Financial Highlights

Financial Metric 2022 Defined Benefit 2022 Defined Contribution
Fiduciary net position restricted for pension benefits $645,802,312 $355,549,556
Contributions
Municipalities/municipal agencies $18,783,742 $15,045,447
Employees $7,730,667 $9,438,575
Addition of Members
Investment (loss) income, net ($92,581,202) ($48,479,026)
Investment income on participant loans $363,453
Benefits, including member refunds $38,025,273 $31,469,625
Withdrawal of municipalities
Administrative expenses $1,291,476 $1,214,820
Changes in fiduciary net position ($105,383,542) ($56,315,996)