06-24-2019 Council Packet - Laserfiche WebLink

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CITY OF LITTLE CANADA, MINNESOTA PERA SCHEDULE OF THE CITY’S PROPORTIONATE SHARE OF THE NET PENSION LIABILITY YEAR ENDED DECEMBER 31, 2018 (74) GERF Schedule of the City’s Proportionate Share of the Net Pension Liability Last Four Fiscal Years* Measurement Measurement Measurement Measurement Measurement Date 6/30/2018 Date 6/30/2017 Date 6/30/2016 Date 6/30/2015 Date 6/30/2014 City’s Proportion of the Net Pension Liability 0.0172% 0.0169% 0.0177% 0.0189% 0.0209% City’s Proportionate Share of the Net Pension Liability 954,185$ 1,078,886$ 1,437,152$ 979,496$ 981,777$ State’s Proportionate Share of the Net Pension Liability Associated with the City 31,362 13,538 - - - Total 985,547$ 1,092,424$ 1,437,152$ 979,496$ 981,777$ City’s Covered Payroll 1,160,624$ 1,086,457$ 1,109,852$ 1,117,363$ 1,099,159$ City’s Proportionate Share of the Net Pension Liability as a Percentage of its Covered Payroll 82.21% 99.30% 129.49% 87.66% 89.32% Plan Fiduciary Net Position as a Percentage of the Total Pension Liability 79.53% 75.90% 68.90% 78.20% 78.70% Ten years of data is not yet available but years will be added going forward until ten years are presented. * The Amounts Presented for Each Fiscal Year were Determined as of 6/30.