ANSWERS TO QUESTIONS

Projection 2 – 0% of members opt out of future participation (i.e. 100% continue to participate and earn future benefits); 0% of those members opt out of using non-legislative pay ... Reflect a 1.5% future COLA assumption when calculating the funding requirement for KLRP (only a minimal COLA, as described in the July 1, 2011 valuation report ... ................
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