk County Water Authority Roswell Housing Authority, City of Valdosta/Lowndes County Hospital Authority Walker County Water and Sewage Authority

Most Rttent As Mutual Funds/ Similar

of

Asset Pools

Exchange Traded Funds

Investments in US and

Canadian

Corporations or

Ob6gations of US Government Bonds,

Corporations

Notes, and Warrants

U.S. Government Guaranteed Loans

State Taxable Bonds, Notes, or Warnnts

Bonds, Notes, Warrants, and other securities not In derault which are
the direct ob6gations of the government or any foreign county the International Monetary Fund Lists as an industrialized country

Subtotal to Page 8-6

12/31/2003 12/31/2003

53.00 52.00

43.00 43.00

96.00 95.00

12/31/2003 3/31/2004

49.40

24.00

46.00

70.00 49.40

12/31/2003 5/31/2004 7/1/2003 12/31/2003 6/30/2003 6/30/2003 7/12/2004 6/30/2004 6/30/2003 12/31/2003 12/31/2003 4/30/2003 12/31/2003 12/31/2003 3/31/2004 12/31/2003

100.00 38.00 56.70 76.36
100.00 100.00 94.80
12.40
60.00
35.40

21.00

35.00
36.57
5.00 32.50 66.66 19.00
29.00

6.00 14.11 30.54
20.70 I 1.00
20.00

100.00

79.00

56.70

90.47

1.00

68.11

100.00

100.00

99.80

0.70

66.30

77.66

79.00

0.00

0.00

35.40

70.00

0.00

Page B-5

Under $50 Million in Retirement System Assets

Consolidated Governments Richmond County Employee
Pension Fund (1945) Richmond County Retirement
Plan for Employees
Regional Development Centen Atlanta Regional Commission Retirement Plan Southwest Georgia RDC Retirement Plan
Local Authorities Atlanta Housing Authority, City of Austell Gas System Retirement Plan Carroll County Water Authority Cobb County-Marietta Water Authority Columbus Medical Center Hospital Authority Fitzgerald Water, Ligh~ and Bond Commission Floyd County Hospital Authority Houston County Hospital Authority Macon Water Authority Macon-Bibb County Transit Authority Newnan Water and Light Commission Peach County Hospital Authority Polk County Water Authority Roswell Housing Authority, City of Valdosta/Lowndes County Hospital Authority Walker County Water and Sewage Authority

Subtotal from Page 8-S

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

Collaterized mortgage obligations that are listed as investment grade by a nationaUy m:ognized rating agency

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

Loans that are secured by pledge or eligible securities

Mortgage or mortgage
participations

Real Property

Cash and cash Equivalents

Other

Total

96.00 95.00

3.00

1.00

100.00

5.00

100.00

70.00 49.40

30.00 50.60

100.00 100.00

100.00 79.00 56.70 90.47 68.11 100.00 100.00 99.80 66.30 77.66 79.00 0.00 0.00 35.40 70.00 0.00

13.00 14.44

8.13 25.35

2.40

22.40

2.79

12.00

100.00

8.00

100.00

43.30

100.00

1.40

100.00

3.04

3.50

100.00

100.00

100.00

0.20

100.00

8.90

100.00

5.11

100.00

4.00

17.00

100.00

100.00

100.00

100.00

100.00

64.60

100.00

18.00

100.00

12.48

87.52

100.00

Page B-6

APPENDIXC
LISTING OF LOCAL RETIREMENT SYSTEMS-
DEFINED BENEFIT

Appendix C: Listing of Local Retirement Systems

CITIES
Abbeville Retirement Plan, -City of Acworth Retirement Plan, City of Adairsville Retirement Plan, City of Alamo Retirement Plan, City of (I) 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 Butler Retirement Plan, City of

TYPE OF PLAN
GMEBS GMEBS GMEBS GMEBS Defined Benefit GMEBS GMEBS GMEBS GMEBS GMEBS Defined Benefit Defined Benefit
Defined Benefit GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS
GMEBS GMEBS Defined Benefit GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Defined Benefit GMEBS GMEBS GMEBS GMEBS

ACTUARIAL VALUE OF PLAN ASSETS
$110,656 $2,340,495 $1,285,383
$18,399 $101,234,395
$2,462,754 $9,947,926 $8,439,217
$286,689 $1,924,007 $320, I93,000
$697,749,000 $109,367,500 $437,282,000
$22,566 $101,296 $3,239,476 $718,152 $4,710,485 $4,663,214 $2,024,173
$5,505 $624,404 $272,431
$49,876 $4,297,308
$383,445 $184,290 $1,030,519 $142,342 $1,707,026 $99,151 $19,616 $2,452,035 $233,457 $463,388 $3,878,988 $458,187

Page C-1

ACTUARIAL ACCRUED LIABILITY
$256,776 $2,058,832 $1,481,359
$92,580 $116,585,581
$2,547,584 $12,096,568
$8,094,112 $265,488
$1,755,463 $413,191,000
$1,070,173,370 $579,890,481 $592,428,000 $41,296 $91,251 $3,162,197 $828,196 $4,770,365 $5,449,387 $2,515,905 $20,700 $748,693 $372,360
$19,496 $3,700,534
$484,477 $357,473 $1,028,385 $216,542 $1,807,581 $199,141 $65,856 $2,452,035 $274,498 $572,939 $3,857,632 $455,680

FUNDED RATIO
43.09% 113.68% 86.77%
19.87% 86.83% 96.67% 82.24% 104.26% 107.99% 109.60% 77.49%
65.20% 18.86% 73.81% 54.64% 111.01% 102.44% 86.71% 98.74% 85.57% 80.46% 26.59% 83.40% 73.16%
255.83% 116.13% 79.15% 51.55% 100.21% 65.73% 94.44% 49.79% 29.79% 100.00% *5 85.05% 80.88% 100.55% 100.55%

Appendix C: Listing of Local Retirement Systems

Byron Retirement Plan, City of Cairo Retirement Plan, City of Calhoun Retirement Plan, City of (I) Calhoun Retirement Plan, City of Camilla 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 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 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 Dawson Retirement Plan, City of Dawsonville Retirement Plan, City of (I) Decatur Employees' Retirement System Doerun Retirement Plan, City of Donalsonville Retirement Plan, City of Doraville Retirement Plan, City of

TYPE OF PLAN GMEBS GMEBS GMEBS Defined Benefit (Closed) GMEBS GMEBS GMEBS GMEBS Defined Benefit GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Defined Benefit GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Defined Benefit GMEBS GMEBS GMEBS GMEBS GMEBS Defined Benefit GMEBS GMEBS GMEBS GMEBS Defined Benefit GMEBS GMEBS GMEBS

ACTUARIAL VALUE OF PLAN ASSETS
$4,165,985 $5,447,217
$230,876 *6 $3,147,812 $2,281,550
$45,218 $11,793,503 $14,855,067
$257,028 $5,472,365 $1,616,124 $9,005,443
$917,082 $4,823
$1,092,358 $800,342
$1,533,328 $1,155,776
$434,842 $1,470,713 $41,902,856
$528,945 $91,947 $4,198,808 $5,978,453 $6,735,680 $2,414,328 $12,918,745 $4,127,768 $263,648 $384,563 $1,814,650 $1,660,222 $42,452,389 $15,889 $899,222 $1,967,111
$6,998 $17,397,640
$364,581 $1,768,947 $10,434,896

Page C-2

ACTUARIAL ACCRUED LIABILITY $4,198,645 $5,583,254 $1,130,651 *6 $3,079,845 $3,589,355 $84,204 $13,410,891 $24,214,720 $285,467 $7,285,282 $2,370,178 $8,453,332 $1,028,775 $23,533 $1,078,Q?O $740,509 $1,413,052 $1,756,332 $434,842 $2,230,928 $54,073,627 $460,864 $142,800 $4,537,008 $5,557,856 $7,069,761 $2,044,510 $ I4,185,343 $6,379,572 $529,043 $632,374 $2,156,848 $1,772,994 $74,056,656 $30,938 $914,220 $2,101,695 $125,280 $17,397,640 $463,850 $1,700,100 $11,126,063

FUNDED RATIO
99.22% 97.56% 20.42% *6 102.21% 63.56% 53.70% 87.94% 61.35% 90.04% 75.12% 68.19% 106.53% 89.14% 20.49% 101.33% 108.08% 108.51% 65.81% 100.00% *5 65.92% 77.49% 114.77% 64.39% 92.55% 107.57% 95.27% 118.09% 91.07% 64.70% 49.83% 60.81% 84.13% 93.64% 57.32% 51.36% 98.36% 93.60% 5.59% 100.00% *5 78.60% 104.05% 93.79%

Appendix C: Listing of Local Retirement Systems

Douglas Retirement Plan, City of Douglasville Retirement Plan, City of Dublin Retirement Plan, City of Duluth Retirement Plan, City of East Ellijay Retirement Plan, City of East Point Retirement Plan, City of Eastman Retirement Plan, City of Eatonton Retirement Plan, City of Elberton Retirement Plan, City of Ellaville Retirement Plan, City of Ellijay Retirement Plan, City of Emerson Retirement Plan, City of Enigma Retirement Plan, Town of Fairburn Retirement Plan, City of Fayetteville Retirement Plan, City of Fitzgerald Retirement Plan, City of Forsyth Retirement Plan for Employees, City of Fort Oglethorpe Retirement Plan, City of Fort Valley Retirement Plan, City of Franklin Retirement Plan, City of Gainesville Retirement Plan, City of Gainesville Retirement Plan A, City of Garden City Retirement Plan, City of Georgetown 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 Employee Aid Fund, 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 Helena Retirement Plan, City of Hephzibah Retirement Plan, City of

TYPE OF PLAN GMEBS GMEBS GMEBS GMEBS GMEBS Defined Benefit GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Defined Benefit Defined Benefit GMEBS GMEBS GMEBS GMEBS Defined Benefit GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Defined Benefit GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS

ACTUARIAL VALUE OF PLAN ASSETS
$18,480,549 $ I0,869,688 $10,559,849
$275,797 $129,252 $50,721,022 $1,718,368 $2,203,996 $12,111,040 $537,38 I $413,796 $218,376
$54,622 $4,706,365 $3,805,738 *3 $2,411,905 $2,502,729 $3,241,122
$325,952 $2,454,855 $44, I93,025 $1,951,579
$31,869 $56,611 $1,301,834 $730,367 $107,850 $1,598,737 $142,009 $31,127,256 $747,845 $64,042 $40,526 $378,101 $894,732 $21,143,348 $291,801 $2,632,095 $1,596,533 $1,552,591 $197,480 $212,563

Page C-3

ACTUARIAL ACCRUED LIABILITY $20,816,646 $13,856,122 $ I0,235,287 $444,542 $269,071 $95,458,197 $1,748,737 $2,099,205 $11,25 I,08 I $597,859 $391,095 $283,225 $53,412 $4,239,136 $5,002,350 *3 $2,076,814 $2,970,286 $3,328,948 $357,750 $4,363,300 $62,274,733 $2,195,026 $83,168 $89,283 $1,258,482 $738,752 $254,732 $1,410,492 $219,944 $43,342,397 $887,752 $117,275 $63,716 $401,608 $1,043,632 $31,520,828 $444,163 $2,727,344 $1,749,550 $1,425,590 $314,568 $275,408

