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Report of the Comptroller, 1997-98
Volume 197, Page 79   View pdf image (33K)
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STATE OF MARYLAND
Required Supplemental Schedule of Funding Progress for
Mass Transit Administration Pension Plan
(Expressed in Thousands)

Actuarial
Valuation
Date
June 30(1)
1991
1992
1993
1994
1995
1996
1997
1998
Actuarial
Value of
Assets
$ 5,792
8,891
13,447
17,572
24,470
34,568
42,739
51,208
Actuarial
Accrued
Liability
Entry Age
$ 87,586
92,718
95,032
126,351
137,826
143,075
172,076
167,331
Unfunded
Actuarial
Accrued
Liability
$ 81,794
83,827
81,585
108,779
113,356
108,507
129,337
116,123
Funded
Ratio
6.6%
9.6
14,1
13.9
17.8
24.2
24.8
30.6
Covered
Payroll(l)
$77,451
80,700
87,134
88,491
92,445
95,550
95,333
98,814
Unfunded AAL
/Excess as a
Percentage of
Covered Payroll
105.6%
103.9
93.6
122.9
122.6
113.6
135.7
117.5

Required Supplemental Schedule of Employer Contributions for
Mass Transit Administration Pension Plan
(Expressed in Thousands)

Year
Ended
June 30 (1)
1991
1992
1993
1994
1995
1996
1997
1998
Annual
Required
Contribution
$ 7,677
7,327
8,467
8,452
11,323
11,918
11,502
13,902
Percentage
Contributed
100%
100
100
100
100
100
100
100

(1) Supplemental information prior to 1991 is not available.

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Report of the Comptroller, 1997-98
Volume 197, Page 79   View pdf image (33K)
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