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<br /> October 13, 2022 31
<br />RESULTS
<br />10-Year Projection12
<br /> (000’s Omitted)
<br />
<br />FYE
<br />June 30,
<br />Contributions
<br />Payroll
<br />Contribution
<br />as % of
<br />Payroll
<br />Benefit
<br />Payments CERBT Total
<br />2023 $3,892 $(1,471) $2,421 $42,070 5.8%
<br />2024 4,134 (1,605) 2,529 43,227 5.9%
<br />2025 4,339 (1,718) 2,621 44,415 5.9%
<br />2026 4,626 (1,926) 2,700 45,637 5.9%
<br />2027 4,925 (2,156) 2,769 46,892 5.9%
<br />2028 5,092 (2,260) 2,832 48,181 5.9%
<br />2029 5,332 (2,443) 2,889 49,506 5.8%
<br />2030 5,426 (2,488) 2,938 50,868 5.8%
<br />2031 5,485 (2,498) 2,987 52,267 5.7%
<br />2032 5,693 (2,659) 3,034 53,704 5.6%
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<br />12 Includes projected impact of future hires with lowest tier benefits.
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<br /> October 13, 2022 32
<br />RESULTS
<br />Estimated Benefit Payments
<br />(000’s Omitted)
<br />
<br /> Cash
<br />Implied
<br />Subsidy Total
<br /> 2022/23 $3,059 $832 $3,892
<br /> 2023/24 3,228 905 4,134
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