Pension Plans
Required Supplementary Information
Schedule of Employer Contributions
(Expressed in Thousands)
2014 2013 2012 2011 2010 2009 2008 2007 2006 2005
SERS
Actuarially determined
employer contribution $1,268,935 $1,059,652 $926,372 $944,077 $897,428 $753,698 $716,944 $663,926 $623,063 $518,764
Actual employer contributions 1,268,890 1,058,113 926,343 825,801 720,527 699,770 711,555 663,931 623,063 518,764
Annual contributions deficiency
excess $45 $1,539 $29 $118,276 $176,901 $53,928 $5,389 $(5) $- $-
Covered Payroll $3,355,077 $3,304,538 $3,209,782 $3,308,498 $2,920,661 $3,497,400 $3,497,400 $3,310,400 $3,107,900 $2,980,100
Actual contributions as a percentage
of covered-employee payroll 37.82% 32.02% 28.86% 24.96% 24.67% 20.01% 20.35% 20.06% 20.05% 17.41%
TRS
Actuarially determined
employer contribution $948,540 $787,536 $757,246 $581,593 $559,224 $539,303 $518,560 $412,099 $396,249 $281,366
Actual employer contributions 948,540 787,536 757,246 581,593 559,224 539,303 518,560 412,099 396,249 281,366
Annual contributions deficiency
excess $- $- $- $- $- $- $- $- $- $-
Covered Payroll $3,930,957 $4,101,750 $3,943,990 $3,823,754 $3,676,686 $3,529,470 $3,393,717 $3,296,792 $3,169,992 $3,035,232
Actual contributions as a percentage
of covered-employee payroll 24.13% 19.20% 19.20% 15.21% 15.21% 15.28% 15.28% 12.50% 12.50% 9.27%
JRS
Actuarially determined
employer contribution $16,298 $16,006 $15,095 $16,208 $15,399 $14,172 $13,434 $12,375 $11,730 $12,236
Actual employer contributions 16,298 16,006 15,095 - - 14,173 13,434 12,375 11,730 12,236
Annual contributions deficiency
excess $- $- $- $16,208 $15,399 $(1) $- $- $- $-
Covered Payroll $33,386 $31,748 $30,308 $33,102 $31,602 $34,000 $33,982 $33,757 $31,803 $30,149
Actual contributions as a percentage
of covered-employee payroll 48.82% 50.42% 49.81% 0.00% 0.00% 41.69% 39.53% 36.66% 36.88% 40.59%