2021 Annual Comprehensive Financial Report

Schedule 7 Page 1 of 2

Local Governmental Employees' Retirement System Required Supplementary Information Fiscal Years Ending June 30, 2014 -2021*

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

2021

2020

2019

2018

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

2.44%

2.50%

2.49%

2.57%

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

$87,018,641

$68,298,994

$59,030,749

$39,235,440

Greensboro's covered payroll

$167,332,111

$164,497,287

$157,780,855

$152,528,465

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

52.00%

41.52%

37.41%

25.72%

percentage of its covered payroll

Plan fiduciary net position as a percentage of the total

88.61%

90.86%

91.63%

94.18%

pension liability

Employer Contributions

2021

2020

2019

2018

Contractually required contribution

$17,562,792

$15,345,819

$13,121,579

$12,191,783

Contributions in relation to the contractually required contribution

$17,562,792

$15,345,819

$13,121,579

$12,191,783

Contribution deficiency (excess)

$

-

$

-

$

-

$

-

Greensboro's covered payroll

$169,607,978

$167,332,111

$164,497,287

$157,780,855

Contributions as a percentage of covered payroll

10.35%

9.17%

7.98%

7.73%

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

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