Actuarial Information

With Borders

No Borders

CERF Actuarial Information

Plan Membership As of January 1, 2018
Covered Payroll $414,454,785
Average Pay per Active Member $36,040
Actuarially Determined Contribution (ADC)
Unfunded Actuarial Accrued Liability (UAAL) $199,671,571
Amortization of UAAL, with interest to mid-year $19,488,197
Normal Cost, with interest to mid-year $23,547,569
Reduction in Normal Cost for Member Contributions $14,768,333
Annual Required Contributions $28,267,433
    as a percent of payroll 6.82%
Plan Assets
Actuarial Value $507,132,934
Market Value $509,530,207
Funded Status
Entry Age Normal Actuarial Accrued Liability $706,804,505
Funded Ratios
Funded Percentage on Actuarial Value of Assets
Funded Percentage on Market Value of Assets
72%
72%