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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 0.0508%2,632,720$ –$ 2,632,720$ 2,984,866$ 88.20% 78.20%
<br />12/31/2016 06/30/2016 0.0508%4,124,708$ 53,908$ 4,178,616$ 3,154,867$ 130.74% 68.90%
<br />12/31/2017 06/30/2017 0.0551%3,517,550$ 44,220$ 3,561,770$ 3,550,067$ 99.08% 75.90%
<br />12/31/2018 06/30/2018 0.0527%2,923,581$ 95,848$ 3,019,429$ 3,542,360$ 82.53% 79.50%
<br />12/31/2019 06/30/2019 0.0530%2,930,253$ 91,163$ 3,021,416$ 3,752,320$ 78.09% 80.20%
<br />12/31/2020 06/30/2020 0.0566%3,393,429$ 104,560$ 3,497,989$ 4,036,013$ 84.08% 79.10%
<br />12/31/2021 06/30/2021 0.0617%2,634,866$ 80,483$ 2,715,349$ 4,313,560$ 61.08% 87.00%
<br />12/31/2022 06/30/2022 0.0603%4,775,781$ 140,084$ 4,915,865$ 4,518,169$ 105.70% 76.70%
<br />12/31/2023 06/30/2023 0.0620%3,466,971$ 95,709$ 3,562,680$ 4,933,640$ 70.27% 83.10%
<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 238,004$ 238,004$ –$ 3,173,387$ 7.50%
<br />12/31/2016 247,279$ 247,279$ –$ 3,297,053$ 7.50%
<br />12/31/2017 261,117$ 261,117$ –$ 3,481,560$ 7.50%
<br />12/31/2018 271,321$ 271,321$ –$ 3,617,613$ 7.50%
<br />12/31/2019 293,639$ 293,639$ –$ 3,915,187$ 7.50%
<br />12/31/2020 312,137$ 312,137$ –$ 4,161,827$ 7.50%
<br />12/31/2021 330,724$ 330,724$ –$ 4,409,653$ 7.50%
<br />12/31/2022 346,788$ 346,788$ –$ 4,624,488$ 7.50%
<br />12/31/2023 400,688$ 400,688$ –$ 5,342,507$ 7.50%
<br /> information will be displayed as it becomes available.
<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 />CITY OF RAMSEY
<br />PERA – General Employees Retirement Fund
<br />Schedule of City’s and Non-Employer Proportionate Share of Net Pension Liability
<br />PERA – General Employees Retirement Fund
<br />Schedule of City Contributions
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