Plan Membership |
As of January 1, 2023 |
Covered Payroll |
$536,204,101 |
Average Pay per Active Member |
$44,147 |
Actuarially Determined Contribution (ADC) |
|
Unfunded Actuarial Accrued Liability (UAAL) |
$178,674,936 |
Amortization of UAAL, with interest to mid-year |
$23,662,163 |
Normal Cost, with interest to mid-year |
$32,836,106 |
Reduction in Normal Cost for Member Contributions |
$20,183,150 |
Annual Required Contributions
|
$36,315,120
|
    as a percent of payroll |
7.08% |
Plan Assets |
|
Actuarial Value |
$735,030,072 |
Market Value |
$676,097,668 |
Funded Status |
|
Entry Age Normal Actuarial Accrued Liability
|
$913,705,008 |
Funded Ratios
Funded Percentage on Actuarial Value of Assets |
Funded Percentage on Market Value of Assets |
|
|