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Don Rohan Thursday, January 24, 2013 9:42 AM Richard Tettamant RE: 20B-OI-PBOI· LocalRetirementSystems-CFP-HeflinQu intero.pdf

I have sent to David and copled you. Note that information in this comes from a PRB presentation last September to the House Committee on Pensions, Investments, and Financial Services. Note the following excerpt from the report: "The PRB does not project any immediate solvency Issues for any open mature actuarially funded local retirement systems. Cash flow analysis indicates that assets held by these plans are sufficient to pay benefits for retirees over the next 20 years." -----Original Message····· From: Richard Tettamant Sent: Wednesday, January 23, 2013 8:52 PM To: Joshua Mond; Don Rohan; Mike Taylor Subject: 2013-01-PB01-LocaIRetirementSystems-CFP·HeflinQulntero.pdf

Don Please check this with David especially the assumption that 80% is a true test.

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