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Inflation Adjustment
  • CPI: adjusts for changes in the cost of goods and services purchased by consumers
  • IPD: adjusts for changes in the cost of goods and services purchased by governments
  • Economic Growth: adjusts for changes in the size of the state economy (measured in terms of total personal income)
  • None: does not capture changes in the value of a dollar over time.

Pensions

funding levels adjusted for inflation (CPI)

  • Funding History
Adjusted for inflation (CPI) NOT adjusted
FY20 GAA$2,864,298,555$2,864,298,555
FY19$2,674,760,000$2,612,924,409
FY18$2,508,395,448$2,394,497,926
FY17$2,354,418,530$2,198,092,616
FY16$2,151,433,451$1,972,000,000
FY15$1,969,285,949$1,793,000,000
FY14$1,803,087,818$1,630,000,000
FY13$1,743,433,189$1,552,000,000
FY12$1,688,288,463$1,478,000,000
FY11$1,695,318,703$1,441,811,000
FY10$1,650,774,497$1,376,619,000
FY09$1,589,982,720$1,313,000,000
FY08$1,717,359,548$1,398,600,000
FY07$1,700,300,637$1,335,176,000
FY06$1,665,441,498$1,274,675,000
FY05$1,650,066,185$1,216,936,000
FY04$983,422,710$704,125,766
FY03$1,161,312,709$813,548,766
FY02$1,162,847,112$797,064,407
FY01$1,546,338,946$1,041,483,757
  • See Changes in Funding
Between and
Funding for Pensions
55.7%

comparisons adjusted for inflation (CPI)

Adjusted for inflation (CPI) NOT adjusted
FY20 GAA$2,864,298,555$2,864,298,555
FY20 Leg$2,864,298,555$2,864,298,555
FY20 Sen$2,852,754,366$2,852,754,366
FY20 SWM$2,852,754,366$2,852,754,366
FY20 Hou$2,852,554,366$2,852,554,366
FY20 HWM$2,852,554,366$2,852,554,366
FY20 Gov$2,852,754,366$2,852,754,366
FY19$2,674,760,000$2,612,924,409

funding levels adjusted for inflation (CPI)

  • Active Line Items
  • All Line Items
FY19FY20 GovFY20 GAA
Pension Reserves Investment Trust (PRIT) Statutory Transfer$2,674,760,000$2,852,754,366$2,864,298,555
FY19FY20 GovFY20 GAA
Optional Retirement Program$0$0$0
Pension Liability Reserve$0$0$0
Miscellaneous Retirement Benefits$0$0$0
Pension Reserves Investment Trust (PRIT) Statutory Transfer$2,674,760,000$2,852,754,366$2,864,298,555