2023 Annual Comprehensive Report

Schedule 7 Page 1 of 2

- 53 Local Governmental Employees' Retirement System Required Supplementary Information Fiscal Years Ending June 30, 2014 -2023* 2023 Greensboro's proportion of net pension liability (asset) (%) 2.34% Greensboro's proportion of net pension liability (asset) ($) $131,886,996 Greensboro's covered payroll $178,905,337 Greensboro's proportion of net pension liability (asset) as a 73.72% percentage of its covered payroll Plan fiduciary net position as a percentage of the total 84.14% pension liability Employer Contributions 2023 Contractually required contribution $24,288,303 Contributions in relation to the contractually required contribution $24,288,303 Contribution deficiency (excess) $ - $ Greensboro's covered payroll $196,571,448 Contributions as a percentage of covered payroll 12.36%

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

2022

2021

2020

2.33%

2.44%

2.50%

$35,743,062

$87,018,641

$68,298,994

$169,607,978

$167,332,111

$164,497,287

21.07%

52.00%

41.52%

95.51%

88.61%

90.86%

2022

2021

2020

$20,681,122

$17,562,792

$15,345,819

$20,681,122

$17,562,792

$15,345,819

-

$

-

$

-

$178,905,337

$169,607,978

$167,332,111

11.56%

10.35%

9.17%

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