FUNDED RATIO
88.78% 78.45% 103.17% 62.04% 48.04% 53.13% 98.26% 104.99% 107.64% 89.88% 105.80% 77.10% 102.27% 111.02% 76.08% *3 116.13% 84.26% 97.36% 91.11% 56.26% 70.96% 88.91% 38.32% 63.41% 103.44% 98.86% 42.34% 113.35% 64.57% 71.82% 84.24% 54.61% 63.60% 94.15% 85.73% 67.08% 65.70% 96.51% 91.25% 108.91% 62.78% 77.18%

Appendix C: Listing of Local Retirement Systems

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 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 Lumber City Retirement Plan, City of Lumpkin Retirement Plan, City of Lyons Retirement Plan, City of Macon Fire & Police Retirement System Macon General Employees
Pension & Retirement System Madison Retirement Plan, City of Manchester Retirement Plan, City of Marietta General Pension Plan, City of Marshallville Retirement Plan, City of McRae Retirement Plan, City of Menlo Retirement Plan, City of MidvilJe Retirement Plan, City of (I) Midway Retirement Plan, City of Milledgeville Retirement Plan Millen Retirement Plan, City of Monroe Retirement Plan, City of Montezuma Retirement Plan, City of

TYPE OF PLAN GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Defined Benefit
Defined Benefit GMEBS GMEBS Defined Benefit GMEBS GMEBS GMEBS GMEBS GMEBS Defined Benefit GMEBS GMEBS GMEBS

ACTUARIAL VALUE OF PLAN ASSETS
$178,574 $7,160,649
$390,325 $1,789,348
$64,337 $5,249,61 I
$939,199 $1,501,074
$205,405 $6,436,500 $1,746,129 $2,743,269 $2,673,708 $6,459,919 $17,542,262
$154,394 $1,072,001
$288,260 $110,062 $286,207 $632,114 $469,054 $764,550 $617,928 $1,372,647 $459,790 $557,288 $1,331,381 $136,442,326
$57,097,981 $4,454,634 $2,502,325
$72,537,874 $218,G46
$1,382,305 $15,298 $4,952 $73,870
$4,839,322 $1,659,645 $2,790,556 $3,453,281

Page C-4

ACTUARIAL ACCRUED LIABILITY $373,336 $7,039,179 $452,653 $1,493,960 $106,686 $4,748,056 $1,163,891 $1,716,368 $321,467 $6,732,676 $1,667,184 $4,271,945 $2,935,817 $6,127,361 $17,335,546 $246,336 $1,010,572 $441,508 $165,777 $365,159 $416,563 $555,334 $1,260,910 $432,830 $1,248,794 $457,234 $641,634 $1,167,272 $136,442,326
$57,097,981 $4,757,187 $2,266,508
$100,887,926 $143,812
$1,159,229 $42,549 $97,870
$157,077 $6,624,107 $1,429,631 $5,462,645 $4,135,391

FUNDED RATIO
47.83% 101.73% 86.23% 119.77% 60.31% 110.56% 80.69% 87.46% 63.90% 95.60% 104.74% 64.22% 91.07% 105.43% IOI 19% 62.68% 106.08% 65.29% 66.39% 78.38% 151.75% 84.46% 60.63% 142.76% 109.92% 100.56% 86.85% 114.06% 100.00% *5
100.00% *5 93.64% I 10.40% 71.90% 151.62% 119.24% 35.95%
5.06% 47.03% 73.06% 116.09% 51.08% 83.51%

Appendix C: Listing of Local Retirement Systems

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 Norcross Retirement Plan, City of Norman Park Retirement Plan, City of (I) 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 (7) Peachtree City Retirement Plan, City of Pelham Retirement Plan, City of Pembroke Retirement Plan, City of Perry Retirement Plan, City of Pine Lake 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 (I) 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 Sandersville Retirement Plan, City of Savannah Employees Retirement Plan, City of

TYPE OF PLAN GMEBS GMEBS Defined Benefit GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Defined Benefit GMEBS GMEBS GMEBS GMEBS GMEBS Defined Benefit GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Defined Benefit

ACTUARIAL VALUE OF PLAN ASSETS
$1,656,609 $5,838,768 $7,430,199
$314,403 $269,612
$11,471 $119,718 $2,008,921 $5,772,554 $3,173,763
$4,566 $380,896 $1,060,794 $427,502 $385,909 $983,449 $60,303 $6,752,626 2 $2,347,660 $630,052 $7,052,253
$89,234 $515,557 $2,093,762 $3,005,557
$42,768 $147,441 $1,989,628 $450,216 $143,621 $610,871
$36,435 $1,398,418
$340,063 $316,622 $438,213 $1,941,539 $35,620,847 $1,045,431 $22,425,960 $3,032,303 $192,361,400

Page C-5

ACTUARIAL ACCRUED LIABILITY $1,511,113 $5,855,794 $7,430,199 $234,071 $270,440 $17,551 $247,109 $1,896,286 $8,475,034 $3,855,802 $113,476 $565,444 $832,928 $329,585 $564,728 $1,079,847 $37,551 $5,061,020 2 $1,996,307 $530,701 $7,103,141 $134,787 $568,732 $2,766,387 $2,764,319 $89,885 $259,650 $2,265,483 $553,836 $181,922 $541,094 $82,887 $1,266,859 $400,066 $484,179 $743,792 $1,932,330 $36,529,741 $1,032,265 $26,379,215 $3,527,929 $212,365,700

FUNDED RATIO
109.63% 99.71% 100.00% 5 134.32% 99.69% 65.36% 48.45% 105.94% 68.11% 82.31%
4.02% 67.36% 127.36% 129.71% 68.34% 91.07% 160.59% 133.42% 2
117.60% 118.72% 99.28% 66.20% 90.65% 75.69% 108.73% 47.58% 56.78% 87.82% 81.29% 78.95% 112.90% 43.96% 110.38% 85.00% 65.39% 58.92% 100.48% 97.51% 101.28% 85.01% 85.95% 90.58%

Appendix C: Listing of Local Retirement Systems

Savannah Pension Plan 2 Senoia Retirement Plan, City of Sky Valley 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 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

TYPE OF PLAN Defined Benefit, Closed GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Defined Benefit GMEBS GMEBS Defined Benefit GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS

ACTUARIAL VALUE OF PLAN ASSETS
$317,599 $241,843 $181,518 $20,159,224 $1,337,348 $1,209,375 $711,427 $316,935 $1,254,314 $9,428,586 $2,175,772 $1,024,228 $4,311,222 $4,898,122 $720,935 $3,794,230 $1,195,098 $222,535 $592,179 $7,552,650 $22,490,235 $3,533,233 $1,123,885 $10,137,574 $9,634,445 $3,668,137 $2,118,882 $421,971 $3,378,725 $418,695 $30,174,532 $4,039,484 $2,107,945 $1,464,183 $583,704 $21,610 $80,435 $206,812 $48,155,496 $802,520 $3,740,656 $13,037,832 $1,891,226

PageC-6

ACTUARIAL ACCRUED LIABILITY $3 I 7,599 $251,786 $217,315 $26,818,516 $833,368 $1,326,667 $699,081 $475,275 $1,068,016 $9,936,841 $3,062,874 $1,007,232 $6,114,773 $4,565,569 $1,514,181 $4,026,807 $1,363,526 $252,827 $586,035 $7,058,197 $22,490,235 $3,905,186 $847,558 $10,13.7,574 $10,148,129 $3,651,371 $3,257,070 $723,905 $3,155,222 $375,989 $31,403,666 $3,536,874 $2,052,774 $2,062,693 $442,485 $7,054 $96,409 $158,350 $52,005,458 $426,943 $3,141,143 $I4,398,813 $1,953,803

FUNDED RATIO
100.00% 96.05% 83.53% 75.17% 160.48% 91.16% 101.77% 66.68% 117.44% 94.89% 71.04% 101.69% 70.51% 107.28% 47.61% 94.22% 87.65% 88.02% 101.05% 107.01% 100.00% *5 90.48% 132.60% 100.00% *5 94.94% 100.46% 65.05% 58.29% 107.08% 111.36% 96.09% 114.21% 102.69% 70.98% 131.91% 306.35% 83.43% 130.60% 92.60% 187.97% 119.09% 90.55% 96.80%

Appendix C: Listing of Local Retirement Systems

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 (I) Winder Retirement Plan, City of Woodbine Retirement Plan, City of Woodbury Retirement Plan, City of Woodstock Retirement Plan, City of Wrens Retirement Plan, City of Wrightsville Retirement Plan, City of
COUNTIES
Appling County Pension Plan Bacon County Pension Plan Baldwin County Board of Commissioners
Defined Benefit Plan Banks County Pension Plan Barrow County Pension Plan Bartow County Pension Plan Ben Hill County Pension Plan Bibb County Pension Plan Bleckley County Pension Plan Brooks County Pension Plan Bryan County Pension Plan Burke County Defined
Benefit Pension Plan and Trust Burke County Pension Plan Butts County Pension Plan Carroll County Pension Plan Charlton County Pension Plan Chatham County Employees Retirement Plan Chattahoochee County Pension Plan Cherokee County Pension Plan Cherokee County Recreation and
Parks Pension Plan Clayton County Pension Plan Clinch County Pension Plan Cobb County Board of
Commissioners Retirement Income Plan

TYPE OF PLAN Defined Benefit GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS
ACCG ACCG
Defined Benefit ACCG ACCG ACCG ACCG Defined Benefit ACCG ACCG ACCG
Defined Benefi I ACCG ACCG ACCG ACCG Defined Benefit ACCG ACCG
ACCG Defined Benefit AC'CG
Defined Benefit

ACTUARIAL VALUE OF PLAN ASSETS
$2,590,545 $7,005
$97,358 $144,116
$38,696 $7,052,769
$550,021 $367,664 $914,866 $1,427,108
$57,229
$3,090,734,733
$3,604,511 $453,149
$4,557,294 $602,730
$3,614,217 $14,199,392
$1,633,265 $81,738,581
$767,938 $1,284,250 $1,691,397
*3 2 $1,263,291 $2,743,578 $1,191,947 $93,250,000
$122,633 $150,104
$150,104 $183,183 $309,349
$248,793,994

Page C-7

ACTUARIAL ACCRUED LIABILITY $2,590,545 $18,521 $128,288 $155,903 $201,744 $8,286,115 $454,142 $625,476 $1,715,789 $1,236,239 $164,979
$4,442,874,628
$4,530,314 $576,385
$8,709,397 $659,517
$4,714,928 $21,937,003
$1,941,068 $99,784,193
$964,994 $1,608,271 $2,501,750
3 2 $1,700,713 $3,598,446 $1,425,038 $106,259,000
$128,905 $208,331
$208,331 $231,812 $552,640
$364,75 I ,627

