Fiscal year Ended June 30, 2007 - psers

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Page 18 TABLE 8a SCHEDULE OF EMPLOYER CONTRIBUTIONS FOR PENSIONS GASB STATEMENT NO. 25 DISCLOSURE ($ Amounts in Thousands) Fiscal Year Annual Actual Ended Required Employer Percentage June 30 Contribution Contribution Contributed 2007 $ 1,708,821 $ 659,545 39 % 2006 1,328,373 456,878 34 2005 945,107 431,556 46 2004 321,091 321,091 100 2003 20,831 20,831 100 2002 539 539 100 The Annual Required Contribution (ARC) presented above was determined as part of the actuarial valuation as of two years prior to the dates indicated (i.e., the ARC for the fiscal year ended June 30, 2007 was determined by the valuation completed as of June 30, 2005. Additional information as of the latest actuarial valuation follows: Valuation Date: 6/30/2007 Actuarial Cost Method: Entry Age Amortization Method: Level dollar open Remaining Amortization Period: 30 Years Asset Valuation Method: 5-year smoothed market Actuarial Assumptions: - Investment Rate of Return * 8.50% -Projected Salaried Increases * 6.00% * Includes Inflation at: 3.25% THE PUBLIC SCHOOL EMPLOYEES’ RETIREMENT SYSTEM OF PENNSYLVANIA BUCK CONSULTANTS
Page 19 TABLE 8b SCHEDULE OF EMPLOYER CONTRIBUTIONS FOR POSTEMPLOYMENT BENEFITS OTHER THAN PENSIONS GASB STATEMENT NO. 43 DISCLOSURE ($ Amounts in Thousands) Fiscal Year Annual Actual Ended Required Employer Percentage June 30 Contribution Contribution Contributed 2007 $ 94,970 $ 86,763 91 % The Annual Required Contribution (ARC) presented above was determined as part of the actuarial valuation as of one year prior to the dates indicated (i.e., the ARC for the fiscal year ended June 30, 2007 was determined by the valuation completed as of June 30, 2006. Additional information as of the latest actuarial valuation follows: Valuation Date: 6/30/2007 Actuarial Cost Method: Entry Age Amortization Method: Level dollar open Remaining Amortization Period: 30 Years Asset Valuation Method: Market Actuarial Assumptions: - Investment Rate of Return * 8.50% -Projected Salaried Increases * 6.00% * Includes Inflation at: 3.25% THE PUBLIC SCHOOL EMPLOYEES’ RETIREMENT SYSTEM OF PENNSYLVANIA BUCK CONSULTANTS
Page 1 and 2: THE PUBLIC SCHOOL EMPLOYEES' RETIRE
Page 3 and 4: The Retirement Board Public School
Page 5 and 6: Page 1 Executive Summary This repor
Page 7 and 8: Page 3 Summary of Principal Results
Page 9 and 10: Page 5 Funded Ratio The financing o
Page 11 and 12: The following chart shows a ten-yea
Page 13 and 14: Page 9 GASB No. 43 Disclosure GASB
Page 15 and 16: Page 11 TABLE 1 SUMMARY OF RESULTS
Page 17 and 18: Page 13 TABLE 3 DETERMINATION OF HE
Page 19 and 20: Page 15 TABLE 5 DERIVATION OF ACTUA
Page 21: Page 17 TABLE 7 SCHEDULE OF FUNDING
Page 25 and 26: Page 21 TABLE 10 HISTORY AND PROJEC
Page 27 and 28: Page 23 TABLE 12 DESCRIPTION OF ACT
Page 29 and 30: Page 25 TABLE 12 DESCRIPTION OF ACT
Page 31 and 32: Page 27 TABLE 13 SUMMARY OF BENEFIT
Page 33 and 34: Page 29 TABLE 13 SUMMARY OF BENEFIT
Page 35 and 36: EXHIBIT I Page 31 ACTIVE MEMBERSHIP
Page 37 and 38: EXHIBIT III Page 33 THE NUMBER AND
Page 39 and 40: EXHIBIT V Page 35 ANNUITANT AND BEN
Page 41 and 42: EXHIBIT VI (Continued) Page 37 10 Y
Page 43 and 44: TABLE 1 Page 39 THE NUMBER AND ANNU
Page 49 and 50: TABLE 3 (Continued) Page 45 THE NUM
Page 57: EXHIBIT VIII Page 53 GLOSSARY (Cont

Fiscal year Ended June 30, 2007 - psers

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