CAFR 2016

Schedule 3

Local Governmental Employees' Retirement System Required Supplementary Information Last Three Fiscal Years

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

2016

2015

2014

Greensboro's proportion of net pension liability (asset) (%)

2.71%

2.71%

2.65%

Greensboro's proportion of net pension liability (asset) ($)

$12,141,673

($15,959,838)

$32,000,534

Greensboro's covered-employee payroll

$150,875,082

$147,235,355

$146,821,293

Greensboro's proportion of net pension liability (asset) as a

8.0%

(10.84%)

21.80%

percentage of its covered-employee payroll

Plan fiduciary net position as a percentage of the total

98.09%

102.64%

94.35%

pension liability

Employer Contributions

2016

2015

2014

Contractually required contribution

$10,185,674

$10,414,334

$10,100,894

Contributions in relation to the contractually required contribution

$10,185,674

$10,414,334

$10,100,894

Contribution deficiency (excess)

$

$

$

Greensboro's covered-employee payroll

$153,474,783

$150,875,082

$147,235,355

Contributions as a percentage of covered employee

6.64%

6.90%

6.86%

payroll

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