Plan Membership |
As of January 1, 2022 |
Covered Payroll |
$492,172,734 |
Average Pay per Active Member |
$41,035 |
Actuarially Determined Contribution (ADC) |
|
Unfunded Actuarial Accrued Liability (UAAL) |
$169,561,170 |
Amortization of UAAL, with interest to mid-year |
$21,685,748 |
Normal Cost, with interest to mid-year |
$30,692,974 |
Reduction in Normal Cost for Member Contributions |
$18,143,942 |
Annual Required Contributions
|
$34,234,780
|
    as a percent of payroll |
7.3% |
Plan Assets |
|
Actuarial Value |
$691,876,733 |
Market Value |
$769,149,721 |
Funded Status |
|
Entry Age Normal Actuarial Accrued Liability
|
$861,437,903 |
Funded Ratios
Funded Percentage on Actuarial Value of Assets |
Funded Percentage on Market Value of Assets |
|
|