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Culture Documents
Fiscal
Year
Ending
June
2008
2009
2010
2011
Projected
Employer
Total
Total
Pension
Employee
Additional
Unfunded
Preliminary
Health
Employer
Employer
Rate
Contribution Employer
Appropriation
Member
Liability
Employer
Care
Contribution Contribution
Floor
Rate
Normal Cost Payroll ($1,000) Contribution
Rate
Pension Rate Contribution
Rate
(thousands)
4.00 %
7.16 %
7.61 %
(4.28) %
4.00 %
0.69 %
4.69 %
4.00 %
7.29 %
6.68 %
(3.37) %
3.31 %
0.76 %
4.76 %
4.00
7.32
7.35
(3.72)
3.63
0.78
4.78
4.00
7.34
8.08
(0.50)
7.58
0.64
5.64
$
761,964
2012
2013
2014
2015
2016
14,112,000
14,565,146
15,031,927
15,528,583
16,058,316
8.00
8.00
8.00
8.00
8.00
4.00
4.00
4.00
4.00
7.14
7.37
7.39
7.40
7.42
7.43
8.12
8.05
7.72
7.42
7.14
2017
2018
2019
2020
2021
16,624,603
17,226,433
17,869,493
18,555,740
19,283,872
8.00
8.00
8.00
8.00
8.00
6.89
6.65
6.43
6.21
6.02
7.44
7.45
7.46
7.47
7.47
2022
2023
2024
2025
2026
20,054,674
20,859,762
21,697,618
22,571,207
23,478,297
8.00
8.00
8.00
8.00
8.00
5.84
5.65
5.48
5.31
5.14
2027
2028
2029
2030
2031
24,413,100
25,373,860
26,362,159
27,376,641
28,418,854
8.00
8.00
8.00
8.00
8.00
2032
2033
2034
2035
2036
29,490,217
30,591,497
31,728,081
32,908,017
34,136,505
2037
2038
2039
2040
2041
2042
2043
2044
Unfunded
Accrued
Funded
Liability
GASB
Ratio
($ Millions) Compliant?
81.2 % $
12,162.6
79.2 % $
15,739.2
75.1
19,698.6
71.4
23,443.1
1,943,645
0.00 %
10.15
11.28
12.98
14.53
15.86
6.89
6.65
6.43
6.21
6.02
2,573,495
3,218,600
3,879,299
4,553,352
5,259,307
0.00
0.00
0.00
0.00
0.00
16.96
17.99
19.19
20.15
20.37
23.85
24.64
25.62
26.36
26.39
0.65
0.63
0.62
0.60
0.57
24.50
25.27
26.24
26.96
26.96
4,073,028
4,353,120
4,688,955
5,002,628
5,198,932
57.5
56.3
57.1
58.0
59.0
42,930.9
45,654.5
46,411.6
47,086.0
47,534.6
yes
yes
yes
yes
yes
7.47
7.48
7.48
7.48
7.48
5.84
5.65
5.48
5.31
5.14
5,996,802
6,771,890
7,591,178
8,458,498
9,384,075
0.00
0.00
0.00
0.00
0.00
20.62
20.83
21.00
21.13
21.24
26.46
26.48
26.48
26.44
26.38
0.57
0.57
0.57
0.57
0.57
27.03
27.05
27.05
27.01
26.95
5,420,778
5,642,566
5,869,206
6,096,483
6,327,401
60.3
61.8
63.4
65.3
67.3
47,721.6
47,627.6
47,233.5
46,520.1
45,467.8
yes
yes
yes
yes
yes
4.97
4.81
4.64
4.47
4.31
7.49
7.49
7.49
7.49
7.49
4.97
4.81
4.64
4.47
4.31
10,365,999
11,414,873
12,532,411
13,717,521
14,980,910
0.00
0.00
0.00
0.00
0.00
21.32
21.40
21.46
21.53
21.59
26.29
26.21
26.10
26.00
25.90
0.57
0.57
0.57
0.57
0.57
26.86
26.78
26.67
26.57
26.47
6,557,359
6,795,120
7,030,788
7,273,974
7,522,471
69.4
71.7
74.1
76.6
79.3
44,057.9
42,274.8
40,098.8
37,493.6
34,420.7
yes
yes
yes
yes
yes
8.00
8.00
8.00
8.00
8.00
4.15
3.99
3.83
3.67
3.52
7.49
7.49
7.49
7.50
7.50
4.15
3.99
3.83
3.67
3.52
16,318,234
17,738,216
19,242,046
20,831,782
22,506,369
0.00
0.00
0.00
0.00
0.00
21.66
21.73
21.80
21.87
11.17
25.81
25.72
25.63
25.54
14.69
0.57
0.57
0.57
0.57
0.57
26.38
26.29
26.20
26.11
15.26
7,779,519
8,042,505
8,312,757
8,592,283
5,209,231
82.1
85.1
88.1
91.4
92.9
30,837.1
26,696.1
21,945.7
16,529.2
14,057.2
yes
yes
yes
yes
yes
35,412,663
36,743,837
38,132,725
39,585,813
41,106,104
8.00
8.00
8.00
8.00
8.00
3.37
3.23
3.10
2.98
2.87
7.50
7.50
7.50
7.50
7.50
3.37
3.23
3.10
2.98
2.87
24,260,081
26,103,348
28,029,043
30,040,892
32,144,640
0.00
0.00
0.00
0.00
0.00
10.10
8.43
6.93
5.65
4.60
13.47
11.66
10.03
8.63
7.47
0.57
0.57
0.57
0.57
0.57
14.04
12.23
10.60
9.20
8.04
4,971,938
4,493,771
4,042,069
3,641,895
3,304,931
94.3
95.5
96.5
97.4
98.1
11,619.7
9,462.3
7,586.0
5,965.2
4,559.4
yes
yes
yes
yes
yes
42,693,996
44,343,227
46,056,166
8.00
8.00
8.00
2.76
2.66
2.56
7.50
7.50
7.50
2.76
2.66
2.56
34,321,252
36,645,249
39,126,611
0.00
0.00
0.00
3.60
2.41
1.45
6.36
5.07
4.01
0.57
0.57
0.57
6.93
5.64
4.58
2,958,694
2,500,958
2,109,372
98.6
99.0
99.2
3,392.3
2,596.7
2,137.4
yes
yes
yes
18.27
19.33
20.70
21.95
23.00
0.65
0.69
0.69
0.68
0.66
8.65
12.19
16.69
21.18
23.66
1,220,688
1,775,491
2,508,829
3,288,954
3,799,398
68.0
64.9
62.5
60.8
59.3
27,235.8
30,899.3
34,186.3
37,012.4
39,732.6
yes
yes