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Current Funding Schedule for Pension Obligations (in Thousands)
20152016201720182019202020212022202320242025202620272028202920302031203220332034203520362037
  Payments1,793,0001,972,0002,169,0002,321,0002,483,0002,657,0002,843,0003,042,0003,255,0003,483,0003,727,0003,988,0004,267,0004,566,0004,886,0005,228,0005,594,0005,986,0006,405,0006,853,0007,333,0004,436,342835,369
Source: Executive Office for Administration and Finance
* Table from page A-36 of the MA Information Statement dated May 26, 2016.
1.) Excludes the impact of the early retirement incentive program adopted in fiscal 2015 and to be reflected in the January 1, 2016 actuarial evaluation.
2.)The fiscal 2016 budget includes a $29 million appropriation (in addition to the $1.972 billion paid acording to the schedule ) to defray costs associated with the employee retirement incentive program.
3.)Legislation approved in August, 2015 mandates a fiscal 2017 appropriation of $2,198,092,616, reflecting a $29.1 million increase to defray costs associated with the employee retirement incentive program.
Published by   MA - Debt Management.
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