Pension Reform Assessment

Employer Contribution Rates had already been increasing, and then finally spiked based on the 2010 valuation Contributions as a Rate of Payroll 40% 35% 30% 25.03% 22.98% 25% 23.88% 22.01% 20.07% 19.64% 20% 16.47% 21.13% 22.32% 20.77% 13.72% 14.84% 20.69% 21.64% 15% 11.97% 18.40% 14.84% 10% 11.51% 9.60% 5%7.68% GRS 36.34% 35.25% 0% 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 -State Employees Teachers 5

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