Comprehensive Annual Financial Report State Teachers' Retirement System Required Supplementary Information Revenues by Source and Expenses by Type

State of Connecticut

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

(Expressed in Millions)

Revenues by Source
State Contributions
FiscalEmployeeDollar% of AnnualInvestment
YearContributionsAmountCovered PayrollIncomeOtherTotal
1986 $67.0 $175.8 18.0%$167.2 $0.0 $410.0
1987 $75.5 $204.7 19.2%$187.5 $0.0 $467.7
1988 $89.6 $242.5 20.3%$237.2 $0.0 $569.3
1989 $100.1 $282.9 20.6%$269.8 $0.0 $652.8
1990 $106.9 $321.6 20.9%$351.2 $1.4 $781.1
1991 $115.0 $158.4 9.5%$292.3 $0.2 $565.9
1992 $124.9 $133.0 7.4%$469.2 $2.6 $729.7
1993 $149.5 $111.6 6.1%$450.6 $2.8 $714.5
1994 $150.9 $124.3 6.4%$518.6 $2.1 $795.9
1995 $160.0 $132.5 6.5%$251.5 $17.4 $561.4
Expenses by Type
Fiscal YearBenefitsRefundsOtherTotal
1986 $141.0 $10.6 $0.0 $151.6
1987 $154.8 $6.5 $0.0 $161.3
1988 $168.9 $5.6 $0.0 $174.5
1989 $183.7 $5.8 $0.0 $189.5
1990 $210.7 $6.8 $0.0 $217.5
1991 $243.9 $6.8 $13.2 $263.9
1992 $278.1 $8.3 $8.8 $295.2
1993 $333.6 $11.4 $25.8 $370.8
1994 $354.2 $6.4 $28.0 $388.6
1995 $392.6 $8.1 $19.7 $420.4

Contributions were made in accordance with actuarially determined contribution requirements for fiscal years1986 through 1989. From 1990 through 1995 the actuarily determined contribution requirements were$302.94 million, $348.6 million, $304.3 million, $325 million, $299.6 million, $145.8 million, and $154.0 million respectively , while the actual contributions made were $282.9 million, $321.6 million, $158.3 million, $133.0 million, $111.6 million, $124.3 million, and $132.5 million respectively.

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