Pension Reform Assessment

Proposed Plan: MERS P&F Without Social Security: 3%/3% DC contribution New Hire at age 27, Continuous Employment until Age 55 (28 Year career) 21 GRS 100% Current DB Alternative DB Alternative DC 80% 70% 71% 69% 15% 60% 13% 40% 70% 56% 56% 20% 0% Current DB Alternate DB/DC DC earns 7.5% Alternate DB/DC DC earns 6.5% 21 21

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