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2016.07.05 CC Packet
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2016.07.05 CC Packet
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7/6/2016 2:42:57 PM
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City Council
Document Type
Agenda/Packets
Meeting Date
7/5/2016
Meeting Type
Regular
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CITY OF HUGO <br />Schedule of City Contributions <br />PERA General Employees Retirement Fund <br />December 31, 2015 <br />Contributions <br />in Relation to <br />Statutorily Statutorily Contributions as a <br />Required Required Contribution Covered Percentage of <br />Contribution Contribution Deficiency Employee Covered Payroll <br />Year Ended December 31 (a) (b) (Excess) (a -b) Payroll (d) (b/d) <br />2014 $ 103,560 $ 103,560 $ $ 1,428,404 7.3% <br />2015 111,569 111,569 1,487,583 7.5% <br />2016 <br />2017 <br />2018 <br />2019 <br />2020 <br />2021 <br />2022 <br />2023 <br />CITY OF HUGO <br />Schedule of Proportionate Share of Net Pension Liability <br />PERA General Employees Retirement Fund <br />December 31, 2015 <br />2014 0.0278% $ 1,305,905 $1,428,404 91.4% 78.7% <br />2015 0.0245% 1,269,717 1,487,583 85.4% 78.2% <br />2016 <br />2017 <br />2018 <br />2019 <br />2020 <br />2021 <br />2022 <br />2023 <br />67 <br />Proportionate <br />Share (Amount) of <br />Proportionate <br />the Net Pension <br />Plan Fiduciary <br />Proportionate <br />Share (Amount) <br />Liability (Asset) as <br />Net Position as a <br />(Percentage) <br />of the Net <br />Covered- a Percentage of its <br />Percentage of the <br />Fiscal Year of Net Pension <br />Pension Liability <br />Employee Covered Employee <br />Total Pension <br />Ended June 30 Liability (Asset) <br />(Asset) (a) <br />Payroll (b) Payroll (a/b) <br />Liability <br />2014 0.0278% $ 1,305,905 $1,428,404 91.4% 78.7% <br />2015 0.0245% 1,269,717 1,487,583 85.4% 78.2% <br />2016 <br />2017 <br />2018 <br />2019 <br />2020 <br />2021 <br />2022 <br />2023 <br />67 <br />
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