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Agenda - Council - 06/14/2022
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Agenda - Council - 06/14/2022
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3/14/2025 2:32:40 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
06/14/2022
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CITY OF RAMSEY <br /> PERA—Public Employees Police and Fire Fund <br /> Schedule of City's and Non-Employer Proportionate Share of Net Pension Liability <br /> Proportionate <br /> Share of the <br /> City's Net Pension <br /> Proportionate Liability and City's <br /> Share of the the City's Proportionate Plan Fiduciary <br /> State of Share of the Share of the Net Position <br /> City's City's Minnesota's State of Net Pension as a <br /> PERA Fiscal Proportion Proportionate Proportionate Minnesota's Liability as a Percentage <br /> Year-End Date of the Net Share of the Share of the Share of the City's Percentage of of the Total <br /> City Fiscal (Measurement Pension Net Pension Net Pension Net Pension Covered Covered Pension <br /> Year-End Date Date) Liability Liability Liability Liability Payroll Payroll Liability <br /> 12/31/2015 06/30/2015 0.2090% $ 2,374,729 $ — $ 2,374,729 $ 19917,443 123.85% 86.60% <br /> 12/31/2016 06/30/2016 0.2080% $ 8,347,402 $ — $ 8,347,402 $ 290001574 417.25% 63.90% <br /> 12/31/2017 06/30/2017 0.2190% $ 2,956,761 $ — $ 2,9561761 $ 29243,957 131.77% 85.40% <br /> 12/31/2018 06/30/2018 0.2161% $ 2,3031404 $ — $ 2,303,404 $ 292771516 101.14% 88.80% <br /> 12/31/2019 06/30/2019 0.2331% $ 214811585 $ — $ 2,481,585 $ 294581454 100.94% 89.30% <br /> 12/31/2020 06/30/2020 0.2397% $ 31159,502 $ 74,418 $ 3,233,920 $ 297031294 116.88% 87.20% <br /> 12/31/2021 06/30/2021 0.2447% $ 118881825 $ 841916 $ 119731741 $ 298911892 65.31% 93.70% <br /> PERA—Public Employees Police and Fire Fund <br /> Schedule of City Contributions <br /> Contributions Contributions <br /> in Relation to as a <br /> Statutorily the Statutorily Contribution Percentage <br /> City Fiscal Required Required Deficiency Covered of Covered <br /> Year-End Date Contributions Contributions (Excess) Payroll Payroll <br /> 12/31/2015 $ 326,419 $ 326,419 $ — $ 290149315 16.20% <br /> 12/31/2016 $ 339,699 $ 3399699 $ — $ 290969907 16.20% <br /> 12/31/2017 $ 357,524 $ 3579524 $ — $ 292069938 16.20% <br /> 12/31/2018 $ 382,968 $ 3829968 $ — $ 2136400 16.20% <br /> 12/31/2019 $ 4331917 $ 4331917 $ — $ 215599982 16.95% <br /> 12/31/2020 $ 4925217 $ 4921217 $ — $ 217809887 17.70% <br /> 12/31/2021 $ 541,368 $ 5411368 $ — $ 390589576 17.70% <br /> Note 1: The City implemented GASB Statement No.68 in fiscal 2015. This information is not available for previous fiscal years. Aditional years' <br /> information will be displayed as it becomes available. <br /> 100 <br />
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