1. 1 Future Retiree Benefits Michael E Finn

2. 2 Projected Cash Flows of Options (as shown in study session)

3. Examined years of service ranging from 15 years and higher through 20 years and higher to be eligible. Once years of service criteria has been met, District monthly contributions increase with increased years of service – Min. eligibility to 20 years of service $200 – 21-25 years of service $250 – 26-30 years of service $300 – 31 years or greater $368 3 Future Retiree Benefits

4. 15 year policy would exclude 598 employees from current policy (875 would qualify) – Increase from 15 years to 16 years would exclude an additional 129 employees (727 total excluded) – Increase from 16 years to 17 years excludes additional 116 employees (843 total excluded) – Increase from 17 years to 18 years excludes additional 73 employees (916 total excluded) – Increase from 18 years to 19 years excludes additional 58 employees (974 total excluded) – Increase from 19 years to 20 years excludes additional 53 employees (1027 total excluded) 4 Impacts of scenarios

5. 5 Cash Flows for Future Retiree Scenarios

6. 6

7. QUESTIONS 7