Comprehensive Annual Financial Report 12/31/2016

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CITY OF LINO LAKES, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2016 G. PENSION LIABILITY SENSITIVITY The following presents the City's proportionate share of the net pension liability for all plans it participates in, calculated using the discount rate disclosed in the preceding paragraph, as well as what the City's proportionate share of the net pension liability would be if it were calculated using a discount rate 1 percentage point lower or 1 percentage point higher than the current discount rate: H. PENSION PLAN FIDUCIARY NET POSITION Detailed information about each pension plan's fiduciary net position is available in a separately -issued PERA financial report that includes financial statements and required supplementary information. That report may be obtained at www.mnpera.org. I. PENSION EXPENSE Pension expense recognized by the City for the year ended December 31, 2016 is as follows: GERF PEPFF Fire Relief (Note 9) Total FTI $406,987 1,818,967 66,668 $2,292,622 1% Decrease in I% Increase in Discount Rate (6.5%) Discount Rate (7.5%) Discount Rate (8.5%) City's proportionate share of the GERF net pension liability $4,462,923 $3,142,248 $2,054,371 1% Decrease in I% Increase in Discount Rate (4.6%) Discount Rate (5.6%) Discount Rate (6.6%) City's proportionate share of the PEPFF net pension liability $14,550,389 $10,394,121 $6,998,133 H. PENSION PLAN FIDUCIARY NET POSITION Detailed information about each pension plan's fiduciary net position is available in a separately -issued PERA financial report that includes financial statements and required supplementary information. That report may be obtained at www.mnpera.org. I. PENSION EXPENSE Pension expense recognized by the City for the year ended December 31, 2016 is as follows: GERF PEPFF Fire Relief (Note 9) Total FTI $406,987 1,818,967 66,668 $2,292,622