2023 Annual Comprehensive 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, 2017-2023

2023

2022

2021

Total Pension Liability: Service cost

$

988,773

$

942,919

$

776,071

Interest

1,897,770

1,866,181

1,556,425

Difference between expected and actual experience

1,564,864

774,207

906,019

Changes of assumptions and other inputs

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

Benefit payments

(3,030,700) 1,420,707 36,020,258

(2,987,228)

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

596,079

35,424,179

$ 37,440,965

$ 36,020,258

$ 35,424,179

Plan Fiduciary Net Position: Contributions - employer

$ 3,048,382

$ 3,010,140

$ 2,892,187

Net investment income

(1,354,041) (3,030,700)

1,023,503 (2,987,228)

930,797

Benefit payments

(2,924,536)

Administrative expense

(5,128)

(5,387)

(4,405)

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

(1,341,487) 9,285,280 7,943,793

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

894,043

7,350,209 8,244,252

$ 29,497,172

$ 26,734,978

$ 27,179,927

Ratio of plan fiduciary net position to total pension liability

21.22%

25.78%

23.27%

$ 41,945,731

$ 40,012,587

$ 40,225,185

Covered payroll

Net pension liability as a percentage of covered payroll

70.32%

66.82%

67.57%

All years for which information is available are presented.

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