Institutional Federal Compliance Report 2021

____________________________________________________________________________________________ STATE OF NEW YORK • 139

Upstate Plan

Schedule of Employer Contributions June 30, 2017 (Amounts in millions) 2016 2015 2014

2013

2012

actuarially determined contribution . . . . . . . . . . . . . . $ contributions in relation to the actuarially determined contribution . . . . . . . . . . . . . . . . . . . . . $ contribution excess . . . . . . . . . . . . . . . . . . . . . . . . . . $ covered employee payroll . . . . . . . . . . . . . . . . . . . . . $ contribution as a percentage of covered payroll . . . .

2.6 $

1.9 $

1.5 $

2.6 $

3.0

2.8 $ 0.2 $ 27.3 $

2.0 $ 0.1 $ 29.9 $

3.5 $

2.6 $

3.0

2.0 $ —00000 $ —00000

33.6 $

36.0 $

16.0

10.24%

6.76%

9.02%

7.14%

18.57%

2011* actuarially determined contribution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1.2 contributions in relation to the actuarially determined contribution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1.2 contribution excess . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ —00000 covered employee payroll . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 21.9 contribution as a percentage of covered payroll . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.44% *Period from July 7, 2011 through December 31, 2011 See independent auditors’ report. Schedule is intended to display ten years of information. Additional years will be displayed as they become available.

Changes in Assumptions The actuarial assumptions for the mortality basis used for the January 1, 2017 actuarial valuation were changed from the RP-2014 Mortality Tables with fully generational improvements using scale MP-2015 to RP-2014 Mortality Tables, by gender, with fully gen- erational improvements using Scale MP-2016.

Methods and Assumptions Used in Calculations of Actuarially Determined Contributions The January 1, 2017 actuarial valuation determines the employer rates for contributions payable in 2017. The following actuarial methods and assumptions were used:

investment rate of return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.5 percent Mortality basis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . rp-2014 Mortality Tables, by gender, with fully generational improvements using scale Mp-2016. amortization method . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . level dollar, 20 year closed remaining amortization period . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.5 years asset valuation method . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Market value inflation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 percent compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.5 percent increases, limited to a maximum of $265,000 Termination . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1992 vaughn select and ultimate Table See independent auditors’ report.