STATE OF MARYLAND
Required Supplemental Schedule of Funding Progress for
Mass Transit Administration Pension Plan
(Expressed in Thousands)
Actuarial
|
|
Actuarial
|
Unfunded
|
|
|
Unfunded AAL
|
Valuation
|
Actuarial
|
Accrued
|
Actuarial
|
|
|
/Excess as a
|
Date
|
Value of
|
Liability
|
Accrued
|
Funded
|
Covered
|
Percentage of
|
June 30(1)
|
Assets
|
Entry Age
|
Liability
|
Ratio
|
Payroll(l)
|
Covered Payroll
|
1999
|
$60,829
|
$170,879
|
$110,050
|
35.6%
|
$104,569
|
105.2%
|
1998
|
51,208
|
167,330
|
116,122
|
30.6
|
98,814
|
117.5
|
1997
|
42,739
|
172,076
|
129,337
|
24.8
|
95,333
|
135.7
|
1996
|
34,568
|
141,381
|
106,813
|
24.5
|
95,550
|
111.8
|
1995
|
24,470
|
137,826
|
113,356
|
17.8
|
92,445
|
122.6
|
1994
|
17,572
|
126,351
|
108,779
|
13.9
|
88,491
|
122.9
|
1993
|
13,447
|
95,032
|
81,585
|
14.1
|
87,134
|
93.6
|
1992
|
8,891
|
92,718
|
83,827
|
9.6
|
80,700
|
103.9
|
1991
|
5,792
|
87,586
|
81,794
|
6.6
|
77,451
|
105.6
|
Required Supplemental Schedule of Employer Contributions for
Mass Transit Administration Pension Plan
(Expressed in Thousands)
Year
|
Annual
|
|
Ended
|
Required
|
Percentage
|
June, 30 (1)
|
Contribution
|
Contributed
|
1999
|
$13,103
|
100%
|
1998
|
13,902
|
100
|
1997
|
11,502
|
100
|
1996
|
11,918
|
100
|
1995
|
11,323
|
100
|
1994
|
8,452
|
100
|
1993
|
8,467
|
100
|
1992
|
7,327
|
100
|
1991
|
7,677
|
100
|
(1) Supplemental information prior to 1991 is not available.
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|
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