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CITY OF LINO LAKES, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 2015 <br /> <br />57 <br /> <br />Note 6 PENSION PLANS (CONTINUED) <br />A. PUBLIC EMPLOYEES RETIREMENT ASSOCIATION (PERA) - DEFINED BENEFIT <br />PLANS (CONTINUED) <br /> <br />PENSION LIABILTY SENSITIVITY <br /> <br />The following presents the City’s proportionate share of the net pension liability for all plans it participates <br />in, calculated using the discount rate disclosed in the preceding paragraph, as well as what the City’s <br />proportionate share of the net pension liability would be if it were calculated using a discount rate 1 <br />percentage point lower or 1 percentage point higher than the current discount rate: <br /> <br />Description <br />1% Decrease in <br />Discount Rate <br />(6.90%) <br />Current Discount <br />Rate (7.90%) <br />1% Increase in <br />Discount Rate <br />(8.90%) <br />City's Proportionate Share of the GERF Net Pension <br />Liability 3,340,992$ 2,124,883$ 1,120,472$ <br />City's Proportionate Share of the PEPFF Net Pension <br />Liability 5,514,185$ 2,829,223$ 610,976$ <br /> <br />PENSION PLAN FIDUCIARY NET POSITION <br /> <br />Detailed information about each pension plan’s fiduciary net position is available in a separately-issued <br />PERA financial report that includes financial statements and required supplementary information. That <br />report may be obtained on the Internet at www.mnpera.org; by writing to PERA at 60 Empire Drive #200, <br />St. Paul, Minnesota, 55103-2088; or by calling (651) 296-7460 or 1-800-652-9026. <br /> <br /> <br /> <br />