EXHIBIT F: PUBLIC SECTOR RETIREMENT PRACTICES

Public Sector Retirement Practices

Agency	Retirement Benefit	Retirement Formula	Retirement Plan	Vesting
State of California	2% @ 55	Highest average 12 months	CalPERS	5 years
California State University System - Fresno	2% @ 55	Highest 12 Months	CalPERS	5 years
California State University System - Long Beach	2% @ 55	Highest 12 Months	CalPERS	5 years
California State University System - Sacramento	2% @ 55	Highest 12 Months	CalPERS	5 years
California State University System - San Francisco	2% @ 55	Highest 12 Months	CalPERS	5 years
California State University System - San Diego	2% @ 55	Highest 12 Months	CalPERS	5 years
City of Anaheim	2.7% @ 55	Single Highest Year	CalPERS	5 years
City of Bakersfield	3% @ 60	Single Highest Year	CalPERS	5 years
City of Chico	3% @ 60	Single Highest Year	CalPERS	5 years
City of Davis	2% @ 55	Single Highest Year	CalPERS	5 years
City of Eureka	2.7% @ 55	Single Highest Year	CalPERS	5 years
City of Folsom	2.7% @ 55	Single Highest Year	CalPERS	5 years
City of Fresno	2% @ 55 for first 25 years; 1% after	Highest Consecutive 36 Months	Own System	5 years
City of Hayward	2.5% @ 55	Single Highest Year	CalPERS	5 years
City of Long Beach	2.7% @ 55	Single Highest Year	CalPERS	5 years
City of Los Angeles	2.16% times years of service @ 55 and 30 years of service	Highest Average Monthly Compensation	LACERA	5 years
	or 2.16% times years of service @ 60 and 10 years of service
City of Modesto	2% @ 55	Highest 12 months	CalPERS	5 years
City of Oakland	2.7% @ 55	Single Highest Year	CalPERS	5 years
City of Pasadena	2% @ 55	Average 3 years	CalPERS	5 years
City of Redding	2.7% @ 55	Single Highest Year	CalPERS	5 years
City of Roseville	2.7% @ 55	Single Highest Year	CalPERS	5 years
City of Sacramento	2% @ 55	Single Highest Year	CalPERS	5 years
City of San Diego	2.5% @ 55	Single Highest Year	SDCERS	10 years
City/County of San Francisco	2% @ 50 with 20 years	Single Highest Year	SFERS	5 years
	2% @ 60 with 10 years
City of San Jose	2.5% @ 55	Single Highest Year	Federated	5 years
City of Stockton	2% @ 55	Average 12 months final compensation	CalPERS	5 years
City of Vacaville	2.7% @ 55	Single Highest Year	CalPERS	5 years
City of West Sacramento	2% @ 55	Highest 36 month average	CalPERS	5 years
County of Alameda	Tier 1 2% @ 57	Tier 1 Highest Year	1937 Act	5 years
	Tier 2 2.2% @ 62	Tier 2 Highest 3 Years
County of Butte	2% @ 55	Single Highest Year	CalPERS	5 years
County of Contra Costa	2% @ 55	Highest 3 year average	1937 Act	5 years
County of El Dorado	2% @ 55	Single Highest Year	CalPERS	5 years
County of Fresno	Tier I 2.5% @ 55	Single Highest Year	1937 Act	5 years
	Tier II 2.0% @ 55
County of Imperial	2.5% at 58	Single Highest Year	1937 Act	10 years
County of Kern	3% @ 60	Highest 12 months	1937 Act	5 years
County of Los Angeles	Plan D approx. 2% @ 61	Plan D Average highest consecutive 12 months	1937 Act	Plan D 5 years
	Plan E 2% @ 65	Plan E Average highest 3 years, consecutive or not		Plan E 10 years
County of Marin	3% @ 55	Final Compensation	1937 Act	10 years
County of Merced	3% @ 60	Tier 1 - 1 year	1937 Act	5 years
		Tier 2 - 3 years
County of Monterey	2% @ 55	Single Highest Year	CalPERS	5 years
County of Orange	2.7% @ 55	Single Highest Year	1937 Act	None
County of Placer	2.5% @ 55	Single Highest Year	CalPERS	5 years
County of Riverside	3% @ 60	Single Highest Year	CalPERS	5 years
County of Sacramento	2% @ 50	Highest 3 years	1937 Act	5 years
County of San Bernardino	2% @ 55	Highest 12 months	1937 Act	5 years
County of San Diego	3% @ 60	Single Highest Year	SDCERA	5 years
County of San Joaquin	2% @ 55.5	Average highest consecutive 12 months	1937 Act	5 years
County of San Mateo	2% @ 55.5	Average of 3 highest years	1937 Act	5 years
County of Santa Clara	2% @ 55	Single Highest Year	CalPERS	8 years
County of Solano	2.7% @ 55	Highest 12 months	CalPERS	5 years
County of Ventura	2% @ 61.5	Average of 3 highest years	1937 Act	5 years
County of Yolo	2% @ 55	Single Highest Year	CalPERS	5 years
Bay Area Rapid Transit District	2% @ 55	Single Highest Year	CalPERS	5 years
East Bay MUD	2.6% @ 62	Highest 2 years	Own System	5 years
Federal Government - Bay Area	1% of highest three years X # of years of service	Highest 3 years	FERS	5 years
Federal Government - Central California	1% of highest three years X # of years of service	Highest 3 years	FERS	5 years
Federal Government - Los Angeles	1% of highest three years X # of years of service	Highest 3 years	FERS	5 years
Federal Government - Sacramento	1% of highest three years X # of years of service	Highest 3 years	FERS	5 years
Federal Government - San Diego	1% of highest three years X # of years of service	Highest 3 years	FERS	5 years
Los Angeles Department of Water & Power	2.1% @ 60	Single Highest Year	Own System	5 years
	2.3% @ 55-60 with 30+ years
Sacramento Municipal Utility District	2% @ 55	Highest 3 years	CalPERS	5 years
Agency A	2.5% @ 60	Highest 3 year average	Own System	5 years
Agency B	2.5% @ 60	Highest 3 year average	Own System	5 years
Agency C	2.5% @ 60	Highest 3 year average	Own System	5 years
Agency D	2.5% @ 60	Highest 3 year average	Own System	5 years
Agency E	2.5% @ 60	Highest 3 year average	Own System	5 years
Agency F	2.5% @ 60	Highest 3 year average	Own System	5 years