FUNDED RATIO
100.00% *5 37.82% 75.89% 92.44% 19.18% 85.12% 121.11% 58.78% 53.32% 115.44% 34.69%
69.57%
79.56% 78.62%
52.33% 91.39% 76.65% 64.73% 84.14% 81.92% 79.58% 79.85% 67.61%
3 2
74.28% 76.24% 83.64% 87.76% 95.13% 72.05%
72.05% 79.02% 55.98%
68.21%

Appendix C: Listing of Local Retirement Systems

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 Dougherty County Retirement Plan Douglas County Employee Defined Benefit Plan Early County Pension Plan Effingham County Pension Plan Elbert County Pension Plan Evans County Board of Commissioners
Retirement Plan Fannin County Pension Plan Floyd County Pension Plan Forsyth County Defined Benefit Plan Franklin County Pension Plan Fulton County Employees' Pension Plan Glynn County Board
of Commissioners Pension Plan Grady County Pension Plan Greene County Pension Plan Gwinnett County Pension Plan Habersham County Employees' Retirement Plan Hall County Pension Plan Hancock County Pension Plan Haralson County Pension Plan Harris County Pension Plan Heard County Pension Plan Henry County Pension Plan Houston County Pension Plan Jackson County Pension Plan Jasper County Pension Plan Jeff Davis County Pension Plan Jenkins County Pension Plan Jones County Pension Plan Lamar County Pension Plan Laurens County Pension Plan Lee County Retirement Plan Liberty County, Retirement Plan of

TYPE OF PLAN ACCG ACCG Defined Benefit ACCG ACCG ACCG ACCG Defined Benefit ACCG Defined Benefit Defined Benefit, Closed ACCG ACCG ACCG
Defined Benefit ACCG ACCG Defined Benefit ACCG Defined Benefit
Defined Benefit ACCG ACCG ACCG Defined Benefit ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG Defined Benefit, Closed Defined Benefit

ACTUARIAL VALUE OF PLAN ASSETS
$3,527,225 $4,278,949 $16,055,667
$948,130 $2,927,304
$732,099 $1,306,550 $1, 122,066,070
$778,695 $20,791,636 *6
$124,823 $913,418 $3,550,951
*3 $1,207,804 $18,464,984 $2,820,187
$686,100 $1,0 I8,979,000
$40,393,073 $789,662 $334,009
$248,654,650 $1,728,079
$20,064,077 $1,045,188 $1,557,739 $2,588,025 $1,205,169 *2
$12,211,668 $2,672,335 $353,453 $958,635 $938,258 $1,878,660 $1,182,825 $3,295,710 $298,832 $5,595,017

Page C-8

ACTUARIAL ACCRUED LIABILITY $5,279,484 $5,204,465 $16,055,667 $1,288,399 $3,522,114 $1,122,573 $2,594,590 $983,393,325 $963,042 $25,963,040 $280,873 $138,297 $970,766 $5,564,713
*3 $2,769,122 $23,914,929 $10,081,621 $1,668,276 $1,149,383,000
$47,518,709 $1,328,087 $676,088
$300,924,765 $1,728,079 $27,381,576 $2,089,646 $1,968,276 $3,319,306 $1,603,340 *2 $ I 5,382,275 $3,224,315 $780,329 $1,506,307 $1,231,624 $2,554,243 $1,530,655 $4,331,156 $306,310 $8,416,330

FUNDED RATIO
66.81% 82.22% 100.00% *5 73.59% 83.11% 65.22% 50.36% 114.10% 80.86% 80.08% *6 90.26% 94.09% 63.81%
*3 43.62% 77.21% 27.97% 41.13% 88.65%
85.00% 59.46% 49.40% 82.63% 100.00% *5 73.28% 50.02% 79.14% 77.97% 75.17% *2 79.39% 82.88% 45.30% 63.64% 76.18% 73.55% 77.28% 76.09% 97.56% 66.48%

Appendix C: Listing of Local Retirement Systems

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 Schley County Pension Plan Seminole County Pension Plan Spalding County Pension Plan Sumter County Pension Plan Tattnall County Pension Plan Telfair County Pension Plan Thomas County Pension Plan Tift County Pension Plan Toombs County Pension Plan Treutlen County Pension Plan Troup County Pension Plan Turner County Pension Plan Upson County Retirement Plan Walker County Commissioners' & Sheriffs
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

TYPE OF PLAN ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG Defined Benefit ACCG
Defined Benefit ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG Defined Benefit
Defined Benefit ACCG ACCG Defined Benefit ACCG ACCG

ACTUARIAL VALUE OF PLAN ASSETS
$478,344 $10,525,912 *2
$1,158,374 $155,347
$2,081,539 $979,066 $332,405
$1,758,396 $6,186,009 $1,897,042 $2,088,114 $4,237,030 $1,948,679
$469,955 $6,119,847 $2,537,480
$441,465
$6,612,095 $691,988
$2,701,728 2 2
$688,637 $ I0,385,604 2
$1,311,216 $678,894
$2,670,407 $6,968,888 $1,706,827
$294,860 $10,847,261
$642,781 3
$4,663,473 $1,825,883 $2,456,192 *3 $2,080,687 $11,204,60 I

PagcC-9

ACTUARIAL ACCRUED LIABILITY $635,969 $13,168,431 *2 $2,326,398 $410,837 $2,910,670 $1,164,386 $462,016 $2,153,959 $8,160,142 $2,997,502 $3,049,125 $4,280,855 $2,580,043 $1,004,576 $7,994,549 $2,537,480 $1,154,010
$6,612,095 $916,323
$4,106,408 2 *2
$861,381 $11,039,934 2
$2,175,896 $973,724
$3,361,989 $9,558,443 $2,197,370
$412,890 $ I3,025,545
$1,429,895 3
$5,258,586 $2,531,134 $3,122,716 3 $2,893,014 $14,039,770

FUNDED RATIO
75.21% 79.93% *2 49.79% 37.81% 71.51% 84.08% 71.95% 81.64% 75.81% 63.29% 68.48% 98.98% 75.53% 46.78% 76.55% 100.00% 5 38.25%
100.00% 5 75.52% 65.79% *2 2 79.95% 94.07% 2 60.26% 69.72% 79.43% 72.91% 77.68% 71.41% 83.28% 44.95% *3
88.68% 72.14% 78.66% *3 71.92% 79.81%

Appendix C: Listing of Local Retirement Systems

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 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 Richmond County Employee Pension Fund (1945) Richmond County Retirement Plan for Employees
REGIONAL DEVELOPMENT CENTERS
Atlanta Regional Commission Retirement Plan Coosa Valley RDC Retirement Plan Georgia Mountains RDC Retirement Plan Heart of Georgia Altamaha RDC Retirement Plan Middle Georgia RDC Retirement Plan Northeast Georgia RDC Retirement Plan (I) South Georgia RDC Retirement Plan Southeast Georgia RDC Retirement Plan (I) Southwest Georgia RDC Retirement Plan

TYPE OF PLAN ACCG ACCG ACCG
Defined Benefit Defined Benefit, Closed Defined Benefit, Closed Defined Benefit, Closed Defined Benefit, Closed Defined Benefit, Closed GMEBS
GMEBS
Defined Benefit
Defined Benefit
Defined Benefit, Closed
Defmed Benefit
Defined Benefit GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Defined Benefit

ACTUARIAL VALUE OF PLAN ASSETS
$182,453 $591,102 $1,272,285
$3,144,082,429

ACTUARIAL ACCRUED LIABILITY $437,191 $895,615 $1,915,272
$3,439,708,514

$83,241,980 6 *6 *6 $65,345,259 6 $6,913,410
$1,615,211
$76,145,154 4
$98, I04,970 *4
$9,124,231
$15,744,214
$356,234,429

$92,854,275 $1,931,942 $1,110,698 $98,789
$58,984,857 $337,186
$7,553,91 I
$1,556,732
$98,757,414 *4
$126,921,829 *4
$10,075,778
$24,606,884
$424,790,295

$ I0,727,483 $3,650,815 $3,611,534 $1,505,020 $2,820,609 $624,398 $4,713,700 $617,483 $1,375,050
$29,646,092

$12,225,116 $3,312,147 $3,981,090 $1,388,088 $3, I 12,252 $904,936 $4,691,246 $713,147 $1,375,050
$31,703,072

FUNDED RATIO
41.73% 66.00% 66.43%
91.41%
89.65% 6 *6 6
110.78% 6
91.52%
103.76%
77.10%
77.30%
90.56%
63.98%
83.86%
87.75% 110.23% 90.72% 108.42% 90.63% 69.00% 100.48% 86.59% 100.00% *5
93.51%

PageC-10

Appendix C: Listing of Local Retirement Systems

LOCAL BOARDS OF EDUCATION {8} Fulton County School
Employees' Pension Fund Gwinnett County Board of Education Retirement System
LOCAL AUTHORITIES
Acworth Housing Authority, City of Atlanta Housing Authority, City of Austell Gas System Retirement Plan Carroll County Water Authority Chatsworth Water Commission Cherokee County Water and Sewerage Authority (I) Cobb County-Marietta Water Authority Columbus Medical Center Hospital Authority Conyers Housing Authority, City of Douglasville-Douglas County
Water and Sewage Authority Dublin-Laurens County Recreation 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 Heard County Water Authority Henry County Water and Sewerage Authority Houston County Hospital Authority Jasper County Joint 911 Authority Jonesboro Housing Authority LaGrange Housing Authority Lavonia Housing Authority 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 Mount Vernon Housing Authority Newnan Water and Light Commission Peach County Hospital Authority

TYPE OF PLAN
Defined Benefit Defined Benefit
GMEBS Defined Benefit Defined Benefit Defined Benefit GMEBS GMEBS Defined Benefit Defined Benefit GMEBS
GMEBS GMEBS GMEBS Defined Benefit GMEBS Defined Benefit GMEBS Defined Benefit GMEBS ACCG Defined Benefit GMEBS GMEBS GMEBS GMEBS Defined Benefit Defined Benefit
Defined Benefit
Defined Benefit GMEBS Defined Benefit Defined Benefit

ACTUARIAL VALUE OF PLAN ASSETS
*3 $715,928,142
$715,928,142
$145,904 $32,258,280
$5,392,265 $1,119,281
$819,406 $843,654 $14,394,563 $18,525,400 $504,369
$7,374,149 $411,165 $759,983
$3,522,719 $80,803
$16,536,608 $3,154,382
$189,147,686 $78,027
*2 $14,953,316
$110,169 $799,905 $674,471 $313,631 $17,013,213 $5,370,010
$168,799,827
$433,906,100 $34,831
$6,835,321 $412,019

PageC-11

ACTUARIAL ACCRUED LIABILITY
*3 $715,928,142
$715,928,142
$129,493 $30,827,561
$5,392,265 $1,119,281
$961,563 $3,323,818 $14,394,563 $20,320,500
$604,007
$9,002,765 $360,578 $837,832
$3,522,719 $319,334
$27,578,605 $3,855,331
$175,448,340 $56,005
*2 $16,523,341
$109,421 $1,312,104
$500,257 $365,768 $20,915,122 $5,370,010
$277,865,447
$439,776,985 $40,185
$7,605,881 $2,492,346

