2021 Annual Comprehensive Financial Report

Schedule 1 Page 1 of 2

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, 2017-2021

2021

2020

2019

Total Pension Liability: Service cost

$

776,071

$

782,873

$

994,926

Interest

1,556,425

1,511,166

1,218,215

Difference between expected and actual experience

906,019

1,412,718

803,495

Changes of assumptions and other inputs

5,349,297 (2,924,536) 5,663,276

(3,245,486) (2,658,344) (2,887,194)

Benefit payments

(2,843,206)

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

863,551

29,760,903

28,897,352

31,784,546

35,424,179 $

29,760,903 $

28,897,352 $

Plan Fiduciary Net Position: Contributions - employer

$

2,892,187

$

2,693,239

$

2,717,911 (145,470) (2,658,344)

Net investment income

930,797

855,995

Benefit payments

(2,924,536)

(2,843,206)

Administrative expense

(4,405)

(4,515)

(4,024)

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

894,043

701,513

(89,927)

7,350,209 8,244,252

6,648,696 7,350,209

6,738,623 6,648,696

27,179,927 $

22,410,694 $

22,248,656 $

Ratio of plan fiduciary net position to total pension liability

23.27%

24.70%

23.01%

40,225,185 $

40,543,101 $

38,262,529 $

Covered payroll

Net pension liability as a percentage of covered payroll

67.57%

55.28%

58.15%

All years for which information is available are presented.

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