Pension Reform Assessment

The Defined Contribution Accounts have performed well to provide supplemental income . Annualized returns from 7/1/12 through 9/30/23 for the target date funds: - - - - 2025: 6.8% - 2035: 8.0% 2045: 8.8% 2055: 8.9% The median balance for members who have been active since 2012 is $67,700, with a range of $37,700 to $100,700 - 1 standard deviation GRS 40 40

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