Pension Reform Assessment

Actual Compared to Illustrated without the 2011 Reforms: State Contribution Rate for State Employees Contributions as a Percentage of Payroll 60% 50% 50% 49% 50% 48% 46% 47% 44% 45% 45% 46% 45% 41% 40% 34% 30% 25% 25% 26% 26% 28% 28% 28% 29% 29% 23% 23% 23% 24% 21% 20% 10% 0% 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Without 2011 Reforms Actual GRS 34

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