Retirement
- Retirement Systems Update: Members Can Now Transfer Funds for a Lifetime Benefit
- The Bailey Case - An explanation of the case and its history.
- Bailey Settlement Economic Impact Study - the positive economic impact of extending the Bailey Settlement to all government retirees.
Cliffwater Research - Trends in State Pension Asset Allocation and Performance June 2012
SEANC's ongoing retirement investigation
Recent State Employee Benefit History
| Year | COLA | Retiree Formula | State Retirement Contribution | Employee Retirement Contribution |
|---|---|---|---|---|
| 2001 | 2.00% | 1.81% | 1.97% | 6.00% |
| 2002 | 2.00% | 1.82% | 0% | 6.00% |
| 2003 | 1.28% | 1.82% | 0.22% | 6.00% |
| 2004 | 1.70% | 1.82% | 2.17% | 6.00% |
| 2005 | 2.00% | 1.82% | 2.34% | 6.00% |
| 2006 | 3.00% | 1.82% | 2.66% | 6.00% |
| 2007 | 2.20% | 1.82% | 3.05% | 6.00% |
| 2008 | 2.20% | 1.82% | 3.36% | 6.00% |
| 2009 | 0% | 1.82% | 3.57% | 6.00% |
| 2010 | 0% | 1.82% | 3.57% | 6.00% |
| 2011 | 0% | 1.82% | 4.93% | 6.00% |
| 2012 | 1% | 1.82% | 8.33% | 6.00% |
| 2013 | 0% | 1.82% | 8.69% | 6.00% |
| 2014 | 1% | 1.82% | 9.16% | 6.00% |