Police Pension Fund

VILLAGE OF BUFFALO GROVE, ILLINOIS

Police Pension Fund

Required Supplementary Information Schedule of Employer Contributions December 31, 2021

Fiscal Year Actuarially Determined Contribution Contributions in Relation to the Actuarially Contribution

Determined Excess/ Contribution (Deficiency) Covered Payroll Contributions as a Percentage of Covered Payroll

2014 $ 2,359,777 $ 2,083,758 $ (276,019) $ 5,984,178 34.82% 2015 2,256,676 2,284,315 27,639 6,056,962 37.71% 2016 2,407,865 2,430,017 22,152 6,406,672 37.93% 2017 2,538,183 2,641,453 103,270 6,565,793 40.23% 2018 2,673,256 2,668,632 (4,624) 6,738,022 39.61% 2019 2,795,672 2,899,820 104,148 6,957,008 41.68% 2020 3,034,524 3,095,593 61,069 7,316,636 42.31% 2021 3,361,940 3,333,876 (28,064) 6,594,984 50.55%

Notes to the Required Supplementary Information:

Actuarial Cost Method Entry Age Normal Amortization Method Level % Pay (Closed) Remaining Amortization Period 19 Years Asset Valuation Method 5-Year Smoothed Market Inflation 2.25% Salary Increases Graded by Years of Service Investment Rate of Return 7.00% Retirement Age Graded by Age (11% at 50 to 100% at age 62) Mortality PubS-2010(A) Adjusted for Plan Status, Collar, and Illinois Public Pension Data, as Appropriate

Note: This schedule is intended to show information for ten years. Information for additional years will be displayed as it becomes available.