Pension Reform Assessment

$2,500 $2,000 $1,500 $1,000 $500 $0 Projected Unfunded Liability State Employees 2022 2023 2024 UAAL (2021 VAL) 2025 2026 2027 UAAL (2022 VAL) 2028 2029 2030 GRS 2031 2032 Funded Ratio (2021 VAL) 2033 2034 2035 2036 Funded Ratio (2022 VAL) $ in Millions 2037 2038 2039 2040 28 120% 100% 80% 60% 40% 20% 0%

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