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CITY OF LINO LAKES, MINNESOTA <br />REQUIRED SUPPLEMENTARY INFORMATION Statement 17 <br />SCHEDULE OF CHANGES IN THE NET PENSION LIABILITY AND RELATED RATIOS - <br />LINO LAKES PUBLIC SAFETY DEPARTMENT - FIRE DIVISION <br />For The Year Ended December 31, 2016 <br />Fiscal year ending and measurement date December 31, 2016 <br />Total pension liability: <br />Service cost $38,419 <br />Interest on pension liability 3,568 <br />Changes of benefit terms - <br />Differences between expected and actual experience (7,804) <br />Changes of assumptions - <br />Benefit payments, including refunds of employee contributions - <br />Net change in total pension liability 34,183 <br />Total pension liability - beginning 21,057 <br />Total pension liability - ending (a)$55,240 <br />Plan fiduciary net position: <br />Contributions - employer $44,394 <br />Contributions - State of Minnesota - <br />Net investment income 133 <br />Benefit payments, including refunds of employee contributions - <br />Administrative expense - <br />Other - <br />Net change in plan fiduciary net position 44,527 <br /> <br />Plan fiduciary net position - beginning - <br />Plan fiduciary net position - ending (b)$44,527 <br />Net pension liability/(asset) - ending (a) - (b)$10,713 <br />Plan fiduciary net position as a percentage of the total pension liability 80.61% <br />Covered payroll N/A <br />Net pension liability as a percentage of covered employee payroll N/A <br />N/A - the Lino Lakes Fire Department is comprised of paid on-call firefighters, whose pay does <br />not meet the definition of covered payroll. <br />The City created its own fire department in 2016. Therefore, information prior to 2016 is not available. <br />97