Scenario 1
Scenario 2
Scenario 3
Scenario 4

Funding Policy:

Statutory

Return Scenario:

Baseline

Current Debt Amortization:

30-Year

One Time COLA:

Yes

Funding Policy:

ADC

Return Scenario:

Baseline

Current Debt Amortization:

30-Year

One Time COLA:

Yes

Funding Policy:

Statutory

Return Scenario:

Double Recession

Current Debt Amortization:

30-Year

One Time COLA:

Yes

Funding Policy:

ADC

Return Scenario:

Double Recession

Current Debt Amortization:

30-Year

One Time COLA:

Yes

Funded Ratio (MVA Basis)

0%20%40%60%80%100%120%140%202520302035204020452050

Unfunded Market Liability (Infl. Adjusted)

−$40 B−$20 B$0.0$20 B$40 B202520302035204020452050

Employer Contribution (% of Payroll)

0%5%10%15%20%25%202520302035204020452050
Scenario All-in ER Cost (infl adj)
Scenario 1
$12.9 B
Scenario 2
$35.5 B