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Assini Forecast

Assini Forecast

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Published by The Post-Standard

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Published by: The Post-Standard on Feb 20, 2013
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 Analysis of Stable Rate Pension Option vs. Normal Contribution
 
General Employees Only - ERS - Salary FiguresYearFiscal YearStable RatePensionOptionSalaries
Pension Invoice
NormalContribution
Pension Invoice
1 2014 -2015 12.00%
$35,454,982
$4,254,598 21.80% $7,729,1862 2015 -2016 12.00% $36,341,357 $4,360,963 17.90% $6,505,1033 2016 -2017 12.00% $37,249,890 $4,469,987 15.90% $5,922,7334 2017 -2018 12.00% $38,181,138 $4,581,737 14.10% $5,383,540
52018-201912.00%$39,135,666$4,696,28012.20%$4,774,551
6 2019 -2020 12.00% $40,114,058 $4,813,687 12.00% $4,813,6877 2020 -2021 12.00% $41,116,909 $4,934,029 10.50% $4,317,2758 2021 -2022 12.00% $42,144,832 $5,057,380 9.90% $4,172,3389 2022 -2023 12.00% $43,198,453 $5,183,814 9.00% $3,887,861
102023-202412.00%$44,278,414$5,313,4108.10%$3,586,552
11 2024 -2025 12.00% $45,385,374 $5,446,245 7.90% $3,585,44512 2025 -2026 12.00% $46,520,009 $5,582,401 7.60% $3,535,52113 2026 -2027 12.00% $47,683,009 $5,721,961 7.20% $3,433,17714 2027 -2028 12.00% $48,875,084 $5,865,010 6.50% $3,176,88015 2028 -2029 12.00% $50,096,961 $6,011,635 6.30% $3,156,10916 2029 -2030 12.00% $51,349,385 $6,161,926 6.10% $3,132,31317 2030 -2031 12.00% $52,633,120 $6,315,974 6.00% $3,157,98718 2031 -2032 12.00% $53,948,948 $6,473,874 6.00% $3,236,93719 2032 -2033 12.00% $55,297,672 $6,635,721 6.00% $3,317,86020 2033 -2034 12.00% $56,680,114 $6,801,614 6.00% $3,400,80721 2034 -2035 12.00% $58,097,116 $6,971,654 6.00% $3,485,82722 2035 -2036 12.00% $59,549,544 $7,145,945 6.00% $3,572,97323 2036 -2037 12.00% $61,038,283 $7,324,594 6.00% $3,662,29724 2037 -2038 12.00% $62,564,240 $7,507,709 6.00% $3,753,85425 2038 -2039 12.00% $64,128,346 $7,695,402 6.00% $3,847,701$145,327,549 $102,548,513
Assumptions
Stable Rate Option = 12% for 25 years per NYS BudgetNormal Contribution = NYS Executive Bud and Mgmt Pla Assumes an avg. 2.5% Salary IncreaseDoes not include adjustment allowed for poor performinga. first review after 5 years may bump rate 2%b. second review after 10 years may bump rate byUnanswered questions - what is the minimum time com
 
calculated on repayment for leaving the plan?calculated on repayment for leaving the plan?
 
rovided by See Through NYAnnual Savings /(Loss)
$3,474,588$2,144,140$1,452,746$801,804
$78,271
Stable Rate Pension Option - 1st period for increase up to 2%
$0($616,754)($885,041)($1,295,954)
($1,726,858)
Stable Rate Pension Option -2nd period for increase up to 2%
($1,860,800)($2,046,880)($2,288,784)($2,688,130)($2,855,527)($3,029,614)($3,157,987)($3,236,937)($3,317,860)($3,400,807)($3,485,827)($3,572,973)($3,662,297)($3,753,854)($3,847,701)
($42,779,036)
ffice (ERS)n Pg 24 - years after 2030 kept flatpensions2%itment and what are the compound interest rates

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