We have never in the History of TRA paid more in contributions than we currently are paying. This is the History of Contributions for employees, employers, and our funding ratio. Notice in 1998, when the funding ratio was over 105%, they slashed contribution rates instead of extending benefits to Tier II employees. Who was advising, and who was on the board? 100% Tier I ??, Who was leading our educational advocate groups… Tier I??
Year Cola Employee State/Employer Funding Ratio
1981 3.2% 4.5% 7.55 (12.05%) 54.4
1982 7.4% 4.5% 7.55 55
1983 6.8% 6.5% 3.55 57.1
1984 7.5% 4.5% 7.55 59.6
1985 6.9% 4.5 8.98 (13.48%) 62.1
1986 4.5 8.98 66.3
1987 9.8% 4.5 8.98 70.4
1988 8.0% 4.5 8.98 71.2
1989 6.9% 4.5 8.98 (13.48%) 73.1
1990 4.0% 4.5 8.14 (12.64%) 77.6
1991 5.1% 4.5 8.14 77.8
1992 4.3% 4.5 8.14 83.2
1993 4.5% 4.5 8.14 85.2
1994 6.0% 4.5 8.14 83.5
1995 4.0% 6.5 8.14 (14.64%) 85.9
1996 6.4% 6.5 8.14 92
1997 8.0% 6.5 8.14 101.3
1998 10.1% 5.0 5.0 (10%) 105.7
1999 9.8% 5.0 5.0 105.7
2000 11.1% 5.0 5.0 105.2
2001 9.5% 5.0 5.0 105.8
2002 4.5% 5.0 5.0 105.3
2003 0.7% 5.0 5.0 103.1
2004 2.1% 5.0 5.0 100
2005 2.5% 5.0 5.0 98.5
2006 2.5% 5.0 5.0 (10.0%) 92
2007 2.5% 5.5 5.0 (10.5%) 87.5
2008 2.5% 5.5 5.5 (11.0%) 82
2009 2.5% 5.5 5.5 77.4
2010 2.5% 5.5 5.5 76
2011 0.0% 5.5 5.5 77.3
2012 0.0% 6.0 6.0 (12.0%) 73
2013 2.0% 6.5 6.5 (13.0%) 71.6
2014 2.0% 7.0 7.0 (14.0%) 74.1
2015 2.0% 7.5 7.5 (15.0%) 80
2016 2.0% 7.5 7.5 73
2017 2.0% 7.5 7.5 (15.0%) 77
2018 2.0% 7.5 7.71 (15.21%) 77
2019 1% 7.5 7.92 (15.42%) 78
2020 1% 7.5 8.13 (15.63%) 75.5
2021 1% 7.5 8.34 (15.84%) 92
2022 1% 7.5 8.55 (16.05%)
2023: 1% 7.75 8.75 (16.5%)