FAE Factor= 1.5%
Denver Employees Retirement Plan
Purchase of Service Cost Factor
Earliest Unreduced Retirement Age
Age at
Purchase		 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70
20 5.90%
21 6.00%
22 6.09%
23 6.19%
24 6.30%
25 6.40%
26 6.51%
27 6.61%
28 6.72%
29 6.83%
30 6.95%
31 7.08%
32 7.23%
33 7.41%
34 7.60%
35 7.80%
36 8.01%
37 8.24%
38 8.48%
39 8.73%
40 9.01% 8.46%
41 9.30% 8.73%
42 9.61% 9.03% 8.47%
43 9.94% 9.34% 8.76%
44 10.30% 9.67% 9.07% 8.50%
45 10.68% 10.03% 9.40%

8.81%
46 11.08% 10.41% 9.76% 9.14% 8.55%
47 11.51% 10.81% 10.14% 9.50% 8.89%
48 11.97% 11.24% 10.54% 9.88% 9.42% 8.63%
49 12.47% 11.71% 10.98% 10.29% 9.62% 8.99%
50 12.99% 12.20% 11.44% 10.72% 10.03% 9.37% 8.74%
51 13.65% 12.73% 11.94% 11.19% 10.47% 9.78% 9.12%
52 14.18% 13.32% 12.49% 11.70% 10.95% 10.23% 9.45% 8.88%
53 14.86% 13.96% 13.09% 12.26% 11.47% 10.72% 10.00% 9.31%
54 15.60% 14.65% 13.74% 12.87% 12.04% 11.25% 10.49% 9.77% 9.08%
55 16.39% 15.39% 14.43% 13.52% 12.65% 11.82% 11.02% 10.26% 9.54%
56 16.19% 15.19% 14.23% 13.31% 12.43% 11.60% 10.80% 10.04% 9.31%
57 15.98% 14.97% 14.01% 13.08% 12.21% 11.37% 10.57% 9.80%
58 15.77% 14.75% 13.78% 12.85% 11.97% 11.13% 10.23% 9.56%
59 15.54% 14.52% 13.54% 12.61% 11.72% 10.88% 10.07%
60 15.31% 14.28% 13.30% 12.36% 11.47% 10.62%
61 15.06% 14.03% 13.04%

12.10%

 11.20%
62 14.81% 13.77% 12.78% 11.83%
63 14.55% 13.50% 12.51%
64 14.29% 13.23%
65 14.02%
66   13.74%
67   13.46%
68   13.17%
69   12.88%
70   12.57%
Assumptions:
- 8.00% discount rate
- 1994 GAM (50% Male/ 50% Female)
- 2007 valuation salasry increases
- Life annuity
- 1.5% final earnings (FAE) multiplier
- Factor applied to current annual FAE