Pension Reform Assessment

Sources of Cost Nearly 90% of employer cost State Employees, $ millions $200 was attributable to $180 amortization costs $160 $140 • 78% of the amortized costs are associated with current retirees and those eligible to retire $120 $100 $80 $60 $40 $20 $0 Actives Retirees or Eligible GRS Amortization Cost Normal cost 10

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