State of Connecticut

Required Supplementary Information
Schedules of Funding Progress
(Expressed in Millions)
Actuarial
Valuation
Date		 (a)
Actuarial
Value of
Assets		 (b)
Actuarial
Accrued
Liability (AAL)
(b-a)
Unfunded
AAL
(UAAL)
(a/b)

Funded
Ratio
(c)

Covered
Payroll
((b-a)/c)
UAAL as a
Percentage
of Covered
Payroll
SERS
6/30/95 $4,209.2 $7,838.2 $3,629.0 53.7% $2,325.8 156.0%
6/30/96 $4,604.2 $8,138.6 $3,534.4 56.6% $2,385.5 148.2%
6/30/97 $5,131.0 $8,833.2 $3,702.2 58.1% $2,225.2 166.4%
6/30/98 $5,669.9 $9,592.4 $3,922.5 59.1% $2,339.0 167.7%
6/30/99 * - - - - - -
6/30/00 $7,196.0 $11,512.1 $4,316.1 62.5% $2,651.9 162.8%
*No actuarial valuation was performed as of June 30, 1999
TRS
6/30/94 $5,602.1 $8,222.6 $2,620.5 68.1% $2,030.4 129.1%
6/30/95 * - - - - - -
6/30/96 $6,648.2 $9,626.8 $2,978.6 69.1% $2,151.6 138.4%
6/30/97 * - - - - - -
6/30/98 $7,721.1 $10,970.1 $3,249.0 70.4% $2,298.9 141.3%
6/30/99 * - - - - - -
*No actuarial valuations were performed as of June 30, 1995, 1997 and 1999
JRS
9/30/95 $70.5 $154.7 $84.2 45.6% $19.2 438.5%
9/30/96 $77.8 $161.5 $83.7 48.2% $19.5 429.2%
9/30/97 $87.8 $167.5 $79.7 52.4% $20.2 394.6%
6/30/98 $98.1 $168.1 $70.0 58.4% $21.2 330.2%
6/30/99 $110.7 $172.5 $61.8 64.2% $21.9 282.2%
6/30/00 $123.4 $181.7 $58.3 67.9% $24.1 241.9%
MERS
6/30/94 $653.0 $635.0 $(18.0) 102.8% $226.0 (8.0)%
6/30/95 $711.0 $661.0 $(50.0) 107.6% $237.0 (21.1)%
6/30/96 $782.0 $692.2 $(89.8) 113.0% $242.8 (37.0)%
6/30/97 $872.0 $731.1 $(140.9) 119.3% $246.0 (57.3)%
6/30/98 $980.4 $814.1 $(166.3) 120.4% $258.2 (64.4)%
6/30/99 $1,100.7 $860.1 $(240.6) 128.0% $269.4 (89.3)%
PJRS
For the Probate Judges Retirement System because the UAAL is zero, the actuarial cost method becomesthe"aggregate cost method and a schedule of funding progress is not required.

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