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Investor Presentaiton

Mixed Picture: FY10 Data Show Investment Gains, Recession's Legacy For the 16 states for which fiscal year 2010 data are now available, the average pension funding level fell slightly to 75 percent from 77 percent the previous year. Figures are in thousands. THE PEW CENTER ON THE STATES Pension liability Pct. funded Required contribution Pct. paid State Connecticut Delaware FY10 $44,826,900 7,922,174 Florida 148,116,907 Idaho Iowa 12,513,200 27,057,850 FY09 $41,311,400 53% 7,615,166 92 141,485,280 82 12,057,500 79 26,602,516 81 FY10 FY09 62% FY10 $1,472,000 FY09 $1,307,200 87% FY10 FY09 96% 94 148,586 148,940 97 97 84 2,860,448 2,928,569 107 108 74 262,100 235,626 114 132 81 524,877 495,196 89 87 Kentucky 37,006,999 Louisiana 41,356,966 35,686,737 54 39,657,924 58 1,023,898 964,979 58 58 56 60 1,599,612 1,375,288 84 97 Maine 14,799,200 14,410,000 70 73 330,300 331,700 103 100 Maryland 54,498,265 53,054,565 64 65 1,544,873 1,338,342 87 84 Minnesota 57,604,243 60,835,351 80 77 1,276,570 1,128,407 67 78 Nevada 35,163,755 33,148,347 70 72 1,394,802 1,344,489 92 90 New Hampshire 8,953,932 North Dakota 4,977,500 8,475,062 58 58 269,677 262,984 100 75 4,475,800 72 81 107,524 83,339 66 80 Tennessee Texas Vermont 35,198,741 163,416,523 4,090,328 35,198,741 90 90 836,727 836,911 100 100 155,679,204 83 4,012,955 75 35 84 73 3,363,531 89,514 2,611,397 82 99 68,615 94 93 SOURCE: Pew Center on the States 2011. Funded ratios continue to decline. 7
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