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
|
|
|
as a
|
Date
|
Value of
|
Liability
|
Accrued
|
Funded
|
Covered
|
Percentage of
|
June 30
|
Assets
|
Entry Age
|
Liability
|
Ratio
|
Payroll
|
Covered Payroll
|
2000
|
$71,566
|
$199,455
|
$127,889
|
35.9%
|
$102,923
|
124.3%
|
1999
|
60,829
|
181,064 (1)
|
120,235
|
33.6
|
104,569
|
115.0
|
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
|
(1) Fiscal year 1999 has been restated to include changes pertaining to the 1999 Collective Bargaining Agreement.
Required Supplemental Schedule of Employer Contributions for
Mass Transit Administration Pension Plan
(Expressed in Thousands)
Year
|
Annual
|
|
Ended
|
Required
|
Percentage
|
June, 30
|
Contribution
|
Contributed
|
2000
|
$13,721
|
100%
|
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
|
83
|
|