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CITY OF ST. ANTHONY, MINNESOTA
<br />REQUIRED SUPPLEMENTARY INFORMATION Statement 15
<br />SCHEDULE OF CHANGES IN THE NET PENSION LIABILITY AND RELATED RATIOS -
<br />ST. ANTHONY FIRE DEPARTMENT RELIEF ASSOCIATION
<br />For The Last Ten Years
<br />Fiscal Year Ending and Measurement date December 31, 2020 December 31, 2019 December 31, 2018 December 31, 2017 December 31, 2016 December 31, 2015
<br />Total pension liability:
<br />Service cost $28,181 $40,799 $37,633 $37,542 $47,233 $44,095
<br />Interest 46,153 42,195 40,951 44,308 31,829 30,759
<br />Changes in benefit terms - 35,173 26,091 - - -
<br />Differences between expected and actual experience (33,785)(71,654) - (35,041) - -
<br />Changes of assumptions - 15,462 - 2,699 (36,075) -
<br />Benefit payments - (27,928)(144,500)(7,260)(80,200)(25,472)
<br />Net change in total pension liability 40,549 34,047 (39,825)42,248 (37,213)49,382
<br />Total pension liability - beginning 741,032 706,985 746,810 704,562 741,775 692,393
<br />Total pension liability - ending (a)$781,581 $741,032 $706,985 $746,810 $704,562 $741,775
<br />Plan fiduciary net position:
<br />Contributions - employer $6,000 $6,000 $6,000 $6,000 $6,000 $6,000
<br />Contributions - State of Minnesota 58,407 54,716 53,083 51,206 51,174 48,725
<br />Contributions - employee - - - - - -
<br />Net investment income 150,122 98,394 (54,281)93,511 39,971 (23,129)
<br />Benefit payments - (27,928)(144,500)(7,260)(80,200)(25,472)
<br />Administrative expense (12,185)(11,640)(11,547)(11,829)(8,653)(10,561)
<br />Net change in plan fiduciary net position 202,344 119,542 (151,245)131,628 8,292 (4,437)
<br />
<br />Plan fiduciary net position - beginning 1,001,560 882,018 1,033,263 901,635 893,343 897,780
<br />Plan fiduciary net position - ending (b)$1,203,904 $1,001,560 $882,018 $1,033,263 $901,635 $893,343
<br />Net pension liability (asset) - ending (a) - (b)($422,323) ($260,528)($175,033)($286,453) ($197,073)($151,568)
<br />Plan fiduciary net position as a percentage of the
<br /> total pension liability 154.0%135.2%124.8%138.4%128.0%120.4%
<br />Covered-employee payroll*NA NA NA NA NA NA
<br />Net pension liability as a percentage of covered
<br /> employee payroll*NA NA NA NA NA NA
<br />Pension benefit per year of service $3,800 $3,800 $3,500 $3,300 $3,300 $3,300
<br />Number of plan participants 33 30 33 35 32 32
<br />*The Relief Association is comprised of volunteers, therefore there are no payroll expenditures.
<br />GASB 68 was implemented in 2015. Information prior to 2015 is not available.
<br />See accompanying notes to the required supplementary information.
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