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4. DETAILED NOTES ON ALL FUNDS (Continued) <br />Pension Plans — Primary Government (Continued) <br />Contributions (Continued) <br />Actuarial Cost Method <br />Amortization Method <br />Remaining Amortization Period <br />Asset Valuation Method <br />Investment Rate of Return <br />Projected Salary Increases <br />Includes Inflation at <br />Cost -of- living Adjustments <br />Actuarial Assumptions <br />- Unit Credit <br />- Level Percent of Payroll <br />- 25 Years - Open Period <br />- Amortized Cost (to accurately reflect the <br />requirements of GASB Statement No. 25, <br />paragraphs 36e and 138) <br />- 7% <br />- None <br />- 3.5% <br />- None <br />The City is one of 821 municipalities having the benefit plan administered by TMRS. Each of <br />the 811 municipalities has an annual, individual actuarial valuation performed. All assumptions <br />for the December 31, 2006, valuations are contained in the 2004 TMRS Comprehensive Annual <br />Financial Report, a copy of which may be obtained by writing to P. O. Box 149153, Austin, <br />Texas 78714 -9153. <br />50 <br />