Professional Documents
Culture Documents
Bond Proposal
Pension
Made all
required
holidays 2010 POB
contributions
O 2003 Pension Bond Act also provided that the State’s required
annual statutory contributions be reduced each year by the
State’s debt service payments allocated among the retirement
systems. (Who pays debt service?)
20
15
10
18.0
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0
CoGFA Mar-16 projected state contribution (in billions) Serial Bonds with a Sinking Fund + Normal Cost (in billions)
120.0
100.0
80.0
60.0
40.0
20.0
0.0
Total balance under historic return scenario(in billions) Total balance under adverse scenario(in billions)
initial investment(in billions)