Schedule of University Pension Contributions

Schedule of University Pension Contributions Arizona State Retirement System (Dollars in thousands)

2022

2021 (1) (as restated)

2020 (1) (as restated)

2019 (1) (as restated)

2018 (1) (as restated)

2017 (1) (as restated)

2016 (1) (as restated) 2015 2014 2013 Statutorily required contribution $ 54,327 $ 51,050 $ 47,844 $ 44,992 $ 39,726 $ 36,607 $ 34,408 $ 32,026 $ 29,447 $ 26,714 University’s contributions in relation to the statutorily required contribution $ 54,327 51,050 47,844 44,992 39,726 36,607 34,408 32,026 29,447 26,714

University’s contribution deficiency (excess) $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0

University’s covered payroll $ 453,460 $ 439,041 $ 418,542 $ 402,882 $ 365,389 $ 340,502 $ 318,111 $ 295,068 $ 276,395 $ 261,965

University’s contributions as a percentage of covered payroll 11.98% 11.63% 11.43% 11.17% 10.87% 10.75% 10.82% 10.85% 10.65% 10.20%

(1) University contributions are based on the employer contributions in the University’s records. Each year there is an immaterial difference between employer pension contributions ASRS recognized and the employer contributions in the University’s records due to timing differences. Prior year University contributions have been restated using the employer contributions ASRS recognized.