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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, 2016 <br />Fiscal year ending December 31, 2016 December 31, 2015 <br />Measurement date December 31, 2016 December 31, 2015 <br />Total pension liability: <br />Service cost $47,233 $44,095 <br />Interest 31,829 30,759 <br />Changes of benefit terms - - <br />Differences between expected and actual experience - - <br />Changes of assumptions (36,075) - <br />Benefit payments, including refunds of employee contributions (80,200)(25,472) <br />Net change in total pension liability (37,213)49,382 <br />Total pension liability - beginning 741,775 692,393 <br />Total pension liability - ending (a)$704,562 $741,775 <br />Plan fiduciary net position: <br />Contributions - employer $6,000 $6,000 <br />Contributions - State of Minnesota 51,174 48,725 <br />Contributions - employee - - <br />Net investment income 39,971 (23,129) <br />Benefit payments, including refunds of employee contributions (80,200)(25,472) <br />Administrative expense (8,653)(10,561) <br />Other - - <br />Net change in plan fiduciary net position 8,292 (4,437) <br /> <br />Plan fiduciary net position - beginning 893,343 897,780 <br />Plan fiduciary net position - ending (b)$901,635 $893,343 <br />Net pension liability (asset) - ending (a) - (b)($197,073)($151,568) <br />Plan fiduciary net position as a percentage of the total pension liability 127.97%120.43% <br />Covered-employee payroll**$ - $ - <br />Net pension liability as a percentage of covered employee payroll**NA NA <br />Pension benefit per year of service $3,300 $3,300 <br />Number of plan participants 32 32 <br />*GASB 68 was implemented in 2015. Information prior to 2015 is not available. <br />**The Relief Association is comprised on volunteers, therefore there are no payroll expenditures. <br />100