COG Comprehensive Annual Financial Report

Schedule 1

Schedule of Changes in Net Pension Liability and Related Ratios Law Enforcement Officers' Special Separation Allowance (LEOSSA) Pension Benefit Trust Required Supplementary Information Fiscal Year Ending June 30, 2018 and 2017

2017

2018

Total Pension Liability: Service cost

1,073,888 1,120,959

$

957,868

$

Interest

1,239,173

Difference between expected and actual experience

- (994,754)

871,112

Changes of assumptions and other inputs

-

(2,546,004) (1,345,911) 32,672,426 31,326,515 8,796,931 67,929 (2,546,004) (1,596) 6,317,260 - 6,317,260 25,009,255

Benefit payments

(2,610,122)

Net Change in Total Pension Liability Total Pension Liability - Beginning Total Pension Liability -Ending (a)

458,031

31,326,515 31,784,546

$

$

Plan Fiduciary Net Position: Contributions - employer

$

$

2,551,831

Net investment income

482,845

Benefit payments

(2,610,122)

Administrative expense

(3,191)

Net Change in Plan Fiduciary Net Position Plan Fiduciary Net Position - Beginning Plan Fiduciary Net Position - Ending (b) Net Pension Liability - Ending (a) - (b)

421,363

6,317,260 6,738,623 25,045,923

$

$

Ratio of plan fiduciary net position to total pension liability

21.20%

20.17% 38,648,789

$

38,475,970

$

Covered payroll

Net pension liability as a percentage of covered payroll

65.09%

64.71%

All years for which information is available are presented.

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