For the purpose of performing the annual valuation of the Retirement System, the valuation rate of interest shall be 7.25 percent, the assumed rate of COLA increase shall be 1.50 percent, and the salary scale assumption shall be as follows:
Salary Scale
Duration | Rate | Duration | Rate |
1 | 1.1000 | 21 | 1.0272 |
2 | 1.0700 | 22 | 1.0263 |
3 | 1.0606 | 23 | 1.0254 |
4 | 1.0522 | 24 | 1.0245 |
5 | 1.0472 | 25 | 1.0237 |
6 | 1.0445 | 26 | 1.0229 |
7 | 1.0431 | 27 | 1.0222 |
8 | 1.0422 | 28 | 1.0215 |
9 | 1.0415 | 29 | 1.0210 |
10 | 1.0407 | 30 | 1.0206 |
11 | 1.0398 | 31 | 1.0202 |
12 | 1.0387 | 32 | 1.0200 |
13 | 1.0375 | 33 | 1.0195 |
14 | 1.0361 | 34 | 1.0193 |
15 | 1.0346 | 35 | 1.0190 |
16 | 1.0331 | 36 | 1.0186 |
17 | 1.0317 | 37 | 1.0180 |
18 | 1.0304 | 38 | 1.0176 |
19 | 1.0293 | 39 | 1.0176 |
20 | 1.0282 |
N.Y. Comp. Codes R. & Regs. Tit. 21 § 5018.1