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8.A. - Page 28 of 72 Pension Data - Historical and Projected Attachment 2
<br />Miscellaneous Plan
<br />FY 2016-17
<br />Actual
<br />FY 2017-18
<br />FY 2018-19
<br />City Pension Contribution Cost
<br />8,072,950
<br />8,983,445
<br />10,444,118
<br />Unfunded Pension Liability
<br />94,202,638
<br />103,876,082
<br />113,641,747
<br />Pension Funded %
<br />67.52%
<br />66.82%
<br />68.64%
<br />City Pension Contibution Cost as % of General Fund Expenditures
<br />7.20%1
<br />7.14%1
<br />8.52%
<br />City Pension Contibution Cost as % of Covered Payroll
<br />25.64%
<br />25.85%
<br />31.27%
<br />Miscellaneous Plan
<br />FY 2019-20
<br />FY 2020-21
<br />FY 2021-22
<br />FY 2022-23
<br />FY 2023-24
<br />Estimated
<br />FY 2024-25
<br />FY 2025-26
<br />FY 2026-27
<br />FY 2027-28
<br />FY 2028-29
<br />FY 2029-30
<br />City Pension Contribution Cost
<br />12,156,729
<br />13,211,160
<br />14,487,794
<br />15,725,298
<br />16,555,194
<br />17,282,855
<br />16,987,207
<br />15,837,573
<br />16,542,331
<br />17,345,134
<br />18,258,000
<br />Unfunded Pension Liability
<br />114,548,816
<br />112,939,424
<br />110,138,282
<br />106,232,302
<br />101,477,972
<br />95,812,311
<br />90,464,568
<br />86,291,522
<br />81,537,458
<br />76,153,761
<br />70,088,196
<br />Pension Funded %
<br />69%
<br />71%
<br />73%
<br />74%
<br />75%
<br />77%
<br />78%
<br />80%
<br />80%
<br />81%
<br />81%
<br />City Pension Contibution Cost as % of General Fund Expenditures
<br />8.22%1
<br />8.91%1
<br />9.73%1
<br />10.16%1
<br />10.36%1
<br />10.40%1
<br />9.72%
<br />8.72%
<br />8.76%1
<br />8.83%1
<br />9.29%
<br />City Pension Contibution Cost as %of Covered Payroll 1
<br />31.26%
<br />34.71%
<br />37.05%
<br />39.14%
<br />40.10%
<br />40.74%
<br />38.97%
<br />35.36%
<br />35.95%
<br />36.68%
<br />37.58%
<br />Safety Plan
<br />FY 2016-17
<br />Actual
<br />FY 2017-18
<br />FY 2018-19
<br />City Pension Contribution Cost
<br />11,524,977
<br />12,262,318
<br />13,895,840
<br />Unfunded Pension Liability
<br />120,999,553
<br />138,155,476
<br />150,903,602
<br />Pension Funded %
<br />64.10%
<br />63.15%
<br />63.85%
<br />City Pension Contibution Cost as % of General Fund Expenditures
<br />10.28%
<br />9.74%1
<br />11.33%
<br />City Pension Contibution Cost as % of Covered Payroll 1
<br />44.55%
<br />44.85%
<br />50.64%
<br />Safety Plan
<br />FY 2019-20
<br />FY 2020-21
<br />FY 2021-22
<br />FY 2022-23
<br />FY 2023-24
<br />Estimated
<br />FY 2024-25
<br />FY 2025-26
<br />FY 2026-27
<br />FY 2027-28
<br />FY 2028-29
<br />FY 2029-30
<br />City Pension Contribution Cost
<br />15,579,955
<br />16,995,584
<br />18,731,886
<br />20,242,902
<br />21,360,671
<br />22,353,035
<br />23,195,568
<br />24,164,810
<br />25,087,242
<br />26,056,725
<br />27,236,000
<br />Unfunded Pension Liability
<br />156,379,428
<br />157,047,961
<br />156,485,762
<br />154,791,110
<br />152,297,970
<br />148,995,224
<br />145,077,283
<br />140,490,529
<br />135,271,893
<br />129,273,999
<br />122,430,914
<br />Pension Funded %
<br />63%
<br />64%
<br />66%
<br />66%
<br />68%
<br />68%
<br />70%
<br />71%
<br />72%
<br />74%
<br />81%
<br />City Pension Contibution Cost as % of General Fund Expenditures
<br />10.54%1
<br />11.46%1
<br />12.58%1
<br />13.08%1
<br />13.37%1
<br />13.44%1
<br />13.28%1
<br />13.30%
<br />13.28%1
<br />13.26%1
<br />13.86%
<br />City Pension Contibution Cost as % of Covered Payroll 1
<br />53.37%
<br />57.62%
<br />61.80%
<br />65.00%
<br />66.76%
<br />67.99%
<br />68.66%
<br />69.62%
<br />70.34%
<br />71.10%
<br />72.33%
<br />263
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