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Required Supplementary Information

Schedules of Employer Contributions


(Expressed in Millions)

SERS TRS
Annual Annual
Fiscal Required Percentage Required Percentage
Year Contribution Contributed Contribution Contributed
1998 $567.6 59.0% $211.0 85.0%
1999 $315.6 100.0% $221.6 85.0%
2000 $342.8 100.0% $240.5 85.0%
2001 $375.6 100.0% $252.5 85.0%
2002 $415.5 100.0% $210.7 97.1%
2003 $421.5 100.0% $221.2 81.3%
2004 $470.3 100.0% $270.5 68.5%
2005 $518.8 100.0% $281.4 65.8%
2006 $623.1 100.0% $396.2 100.0%

Note: During the years 2000 thru 2006 the only contributions to the Prob
contributions.

The information presented in the required supplementary schedules was de


the dates indicated. Additional information as of the latest actuarial valuation
SERS TRS
Valuation date 6/30/2006 6/30/2006

Actuarial cost method Projected Entry age


unit credit

Amortization method Level percent Level percent


of pay, closed of pay, closed
Remaining amortization
period 26 Years 6-25 Years

Asset valuation method 5 year smoothed 4 year smoothed


market market

Actuarial assumptions:
Investment rate of return 8.5% 8.5%
Projected salary increases 4.25-15% 4-7.5%
Includes inflation at 5% 4%
Cost-of-living adjustments 2.75-3.75% 3%
JRS MERS PJRS
Annual Annual Annual
Required Percentage Required Percentage Required Percentage
ContributionContributedContribution Contributed Contribution Contributed
$9.3 100.0% $18.8 100.0% $0.25 100.0%
$9.3 100.0% $18.1 100.0% $0.32 100.0%
$9.3 100.0% $32.0 100.0% $- -
$9.8 100.0% $15.5 100.0% $- -
$9.6 100.0% $15.3 100.0% $- -
$10.1 100.0% $16.0 100.0% $- -
$11.6 100.0% $16.3 100.0% $- -
$12.2 100.0% $21.8 100.0% $- -
$11.7 100.0% $26.0 100.0% $- -

ributions to the Probate Judges Retirement System were the required member

tary schedules was determined as part of the actuarial valuations at


est actuarial valuation follows.
JRS MERS PJRS
6/30/2006 7/1/2006 12/31/2005

Projected Entry age Entry Age


unit credit

el percent Level percent Level percent -


ay, closed of pay, closed of pay, closed

25 Years 1-19 Years -

ar smoothed 5 year smoothed 5 year smoothed Asset


market market smoothing

8.5% 8.5% 8.5%


5.5% 4.5-11.25% 6%
5.5% 3.75% 3.5%
3-5.5% 2.6-4.0% 3%
quired member