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6.C. - Page 102 of 196
<br />CITY OF REDWOOD CITY
<br />NOTES TO THE BASIC FINANCIAL STATEMENTS
<br />For the Fiscal Year Ended June 30, 2020
<br />NOTE 9 — EMPLOYEE BENEFITS (CONTINUED)
<br />A. Pension Plan, Continued
<br />Changes in the Net Pension Liability:
<br />The changes in the Net Pension Liability for each Plan follow:
<br />Miscellaneous Plan:
<br />Balance at June 30, 2018 (Measurement Date)
<br />Changes in the year:
<br />Service cost
<br />Interest on the total pension liability
<br />Differences between actual and expected
<br />experience
<br />Changes in assumptions
<br />Changes in benefit terms
<br />Net Plan to Plan Resource Movement
<br />Contribution - employer
<br />Contribution - employees
<br />Net investment income
<br />Administrative expenses
<br />Benefit payments , including refunds of
<br />employee contributions
<br />Other Miscellaneous Income/(expense)
<br />Net changes
<br />Balance at June 30, 2019 (Measurement Date)
<br />Increase (Decrease)
<br />Total Pension Plan Fiduciary Net Pension
<br />Liability Net Position Liability/(Asset)
<br />$ 336,772,640 $ 231,170,219 $ 105,602,421
<br />6,198,689 - 6,198,689
<br />23,887,592 - 23,887,592
<br />2,022,316 - 2,022,316
<br />- 10,318,071
<br />(10,318,071)
<br />- 2,676,853
<br />(2,676,853)
<br />- 15,241,419
<br />(15,241,419)
<br />- (164,968)
<br />164,968
<br />(15,604,216) (15,604,216)
<br />-
<br />- 536
<br />(536)
<br />16,504,381 12,467,695
<br />4,036,686
<br />$ 353,277,021 $ 243,637,914
<br />$ 109,639,107
<br />Fro
<br />MIR
<br />
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