2022 Annual Comprehensive Financial Report

Schedule 7 Page 1 of 2

Local Governmental Employees' Retirement System Required Supplementary Information Fiscal Years Ending June 30, 2014 -2022*

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

2022

2021

2020

2019

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

2.33%

2.44%

2.50%

2.49%

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

$35,743,062

$87,018,641

$68,298,994

$59,030,749

Greensboro's covered payroll

$169,607,978

$167,332,111

$164,497,287

$157,780,855

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

21.07%

52.00%

41.52%

37.41%

percentage of its covered payroll

Plan fiduciary net position as a percentage of the total

95.51%

88.61%

90.86%

91.63%

pension liability

Employer Contributions

2022

2021

2020

2019

Contractually required contribution

$20,681,122

$17,562,792

$15,345,819

$13,121,579

Contributions in relation to the contractually required contribution

$20,681,122

$17,562,792

$15,345,819

$13,121,579

Contribution deficiency (excess)

$

-

$

-

$

-

$

-

Greensboro's covered payroll

$178,905,337

$169,607,978

$167,332,111

$164,497,287

Contributions as a percentage of covered payroll

11.56%

10.35%

9.17%

7.98%

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

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