2022 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, 2017-2022

2022

2021

2020

Total Pension Liability: Service cost

$

942,919

$

776,071

$

782,873

Interest

1,866,181

1,556,425

1,511,166

Difference between expected and actual experience

774,207

906,019

1,412,718

Changes of assumptions and other inputs

5,349,297 (2,924,536) 5,663,276 29,760,903

Benefit payments

(2,987,228)

(2,843,206)

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

596,079

863,551

35,424,179

28,897,352

36,020,258 $

35,424,179 $

29,760,903 $

Plan Fiduciary Net Position: Contributions - employer

$

3,010,140 1,023,503 (2,987,228)

$

2,892,187

$

2,693,239

Net investment income

930,797

855,995

Benefit payments

(2,924,536)

(2,843,206)

Administrative expense

(5,387)

(4,405)

(4,515)

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

1,041,028 8,244,252 9,285,280

894,043

701,513

7,350,209 8,244,252

6,648,696 7,350,209

26,734,978 $

27,179,927 $

22,410,694 $

Ratio of plan fiduciary net position to total pension liability

25.78%

23.27%

24.70%

40,012,587 $

40,225,185 $

40,543,101 $

Covered payroll

Net pension liability as a percentage of covered payroll

66.82%

67.57%

55.28%

All years for which information is available are presented.

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