2020 Comprehensive Annual Financial Report

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, 2017-2020

2020

2019

2018

2017

Total Pension Liability: Service cost

$

782,873

$

994,926

$

957,868

$ 1,073,888

Interest

1,511,166

1,218,215

1,239,173

1,120,959

Difference between expected and actual experience

1,412,718

803,495

871,112

Changes of assumptions and other inputs

(3,245,486) (2,658,344) (2,887,194) 31,784,546

(994,754) (2,546,004) (1,345,911) 32,672,426

Benefit payments

(2,843,206)

(2,610,122)

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

863,551

458,031

28,897,352

31,326,515

$ 29,760,903

$ 28,897,352

$ 31,784,546

$ 31,326,515

Plan Fiduciary Net Position: Contributions - employer

$ 2,693,239

$ 2,717,911

$ 2,551,831

$ 8,796,931

Net investment income

855,995

(145,470) (2,658,344)

482,845

67,929

Benefit payments

(2,843,206)

(2,610,122)

(2,546,004)

Administrative expense

(4,515)

(4,024)

(3,191)

(1,596)

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

701,513

(89,927)

421,363

6,317,260

6,648,696 7,350,209

6,738,623 6,648,696

6,317,260 6,738,623

6,317,260

$ 22,410,694

$ 22,248,656

$ 25,045,923

$ 25,009,255

Ratio of plan fiduciary net position to total pension liability

24.70%

23.01%

21.20%

20.17%

$ 40,543,101

$ 38,262,529

$ 38,475,970

$ 38,648,789

Covered payroll

Net pension liability as a percentage of covered payroll

55.28%

58.15%

65.09%

64.71%

All years for which information is available are presented.

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