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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.