STATE OF CONNECTICUT Comprehensive Annual Financial Report - State Employees' Retirement System Required Supplementary Information Revenues by Source and Expenses by Type

State of Connecticut

State Employees' Retirement System
Required Supplementary Information
Revenues by Source and Expenses by Type

(Expressed in Millions)

Revenues by Source
State Contributions
Fiscal
Year
Employee
Contributions
Dollar
Amount
% of Annual
Covered Payroll
Investment
Income
OtherTotal
1987 $27.8 $275.8 21.2%$102.8 $43.0 $449.4
1988 $28.0 $272.3 19.1%$144.6 $50.6 $495.5
1989 $28.7 $324.3 20.5%$180.8 $49.0 $582.8
1990 $29.2 $288.4 16.4%$260.6 $53.6 $631.8
1991 $33.8 $208.8 11.6%$179.7 $60.0 $482.3
1992 $33.2 $195.3 10.0%$312.7 $51.4 $592.6
1993 $32.9 $250.8 13.0%$297.8 $42.6 $624.1
1994 $35.8 $248.4 11.6%$356.3 $61.8 $702.3
1995 $35.5 $206.7 9.6%$185.2 $85.5 $512.9
1996 $35.9 $254.4 11.2%$658.4 $80.7 $1,029.4
Expenses by Type
Fiscal
Year
BenefitsAdministrativeRefundsOtherTotal
1987 $154.9 $0.1 $2.8 $- $157.8
1988 $171.7 $0.2 $2.7 $0.6 $175.2
1989 $192.6 $1.9 $2.2 $0.6 $197.3
1990 $248.4 $0.5 $1.8 $0.7 $251.4
1991 $272.1 $0.2 $1.8 $- $274.1
1992 $303.9 $0.1 $3.0 $- $307.0
1993 $351.9 $0.2 $2.2 $- $354.3
1994 $367.6 $0.2 $2.3 $- $370.1
1995 $388.9 $0.2 $2.3 $14.4 $405.8
1996 $418.5 $0.1 $4.8 $- $423.4

Contributions were made in accordance with actuarially determined contribution requirements for fiscal years 1987 through 1989. From 1990 through 1996 the actuarially determined contribution requirements were $354.4 million, $398 million, $431.2 million, $447.8 million, $480.4 million, $535.3 million, and $501.1 million, while the actual contributions were $341.4 million, $263.8 million, $246.7 million, $293.4 million, $310.2 million, $292.2 million, and $335.1 million, respectively.

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