With Borders

No Borders

CERF Actuarial Information

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
80%
74%