2021 Annual Comprehensive Financial Report

Schedule 2 Page 1 of 2

Schedule of Employer Contributions Law Enforcement Officers' Special Separation Allowance (LEOSSA) Pension Benefit Trust

Required Supplementary Information Fiscal Years Ending June 30, 2017-2021

2021

2020

2019

Actuarially determined employer contribution

3,562,797 $

3,251,123 $

3,482,926 $

Actual employer contributions

2,974,819

2,906,943

2,711,246

Annual contribution deficiency (excess)

$

587,978

$

344,180

$

771,680

Covered payroll

39,034,069 $

39,012,042 $

39,758,634 $

Actual contributions as a percentage of covered payroll

7.62%

7.45%

6.82%

Notes to the Required Schedule: The information presented in the required supplementary schedules was determined as part of the actuarial valuations at the dates indicated. The following actuarial methods and assumptions were used to determine the contribution rate for fiscal year 2021:

Actuarial valuation

12/31/2018

Discount rate at 12/31/2018 Actuarial cost method Amortization method Remaining amortization period

5.50%

Entry age normal Level dollar, closed

12 years

Asset valuation method

Market value

Inflation

2.50%

Salary Increase

3.50% - 7.35%, including inflation 5.50%, net of pension plan investment expense, including inflation

Investment rate of return

All years for which information is available are presented.

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