2025 Annual Comprehensive Report

Schedule 2 Page 1 of 2

Schedule of Employer Contributions Law Enforcement Officers' Special Separation Allowance (LEOSSA) Pension Benefit Trust

Required Supplementary Information Fiscal Years Ending June 30, 2017-2025

2025

2024

2023

2022

Actuarially determined employer contribution

$ 6,183,813

$ 5,102,055

$ 4,698,037

$ 3,694,180

Actual employer contributions

3,526,054

3,306,532

3,088,270

2,992,404

$ 1,609,767

$

701,776

Annual contribution deficiency (excess)

$ 2,657,759

$ 1,795,523

Covered payroll

$ 55,130,865

$ 52,578,567

$ 45,491,497

$ 42,336,195

Actual contributions as a percentage of covered payroll

6.40%

6.29%

6.79%

7.07%

Notes to the Required Schedule: The information presented in the required supplementary schedules was determined as part of the actuarial valuations at the dates indicated. The following actuarial methods and assumptions were used to determine the contribution rate for fiscal year 2025:

Actuarial valuation

12/31/2022

Discount rate

5.50%

Entry age normal Level dollar, closed

Actuarial cost method Amortization method

Remaining amortization period

8 years

Asset valuation method

Fair value

Inflation

2.50%

Salary Increase

3.25% - 7.75%, including inflation 5.50%, net of pension plan investment expense, including inflation

Investment rate of return

All years for which information is available are presented.

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