Pension Reform Assessment

Actual Liabilities and Assets: With and Without Reforms State Employee Plan Liabilities and Assets as of June 30, 2022 in $billions $9.0 59% Funded Ratio $8.0 $7.0 $6.0 $4.9 $5.0 $4.0 $2.9 $3.0 $2.0 $1.0 $- GRS Actual 61% Funded Ratio $7.4 $4.5 39% Funded Ratio $7.4 $2.9 Without Reform Without Reform, Actual Contributions Pension Liability Asset Values 35 55

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