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CITY OF LINO LAKES, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 2016 <br /> <br /> <br /> <br /> <br />G. PENSION LIABILITY SENSITIVITY <br /> <br />The following presents the City’s proportionate share of the net pension liability for all plans it <br />participates in, calculated using the discount rate disclosed in the preceding paragraph, as well as what <br />the City’s proportionate share of the net pension liability would be if it were calculated using a discount <br />rate 1 percentage point lower or 1 percentage point higher than the current discount rate: <br /> <br />1% Decrease in 1% Increase in <br />Discount Rate (6.5%) Discount Rate (7.5%) Discount Rate (8.5%) <br />City's proportionate share of the <br /> GERF net pension liability $4,462,923 $3,142,248 $2,054,371 <br />1% Decrease in 1% Increase in <br />Discount Rate (4.6%) Discount Rate (5.6%) Discount Rate (6.6%) <br />City's proportionate share of the <br /> PEPFF net pension liability $14,550,389 $10,394,121 $6,998,133 <br /> <br /> <br />H. 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 at www.mnpera.org. <br /> <br /> <br />I. PENSION EXPENSE <br /> <br />Pension expense recognized by the City for the year ended December 31, 2016 is as follows: <br /> <br />GERF $406,987 <br />PEPFF 1,818,967 <br />Fire Relief (Note 9)66,668 <br />Total $2,292,622 <br /> <br />70