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ATTACHMENT C The below chart illustrates the rise in General Fund (GF) costs for public safety pension. The forecast for fiscal years 2021-22 through 2024-25 is based on preliminary information from the Public Safety Personnel Retirement System (PSPRS) Actuary and is based on the valuation dated June 30, 2019. Projected amounts account for recent changes made by the PSPRS Board to lower the payroll growth assumption from 3.5% to 2.0% by a factor of 0.5% each fiscal year, and accounts for assumed final plan investment performance not achieving the assumed rate of return for fiscal year end June 30, 2020. Actual amounts may differ from the forecast and will be based on the June 30, 2020 valuation to be issued in December 2020. 25,000,000 75,000,000 125,000,000 175,000,000 225,000,000 15-16 16-17 17-18 18-19 19-20 20-21 21-22 22-23 23-24 24-25 Actuals Actuals Actuals Actuals Actuals Budget Forecast Forecast Forecast Forecast GF PUBLIC SAFETY PENSION COSTS GF Fire GF Police