05-26-2021 Council Packet - Laserfiche WebLink

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CITY OF LITTLE CANADA, MINNESOTA PERA SCHEDULE OF THE CITY'S PROPORIONATE SHARE OF NET PENSION LIABILITY YEAR ENDED DECEMBER 31, 2020 GERF Schedule of the City's Proportionate Share of the Net Pension Liability. * 6/30/2020 6/30/2019 6/30/2018 6/30/2017 6/30/2016 6/30/2015 6/30/2014 City's Proportion of the net pension liability 0.0168%0.0158%0.0172%0.0169%0.1777%0.1890%0.0209% City's proportionate share of the net pension liability 1,007,236$ 873,546$ 954,185$ 1,078,886$ 1,437,152$ 979,496$ 981,777$ State's proportionate share of the net pension associated with the City 31,027 27,165 31,362 13,538 - - - Total 1,038,263$ 900,711$ 985,547$ 1,092,424$ 1,437,152$ 979,496$ 981,777$ City's covered payroll 1,197,694$ 1,118,348$ 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 84.10%78.11%82.21%99.30%129.49%87.66%89.32% Plan fiduciary net position as a percentage of the total net pension liability 79.10%80.23%79.53%75.90%68.90%78.20%78.70% *The amounts presented for each fiscal year were determined as of 06/30. Ten years of data is not available but years will be added going forward until ten years are presented. Measurement Date 86