With Borders

No Borders

CERF Actuarial Information

Plan Membership As of January 1, 2025
Covered Payroll $647,441,280
Average Pay per Active Member $51,799
Actuarially Determined Contribution (ADC)
Unfunded Actuarial Accrued Liability (UAAL) $263,032,993
Amortization of UAAL, with interest to mid-year $31,199,626
Normal Cost, with interest to mid-year $44,491,877
Reduction in Normal Cost for Member Contributions $25,216,266
Actuarially Determined Contribution, County Portion $50,475,238
    as a percent of payroll 8.14%
Plan Assets
Actuarial Value $849,368,857
Market Value $832,401,115
Funded Status
Entry Age Normal Actuarial Accrued Liability $1,085,401,850
Funded Ratios
Funded Percentage on Actuarial Value of Assets
Funded Percentage on Market Value of Assets
78%
77%