Pension Reform Assessment

Contributions were projected to go higher: State Employees Projected Contributions as a Rate of Payroll 50% 40% 36.34% 30% 22.98% 20% 10% 0% 2010 2013 44.73% 2016 2019 2022 2025 2028 Based on Actuarial Value of Assets as of June 30, 2010 With recognition of Current Deferred Losses Assumes ARC met each year and actual investment return of 7.50% during each year •Assumes continuation of current amortization policy and current member rate •Payroll grows at assumed 3.75% per year GRS 6

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