Comprehensive Annual Financial Report Fiscal Year Ended June 30, 2002 BASIC FINANCIAL STATEMENTS Required Supplementary Information Schedules of Employer Contributions

State of Connecticut

Required Supplementary Information
Schedules of Employer Contributions
(Expressed in Millions)
SERS TRS JRS MERS PJRS
Annual Annual Annual Annual Annual
Fiscal Required Percentage Required Percentage Required Percentage Required Percentage Required Percentage
Year Contrib-
ution
Contrib-
uted
Contrib-
ution
Contrib-
uted
Contrib-
ution
Contrib-
uted
Contrib-
ution
Contrib-
uted
Contrib-
ution
Contrib-
uted
1997 $542.8 64.3% $174.0 85.0% $9.3 100.0% $21.3 100.0% $0.32 100.0%
1998 $567.6 59.0% $211.0 85.0% $9.3 100.0% $18.8 100.0% $0.25 100.0%
1999 $315.6 100.0% $221.6 85.0% $9.3 100.0% $18.1 100.0% $0.32 100.0%
2000 $342.8 100.0% $240.5 85.0% $9.3 100.0% $32.0 100.0% $- -
2001 $375.6 100.0% $252.5 85.0% $9.8 100.0% $15.5 100.0% $- -
2002 $415.5 100.0% $210.7 97.1% $9.6 100.0% $15.3 100.0% $- -

The information presented in the required supplementary schedules was determined as part of the actuarial valuations at the dates indicated. Additional information as of the latest actuarial valuation follows.

SERS TRS JRS MERS PJRS
Valuation date 6/30/2002 6/30/2002 6/30/2002 6/30/2001 12/31/2001
           
Actuarial cost method Projected Entry age Projected Entry age Entry Age
  unit credit   unit credit    
           
Amortization method Level percent Level percent Level percent Level percent -
  of pay, closed of pay, closed of pay, closed of pay, closed  
Remaining amortization          
period 30 Years 10-29 Years 29 Years 10-25 Years -
           
Asset valuation method 5 year 4 year 5 year 5 year Asset
  smoothed smoothed smoothed smoothed smoothing
  market market market market  
Actuarial assumptions:          
Investment rate of return 8.5% 8.5% 8.5% 8.5% 8.5%
Projected salary increases 4.25-15% 4-8% 5.5% 4.5-11.25% 6%
Includes inflation at 5% 4% 5.5% 3.75% 3.5%
Cost-of-living adjustments 2.75-3.75% 3% 3-5.5% 2.5-5.0% 3%