FUNDED RATIO
*3 100.00% *5
100.00%
112.67% 104.64% 100.00% *5 100.00% *5 85.22% 25.38% 100.00% *5 91.17% 83.50%
81.91% 114.03% 90.71% 100.00% *5 25.30% 59.96% 81.82% 107.81% 139.32% *2 90.50% 100.68% 60.96% 134.82% 85.75% 81.34% 100.00% *5
60.75%
98.67% 86.68% 89.87% 16.53%

Appendix C: Listing of Local Retirement Systems

Polk County Water Authority Rome-Floyd County Recreation Authority Roswell Housing Authority, City of Toccoa Housing Authority, City of Towns County Water & Sewer Authority Valdosta/Lowndes County Hospital Authority Vidalia Housing Authority, City of Vienna Housing Authority, City of Villa Rica Housing Authority, City of Walker County Water and Sewage Authority Walton County Water and Sewage Authority Washington County Memorial Hospital
Totals

TYPE OF PLAN Defined Benefit GMEBS Defined Benefit GMEBS GMEBS Defined Benefit GMEBS GMEBS GMEBS Defined Benefit GMEBS Defined Benefit

ACTUARIAL VALUE OF PLAN ASSETS
$25,122 $1,925,135
$674,685 $1,978,583
$39,367 $41,629,208
$154,437 $40,678
$103,619 $450,731 $164,810 *3
$991,477,832
$7,612,175,515

ACTUARIAL ACCRUED LIABILITY $25,122 $1,671,853 $674,685 $1,966,442 $59,040 $47,788,822 $174,986 $47,110 $104,518 $477,550 $331,911 *3
$1,124,253,466
$9,463,329,975

*I - Plan was established in 2003. *2 - Plan was established in 2003 (2004 for Peachtree City, Rabun County, and Henry County Water and Sewerage Authority).
No information on actuarial value of plan assets or actuarial accrued liability was available. *3 - Information was not submitted - government is not in compliance with O.C.G.A. 47-1-3 requiring actuarial valuation. *4 - Columbus Consolidated Government separately funds its Post-retirement Death Benefit Plan and the Major Income
Disability Plan, which are not reflected in the amounts reported. *5 - Aggregate actuarial cost method used. In accordance with GASB Statement No. 27, the actuarial accrued liability is
equal to the actuarial value of plan assets under this actuarial cost method. *6 - 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. *7 - Peachtree City established a new single-employer defined benefit plan in 2004. The last GMEBS actuarial report available was 2002. *8 - Since the City of Atlanta's Board of Education is part of the City's plan, information is provided with the City of Atlanta.

FUNDED RATIO
100.00% *5 115.15% 100.00% *5 100.62% 66.68% 87.11% 88.26% 86.35% 99.14% 94.38% 49.65% *3
88.19%
80.44%

PageC-12

APPENDIXD
HISTORICAL TREND DATA OF
FUNDED RATIO

Appendix D: Historical Trend Data of Funded Ratio

CITIES
Abbeville Retirement Plan, City of Acworth Retirement Plan, City of Adairsville Retirement Plan, City of Alamo Retirement Plan, City of (I) 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 Butler Retirement Plan, City of

TYPE OF PLAN
GMEBS GMEBS GMEBS GMEBS Defined Benefit GMEBS GMEBS GMEBS GMEBS GMF.BS Defined Benefit Defined Benefit
Defined Benefit GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS
GMEBS GMEBS Defined Benefit GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Defined Benefit GMEBS GMEBS GMEBS GMEBS

FUNDED RATIO FROM APPENDIX C
43.09% 113.68% 86.77%
19.87% 86.83% 96.67% 82.24% 104.26% 107.99% 109.60% 77.49%
65.20% 18.86% 73.81% 54.64% 111.01% 102.44% 86.71% 98.74% 85.57% 80.46% 26.59% 83.40% 73.16%
255.83% 116.13% 79.15% 51.55% 100.21% 65.73% 94.44% 49.79% 29.79% 100.00% *5 85.05% 80.88% 100.55% 100.55%

2002 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
31.81 % 137.55% 89.12% Not Applicable 100.00% *5 110.27% 77.55% 108.00% 136.63% 119.41% 88.21%
76.77% 21.33% 82.90% 48.70% 104.28% 122.16% 108.82% 117.49% 103.70% 104.26% Not Applicable 81.21% 78.92%
335.96% 117.11% 82.77% 37.65% 107.23% 62.10% 121.96% 44.93%
0.00% *3
86.83% 71.48% 115.34% 117.66%

2000 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
14.36% 146.24% 100.63% Not Applicable 100.00% *5 119.43% 85.03% 129.07% 142.61% 122.98% 89.67%
76.42% 21.14% 91.57% 56.09% 56.56% 113.00% 121.73% 124.23% 116.63% 107.47% Not Applicable 76.47% 81.93%
318.56% 125.09% 93.00%
15.13% 113.68% 55.21% 127.82% 37.66% Not Applicable 100.00% *5 76.85% 68.39% 126.97% 125.23%

1998 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
Not Applicable 120.30% 96.87%
Not Applicable Not Available 95.21% 90.85% 106.96% 110.97% 106.70% 75.19%
73.08% 19.01% 77.20% 38.03% 77.63% 88.74% 106.92% 98.01% 86.21% 94.42% Not Applicable 76.06% 77.60%
318.31% 102.07% Not Available Not Available 107.98% 41.50% 105.72% 27.96% Not Applicable Not Available 76.32% 59.43% 102.43% 97.34%

Page D-1

Appendix D: Historical Trend Data of Funded Ratio

Byron Retirement Plan, City of Cairo Retirement Plan, City of Calhoun Retirement Plan, City of (I) Calhoun Retirement Plan, City of Camilla 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 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 comelia Retirement Plan, City of Covington Retirement Plan 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 Dawson Retirement Plan, City of Dawsonville Retirement Plan, City of (I) Decatur Employees' Retirement System Doerun Retirement Plan, City of Donalsonville Retirement Plan, City of Doraville Retirement Plan, City of

TYPE OF PLAN GMEBS GMEBS GMEBS Defined Benefit GMEBS GMEBS GMEBS GMEBS Defined Benefit GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Defined Benefit GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Defined Benefit GMEBS GMEBS GMEBS GMEBS GMEBS Defined Benefit GMEBS GMEBS GMEBS GMEBS Defined Benefit GMEBS GMEBS GMEBS

FUNDED RATIO FROM APPENDIX C
99.22% 97.56% 20.42% *6 102.21% 63.56% 53.70% 87.94% 61.35% 90.04% 75.12% 68.19% 106.53% 89.14% 20.49% 101.33% 108.08% 108.51% 65.81% 100.00% *5 65.92% 77.49% 114.77% 64.39% 92.55% 107.57% 95.27% 118.09% 91.07% 64.70% 49.83% 60.81% 84.13% 93.64% 57.32% 51.36% 98.36% 93.60%
5.59% 100.00% *5 78.60% 104.05% 93.79%

2002 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
111.75% 100.68% Not Applicable *6 118.46% 75.10% 44.73% 103.94% 66.10% 90.77% 81.69% 81.50% 121.53% 88.41% Not Applicable 115.08% 122.53% 116.94% 67.27% 100.00% *5 62.83% 91.54% 180.92% 71.55% 115.54% 120.60% 105.24% 122.03% 88.93% 61.04% 39.65% 76.76% 76.04% 103.60% 67.66% 41.41% 109.80% 111.04% Not Applicable 100.00% *5 80.92% 114.28% 87.05%

2000 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
109.12% 107.31% Not Applicable Not Applicable 120.68% 103.20% 36.20% 120.60% 71.66% 102.12% 81.08% 84.16% 149.04% 80.67% Not Applicable 131.84% 123.03% 131.39% 62.28% 227.80% 62.04% 100.63% 159.78% 51.12% 123.27% 134.08% 119.46% 133.11% 89.77% 64.98% 24.65% 85.84% 101.95% 123.14% 76.12%
16.85% 117.29% 122.78% Not Applicable 100.00% *5 92.78% 126.77% 83.61%

1998 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
87.60% 94.86% Not Applicable Not Applicable 103.61% 119.51% 11.43% 105.81% 67.92% 94.38% 75.52% 89.65% 119.73% 73.94% Not Applicable 110.85% 92.79% 101.04% 58.23% 113.92% 84.06% 86.63% 130.43% 48.30% 97.17% 141.87% 102.47% 107.44% Not Available 55.86% 16.61% 77.26% 86.87% 97.79% 71.80% Not Available 88.66% 98.93% Not Applicable Not Available 91.94% 101.38% 94.23%

Page D-2

Appendix D: Historical Trend Data of Funded Ratio

Douglas Retirement Plan, City of Douglasville Retirement Plan, City of Dublin Retirement Plan, City of Duluth Retirement Plan, City of East Ellijay Retirement Plan, City of East Point Retirement Plan, City of Eastman Retirement Plan, City of Eatonton Retirement Plan, City of Elberton Retirement Plan, City of Ellaville Retirement Plan, City of Ellijay Retirement Plan, City of Emerson Retirement Plan, City of Enigma Retirement Plan, Town of Fairburn Retirement Plan, City of Fayetteville Retirement Plan, City of Fitzgerald Retirement Plan, City of Forsyth Retirement Plan for Employees, City of Fort Oglethorpe Retirement Plan, City of Fort VaJley Retirement Plan, City of Franklin Retirement Plan, City of Gainesville Retirement Plan, City of GainesviJle Retirement Plan A, City of Garden City Retirement Plan, City of Georgetown 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 Employee Aid Fund, 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 l lapeville Retirement Plan, City of Harlem Retirement Plan, City of Hartwell Retirement Plan, City of Hawkinsville Retirement Plan, City of Hazlehurst Retirement Plan, City of Helena Retirement Plan, City of Hephzibah Retirement Plan, City of

TYPE OF PLAN GMEBS GMEBS GMEBS GMEBS GMEBS Defined Benefit GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Defined Benefit Defined Benefit GMEBS GMEBS GMEBS GMEBS Defined Benefit GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Defined Benefit GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS

FUNDED RATIO FROM APPENDIX C
88.78% 78.45% 103.17% 62.04% 48.04% 53.13% 98.26% 104.99% 107.64% 89.88% 105.80% 77.10% 102.27% 111.02% 76.08% *3 116.13% 84.26% 97.36% 91.11% 56.26% 70.96% 88.91% 38.32% 63.41% 103.44% 98.86% 42.34% 113.35% 64.57% 71.82% 84.24% 54.61% 63.60% 94.15% 85.73% 67.08% 65.70% 96.51% 91.25% 108.91% 62.78% 77.18%
Page D-3

