|
6.C. - Page 129 of 196
<br />NOTE 2 — DEFINED BENEFIT PENSION PLANS
<br />A. Schedule ojChonges in Net Pension Liability and Related Ratios During the Measurement Period
<br />Miscellaneous Plan
<br />Measurement Period
<br />TOTAL PENSION LIABILITY
<br />Service Cost
<br />Interest
<br />Difference Between Expected and Actual Experience
<br />Changes of Assumptions
<br />Benefit Payments, Including Refunds of Employee Contributions
<br />Net Change in Total Pension Liability
<br />Total Pension Liability - Beginning
<br />Total Pension Liability - Ending (a)
<br />PLAN FIDUCIARY NET POSITION
<br />Contributions - Employer
<br />Contributions - Employee
<br />Net Investment Income
<br />Benefit Payments, Including Refunds of Employee Contributions
<br />Other Changes in Fiduciary Net Position
<br />Administrative Expense
<br />Other Miscellaneous Income/(Expense) (1)
<br />Net Change in Fiduciary Net Position
<br />Plan Fiduciary Net Position - Beginning (2)
<br />Plan Fiduciary Net Position - Ending (b)
<br />Plan Net Position Liability/(Asset) - Ending (a) - (b)
<br />Plan Fiduciary Net Position as a Percentage of the Total Pension Liability
<br />Covered Payroll (3)
<br />201849
<br />2017-18
<br />2016-17
<br />2015-16
<br />2014-15
<br />2013-14
<br />$ 6,198,689
<br />$ 6,312,633
<br />$ 5,947,899
<br />$ 4,988,704
<br />$ 4,787,766
<br />$ 4,962,237
<br />23,887,592
<br />22,736,338
<br />21,786,870
<br />20,902,896
<br />19,792,491
<br />18,925,939
<br />2,022,316
<br />1,635,445
<br />275,278
<br />2,720,291
<br />(546,244)
<br />-
<br />-
<br />(2,534,753)
<br />18,027,744
<br />-
<br />(4,797,291)
<br />-
<br />(15,604,216)
<br />(14,221,495)
<br />(13,255,651)
<br />(13,150,802)
<br />(12,621,036)
<br />(11,534,695)
<br />16,504,381
<br />13,928,168
<br />32,782,140
<br />15,461,089
<br />6,615,686
<br />12,353,481
<br />336 772,640
<br />322,844,472
<br />290,062 332
<br />274,601,243
<br />267,985,557
<br />255,632,076
<br />S 353,277,021
<br />S 336,772,640
<br />$ 322,844,472
<br />$ 290,062,332
<br />S 274,601,243
<br />$ 267,985,557
<br />$ 10,318,071 $ 9,451,153 $ 8,428,180 $ 7,063,347 $ 6,882,313 $ 6,449,302
<br />2,676,853 2,789,791 2,778,380 2,605,290 2,372,657 2,592,457
<br />15,241,419 18,389,970 22,220,866 1,020,359 4,413,116 29,955,563
<br />(15,604,216) (14,221,495) (13,255,651) (13,150,802) (12,621,036) (11,534,695)
<br />(336,712) (295,555) (112,373) (205,162) -
<br />(164,968) - - - - -
<br />536 (638,404)
<br />12,467,695 15,434,303 19,876,220 (2,574,179) 841,888 27,462,627
<br />231,170,219 215,735,916 195,859,694 198,433,873 197,591,985 170,129,358
<br />$ 243,637,914 $ 231,170,219 $ 215,735,914 $ 195,859,694 $ 198,433,873 $ 197,591,985
<br />$ 109,639,107 $ 105,602,421 $ 107,108,558 $ 94,202,638 $ 76,167,370 $ 70,393,572
<br />68.97% 68.64% 66.82% 67.52% 72.26% 73.73%
<br />$ 36,047,273 $ 33,401,807 $ 34,756,799 $ 31,484,407 $ 28,944,841 $ 28,592,551
<br />Plan Net Pension Liability/(Asset) as a Percentage of Covered Payroll 304.15% 316.16% 308.17% 299.20% 263.15% 246.20%
<br />(1) During Fiscal Year 2017-18, as a result of Governmental Accounting Standards Board Statement (GASB) No. 75, Accounting and Financial Reporting for
<br />Postemployment Benefit Plans Other than Pensions (GASB 75), Ca1PERS reported its proportionate share of activity related to postemployment benefits for
<br />participation in the State of California's agent OPEB plan. Accordingly, Ca1PERS recorded a one-time expense as a result of the adoption of GASB 75.
<br />Additionally, Ca1PERS employees participate in various State of California agent pension plans and during Fiscal Year 2017-18, CalPERS recorded a correction
<br />to previously reported financial statements to properly reflect its proportionate share of activity related to pensions in accordance with GASB Statement No. 68,
<br />Accounting and Financial Reporting for Pensions (GASB 68).
<br />(2) Includes beginning ofyear adjustment.
<br />(3) Includes one year's payroll growth using 2.75 percent payroll growth assumption for fiscal years ended June 30, 2018-19; 3.00 percent payroll growth
<br />assumption for fiscal years ended June 30, 2014-17.
<br />97 216
<br />
|