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CITY OF LAKE ELMO, MINNESOTA
<br />SCHEDULE OF CITY’S PROPORTIONATE
<br />SHARE OF THE NET PENSION LIABILITY
<br />
<br />
<br />75
<br /> City's
<br /> Proportionate
<br /> Share of the Net City's
<br /> Pension Liability Proportionate Plan
<br /> City's State's and the State's Share of the Net Fiduciary Net
<br /> Proportionate Proportionate Proportionate Pension Liability Position as a
<br /> For the City's Share of the Share of the Net Share of the Net (Asset) as a Percentage
<br /> Measurement Proportion of the Net Pension Pension Liability Pension Liability City's Percentage of of the Total
<br /> Year Ended Net Pension Liability Associated with Associated with Covered its Covered Pension
<br /> June 30, Liability (Asset) (Asset) (a) the City (b) the City (a+b) Payroll (c) Payroll ((a+b)/c) Liability
<br /> General Employees Retirement Pension Plan
<br />2024 0.0232%858,774$ 22,206$ 880,980$ 2,013,373$ 43.8%89.1%
<br />2023 0.0212%1,185,480$ 32,703$ 1,218,183$ 1,728,760$ 70.5%83.1%
<br />2022 0.0232%1,837,447$ 53,688$ 1,891,135$ 1,776,733$ 106.4%76.7%
<br />2021 0.0202%862,631$ 26,322$ 888,953$ 1,456,866$ 61.0%87.0%
<br />2020 0.0207%1,241,060$ 38,201$ 1,279,261$ 1,476,621$ 86.6%79.1%
<br />2019 0.0193%1,067,054$ 33,165$ 1,100,219$ 1,364,625$ 80.6%80.2%
<br />2018 0.0191%1,059,590$ 34,710$ 1,094,300$ 1,283,088$ 85.3%79.5%
<br />2017 0.0189%1,206,564$ 15,173$ 1,221,737$ 1,209,466$ 101.0%75.9%
<br />2016 0.0159%1,291,001$ 16,853$ 1,307,854$ 1,041,540$ 125.6%68.9%
<br />2015 0.0169%875,846$ -$ 875,846$ 975,250$ 89.8%78.2%
<br /> Public Employees Police and Fire Pension Plan
<br />2024 0.0445%585,467$ 22,318$ 607,785$ 596,169$ 101.9%90.2%
<br />2023 0.0244%421,356$ 16,984$ 438,340$ 301,836$ 145.2%86.5%
<br />2022 0.0256%1,114,011$ 48,633$ 1,162,644$ 292,842$ 397.0%70.5%
<br />2021 0.0165%127,363$ 5,712$ 133,075$ 194,379$ 68.5%93.7%
<br />2020 0.0171%225,396$ 5,309$ 230,705$ 194,511$ 118.6%87.2%
<br />2019 0.0193%205,468$ 2,605$ 208,073$ 203,030$ 102.5%89.3%
<br />2018 0.0163%173,741$ 1,467$ 175,208$ 172,287$ 101.7%88.8%
<br />2017 0.0100%135,012$ -$ 135,012$ 105,846$ 127.6%85.4%
<br />2016 0.0090%361,186$ -$ 361,186$ 87,111$ 414.6%63.9%
<br />2015 0.0090%102,261$ -$ 102,261$ 86,600$ 118.1%86.6%
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