Fully Funded by 2049
Through diligent financial management and collaborative efforts among stakeholders, we are steadily improving our funding status. The systems’ actuary projects that all systems will be fully funded by 2049 based on: The most recent actuarial valuation, the closed amortization period set in statute, the systems receiving the full Actuarially Determined Employer Contribution (ADEC) each year, and all actuarial assumptions being met.
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