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SCHEDULE OF THE DISTRICT’S PROPORTIONATE SHARE OF THE NET PENSION LIABILITY - FLORIDA RETIREMENT SYSTEM (FRS) DEFINED BENEFIT PENSION PLAN
2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015* |
0.7820% | 0.7919% | 0.8076% | 0.8409% | 0.8303% | 0.8708% | 0.8829% |
$ 338,915,471 | $ 272,713,359 | $ 243,252,367 | $ 248,722,397 | $ 209,652,102 | $ 112,469,821 | $ 53,867,811 |
389,289,307 | 374,216,416 | 367,437,906 | 371,320,922 | 357,548,640 | 343,998,370 | 294,102,035 |
87.06% | 72.88% | 66.20% | 66.98% | 58.64% | 32.69% | 18.32% |
78.85% | 82.61% | 84.26% | 83.89% | 84.88% | 92.00% | 96.09% |
June 30, 2020 | June 30, 2019 | June 30, 2018 | June 30, 2017 | June 30, 2016 | June 30, 2015 | June 30, 2014 |
District's proportion of the net pension liability
District's proportionate share of the net pension liability District's covered payroll
District's proportionate share of the net pension liability
as a percentage of its covered-employee payroll
Plan fiduciary net position as a percentage of the total pension liability
Plan Sponsor Measurement Date
Notes to Schedule:
The District implemented GASB Statement No. 68 for the fiscal year ended June 30, 2015, including a restatement as of June 30, 2014. Information for prior years is not available.
Changes of Assumptions: The long-term expected rate of return used to determine total pension liability decreased from 6.9 percent to 6.8 percent.
* Starting with fiscal year ended June 30, 2016, the covered payroll shown includes the payroll for Investment members. Thus, the Investment Plan covered payroll is excluded from the 2015 column.