2024 Annual Comprehensive Report

Schedule 1 Page 1 of 2

- 41 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, 2017-2024 2024 Total Pension Liability: Service cost $ 1,041,954 $ Interest 1,971,524 Difference between expected and actual experience 2,860,376 Changes of assumptions and other inputs Benefit payments (3,190,144) Net Change in Total Pension Liability 2,683,710 Total Pension Liability - Beginning 37,440,965 Total Pension Liability -Ending (a) $ 40,124,675 Plan Fiduciary Net Position: Contributions - employer $ 3,279,791 Net investment income 320,555 Benefit payments (3,190,144) Administrative expense (4,829) Net Change in Plan Fiduciary Net Position 405,373 Plan Fiduciary Net Position - Beginning 7,943,793 Plan Fiduciary Net Position - Ending (b) 8,349,166 Net Pension Liability - Ending (a) - (b) $ 31,775,509 Ratio of plan fiduciary net position to total pension liability 20.81% Covered payroll $ 44,454,117 Net pension liability as a percentage of covered payroll 71.48% All years for which information is available are presented.

2023

2022

988,773

$

942,919

1,897,770

1,866,181

1,564,864

774,207

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

(2,987,228)

596,079

35,424,179

$ 37,440,965

$ 36,020,258

$ 3,048,382

$ 3,010,140

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

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

(5,128)

(5,387)

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

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

$ 29,497,172

$ 26,734,978

21.22%

25.78%

$ 41,945,731

$ 40,012,587

70.32%

66.82%