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06-05-2017 Council Packet
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06-05-2017 Council Packet
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2/8/2018 11:00:15 AM
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6/6/2017 2:19:50 PM
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City Council
Council Document Type
Council Packet
Meeting Date
06/05/2017
Council Meeting Type
Work Session Regular
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CITY OF LINO LAKES, MINNESOTA <br />REQUIRED SUPPLEMENTARY INFORMATION Statement 14 <br />SCHEDULE OF PENSION CONTRIBUTIONS - GENERAL EMPLOYEES RETIREMENT FUND <br />For The Year Ended December 31, 2016 <br />Statutorily Contributions in Contribution Contributions as a <br />Required Relation to the Deficiency Covered Percentage of <br />Fiscal Year Contribution Statutorily Required (Excess)Payroll Covered <br />Ending (a)Contribution (b)(a-b)(c)Payroll (b/c) <br />December 31, 2015 $182,102 $182,102 $ - $2,428,027 7.5% <br />December 31, 2016 193,684 193,684 - 2,582,452 7.5% <br /> The schedule is provided prospectively beginning with the City's fiscal year ended December 31, 2015 and is intended to <br /> show a ten year trend. Additional years will be reported as they become available. <br />94
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