Page 97 - Moreno Valley 2025 Annual Financial Report

City of Moreno Valley, California

Notes to Financial Statements
For the Year Ended June 30, 2025

Note 8. Employee Pension Plan (Continued)

All other amounts The EARSL for the Plan for the measurement
period ending June 30, 2024 is 2.8 years, which
was obtained by dividing the total service years
of 3,704 (the sum of remaining service lifetimes
of the active employees) by 1,307 (the total
number of participants: active, inactive, and
retired). Inactive employees and retirees have
remaining service lifetimes equal to 0. Total future
service is based on the members’ probability of
decrementing due to an event other than receiving
a cash refund.

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