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6A.D. - Page 116
<br />REQUIRED SUPPLEMENTARY INFORMATION
<br />2. DEFINED BENEFIT PENSION PLANS
<br />A. Schedule of Changes in Net Pension Liability and Related Ratios
<br />During the Measurement Period
<br />Miscellaneous Plan
<br />Measurement Period ("
<br />2014-15
<br />2013-14
<br />TOTAL PENSION LIABILITY
<br />Service Cost
<br />$ 4,787,766
<br />$
<br />4,962,237
<br />Interest
<br />19,792,491
<br />18,925,939
<br />Changes of Benefit Terms
<br />-
<br />-
<br />Difference Between Expected and Actual Experience
<br />(546,244)
<br />Changes of Assumptions
<br />(4,797,291)
<br />Benefit Payments, Including Refunds of Employee Contributions
<br />(12,621,036)
<br />(11,534,695)
<br />Net Change in Total Pension Liability
<br />6,615,686
<br />12,353,481
<br />Total Pension Liability - Beginning
<br />267,985,557
<br />255,632,076
<br />Total Pension Liability - Ending (a)
<br />$ 274,601,243
<br />$
<br />267,985,557
<br />PLAN FIDUCIARY NET POSITION
<br />Contributions - Employer
<br />$ 6,882,313
<br />$
<br />6,449,302
<br />Contributions - Employee
<br />2,372,657
<br />2,592,457
<br />Net Investment Income (Z)
<br />4,413,116
<br />29,955,563
<br />Benefit Payments, Including Refunds of Employee Contributions
<br />(12,621,036)
<br />(11,534,695)
<br />Other Changes in Fiduciary Net Position
<br />(205,162)
<br />-
<br />Net Change in Fiduciary Net Position
<br />841,888
<br />27,462,627
<br />Plan Fiduciary Net Position - Beginning
<br />197,591,985
<br />170,129,358
<br />Plan Fiduciary Net Position - Ending (b)
<br />$ 198,433,873
<br />$
<br />197,591,985
<br />Plan Net Position Liability/(Asset) - Ending (a) - (b)
<br />$ 76,167,370
<br />$
<br />70,393,572
<br />Plan Fiduciary Net Position as a Percentage of the Total Pension Liability
<br />72.26%
<br />73.73%
<br />Covered Payroll
<br />$ 28,944,841
<br />$
<br />28,592,551
<br />Plan Net Pension Liability/(Asset) as a Percentage of Covered Payroll
<br />263.15%
<br />246.20%
<br />(1) Historical information is required only for measurement periods for which GASB 68 is applicable.
<br />(2) Net of administrative expenses.
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