With Borders

No Borders

CERF Actuarial Information

Plan Membership As of January 1, 2017
Covered Payroll $401,037,836
Average Pay per Active Member $35,481
Actuarially Determined Contribution (ADC)
Unfunded Actuarial Accrued Liability (UAAL) $195,560,505
Amortization of UAAL, with interest to mid-year $18,211,278
Normal Cost, with interest to mid-year $22,311,026
Reduction in Normal Cost for Member Contributions $13,845,066
Annual Required Contributions $26,677,238
    as a percent of payroll 6.65%
Plan Assets
Actuarial Value $477,065,373
Market Value $450,770,049
Funded Status
Entry Age Normal Actuarial Accrued Liability $672,625,878
Funded Ratios
Funded Percentage on Actuarial Value of Assets
Funded Percentage on Market Value of Assets
71%
67%