Review the two most recent audited financial statements and the actuarial report of the VI Government Employee Retirement System (GERS) posted on the internet. a. List and describe five socio-economic items described in the Actuarial Report. b. Calculate five ratios for the GERS on employee benefit plans.

SECTION 5: GASB Information for Employees' Retirement System of the Virgin Islands EXHIBIT 3 Schedule of Contributions Last Ten Fiscal Years a Percentage of Year Ended September 30 Contributions Contributions Deficiency (Excess) 5394,595,844 355,603,633 based on pror yar's actuariai vaiuation ulting SECTION 5: GASB Information for Employees' Retirement System of the Virgin Islands EXHIBIT 3 Schedule of Contributions Last Ten Fiscal Years a Percentage of Year Ended September 30 Contributions Contributions Deficiency (Excess) 5394,595,844 355,603,633 based on pror yar's actuariai vaiuation ulting