2002 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
94.86% 86.39% 124.45% Not Applicable 58.20% 56.89% 111.06% 118.04% 120.69% 90.80% 123.22% 75.90% 127.25% 123.59% 81.32% 100.00% *5 126.99% 96.19% 117.24% 108.92% 44.98% 76.80% 104.82%
8.77% 73.05% 117.92% 124.41% 23.34% 117.40% 69.25% 74.67% 86.24% 39.75% 48.30% 93.78% 91.39% 102.58% 60.24% 101.97% 109.07% 134.71% 58.73% 73.05%

2000 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
106.38% 92.25% 141.45% Not Applicable 53.36% 61.25% 111.84% 123.78% 126.81% 88.31% 126.21% 73.65% 146.18% 138.47% 88.44% 100.00% *5 160.75% 101.74% 127.31% 115.82% 33.18% 76.95% 133.81% Not Applicable 72.69% 120.37% 126.49%
0.00% 121.89% 69.85% 73.64% 87.08%
16.47% 27.18% 85.98% 128.11% 101.48% 76.35% 105.82% 118.52% 138.59% 55.53% 62.36%

1998 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
87.29% 103.06% 109.61% Not Applicable 46.31% 65.04% 93.45% 104.77% 108.89% 84.11% 114.52% 70.41% 124.31% 123.45% 96.39% Not Available Not Available 87.21% 98.27% 99.84% 22.99% 75.81% 111.93% Not Applicable 68.08% 107.89% 108.88% Not Applicable 111.53% 44.70% 62.29% 77.72% Not Applicable Not Available 74.39% 116.78% 87.79% 66.30% 82.64% 98.43% I 15.63% 47.99% 56.99%

Appendix D: Historical Trend Data of Funded Ratio

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 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 Lumber City Retirement Plan, City of Lumpkin Retirement Plan, City of Lyons Retirement Plan, City of Macon Fire & Police Retirement System Macon General Employees
Pension & Retirement System Madison Retirement Plan, City of Manchester Retirement Plan, City of Marietta General Pension Plan, City of Marshallville Retirement Plan, City of McRae Retirement Plan, City of Menlo Retirement Plan, City of Midville Retirement Plan, City of (I) Midway Retirement Plan, City of Milledgeville Retirement Plan Millen Retirement Plan, City of Monroe Retirement Plan, City of Montezuma Retirement Plan, City of

TYPE OF PLAN GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Defined Benefit
Defined Benefit GMEBS GMEBS Defined Benefit GMEBS GMEBS GMEBS GMEBS GMEBS Defined Benefit GMEBS GMEBS GMEBS

FUNDED RA TIO FROM APPENDIX C
47.83% 101.73% 86.23% 119.77% 60.31% 110.56% 80.69% 87.46% 63.90% 95.60% 104.74% 64.22% 91.07% 105.43% IOI. 19% 62.68% 106.08% 65.29% 66.39% 7838% 151.75% 84.46% 60.63% 142.76% 109.92% 100.56% 86.85% 114.06% 100.00% *5
100.00% 5 93.64% 110.40% 71.90% 151.62% 119.24% 35.95%
5.06% 47.03% 73.06% 116.09% 51.08% 83.51%

2002 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
38.88% 111.27% 94.93% 145.47% 58.96% 123.55% 72.41% 105.35% 61.00% 105.27% 133.29% 72.68% 117.26% 113.45% 113.07% 65.64% 131.64% 72.74% 59.07% 71.69% 170.25% 111.77% 54.19% 150.34% I 15.86% 127.60% 111.94% 123.64% 100.00% 5
100.00% 5 103.54% 126.67% 79.02% 152.44% 121.63% 20.42% Not Applicable 37.65% 78.99% 132.14% 73.02% 124.64%

2000 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
23.70% 118.17% 101.22% 147.49% 49.56% 146.74% 66.65% 113.81% 62.63% 108.42% 142.40% 99.24% 114.17% 121.36% I 18.73% 58.96% 121.50% 69.84% 51.62% 66.41% 194.63% 102.22% 80.88% 162.89% 144.51% 155.32% 118.17% 130.35% 100.00% *5
100.00% 5 123.54% 130.45% 94.15% 179.14% 127.13% Not Applicable Not Applicable
16.93% 97.58% 129.38% 77.07% 140.79%

1998 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
Not Available 96.80% 92.43% 118.75% 38.42% 113.86% 63.90% 93.00% 75.31% 85.37% 109.96% 90.35% 91.53% 102.08% 104.71% 45.71% 110.29% 68.25% 50.70% 60.08% 175.47% 93.70% 70.07% 130.94% 117.59% 119.00% 88.27% 109.84%
Not Available
100.00% *5 116.21% 109.92% 76.78% 143.37% 107.22% Not Applicable Not Applicable
10.96% Not Available
102.19% 79.20% 117.92%

Page D-4

Appendix D: Historical Trend Data of Funded Ratio

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 Norcross Retirement Plan, City of Nonnan Park Retirement Plan, City of ( 1) 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 (7) Peachtree City Retirement Plan, City of Pelham Retirement Plan, City of Pembroke Retirement Plan, City of Perry Retirement Plan, City of Pine Lake 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 ( 1) 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 Sandersville Retirement Plan, City of Savannah Employees Retirement Plan, City of

TYPE OF PLAN GMEBS GMEBS Defined Benefit GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Defined Benefit GMEBS GMEBS GMEBS GMEBS GMEBS Defined Benefit GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Defined Benefit

FUNDED RATIO FROM APPENDIX C
109.63% 99.71% 100.00% *5 134.32% 99.69% 65.36% 48.45% 105.94% 68.11% 82.31%
4.02% 67.36% 127.36% 129.71% 68.34% 91.07% 160.59% 133.42% *2 117.60% 118.72% 99.28% 66.20% 90.65% 75.69% 108.73% 47.58% 56.78% 87.82% 81.29% 78.95% 112.90% 43.96% 110.38% 85.00% 65.39% 58.92% 100.48% 97.51% 101.28% 85.01% 85.95% 90.58%

2002 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
109.84% 112.24% 100.00% *5 137.11% 113.16%
17.11% 45.58% 120.80% 70.03% 88.99% Not Applicable 84.63% 155.07% 150.88% 61.24% 97.55% 62.08% 82.77% Not Applicable 147.25% 122.62% 107.16% 97.15% 100.67% 91.26% 126.00% 28.83% Not Applicable 99.83% 84.84% 88.60% 136.29% 35.50% 123.12% 104.39% 71.84% 56.93% 118.50% 109.18% 115.08% 87.24% 91.66% 103.93%

2000 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
120.34% 115.86% 100.00% *5 136.95% 106.25% Not Applicable 31.75% 133.55% 78.33% 92.27% Not Applicable 79.04% 144.90% 137.24% 89.43% 101.99% 71.37% 87.30% Not Applicable 146.78% 133.22% 108.93% 77.10% 104.86% 97.69% 142.17%
18.15% Not Applicable
108.27% 74.30% 65.80% 135.10% 21.89% 119.41% 113.02% 80.05% 53.91% 126.02% 119.90% 110.11% 106.27% 95.25% 107.42%

1998 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
104.16% 97.94% Not Available 103.53% 83.87% Not Applicable 20.74% 113.20% 75.85% 84.85% Not Applicable 69.97% 121.75% 113.22% 88.51% 88.87% 65.93% 87.17% Not Applicable 121.87% 91.34% 87.24% 84.77% 89.85% 93.90% 100.62%
3.00% Not Applicable
86.81% 68.23% 46.25% 105.44% 14.59% 89.06% 132.85% 74.40% 48.40% 116.09% 89.40% 94.45% 89.53% 82.40% 106.70%

Page D-5

Appendix D: Historical Trend Data of Funded Ratio

Savannah Pension Plan 2 Senoia Retirement Plan, City of Sky Valley 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 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

TYPE OF PLAN Defined Benefit, Closed GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS Defined Benefit GMEBS GMEBS Defined Benefit GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS

FUNDED RATIO FROM APPENDIX C
100.00% 96.05% 83.53% 75.17% 160.48% 91.16% 101.77% 66.68% 117.44% 94.89% 71.04% 101.69% 70.51% 107.28% 47.61% 94.22% 87.65% 88.02% 101.05% 107.01% 100.00% *5 90.48% 132.60% 100.00% *5 94.94% 100.46% 65.05% 58.29% 107.08% 111.36% 96.09% 114.21% 102.69% 70.98% 131.91% 306.35% 83.43% 130.60% 92.60% 187.97% 119.09% 90.55% 96.80%

2002 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
100.00% 108.52% 77.21% 83.51% 127.18% 98.32% 125.85% 62.01% 138.43% 113.61% 70.54% 82.30% 74.97% 124.60% 37.87% 105.06% 83.30% 81.85% 116.04% 113.97% 100.00% 5 100.79% 147.30% 100.00% *5 121.03% 102.36% 64.72% 91.13% 120.94% 129.93% 103.21% 122.81% 111.37% 90.55% 130.16% 127.69% 71.69% 154.67% 111.66% 194.49% 123.99% 98.51% 96.23%

2000 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
100.00% 114.93% 67.11% 86.23% 124.31% 108.78% 138.70% 49.90% 148.67% 133.74% 63.74% 87.39% 70.67% 132.70% Not Applicable 102.37% 76.93% 69.12% 152.53% 118.64% 100.00% *5 110.58% 187.85% 100.00% *5 125.26% 109.87% 72.29% 88.42% 140.42% 129.92% 115.31% 133.50% 117.74% 103.68% 148.19% 136.90% 73.01% 174.90% 117.93% 171.67% 126.86% 109.65% 87.74%

1998 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
100.00% 89.50% 48.67% 92.34% 117.33% 85.67% 113.55% 34.19% 109.00% 112.65% 52.13% 84.45% 71.97% 100.50% Not Applicable 86.10% 64.22% 66.69% 120.65% 101.79% 100.00% *5 97.20% 128.23% Not Available 102.30% 106.54% 77.78% 90.26% 115.41% 114.87% 91.55% 115.54% 96.47% 85.67% 143.04% 195.57% 61.25% 126.08% 98.49% 133.87% 112.22% 99.85% 83.43%

Page D-6

Appendix D: Historical Trend Data of Funded Ratio

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 (I) 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

TYPE OF PLAN Defined Benefit GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS GMEBS

FUNDED RATIO FROM APPENDIX C
100.00% *5 37.82% 75.89% 92.44% 19.18% 85.12% 121.11% 58.78% 53.32% 115.44% 34.69%
69.57%

2002 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
100.00% *5 Not Applicable
77.52% 100.32% Not Applicable 103.57% 109.72% 54.50% 45.63% 128.36%
6.86%
77.61%

2000 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
100.00% *5 Not Applicable
77.03% 108.05% Not Applicable 111.99% 130.45% 49.53% 30.93% 13231% Not Applicable
79.20%

1998 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
Not Available Not Applicable
68.69% 96.88% Not Applicable 97.78% 104.09% 44.09% 2037% 113.26% Not Applicable
71.44%

