2024 Annual Comprehensive Report

Schedule 7 Page 1 of 2

Local Governmental Employees' Retirement System Required Supplementary Information Fiscal Years Ending June 30, 2015 -2024*

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

2024

2023

2022

2021

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

2.29%

2.34%

2.33%

2.44%

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

$

151,737,374

$

131,886,996

$

35,743,062

$

87,018,641

Greensboro's covered payroll

$

196,571,448

$

178,905,337

$

169,607,978

$

167,332,111

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

77.19%

73.72%

21.07%

52.00%

percentage of its covered payroll

Plan fiduciary net position as a percentage of the total

82.49%

84.14%

95.51%

88.61%

pension liability

Employer Contributions

2024

2023

2022

2021

Contractually required contribution

$

29,068,306

$

24,288,303

$

20,681,122

$

17,562,792

Contributions in relation to the contractually required contribution

29,068,306

24,288,303

20,681,122

17,562,792

Contribution deficiency (excess)

$

-

$

-

$

-

$

-

Greensboro's covered payroll

$

220,689,207

$

196,571,448

$

178,905,337

$

169,607,978

Contributions as a percentage of covered payroll

13.17%

12.36%

11.56%

10.35%

* The amounts presented for each fiscal year were determined as of the prior fiscal year ending June 30.

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