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CITY OF LINO LAKES, MINNESOTA
<br />REQUIRED SUPPLEMENTARY INFORMATION
<br />SCHEDULE OF CHANGES IN THE NET PENSION LIABILITY AND RELATED RATIOS -
<br />LINO LAKES PUBLIC SAFETY DEPARTMENT - FIRE DIVISION
<br />For The Last Ten Years
<br />Fiscal year ending - December 31:
<br />Measurement date - December 31:
<br />Total pension liability:
<br />Service cost
<br />Interest on pension liability
<br />Changes of benefit terms
<br />Differences between expected and actual experience
<br />Changes of assumptions
<br />Changes in benefit level
<br />Benefit payments
<br />Net change in total pension liability
<br />Total pension liability - beginning
<br />Total pension liability - ending (a)
<br />Plan fiduciary net position:
<br />Contributions - employer
<br />Contributions - State of Minnesota
<br />Contributions - other
<br />Net investment income
<br />Benefit payments
<br />Administrative expense
<br />Net change in plan fiduciary net position
<br />Plan fiduciary net position - beginning
<br />Plan fiduciary net position - ending (b)
<br />Net pension asset - ending (b) - (a)
<br />Plan fiduciary net position as a percentage of
<br />the total pension liability
<br />Covered payroll
<br />Net pension liability as a percentage of
<br />covered employee payroll
<br />2024
<br />2023 & 2022 *
<br />2021
<br />2023
<br />2022
<br />2021
<br />$62,261
<br />$62,261
<br />$67,890
<br />35,283
<br />32,439
<br />19,363
<br />(17,070)
<br />(11,917)
<br />59,354
<br />-
<br />-
<br />100,057
<br />(24,520)
<br />(46,223)
<br />-
<br />55,954
<br />36,560
<br />246,664
<br />538,056
<br />501,496
<br />254,832
<br />$594,010
<br />$538,056
<br />$501,496
<br />170,000
<br />147,799
<br />137,872
<br />159,422
<br />(150,995)
<br />83,292
<br />(24,520)
<br />(46,223)
<br />-
<br />-
<br />(724)
<br />(707)
<br />304,902
<br />(50,143)
<br />220,457
<br />984,693
<br />1,034,836
<br />814,379
<br />$1,289,595
<br />$984,693
<br />$1,034,836
<br />$695,585
<br />$446,637
<br />$533,340
<br />217%
<br />183%
<br />206%
<br />N/A
<br />N/A
<br />N/A
<br />N/A
<br />N/A
<br />N/A
<br />N/A - the Lino Lakes Fire Department is comprised of paid on -call firefighters whose pay does not meet the definition
<br />of covered payroll.
<br />The City created its own fire department in 2016. Therefore, information prior to 2016 is not available. Additional years will
<br />be reported as they become available.
<br />* Prior to 2023, the fiscal year end and measurement date were the same. However, 2023 plan information from
<br />PERA was not available and therefore, 2022 amounts were re -reported in the City's 2023 ACFR.
<br />See accompanying notes to the required supplementary information.
<br />100
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