2020 Comprehensive Annual Financial Report

Schedule 7

Local Governmental Employees' Retirement System Required Supplementary Information Fiscal Years Ending June 30, 2014 -2020*

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

2020

2019

2018

2017

2016

2015

2014

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

2.50%

2.49%

2.57%

2.56%

2.71%

2.71%

2.65%

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

$68,298,994

$59,030,749

$39,235,440

$54,381,226

$12,141,673

($15,959,838)

$32,000,534

Greensboro's covered payroll

$164,497,287

$157,780,855

$152,528,465

$148,676,887

$145,700,616

$141,782,687

$139,078,263

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

41.52%

37.41%

25.72%

36.58%

8.33%

(11.26%)

23.01%

percentage of its covered payroll

Plan fiduciary net position as a percentage of the total

90.86%

91.63%

94.18%

91.47%

98.09%

102.64%

94.35%

pension liability

Employer Contributions

2020

2019

2018

2017

2016

2015

2014

Contractually required contribution

$15,345,819

$13,121,579

$12,191,783

$11,430,637

$10,185,674

$10,414,334

$10,100,894

Contributions in relation to the contractually required contribution

$15,345,819

$13,121,579

$12,191,783

$11,430,637

$10,185,674

$10,414,334

$10,100,894

Contribution deficiency (excess)

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Greensboro's covered payroll

$167,332,111

$164,497,287

$157,780,855

$152,528,465

$148,676,887

$145,700,616

$141,782,687

Contributions as a percentage of covered payroll

9.17%

7.98%

7.73%

7.49%

6.85%

7.15%

7.12%

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

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