Budget 2023 Summary

Pension Plan Positions Pension Plan Number of Members Most recent Valuation Actuarial Basis (millions) Accrued Basis (millions) Teachers' 102,000 Dec 31, 2020 - $1,584 105.3% $3,096 114% - College 33,000 Aug 31, 2021 Municipal 398,000 Dec 31, 2021 Public Service 138,000 Mar 31, 2020 + $892 RSA $202 103.2% - + $146 RSA $3,761 105.3% - + $3,185 RSA - $2,667 109.6% + $117M RSA $477-111% $9,742M - 120.9% $3,258 - 115% RSA = Rate Stabilization Account - funds set aside to mitigate future contribution rate increases 22

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