Pension Reform Assessment

Projected State Budget State Contributions in $millions $600 $500 Projected State Budget for Contributions to State Employees' Plan and State's Share of the $374 $400 $300 $200 $100 in Teachers Plan $500 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 Proposed Assumptions and Amortization Schedule Proposed Assumptions and Amortization Schedule, Assuming 5% Actual Returns Just completed an experience study, confirming the current assumption set Contributions are projected to grow about 2.1% per year through 2035 Contributions are projected to grow at 3.2% per year annually if returns are closer to 5% (GRS 31

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