2025 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, 2017-2025

2025

2024

2023

2022

Total Pension Liability: Service cost

$ 1,205,485

$ 1,041,954

$

988,773

$

942,919

Interest

2,113,007

1,971,524

1,897,770

1,866,181

Difference between expected and actual experience

5,743,285

2,860,376

1,564,864

774,207

Changes of assumptions and other inputs Benefit payments Net Change in Total Pension Liability Total Pension Liability - Beginning Total Pension Liability -Ending (a)

(3,412,740) 5,649,037 40,124,675

(3,190,144) 2,683,710 37,440,965

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

(2,987,228)

596,079

35,424,179

$ 45,773,712

$ 40,124,675

$ 37,440,965

$ 36,020,258

Plan Fiduciary Net Position: Contributions - employer

$ 3,460,862

$ 3,279,791

$ 3,048,382

$ 3,010,140

Net investment income

2,553,202 (3,412,740)

320,555

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

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

Benefit payments

(3,190,144)

Administrative expense

(5,212)

(4,829)

(5,128)

(5,387)

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

2,596,112 8,349,166 10,945,278

405,373

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

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

7,943,793 8,349,166

$ 34,828,434

$ 31,775,509

$ 29,497,172

$ 26,734,978

Ratio of plan fiduciary net position to total pension liability

23.91%

20.81%

21.22%

25.78%

Covered payroll

$ 51,153,505

$ 44,454,117

$ 41,945,731

$ 40,012,587

Net pension liability as a percentage of covered payroll

68.09%

71.48%

70.32%

66.82%

All years for which information is available are presented.

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