With Borders

No Borders

CERF Actuarial Information

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
80%
89%