| Plan Membership |
As of January 1, 2024 |
| Covered Payroll |
$600,022,218 |
| Average Pay per Active Member |
$48,372 |
| Actuarially Determined Contribution (ADC) |
|
| Unfunded Actuarial Accrued Liability (UAAL) |
$182,257,093 |
| Amortization of UAAL, with interest to mid-year |
$25,346,377 |
| Normal Cost, with interest to mid-year |
$36,516,500 |
| Reduction in Normal Cost for Member Contributions |
$22,811,216 |
| Annual Required Contributions
|
$39,051,661
|
| as a percent of payroll |
6.81% |
| Plan Assets |
|
| Actuarial Value |
$792,653,687 |
| Market Value |
$761,376,292 |
| Funded Status |
|
| Entry Age Normal Actuarial Accrued Liability
|
$974,910,780 |
Funded Ratios
| Funded Percentage on Actuarial Value of Assets |
| Funded Percentage on Market Value of Assets |
|
|
