Great summary of the key numbers in the proposal.

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Mike
4 years ago

“The plan’s funded ratio would remain below 50% until 2050 when it is to begin building to reach 90% in 2057.” 80% increase in 7 years? Where is the proposed annual employer contribution schedule (presumably created by Aon Hewitt) now through 2057? #### MEABF Contribution Payment Year – Percent Increase from prior year – Contribution in Dollars 2019 – 34% – $344,488,000 2020 – 23% – $421,988,000 2021 – 18% – $499,488,000 2022 – 16% – $576,988,000 2023 – 56% – $878,795,000 2024 – 2056 – ? – ? 2057 – ? – $2,000,000 (“almost” $2B was the figure given… Read more »