2019 Comprehensive Annual Financial Report (CAFR)

Schedule 7

Local Governmental Employees' Retirement System Required Supplementary Information Last Five Fiscal Years *

Employer's Proportionate Share of Net Pension Liability (Asset)

2019

2018

2017

2016

2015

Greensboro's proportion of net pension liability (asset) (%)

2.49%

2.57%

2.56%

2.71%

2.71%

Greensboro's proportion of net pension liability (asset) ($)

$59,030,749

$39,235,440

$54,381,226

$12,141,673

($15,959,838)

Greensboro's covered payroll

$157,780,855

$152,528,465

$148,676,887

$145,700,616

$141,782,687

Greensboro's proportion of net pension liability (asset) as a

37.41%

25.72%

36.58%

8.33%

(11.26%)

percentage of its covered payroll

Plan fiduciary net position as a percentage of the total

92.00%

94.18%

91.47%

98.09%

102.64%

pension liability

Employer Contributions

2019

2018

2017

2016

2015

Contractually required contribution

$13,121,579

$12,191,783

$11,430,637

$10,185,674

$10,414,334

Contributions in relation to the contractually required contribution

$13,121,579

$12,191,783

$11,430,637

$10,185,674

$10,414,334

Contribution deficiency (excess)

$

-

$

-

$

-

$

-

$

-

Greensboro's covered payroll

$164,497,287

$157,780,855

$152,528,465

$148,676,887

$145,700,616

Contributions as a percentage of covered payroll

7.98%

7.73%

7.49%

6.85%

7.15%

* The amounts presented for each fiscal year were determined as of the prior fiscal year ending June 30.

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