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6.C. - Page 130 of 196
<br />NOTE 2 — DEFINED BENEFIT PENSION PLANS, CONTINUED
<br />A. Schedule of Changes in Net Pension Liability and Related Ratios During the Measurement Period, Continued
<br />Safety Plan
<br />Measurement Period (1)
<br />TOTAL PENSION LIABILITY
<br />Service Cost
<br />Interest
<br />Changes of Benefit Terms
<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 Expenses
<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 />2018-19 2017-18 2016-17 2015-16 2014-15 2013-14
<br />$ 8,897,078 $ 8,929,972 $ 8,853,629 $ 7,609,467 $ 7,620,719 $ 6,630,333
<br />27,912,442 26,705,230 25,379,781 24,274,395 22,992,406 21,880,004
<br />876,561 4,400,726 1,130,542 2,056,832 210,529 -
<br />- (1,516,741) 21,432,755 - (5,686,859) -
<br />(20,068,009) (19,154,486) (18,081,124) (16,758,122) (15,054,516) (14,361,985)
<br />17,618,072 19,364,701 38,715,583 17,182,572 10,082,279 14,148,352
<br />395,092,700 375,727,999 337,012,416 319,829,844 309,747,565 295,599,213
<br />$ 412,710,772 $ 395,092,700 $ 375,727,999 $ 337,012,416 $ 319,829,844 $ 309,747,565
<br />$ 13,102,513 $ 12,005,986 $ 11,975,338 $ 11,288,655 $ 9,993,967 $ 7,791,669
<br />3,252,531 3,179,855 2,916,109 2,375,511 2,420,787 2,230,065
<br />16,595,731 20,046,903 24,645,186 1,179,363 4,953,411 32,968,535
<br />(20,068,009) (19,154,486) (18,081,124) (16,758,122) (15,054,516) (14,361,985)
<br />(370,299) (210,549) (132,896) (245,450) -
<br />(180,021) - - - - -
<br />586 (702,091)
<br />12,703,331 15,005,868 21,244,960 (2,047,489) 2,068,199 28,628,284
<br />252,263,691 237,257,823 216,012,863 218,060,352 215,992,153 187,363,869
<br />$ 264,967,022 $ 252,263,691 $ 237,257,823 $ 216,012,863 $ 218,060,352 $ 215,992,153
<br />$ 147,743,750 $ 142,829,009 $ 138,470,176 $ 120,999,553 $ 101,769,492 $ 93,755,412
<br />64.20% 63.85% 63.15% 64.10% 68.18% 69.73%
<br />$ 27,939,573 $ 27,442,920 $ 27,341,479 $ 25,867,584 $ 25,330,626 $ 21,679,799
<br />Plan Net Pension Liability/(Asset) as a Percentage of Covered Payroll 528.80% 520.46% 506.45% 467.77% 401.76% 432.46%
<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, CaIPERS 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, Ca1PERS 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 of year 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 />98 217
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