2019 Comprehensive Annual Financial Report (CAFR)

Schedule 1

Schedule of Changes in Net Pension Liability and Related Ratios Law Enforcement Officers' Special Separation Allowance (LEOSSA) Pension Benefit Trust

Required Supplementary Information Fiscal Years Ending June 30, 2017-2019

2017

2019

2018

Total Pension Liability: Service cost

1,073,888 1,120,959

$

$

994,926

$

957,868

Interest

1,218,215

1,239,173

Difference between expected and actual experience

803,495

871,112

(994,754) (2,546,004) (1,345,911) 32,672,426 31,326,515 8,796,931 67,929 (2,546,004) (1,596) 6,317,260

Changes of assumptions and other inputs

(3,245,486) (2,658,344) (2,887,194) 31,784,546 28,897,352 2,717,911 (145,470) (2,658,344)

-

Benefit payments

(2,610,122)

Net Change in Total Pension Liability Total Pension Liability - Beginning Total Pension Liability -Ending (a)

458,031

31,326,515 31,784,546

$

$

$

Plan Fiduciary Net Position: Contributions - employer

$

$

$

2,551,831

Net investment income

482,845

Benefit payments

(2,610,122)

Administrative expense

(4,024)

(3,191)

Net Change in Plan Fiduciary Net Position Plan Fiduciary Net Position - Beginning Plan Fiduciary Net Position - Ending (b) Net Pension Liability - Ending (a) - (b)

(89,927)

421,363

6,738,623 6,648,696 22,248,656

6,317,260 6,738,623 25,045,923

6,317,260 25,009,255

$

$

$

Ratio of plan fiduciary net position to total pension liability

20.17% 38,648,789

23.01%

21.20%

$

$

38,262,529

$

38,475,970

Covered payroll

Net pension liability as a percentage of covered payroll

64.71%

58.15%

65.09%

All years for which information is available are presented.

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