|
IV-44CITY OF LINO LAKES, MINNESOTA REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF CHANGES IN TIIB TOTAL OPEB LIABILITY AND RELATED RATIOS For The Year Ended December 31, 2018 Total OPEB liability: Service cost Interest Changes of benefit tenns Differences between expected and actual experience Changes in assumptions Benefit payments Net change in total OPEB liability Total OPEB liability -beginning Total OPEB liability -ending Covered-employee payroll Total OPEB liability as a percentage of covered-employee payroll 2018 $16,547 21,355 (27,798) 10,104 746,540 $756,644 $3,240,932 23.3% The schedule is provided prospectively beginning with the City's fiscal year ended December 31, 2017 and is intended to show a ten year trend. Additional years will be added as they become available. 2017 $16,990 22,542 (51,083) (31,536) (43,087) 789627 $746,540 $3,499,836 21.3% CITY OF LINO LAKES, MINNESOTA REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF PROPORTIONATE SHARE OF NET PENSION LIABILITY -GENERAL EMPWYEES RETIREMENT FUND For The Year F.ndec!December 31, 2018 State's Proportionate Share City's City's (Am01D1t) Proportionate Proportionate oftheNet Share Share(Amount) Peosion Measurement Fiseal Year (Percentage) of of the Net Liability Date F.nding the Net Pension Pension Associated June 30, December 31, Liabili!J: Liabiliw(•l withCi!J:!!?) 2015 2015 0.0410% $2,124,883 $ • 2016 2016 0.0387% 3,142,248 41,033 2017 2017 0.0414% 2,642,949 33,230 2018 2018 0.0381% 2,ll3,632 69,419 City's Proportionate Share of the Net Pension Liability and the State's Proportionate Share of the Net Peosion Liability Associated with Covered aw !•+bl P!!l'.!!,!ll(c) $2,124,883 $2,407,426 3,183,281 2,401,546 2,676,179 2,666,880 2,183,051 2,563,053 The schcdule is provided prospectively beginning with the City's fiscal year ended December 31, 201S and is intended to show a ten year trend. Additional years will be reported es they become available. City's Proportionate Plan Share of the Fiduciary Net Net Pension Position Liability ... ... Percentage Pen:eotage of the of its Total Covered Peosioo P!!l'.!!,!ll !(a+b)ic) Liabili!J: 88.3% 78.2% 132.6% 68.9% 100.3% 75.9% 85.2% 79.5%
|