a complete copy of the 2012 CAFR Report! - PSERs

ACTUARIAL SECTION
SCHEDULE OF EMPLOYER CONTRIBUTIONS FOR
POSTEMPLOYMENT BENEFITS OTHER THAN PENSIONS
GASB STATEMENT NO. 43 DISCLOSURE
($ Amounts in Thousands)
Fiscal Year Ended
June 30
Annual Required
Contribution
Actual Employer
Contribution
Percentage
Contributed
2011 $ 119,320 $ 88,796 74%
2010 117,187 102,703 88
2009 109,531 92,493 84
2008 101,352 81,317 80
2007 94,970 86,763 91
The Annual Required Contribution (ARC) beginning with the fiscal year ended June 30, 2009 was determined as part of the actuarial
valuation as of two years prior to the date indicated (i.e., the ARC for the fiscal year ended June 30, 2011 was determined by the
valuation completed as of June 30, 2009, which was based on an 8.00% interest rate). Prior to the fiscal year which ended June 30, 2009,
the ARC was determined as part of the actuarial valuation as of one year prior to the dates indicated.
Additional information as of the latest actuarial valuation follows:
Valuation Date: 6/30/2011
Actuarial Cost Method:
Amortization Method:
Remaining Amortization Period:
Asset Valuation Method:
Entry Age
Level Dollar, Open
30 Years
Market
Actuarial Assumptions:
- Investment Rate Return* 7.50%
- Projected Salaried Increases* 5.50%
*Includes Inflation at: 3.00%
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