Financial Highlights

Financial Metric 2023 Defined Benefit 2023 Defined Contribution
Fiduciary net position restricted for pension benefits $689,814,567 $384,733,279
Contributions
Municipalities/municipal agencies $19,247,767 $16,756,840
Employees $8,472,736 $8,637,824
Addition of Members
Investment (loss) income, net $58,321,315 $35,300,592
Investment income on participant loans $371,271
Benefits, including member refunds $40,596,459 $30,692,059
Withdrawal of municipalities
Administrative expenses $1,433,104 $1,190,745
Changes in fiduciary net position $44,012,255 $29,183,723