COUNTIES
Appling County Pension Plan Bacon County Pension Plan Baldwin County Board of Commissioners
Defined Benefit Plan Banks County Pension Plan Barrow County Pension Plan Bartow County Pension Plan Ben Hill County Pension Plan Bibb County Pension Plan Bleckley County Pension Plan Brooks County Pension Plan Bryan County Pension Plan Burke County Defined
Benefit Pension Plan and Trust Burke County Pension Plan Butts County Pension Plan Carroll County Pension Plan Charlton County Pension Plan Chatham County Employees Retirement Plan Chattahoochee County Pension Plan Cherokee County Pension Plan Cherokee County Recreation and
Parks Pension Plan Clayton County Pension Plan Clinch County Pension Plan

ACCG ACCG
Defined Benefit ACCG ACCG ACCG ACCG Defined Benefit ACCG ACCG ACCG
Defined Benefit ACCG ACCG ACCG ACCG Defined Benefit ACCG ACCG
ACCG Defined Benefit ACCG

79.56% 78.62%
52.33% 91.39% 76.65% 64.73% 84.14% 81.92% 79.58% 79.85% 67.61%
*3 *2
74.28% 76.24% 83.64% 87.76% 95.13% 72.05%
72.05% 79.02% 55.98%

90.39% 95.21%
36.19% 112.79% 87.54% 74.21% 107.06% 91.80% 83.69% 98.63% 83.85%
60.69% Not Applicable
86.88% 91.67% 97.67% 97.94% 129.89% 105.19%
93.46% 76.52% 66.29%

92.37% 97.90%
37.48% 116.31% 89.17% 74.03% 113.09% 100.00% 84.62% 101.31% 88.34%
106.02% Not Applicable
88.08% 104.54% 97.42% 91.54% 13230% 112.75%
97.12% 80.18% 70.41%

86.40% 105.02%
20.89% 97.81% 82.60% 63.93% 107.16% Not Available 80.89% 100.65% 85.65%
Not Available Not Applicable
74.42% 90.97% 93.05% 89.89% 143.44% 98.96%
97.46% 82.79% 47.49%

Page D-7

Appendix D: Historical Trend Data of Funded Ratio

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 Dougherty County Retirement Plan Douglas County Employee Defined Benefit Plan Early County Pension Plan Effingham County Pension Plan Elbert County Pension Plan Evans County Board of Commissioners
Retirement Plan Fannin 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

TYPE OF PLAN
Defined Benefit ACCG ACCG Defined Benefit ACCG ACCG ACCG ACCG Defined Benefit ACCG Defined Benefit Defined Benefit, Closed ACCG ACCG ACCG
Defined Benefit ACCG ACCG Defined Benefit ACCG Defined Benefit
Defined Benefit ACCG ACCG ACCG Defined Benefit ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG

FUNDED RATIO FROM APPENDIX C
68.21% 66.81% 82.22% 100.00% *5 73.59% 83.11% 65.22% 50.36% 114.10% 80.86% 80.08% *6 90.26% 94.09% 63.81%
*3 43.62% 77.21% 27.97% 41.13% 88.65%
85.00% 59.46% 49.40% 82.63% 100.00% *5 73.28% 50.02% 79.14% 77.97% 75.17% *2 79.39% 82.88% 45.30% 63.64% 76.18% 73.55% 77.28%

2002 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
73.60% 76.80% 98.59% 99.01% 86.35% 92.51% 87.68% 49.64% 112.13% 94.23% 84.04% *6 97.29% 83.12% 68.52%
100.00% *5 37.27% 90.19% 11.26% 40.53% 96.96%
87.83% 67.64% 51.65% 80.75% 100.00% *5 90.04% 47.13% 96.98% 90.27% 88.60% Not Applicable 86.71% 96.71% 43.82% 71.89% 88.39% 87.51% 88.16%

2000 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
73.76% 76.69% 102.67% 99.35% 88.07% 91.11% 89.46% 47.71% 126.94% 97.48% 101.40% Not Applicable 100.65% 86.36% 78.43%
100.00% *5 31.14% 91.31% Not Applicable 38.74% 91.31%
87.24% 69.16% 45.48% 81.33% 100.00% *5 92.75% 42.38% 99.22% 94.97% 88.30% Not Applicable 87.58% 99.06% 33.53% 69.79% 88.23% 97.18% 87.42%

1998 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
67.36% 75.23% 104.57% Not Available 89.26% 82.95% 80.06% 35.66% 121.55% 88.56% Not Available Not Applicable 100.27% 86.59% 81.70%
Not Available 15.09% 86.34%
Not Applicable 31.65% 87.05%
72.46% 59.44% 36.70% 72.85% Not Available 75.84% 40.99% 96.40% 95.97% 90.74% Not Applicable 78.70% 94.01%
7.82% 58.92% 96.50% 93.63% 81.54%

Page D-8

Appendix D: Historical Trend Data of Funded Ratio

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 Schley County Pension Plan Seminole County Pension Plan Spalding County Pension Plan Sumter County Pension Plan Tattnall County Pension Plan Telfair County Pension Plan Thomas County Pension Plan Tift County Pension Plan Toombs County Pension Plan Treutlen County Pension Plan Troup County Pension Plan Turner County Pension Plan Upson County Retirement Plan Walker County Commissioners' & Sheriffs
Department Defined Benefit Pension Plan Walton County Pension Plan

TYPE OF PLAN ACCG Defined Benefit, Closed Defined Benefit ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG Defined Benefit ACCG
Defined Benefit ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG ACCG Defined Benefit
Defined Benefit ACCG

FUNDED RATIO FROM APPENDIX C
76.09% 97.56% 66.48% 75.21% 79.93% *2 49.79% 37.81% 71.51% 84.08% 71.95% 81.64% 75.81% 63.29% 68.48% 98.98% 75.53% 46.78% 76.55% 100.00% *5 38.25%
100.00% *5 75.52% 65.79% *2 *2 79.95% 94.07% *2 60.26% 69.72% 79.43% 72.91% 77.68% 71.41% 83.28% 44.95% *3
88.68% 72.14%

2002 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
88.52% 87.58% 79.59% 83.21% 98.91% Not Applicable 54.08% 33.13% 84.22% 97.69% 93.90% 97.26% 91.84% 76.98% 74.62% 111.34% 84.52% 48.05% 86.62% 100.00% *5 26.01%
100.00% *5 91.07% 76.21% Not Applicable Not Applicable 92.55% 98.41% Not Applicable 63.98% 84.61% 92.06% 82.45% 87.76% 76.12% 95.35% 44.43% 80.28%
85.89% 89.12%

2000 BIENNIAL RETIREMENT
REPORT FUNDED RA TIO
91.34% 85.76% 72.88% 89.84% 103.66% Not Applicable 52.66% 26.49% 90.28% 103.58% 97.85% 106.20% 98.20% 77.32% 85.56% 123.88% 85.87% 46.39% 89.20% 100.00% *5 15.01%
100.00% *5 93.38% 80.82% Not Applicable Not Applicable 97.50% 100.91% Not Applicable 63.39% 85.75% 93.92% 84.35% 89.98% 73.37% 98.62% 42.00% 77.02%
Not Applicable 86.90%

1998 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
86.17% 81.02% 66.56% 75.25% 90.83% Not Applicable 47.83%
6.61% 85.68% 97.03% 99.34% 111.17% 96.80% 66.92% 86.93% 102.22% 96.23% 36.64% 89.23% 100.00% *5 Not Applicable
117.50% 107.18% 78.14% Not Applicable Not Applicable 92.09% 84.46% Not Applicable 85.42% 93.91% 89.83% 78.75% 92.59% 59.30% 100.26% 26.27% Not Available
Not Applicable Not Available

Page D-9

Appendix D: Historical Trend Data of Funded Ratio

Ware County Pension Plan Warren County Retirement Plan Washington County Pension Plan Whitfield County Pension Plan Wilcox County Pension Plan Wilkes County Pension Plan Wilkinson County Pension Plan
Combined Counties
CONSOLIDATED GOVERNMENTS
Athens-Clarke County Employees' Pension Plan Augusta City Employees Pension Plan Augusta Firemen's Pension Fund Augusta General 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 Richmond County Employee Pension Fund (1945) Richmond County Retirement Plan for Employees
Combined Consolidated Governments
REGIONAL DEVELOPMENT CENTERS
Atlanta Regional Commission Retirement Plan Coosa Valley RDC Retirement Plan Georgia Mountains RDC Retirement Plan Heart of Georgia Altamaha RDC Retirement Plan Middle Georgia RDC Retirement Plan

TYPE OF PLAN ACCG Defined Benefit ACCG ACCG ACCG ACCG ACCG

FUNDED RATIO FROM APPENDIX C
78.66% *3
71.92% 79.81% 41.73% 66.00% 66.43%
91.40%

Defined Benefit Defined Benefit, Closed Defined Benefit, Closed Defined Benefit, Closed Defined Benefit, Closed Defined Benefit, Closed GMEBS
GMEBS
Defined Benefit
Defined Benefit
Defined Benefit, Closed
Defined Benefit

89.65% *6 *6 *6
110.78% *6
91.52%
103.76%
77.10%
77.30%
90.56%
63.98%
83.86%

Defined Benefit GMEBS GMEBS GMEBS GMEBS

87.75% I 10.23% 90.72% 108.42% 90.63%
Page D-10

2002 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
97.01% 100.03% 75.30% 94.83% 37.95% 71.75% 72.95%
92.36%

2000 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
99.87% 102.15% 74.74% 97.70% 25.24% 56.13% 70.47%
94.76%

98.38% *6 *6 *6
129.00% *6
91.59%
110.74%
79.80%
80.92%
102.35%
71.50%
90.45%

97.52% Not Applicable Not Applicable Not Applicable
138.43% Not Applicable
86.57%
112.14%
78.03%
78.56%
109.77%
70.57%
90.75%

100.00% s
127.79% 106.42% 128.24% 104.46%

105.10% 136.35% 128.48% 161.97% 127.17%

1998 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
84.66% 61.54% 75.35% 94.04% Not Applicable Not Available 87.07%
93.36%
100.40% Not Applicable Not Applicable Not Applicable
134.70% Not Applicable
80.08%
93.97%
81.78%
81.72%
120.60%
125.70%
89.16%
Not Available 108.84% 133.46% 134.44% 106.55%

Appendix D: Historical Trend Data of Funded Ratio

Northeast Georgia RDC Retirement Plan (I) South Georgia RDC Retirement Plan Southeast Georgia RDC Retirement Plan (I) Southwest Georgia RDC Retirement Plan
Combined Regional Development Centers

TYPE OF PLAN GMEBS GMEBS GMEBS Defined Benefit

FUNDED RATIO FROM APPENDIX C
69.00% 100.48% 86.59% 100.00% *5
93.51%

2002 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
Not Applicable 111.80%
Not Applicable 100.00% *5
106.26%

2000 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
Not Applicable 120.01%
Not Applicable 100.00% 5
114.28%

1998 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
Not Applicable 105.57%
Not Applicable 100.00% 5
134.31%

LOCAL BOARDS OF EDUCATION {8} Fulton County School
Employees' Pension Fund Gwinnett County Board of Education Retirement System
Combined Local Boards of Education

