LCPR05‑215
1.1 M ............... moves to amend S.F. No. 2038, H.F. No.
1.2 2173, as follows:
1.3 Page 9, line 3, delete "value of all assets at"
1.4 Page 9, delete lines 4 to 8 and insert "market value of all
1.5 assets as of the preceding December 31, reduced by:
1.6 (i) 20 percent of the difference between the actual net
1.7 change in the market value of assets between the December 31
1.8 that occurred three years earlier and the December 31 that
1.9 occurred four years earlier and the computed increase in the
1.10 market value of assets over that calendar year period if the
1.11 assets had increased at the percentage preretirement interest
1.12 rate assumption used in the actuarial valuation for the January
1.13 1 that occurred four years earlier;
1.14 (ii) 40 percent of the difference between the actual net
1.15 change in the market value of assets between the December 31
1.16 that occurred two years earlier and the December 31 that
1.17 occurred three years earlier and the computed increase in the
1.18 market value of assets over that calendar year period if the
1.19 assets had increased at the percent age preretirement interest
1.20 rate assumption used in the actuarial valuation for the January
1.21 1 that occurred three years earlier;
1.22 (iii) 60 percent of the difference between the actual net
1.23 change in the market value of assets between the December 31
1.24 that occurred one year earlier and the December 31 that occurred
1.25 two years earlier and the computed increase in the market value
1.26 of assets over that calendar year period if the assets had
1.27 increased at the percentage preretirement interest rate
1.28 assumption used in the actuarial valuation for the January 1
1.29 that occurred two years earlier; and
1.30 (iv) 80 percent of the difference between the actual net
1.31 change in the market value of assets between the immediately
1.32 prior December 31 and the December 31 that occurred one year
1.33 earlier and the computed increase in the market value of assets
1.34 over that calendar year period if the assets had increased at
1.35 the percentage preretirement interest rate assumption used in
1.36 the actuarial valuation for the January 1 that occurred one year
2.1 earlier."