State Employees Retirement System


Fiscal Year Actuarial Request Actual Funding Percent of Request Unfunded Pension Benefit Obligation (market value - 6/30 data) Percent Actuarial Funding (6/30 data)
1998 $33,519,949 --
1997 $25,152,400 $21,899,639 87.1%
1996 $28,399,638 $21,100,000 77.8% ($60,516,000) 110.5%
1995 $28,974,701 $20,383,360 70.3% $ 2,926,000 99.5%
1994 $26,997,463 $21,790,524 80.7% $70,922,000 87.0%
1993 $27,419,566 $22,667,882 82.7% $53,494,445 89.5%
1992 $30,211,328 $17,669,248 58.5% $93,541,300 81.2%
1991 $26,626,620 $17,864,979 67.1% $69,489,700 83.7%
Totals $168,629,316 $122,475,993 72.6%

Source: Joint Fiscal Office Analysis