Fiscal year Ended June 30, 2007 - psers
Fiscal year Ended June 30, 2007 - psers
Fiscal year Ended June 30, 2007 - psers
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Page 6<br />
Five-Year History of<br />
Total Funded Ratio*<br />
($ Amounts in Millions)<br />
Valuation as<br />
of <strong>June</strong> <strong>30</strong><br />
Accrued<br />
Liability<br />
Actuarial<br />
Value of<br />
Assets<br />
Unfunded<br />
Accrued<br />
Liability<br />
Funded Ratio<br />
<strong>2007</strong> $ 66,593.1 $ 57,155.1 $ 9,438.0 85.8%<br />
2006 64,720.1 52,557.5 12,162.6 81.2<br />
2005 61,226.6 51,219.3 10,007.3 83.7<br />
2004 57,123.0 52,094.5 5,028.5 91.2<br />
2003 54,443.8 52,900.5 1,543.3 97.2<br />
*For Pensions and Health Insurance (under the funding provisions of the PSERS code)<br />
The following chart shows a five-<strong>year</strong> history of the accrued liability and the actuarial value of<br />
assets:<br />
Five-Year History of Accrued Liability and Actuarial Value of Assets<br />
$ in Billions<br />
$70<br />
$60<br />
$50<br />
$40<br />
$<strong>30</strong><br />
$20<br />
$10<br />
$0<br />
2003 2004 2005 2006 <strong>2007</strong><br />
Accrued Liability<br />
Actuarial Value of Assets<br />
THE PUBLIC SCHOOL EMPLOYEES’<br />
RETIREMENT SYSTEM OF PENNSYLVANIA<br />
BUCK CONSULTANTS
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