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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
FY24 Leg$4,133,800,000$4,133,800,000
FY23 Current$4,060,699,049$3,821,833,480
FY22$3,850,007,408$3,478,318,937
FY21$3,695,051,054$3,115,163,858
FY20$3,475,255,434$2,864,298,555
FY19$3,220,368,281$2,612,924,409
FY18$3,012,344,773$2,394,497,926
FY17$2,827,249,744$2,198,092,616
FY16$2,583,631,234$1,972,000,000
FY15$2,364,721,103$1,793,000,000
FY14$2,165,128,385$1,630,000,000
FY13$2,093,597,317$1,552,000,000
FY12$2,027,376,913$1,478,000,000
FY11$2,035,819,159$1,441,811,000
FY10$1,982,328,362$1,376,619,000
FY09$1,909,326,711$1,313,000,000
FY08$2,062,286,852$1,398,600,000
FY07$2,041,801,702$1,335,176,000
FY06$1,999,941,193$1,274,675,000
FY05$1,981,477,788$1,216,936,000
FY04$1,180,940,663$704,125,766
FY03$1,394,559,417$813,548,766
FY02$1,396,402,001$797,064,407
FY01$1,856,917,196$1,041,483,757

comparisons adjusted for inflation (CPI)

  • See Changes in Funding
Between and
Funding for Pensions
96.9%

comparisons adjusted for inflation (CPI)

Adjusted for inflation (CPI) NOT adjusted
FY24 Leg$4,133,800,000$4,133,800,000
FY24 Sen$4,221,275,580$4,221,275,580
FY24 SWM$4,221,275,580$4,221,275,580
FY24 Hou$4,133,800,000$4,133,800,000
FY24 HWM$4,104,600,000$4,104,600,000
FY24 Gov$4,104,600,000$4,104,600,000
FY23 Current$4,060,699,049$3,821,833,480
FY23 GAA$4,060,699,049$3,821,833,480
FY23 SWM$4,024,467,789$3,787,733,480
FY23 Hou$4,024,467,790$3,787,733,480
FY23 HWM$4,024,467,790$3,787,733,480
FY23 Gov$4,290,092,854$4,037,733,480
FY22 GAA$3,573,292,745$3,228,318,937

funding levels adjusted for inflation (CPI)

  • Active Line Items
  • All Line Items
FY23 CurrentFY24 GovFY24 HouFY24 SenFY24 Leg
Pension Reserves Investment Trust (PRIT) Fund$4,060,699,049$4,104,600,000$4,104,600,000$4,104,600,000$4,104,600,000
Excess Capital Gains to Pension Liability Fund$0$0$29,200,000$116,675,580$29,200,000
FY23 CurrentFY24 GovFY24 HouFY24 SenFY24 Leg
Optional Retirement Program$0$0$0$0$0
Pension Liability Reserve$0$0$0$0$0
Miscellaneous Retirement Benefits$0$0$0$0$0
Pension Reserves Investment Trust (PRIT) Fund$4,060,699,049$4,104,600,000$4,104,600,000$4,104,600,000$4,104,600,000
Excess Capital Gains to Pension Liability Fund$0$0$29,200,000$116,675,580$29,200,000
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