COG Comprehensive Annual Financial Report
Schedule 1
Schedule of Changes in Net Pension Liability and Related Ratios Law Enforcement Officers' Special Separation Allowance (LEOSSA) Pension Benefit Trust Required Supplementary Information Fiscal Year Ending June 30, 2018 and 2017
2017
2018
Total Pension Liability: Service cost
1,073,888 1,120,959
$
957,868
$
Interest
1,239,173
Difference between expected and actual experience
- (994,754)
871,112
Changes of assumptions and other inputs
-
(2,546,004) (1,345,911) 32,672,426 31,326,515 8,796,931 67,929 (2,546,004) (1,596) 6,317,260 - 6,317,260 25,009,255
Benefit payments
(2,610,122)
Net Change in Total Pension Liability Total Pension Liability - Beginning Total Pension Liability -Ending (a)
458,031
31,326,515 31,784,546
$
$
Plan Fiduciary Net Position: Contributions - employer
$
$
2,551,831
Net investment income
482,845
Benefit payments
(2,610,122)
Administrative expense
(3,191)
Net Change in Plan Fiduciary Net Position Plan Fiduciary Net Position - Beginning Plan Fiduciary Net Position - Ending (b) Net Pension Liability - Ending (a) - (b)
421,363
6,317,260 6,738,623 25,045,923
$
$
Ratio of plan fiduciary net position to total pension liability
21.20%
20.17% 38,648,789
$
38,475,970
$
Covered payroll
Net pension liability as a percentage of covered payroll
65.09%
64.71%
All years for which information is available are presented.
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