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CITY OF ST. ANTHONY, MINNESOTA <br />REQUIRED SUPPLEMENTARY INFORMATION Statement 16 <br />SCHEDULE OF CHANGES IN THE NET PENSION LIABILITY* AND RELATED RATIOS - <br />ST. ANTHONY FIRE DEPARTMENT RELIEF ASSOCIATION <br />For The Year Ended December 31, 2015 <br />Fiscal year ending December 31, 2015 <br />Measurement date December 31, 2015 <br />Total pension liability: <br />Service cost $44,095 <br />Interest 30,759 <br />Changes of benefit terms - <br />Differences between expected and actual experience - <br />Changes of assumptions - <br />Benefit payments, including refunds of employee contributions (25,472) <br />Net change in total pension liability 49,382 <br />Total pension liability - beginning 692,393 <br />Total pension liability - ending (a)$741,775 <br />Plan fiduciary net position: <br />Contributions - employer $6,000 <br />Contributions - State of Minnesota 48,725 <br />Contributions - employee - <br />Net investment income (23,129) <br />Benefit payments, including refunds of employee contributions (25,472) <br />Administrative expense (10,561) <br />Other - <br />Net change in plan fiduciary net position (4,437) <br /> <br />Plan fiduciary net position - beginning 897,780 <br />Plan fiduciary net position - ending (b) $893,343 <br />Net pension liability (asset) - ending (a) - (b) ($151,568) <br />Plan fiduciary net position as a percentage of the total pension liability 120.43% <br />Covered-employee payroll**$ - <br />Net pension liability as a percentage of covered employee payroll** NA <br />Pension benefit per year of service $3,300 <br />Number of plan participants 32 <br />*GASB 68 was implemented in 2015. Information prior to 2015 is not available. <br />**The Relief Association is comprised of volunteers, therefore there are no payroll expenditures. <br />102