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CITY OF LINO LAKES, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS <br />December 31, 2015 <br />Note 6 PENSION PLANS (CONTINUED) <br />A. PUBLIC EMPLOYEES RETIREMENT ASSOCIATION (PERA) - DEFINED BENEFIT <br />PLANS (CONTINUED) <br />PENSION LIABILTY SENSITIVITY <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 />1% Decrease in 1% Increase in <br />Discount Rate Current Discount Discount Rate <br />Description (6.90%) Rate (7.90%) (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 />PENSION PLAN FIDUCIARY NET POSITION <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.nmpera.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 />57 <br />