COG Comprehensive Annual Financial Report
Schedule 7
Local Governmental Employees' Retirement System Required Supplementary Information Last Five Fiscal Years *
Employer's Proportionate Share of Net Pension Liability (Asset)
2018
2017
2016
2015
2014
Greensboro's proportion of net pension liability (asset) (%)
2.57%
2.56%
2.71%
2.71%
2.65%
Greensboro's proportion of net pension liability (asset) ($)
$39,235,440
$54,381,226
$12,141,673
($15,959,838)
$32,000,534
Greensboro's covered payroll
$152,528,465
$148,676,887
$145,700,616
$141,782,687
$139,078,263
Greensboro's proportion of net pension liability (asset) as a
25.72
36.58
8.33
(11.26%)
23.01%
percentage of its covered payroll
Plan fiduciary net position as a percentage of the total
94.18%
91.47%
98.09%
102.64%
94.35%
pension liability
Employer Contributions
2018
2017
2016
2015
2014
Contractually required contribution
$12,191,783
$11,430,637
$10,185,674
$10,414,334
$10,100,894
Contributions in relation to the contractually required contribution
$12,191,783
$11,430,637
$10,185,674
$10,414,334
$10,100,894
Contribution deficiency (excess)
$
-
$
-
$
-
$
-
$
-
Greensboro's covered payroll
$157,780,855
$152,528,465
$148,676,887
$145,700,616
$141,782,687
Contributions as a percentage of covered payroll
7.73%
7.49%
6.85%
7.15%
7.12%
* The amounts presented for each fiscal year were determined as of the prior fiscal year ending June 30.
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