Follow up to previous question - here are the Input sections for the calculations

INPUTS
Cost of Living Adjustment	0.03
Long Term Rate of Return	0.075
Productivity Factor	0.005
Employee Contribution Rate	0.095
Final Salary Give Back	$ -
State Contribution Factor	2.5

Cost of Living AdjustmentBy union contract, this adjustment is 3 percent. Ideally, plan administrators would like to negotiate this percentage lower.

Long Term Rate of ReturnA 7.5 percent return on investments is assumed. Plan administrators want to see the effects of changing this variable.

Productivity FactorThe total number of teachers has been declining by 0.5 percent each year in recent years. State officials hope for greater productivity in the future.

Employee Contribution RateWorking teachers contribute 9.5 percent of their salary to the pension fund. Some state officials think this rate must increase in the future.

Final Salary Give BackState officials want a reduction in the final salary for pension purposes. The reduction would be called the give-back.

State Contribution FactorBy contract, the state contributes 2.5 times what the teachers contribute. This factor may need to be increased to ensure there is enough money to pay pensions.