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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$ 1,917,443$ 123.85% 86.60%
<br />12/31/2016 06/30/2016 0.2080%8,347,402$ –$ 8,347,402$ 2,000,574$ 417.25% 63.90%
<br />12/31/2017 06/30/2017 0.2190%2,956,761$ –$ 2,956,761$ 2,243,957$ 131.77% 85.40%
<br />12/31/2018 06/30/2018 0.2161%2,303,404$ –$ 2,303,404$ 2,277,516$ 101.14% 88.80%
<br />12/31/2019 06/30/2019 0.2331%2,481,585$ –$ 2,481,585$ 2,458,454$ 100.94% 89.30%
<br />12/31/2020 06/30/2020 0.2397%3,159,502$ 74,418$ 3,233,920$ 2,703,294$ 116.88% 87.20%
<br />12/31/2021 06/30/2021 0.2447%1,888,825$ 84,916$ 1,973,741$ 2,891,892$ 65.31% 93.70%
<br />12/31/2022 06/30/2022 0.2573%11,196,681$ 489,060$ 11,685,741$ 3,125,648$ 358.22% 70.50%
<br />12/31/2023 06/30/2023 0.2407%4,156,576$ 167,433$ 4,324,009$ 3,160,708$ 131.51% 86.50%
<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$ –$ 2,014,315$ 16.20%
<br />12/31/2016 339,699$ 339,699$ –$ 2,096,907$ 16.20%
<br />12/31/2017 357,524$ 357,524$ –$ 2,206,938$ 16.20%
<br />12/31/2018 382,968$ 382,968$ –$ 2,364,000$ 16.20%
<br />12/31/2019 433,917$ 433,917$ –$ 2,559,982$ 16.95%
<br />12/31/2020 492,217$ 492,217$ –$ 2,780,887$ 17.70%
<br />12/31/2021 541,368$ 541,368$ –$ 3,058,576$ 17.70%
<br />12/31/2022 553,715$ 553,715$ –$ 3,128,333$ 17.70%
<br />12/31/2023 591,359$ 591,359$ –$ 3,341,011$ 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 />PERA – Public Employees Police and Fire Fund
<br />Schedule of City’s and Non-Employer Proportionate Share of Net Pension Liability
<br />CITY OF RAMSEY
<br />PERA – Public Employees Police and Fire Fund
<br />Schedule of City Contributions
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