Pension Reform Assessment
Even if current actives were just refunded their contributions,
still needed a significant increase in contributions
Current Retirees and
Valuation Results ($ in millions)
Total
Eligible to Retire
Current Actives
1. Accrued Liabillity
$5,204
$4,284
$920
2.
Assets
2,532
2,206
326
3.
Unfunded actuarial accrued liability
$2,672.0
$2,078.3
$593.7
4.
Funded ratio
48.66%
51.49%
35.45%
5.
FY 2012 Projected Contributions
Employer Normal Costs
25.3
4.9
20.4
Amortization Payments
221.2
172.1
49.2
Total Employer Contributions
$246.5
$176.9
$69.5
As a percentage of Payroll
36.85%
26.45%
10.40%
Employee Contributions
Total
55.1
$301.6
8.9
$185.8
46.3
$115.8
Assets for Current Actives equal to member contribution balances, all other assets allocated to Retirees
GRS
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