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06-04-2018 Council Work Session Packet
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06-04-2018 Council Work Session Packet
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CITY OF LINO LAKES, MINNESOTA <br />REQUIRED SUPPLEMENTARY INFORMATION Statement 14 <br />SCHEDULE OF PENSION CONTRIBUTIONS - GENERAL EMPLOYEES RETIREMENT FUND <br />For The Year Ended December 31, 2017 <br />Statutorily Contributions in Contribution Contributions as a <br />Fiscal Year Required Relation to the Deficiency Covered Percentage of <br />Ending Contribution Statutorily Required (Excess) Payroll Covered <br />December 31, (a) Contribution (b) (a-b) (c) Payroll (b/c) <br />2015 $182,102 $182,102 $ - $2,428,027 7.5% <br />2016 193,684 193,684 - 2,582,452 7.5% <br />2017 192,510 192,510 - 2,566,800 7.5% <br />The schedule is provided prospectively beginning with the City's fiscal year ended December 31, 2015 and is intended to <br />show a ten year trend. Additional years will be reported as they become available. <br />94
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