Defined Benefit Defined Benefit

3 100.00% *5
100.00%

44.81% 100.00% *5
82.25%

46.25% 100.00% 5
82.07%

44.52% 145.99%
99.64%

LOCAL AUTHORITIES
Acworth Housing Authority, City of Atlanta Housing Authority, City of Austell Gas System Retirement Plan Carroll County Water Authority Chatsworth Water Commission Cherokee County Water and Sewerage Authority (I) Cobb County-Marietta Water Authority Columbus Medical Center Hospital Authority Conyers Housing Authority, City of Douglasville-Douglas County
Water and Sewage Authority Dublin-Laurens County Recreation 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 Heard County Water Authority Henry County Water and Sewerage Authority Houston County Hospital Authority Jasper County Joint 911 Authority Jonesboro Housing Authority LaGrange Housing Authority Lavonia Housing Authority

GMEBS Defined Benefit Defined Benefit Defined Benefit GMEBS GMEBS Defined Benefit Defined Benefit GMEBS
GMEBS GMEBS GMEBS Defined Benefit GMEBS Defined Benefit GMEBS Defined Benefit GMEBS ACCG Defined Benefit GMEBS GMEBS GMEBS GMEBS

112.67% 104.64% 100.00% *5 100.00% *5 85.22% 25.38% 100.00% *5 91.17% 83.50%
81.91% 114.03% 90.71% 100.00% 5 25.30% 59.96% 81.82% 107.81% 139.32% 2 90.50% 100.68% 60.96% 134.82% 85.75%
Page D-11

129.76% 106.30% 100.00% *5 100.00% *5 82.62%
4.77% 100.00% 5 *3 92.05%
84.68% 114.48% 99.32% 100.00% *5 Not Applicable 69.90% 96.56% 120.76% 56.17% Not Applicable 88.14% 117.48% 48.37% 164.45% 99.24%

129.98% 95.74% 100.00% *5 100.00% *5 78.70% Not Applicable 100.00% *5 150.96% 105.05%
93.55% 180.97% 113.50% 100.00% 5 Not Applicable 74.51% 90.75% 123.09% 60.03% Not Applicable 96.48% 137.47% 28.76% I 81.41% 104.51%

109.92% 118.05% Not Available 159.03% 72.59% Not Applicable 100.00% 5 135.02% 85.05%
111.13% Not Applicable
81.10% Not Available Not Applicable
82.12% 85.57% 129.55% Not Applicable Not Applicable 85.23% Not Applicable 10.72% 113.83% 87.21%

Appendix D: Historical Trend Data of Funded Ratio

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 Mount Vernon Housing Authority Newnan Water and Light Commission Peach County Hospital Authority Polle County Water Authority Rome-Floyd County Recreation Authority Roswell Housing Authority, City of Toccoa Housing Authority, City of Towns County Water & Sewer Authority Valdosta/Lowndes County Hospital Authority Vidalia Housing Authority, City of Vienna Housing Authority, City of Villa Rica Housing Authority, City of Wallcer County Water and Sewage Authority Walton County Water and Sewage Authority Washington County Memorial Hospital
Combined Local Authorities
Combined Totals

TYPE OF PLAN Defined Benefit Defined Benefit
Defined Benefit
Defined Benefit GMEBS Defined Benefit Defined Benefit Defined Benefit GMEBS Defined Benefit GMEBS GMEBS Defined Benefit GMEBS GMEBS GMEBS Defined Benefit GMEBS Defined Benefit

FUNDED RATIO FROM APPENDIX C
81.34% 100.00% *5
60.75%
98.67% 86.68% 89.87% 16.53% 100.00% *5 115.15% 100.00% *5 100.62% 66.68% 87.11% 88.26% 86.35% 99.14% 94.38% 49.65% *3
88.19%
80.44%

2002 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
101.46% 100.00% *5
100.00% *5
90.24% 109.24% 90.20% 21.40% 100.00% *5 120.75% 100.00% *5 107.84% 57.97% 85.05% 78.55% 75.61% 92.97% 89.51% 54.56% *3
96.96%
86.44%

2000 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
114.39% 100.00% *5
100.00% *5
100.00% *5 125.86% 91.22% 28.69% 100.00% *5 131.31% 116.29% 113.62% 35.32% 100.29% 63.03% 57.41% 82.88% 80.80% 51.59% 100.00% *5
104.71%
88.63%

1998 BIENNIAL RETIREMENT
REPORT FUNDED RATIO
Not Available 100.00% *5
99.89%
Not Available 115.71%
Not Available 32.16%
Not Available 102.85% 110.05% 102.78%
Not Applicable 97.18% 54.46%
Not Available 57.10% 73.68% 48.35% 105.77%
115.86%
84.78%

*I - Plan was established after 1/1/2003. *2 - Plan was established after 1/1/2003. No information on actuarial value of plan assets or actuarial accrued liability was available. *3 - Information was not submitted - government is not in compliance with O.C.G.A. 47-1-3 requiring actuarial valuation. *4 - Columbus Consolidated Government separately funds its Post-retirement Death Benefit Plan and the Major Income
Disability Plan, which are not reflected in the amounts reported. *5 - Aggregate actuarial cost method used. In accordance with GASB Statement No. 27, the actuarial accrued liability is
equal to the actuarial value of plan assets under this actuarial cost method. *6 - 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. *7 - Peachtree City established a new single-employer defined benefit plan in 2004. The last GMEBS actuarial report available was 2002. *8 - Since the City of Atlanta's Board of Education is part of the City's plan, information is provided with the City of Atlanta.

Page D-12

APPENDIXE
POSTEMPLOYMENT BENEFITS
OTHER THAN
DEFINED BENEFIT

Appendix E: Postemplovment Benefits Other Than Defined Benefit

Name of Government
Cities Abbeville Acworth Adel Alapaha Albany Aldora Alma Alpharetta Americus Andersonville Aragon Arcade Arlington Ashburn Atlanta Board of Education Atlanta (Firemen) Atlanta (General Employees) Atlanta (Policemen) Avondale Estates Bainbridge Baldwin Baxley Blackshear Blairsville Blakely Bowdon Braselton Bremen Brooklet Brunswick Buchanan Buena Vista Buford Butler

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

Page E-1

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

Postemployment Healthcare Benefits
X X X
X
X
X X X X X
X X
X

Other Postemployment
Benefits X X X X
X
X

X

X

X

Appendix E: Postemployment Benefits Other Than Defined Benefit

Byron Cairo Calhoun Camilla Canton Carrollton Cartersville Cave Spring Cedartown Centerville Chamblee Chatsworth Chickamauga Clarkesville Clarkston Clayton Cleveland College Park Colquitt Commerce Concord Conyers Cornelia Covington Crawford Cumming Dahlonega Dallas Dalton Dawson Decatur Dillard Doerun Donalsonville Doraville Douglas

Name of Government

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

Page E-2

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

Other Postemployment
Benefits
X

X X
X

X

X

X

X

X

X X

Appendix E: Postemployment Benefits Other Than Defined Benefit

Douglasville Dublin Duluth East Dublin East Point Edison Elberton Ellaville Ellijay Emerson Fairburn Fayetteville Flowery Branch Folkston Forest Park Forsyth Fort Gaines Fort Valley Franklin Springs Gainesville . Garden City Georgetown Glennville Gray Greensboro Griffin Grovetown Hampton Hapeville Hartwell Hawkinsville Hazlehurst Helen Helena Hephzibah Hinesville

Name of Government

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

Page E-3

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

Postemployment Healthcare Benefits X X
X

Other Postemployment
Benefits
X
X

X

X

X

X

X

X

X

X

X

Appendix E: Postemployment Benefits other Than Defined Benefit

Hoboken Hogansville Holly Springs Homer Homerville Hoschton Jackson Jasper Jefferson Jesup Jonesboro Kennesaw Kingsland LaFayette LaGrange Lake City Lakeland Lavonia Lawrenceville Leesburg Lenox Lithonia Locust Grove Loganville Louisville Macon Madison Manchester Mansfield Marietta Marshallville McDonough McIntyre McRae Meigs Metter

Name of Government

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

Page E-4

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

Postemployment Healthcare Benefits

Other Postemployment
Benefits

X
X X

X

X

X

X

X

X

X

X

X

X

Appendix E: Postemployment Benefits Other Than Defined Benefit

Milledgeville Momoe Montezuma Monticello Morrow Moultrie Mountain Park Nahunta Newnan Norcross Ocilla Odum Oglethorpe Omega Peachtree City Pelham Pendergrass Perry Pine Lake Pine Mountain Plains Pooler Port Wentworth Porterdale Powder Springs Preston Quitman Riceboro Richland Rincon Ringgold Riverdale Rockmart Rome Roswell Royston

Name of Government

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

Page E-5

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

Postemployment Healthcare Benefits
X X X

Other Postemployment
Benefits X
X

X

X

X X

X X

X

X

X X
X

Appendix E: Postemployment Benefits Other Than Defined Benefit

Rutledge Sale City Sandersville Sardis Savannah Screven Sharpsburg Smithville Smyrna Snellville Social Circle Sparks Springfield St. Marys Statesboro Statham Stone Mountain Sugar Hill Suwanee Swainsboro Sylvania Sylvester Tennille Thomaston Thomasville Thomson Thunderbolt Tifton Toccoa Trenton Tunnel Hill Turin Tybee Island Tyrone Unadilla Union City

Name of Government

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

Page E-6

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

Postemployment Healthcare Benefits

Other Postemployment
Benefits

X

X

X

X

X X

X

X

X

X

X X

X

X

X

X

X

Appendix E: Postemployment Benefits Other Than Defined Benefit

Union Point Valdosta Vienna Villa Rica Waco Wamer Robins Watkinsville Waycross WestPoint Whitesburg Winder Winterville Woodbine Woodstock Wrens Young Harris Zebulon

Name of Government

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

Counties Appling County Atkinson County Baker County Baldwin County Banks County Barrow County Bartow County Ben Hill County Berrien County Bibb County Brantley County Brooks County Bryan County Bulloch County Butts County Calhoun County Camden County

X
X X X X X X Page E-7

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

Postemployment Healthcare Benefits X X X X
X

Other Postemployment
Benefits
X

X

X
X X

X

X

X

X

X

Appendix E: Postemployment Benefits Other Than Defined Benefit

Name of Government
Candler County Carroll County Catoosa County Chatham County Chattooga County Cherokee County Clay County Clayton County Clinch County Cobb County Coffee County Colquitt County Columbia County Cook County Coweta County Crisp County Chattahoochee County Dade County Dawson County Decatur County DeKalb County Dooly County Dougherty County Douglas County Early County Effingham County Elbert County Emanuel County Fannin County Fayette County Floyd County Forsyth County Franklin County Fulton County Gilmer County Glynn 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

Page E-8

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

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

Appendix E: Postemployment Benefits Other Than Defined Benefit

Gordon County Grady County Greene County Gwinnett County Habersham County Hall County Haralson County Harris County Hart County Heard County Henry County Houston County Irwin County Jackson County Jasper County Jeff Davis County Jefferson County Jenkins County Jones County Lamar County Lanier County Laurens County Lee County Liberty County Long County Lowndes County Lumpkin County Macon County Madison County Marion County McDuffie County McIntosh County Meriwether County Miller County Mitchell County Monroe County

Name of Government

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

Page E-9

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

Postemployment Healthcare Benefits

Other Postemployment
Benefits

X

X

X

X

X X
X
X

X

X

X

X

X

Appendix E: Postemployment Benefits Other Than Defined Benefit

Morgan County Murray County Newton County Oconee County Paulding County Peach County Pickens County Pierce County Pike County Polk County Putnam County Quitman County Rabun County Rockdale County Schley County Screven County Seminole County Spalding County Stephens County Stewart County Sumter County Talbot County Taylor County Terrell County Thomas County Tift County Toombs County Troup County Turner County Twiggs County Union County Walker County Walton County Ware County Washington County Wayne County

Name of Government

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

Page E-10

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

Postemployment Healthcare Benefits

Other Postemployment
Benefits

X

X X
X

X

X X
X

X X

X

X

X

Appendix E: Postemployment Benefits Other Than Defined Benefit

Wheeler County White County Whitfield County Wilcox County Wilkes County Wilkinson County Worth County

Name of Government

Defined Contribution
Plan(s) X X
X

Consolidated Governments

Athens/Clarke County

X

Augusta/Richmond County

X

Columbus-Muscogee County

Regional Development Centers

Atlanta Regional Commission

X

Central Savannah River Area RDC

X

Chattahoochee Flint RDC

X

Coastal Area District Development Authority, Inc.

