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(In Millions)

(Reflects 7 Year Phase-in of State costs Pursuant to P.L. 2010, c.1)

$14,000

$12,000

$10,000

$8,000

$6,000

$4,000

$2,000

$0

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041

Phased-in Employer Contributions under Current Plan Design Phased-in Employer Contributions under Governor's Proposed Plan Design Phased-in Employer Contributions under S-2696's Proposed Plan Design

The reforms Governor Christie is proposing offer a clear path to a secure, stable and sustainable future. By 2041, they will reduce total underfunding to $28 billion. At the same time, they will boost the aggregate funded ratio—which measures assets against liabilities—from the present level of 62% to more than 90%.

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