1. Twenty Year Period Fiscal Years Ended 1998 - 2017
Employer Contributions $21.1 billion
Member Contributions $3.0 billion
Investment Income $120.4 billion
Benefit Payments and Expenses $94.2 billion
MV of assets – 6/30/1997: $ 65.2
MV of assets – 6/30/2017: $115.5

2. Breakdown of Income Sources Fiscal Years Ended 1998 - 2017

3. Funded Ratio 6/30/12 95.5% 89.8% 6/30/13 100.8% 87.5% 6/30/14 111.6%
Based on MVA
Based on AVA
6/30/12
95.5%
89.8%
6/30/13
100.8%
87.5%
6/30/14
111.6%
92.9%
6/30/15
104.1%
94.2%
6/30/16
98.4%
97.9%
6/30/17
99.8%
97.7%
Market Value of Assets (MVA): the value of fund assets as they would trade on an open market on that date
Actuarial Value of Assets (AVA): the value of assets as used in the actuarial valuation which reflects a 5-year smoothing of investment gains and losses

5. Great Recession Impact
Market Value of Assets 9/30/2007
$106 B
Market Value of Assets 06/30/2017
$115.5 B
Market Value of Assets 3/31/2009
$68 B 5