(a component unit of Coastal Georgia RDC)

X

Coastal Georgia RDC

X

Coosa Valley RDC

Georgia Mountains RDC

X

Georgia Mountains Regional Economic Development Corp.

(a component unit of Georgia Mountains RDC)

X

Heart of Georgia-Altamaha RDC

Lower Chattahoochee RDC

X

McIntosh Trail RDC

X

Middle Flint RDC

X

Middle Georgia RDC

North Georgia RDC

X

Northeast Georgia RDC

X

South Georgia RDC

Southeast Georgia RDC

Southwest Georgia RDC

Page E-11

Deferred Compensation
Plan(s)
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

X

Appendix E: Postemployment Benefits Other Than Defined Benefit

Name of Government
Local Boards of Education (1) Bibb County Board of Education Calhoun Board of Education Cartersville Board of Education Cherokee County Board of Education Cobb County Board of Education Glynn County Board of Education Gwinnett County Board of Education Marietta Board of Education Pickens County Board of Education

Defined Contribution
Plan(s)
X X
X

Local Authorities Augusta Canal Authority Augusta-Richmond County Planning Commission Baldwin County Hospital Authority Banks-Jackson-Commerce Hospital and Nursing Home Authority Bremen Housing Authority Brunswick and Glynn County Development Authority Butts County, City of Flovilla, City of Jackson, and
City of Jenkinsburg Water and Sewer Authority Camden County Joint Development Authority Camden County Public Service Authority Catoosa Utility District Authority Chatham Area Transit Authority Chatsworth Water Commission Cherokee County Parks and Recreation Authority Cherokee County Water and Sewerage Authority Chicopee Woods Area Park Commission Classic Center Authority for Clarke County Clayton County Water Authority Clinch County Hospital Authority Cobb County-Marietta Water Authority Cobb-Marietta Coliseum and Exhibit Hall Authority Consolidated Housing Authority of Talbot County, Georgia Coweta County Development Authority Crisp County Hospital Authority

X
X X X X
X X X X X
X X
X
X X X X
Page E-12

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

Postemployment Healthcare Benefits
X
X X
X X

Other Postemployment
Benefits
X

X

X

X

X

X X

X

X

X

Appendix E: Postemployment Benefits Other Than Defined Benefit

Name of Government
Development Authority of Bainbridge and Decatur County Development Authority of Cherokee County Development Authority of Douglas County Development Authority of Houston County Development Authority of the City of Milledgeville and Baldwin County Development Authority of Walton County Douglasville-Douglas County Water and Sewer Authority Downtown Athens Development Authority Downtown Development Authority of Hartwell, Georgia Downtown Development Authority of Toccoa Dublin-Laurens County Recreation Authority Ellijay-Gilmer County Water and Sewerage Authority Etowah Area Consolidated Housing Authority Etowah Water and Sewer Authority Fairburn Housing Authority Fitzgerald Water, Light, and Bond Commission Flint Area Consolidated Housing Authority Fort Valley Utilities Commission Fulton-DeKalb Hospital Authority Grady County Joint Development Authority Greene County Hospital Authority Griffin-Spalding County Development Authority Hawkinsville Housing Authority Heard County Water Authority Henry County Water and Sewerage Authority Hospital Authority of Ben Hill County Hospital Authority of Bulloch County Hospital Authority of Calhoun County, Georgia Hospital Authority of Candler County Hospital Authority of Charlton County Hospital Authority of Colquitt County Hospital Authority of Effingham County Hospital Authority of Houston County Hospital Authority of Irwin County Hospital Authority of Liberty County Hospital Authority of Miller County

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

Page E-13

Deferred Compensation
Plan(s)
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

Appendix E: Postemployment Benefits Other Than Defined Benefit

Name of Government
Hospital Authority of Monroe County Hospital Authority of Putnam County Hospital Authority of Randolph County Hospital Authority of Valdosta and Lowndes County, Georgia Hospital Authority of Wayne County, Georgia Hospital Authority of Wilkes County Housing Authority of City of Danielsville Housing Authority of Clayton County Housing Authority of Columbus, Georgia Housing Authority of Fulton County Housing Authority of Savannah Housing Authority of Screven County Housing Authority of the City of Albany Housing Authority of the City of Ashburn Housing Authority of the City of Athens, Georgia Housing Authority of the City of Augusta, Georgia Housing Authority of the City of Bainbridge Housing Authority of the City of Baxley Housing Authority of the City of Buford, Georgia Housing Authority of the City of Cairo, Georgia Housing Authority of the City of Calhoun Housing Authority of the City of Camilla Housing Authority of the City of Canton Housing Authority of the City of Cedartown, Ga. Housing Authority of the City of Clayton, Georgia Housing Authority of the City of College Park Housing Authority of the City of Colquitt Housing Authority of the City of Conyers Housing Authority of the City of Cordele, Georgia Housing Authority of the City of Covington Housing Authority of the City of Crawfordville Housing Authority of the City of Cuthbert, GA Housing Authority of the City of Dahlonega Housing Authority of the City of Dawson Housing Authority of the City of Decatur, Georgia Housing Authority of the City of Dublin, Georgia

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

Page E-14

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

Postemployment Healthcare Benefits

Other Postemployment
Benefits

X

X

X

X

X

Appendix E: Postemployment Benefits Other Than Defined Benefit

Name of Government
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 Ellijay, Georgia Housing Authority of the City of Fitzgerald Housing Authority of the City of Fort Oglethorpe, Georgia Housing Authority of the City of Gainesville Housing Authority of the City of Glennville Housing Authority of the City of Griffin Housing Authority of the City of Harlem, Georgia Housing Authority of the City of Hartwell Housing Authority of the City of Hinesville, Ga Housing Authority of the City of Hogansville Housing Authority of the City of Homerville, Georgia 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 Lawrenceville, GA Housing Authority of the City of Lithonia, Georgia Housing Authority of the City of Loganville, GA Housing Authority of the City of Louisville Housing Authority of the City of Madison, GA Housing Authority of the City of Marietta Housing Authority of the City of McDonough Housing Authority of the City of Menlo, Georgia Housing Authority of the City of Milledgeville and Sparta Housing Authority of the City of Millen Housing Authority of the City of Momoe, GA Housing Authority of the City of Monticello Housing Authority of the City of Moultrie, Georgia Housing Authority of the City of Nashville, Georgia Housing Authority of the City of Ocilla, Ga Housing Authority of the City of Quitman Housing Authority of the City of Ringgold Housing Authority of the City of Roberta, GA. Housing Authority of the City of Rome, GA

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

Page E-15

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

Postemployment Healthcare Benefits

Other Postemployment
Benefits

X X

Appendix E: Postemployment Benefits Other Than Defined Benefit

Name of Government
Housing Authority of the City of Royston Housing Authority of the City of Sandersville Housing Authority of the City of Social Circle, GA Housing Authority of the City of Soperton Housing Authority of the City of Statesboro Housing Authority of the City of Summerville Housing Authority of the City of Swainsboro Housing Authority of the City of Sylvania Housing Authority of the City of Tallapoosa, Georgia Housing Authority of the City of Thomaston Housing Authority of the City of Thomson, Georgia Housing Authority of the City of Villa Rica Housing Authority of the City of Warner Robins, Georgia Housing Authority of the City of Warrenton Housing Authority of the City of Waycross Housing Authority of the City of Waynesboro Housing Authority of the City of West Point Housing Authority of the City of Winder Housing Authority of the County of DeKalb, Georgia Houston County Development Authority Jackson Housing Authority Jenkins County Hospital Authority LaFayette Housing Authority LaGrange Housing Authority Liberty County Industrial Development Authority Macon Water Authority Macon-Bibb County Industrial Authority McDuffie Co/Thomson Water/Sewer Commission McDuffie Regional Medical Center McIntosh County Industrial Development Authority Metropolitan Atlanta Rapid Transit Authority Morgan County Hospital Authority Moultrie-Colquitt County Development Authority Newnan Water and Light Commission Northeast Georgia Housing Authority Notla Water System

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

Page E-16

Deferred Compensation
Plan(s)
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

Appendix E: Postemployment Benefits Other Than Defined Benefit

Name of Government
Palmetto Housing Authority Peach County Hospital Authority Peachtree City Water and Sewerage Authority Pelham Housing Authority Polk County Water, Sewage and Solid Waste Authority Rabun County Hospital Authority Rome-Floyd County Recreation Authority Satilla Regional Water and Sewer Authority Screven County Hospital Authority Southeast Georgia Consolidated Housing Authority Stephens County Development Authority Stephens County Hospital Authority Tattnall County Development Authority The Baxley and Appling County Hospital Authority The Housing Authority of the City of Americus, GA The Housing Authority of the City of Atlanta, Georgia The Housing Authority of the City of Brunswick, Georgia The Housing Authority of the City of Dallas, Georgia The Housing Authority of the City of Newnan The Housing Authority of the City of Washington Thomaston-Upson County Airport Authority Tift County Hospital Authority Troup County Airport Authority Union City Housing Authority Union County Hospital Authority Valdosta Housing Authority Valdosta-Lowndes County Conference Center and Tourism Authority Walker County Water and Sewerage Authority Walton County Hospital Authority Walton County Water and Sewerage Authority White County Water and Sewerage Authority Worth County Economic Development Authority

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

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

*1 - Since the City of Atlanta's Board of Education is part of the City's plan, information is provided with the City of Atlanta.

Postemployment Healthcare Benefits
X
X

Other Postemployment
Benefits

Page E-17