Matched in attachment:
"... Valuation
Below we present Tables I-1 and I-2 which summarize the key results of the valuation with
respect ... over a larger than expected payroll base, which
decreased the contribution rate by 0.14% and 0.73%, respectively ... This reduced the contribution rate
by 0.57%, 2.28% and 0.29% for County, Novato, and San Rafael, respectively ... these
losses would results in amortization payments of 17.6% and 20.4% for San Rafael and Novato,
respectively ... play a key role in the financial operation of the Plan and in the decisions the
Board may make with respect ..."