Pension Reform Assessment

Fiscal Impact: On Municipalities $ in millions Proposed Contributions FY 2012 FY 2013 Defined Defined Total Contribution Baseline Benefit Contribution MERS Municipal $20.37 $40.93 $24.59 $2.18 $26.77 MERS Police and Fire $12.77 $24.81 $10.68 $0.99 $11.67 MERS Subtotal $33.14 $65.74 $35.27 $3.17 $38.44 Teachers Retirement $142.82 $220.95 $112.49 $16.17 $128.66 Total $175.95 $286.69 $147.76 $19.34 $167.10 MERS/Teachers GRS 23

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