A formula that is very important at the ASRS, but one that most of us would not learn about outside of retirement fund management:
C + I = B + E
Contributions plus Income equals Benefits plus Expenses. This is the essence of how your retirement system is funded! A description of these four factors:
“Contributions” refer to the deductions that you and your employer equally pay. These contributions are collected with every payroll and then invested by the ASRS.