| 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 |
|
|
