(as of June 30, 2011)

• 589,000 members: 279,000 active, 195,000 retirees/beneficiaries, 115,000 vested inactive

• $23,897 average annual annuity

• 12.36 percent employer contribution rate

• 7.4 percent member average contribution rate

• 756 employers, including 500 school districts

• $51.4 billion in assets

• 69.1 percent funded (was 75.1 percent as of June 30, 2010)

• $26.5 billion unfunded liability

• 7.5 percent assumed investment rate of return

• 5.97 percent actuarial rate of return between June 30, 2010, and June 30, 2011

State Employees' Retirement System

(as of Dec. 31, 2011)

• 228,000 members: 107,000 active, 115,000 retirees/beneficiaries, 6,000 vested inactive

• $24,448 average annual annuity

• 11.5 percent employer average contribution rate (range 4.83 percent to 16.14 percent)

• 6.25 percent member average contribution rate (range 5 percent to 10 percent)

• 107 employers

• $24.1 billion in assets

• 65.3 percent funded (was 75.2 percent as of Dec. 31, 2010)

• $14.7 billion unfunded liability

• 7.5 percent assumed investment rate of return (applies to 2012)

• 2.7 percent investment return for 2011