Pension Reform Assessment

If the contributions were not significantly increased, the funded status would continue to deteriorate 120% 100% 80% 60% 40% 20% Projected Funded Ratio 5.75% actual investment return would extinguish fund 0% 2010 2013 2016 2019 2022 2025 2028 2031 2034 2037 2040 2043 2046 - Current Policy (19 year) Current Contribution Extended -Current Contribution Extended with 5.75% Investment Return •Assumes 22.98% employer contribution each year and actual investment return of 7.50% during each year after 2011 •Payroll grows at assumed 3.75% per year GRS 8

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