CAFR 2017

Schedule 8

Local Governmental Employees' Retirement System Required Supplementary Information Last Four Fiscal Years *

Employer's Proportionate Share of Net Pension Liability (Asset)

2017

2016

2015

2014

Greensboro's proportion of net pension liability (asset) (%)

2.56%

2.71%

2.71%

2.65%

Greensboro's proportion of net pension liability (asset) ($)

$54,381,226

$12,141,673

($15,959,838)

$32,000,534

Greensboro's covered-employee payroll

$153,474,783

$150,875,082

$147,235,355

$146,821,293

Greensboro's proportion of net pension liability (asset) as a

35.4%

8.0%

(10.84%)

21.8%

percentage of its covered-employee payroll

Plan fiduciary net position as a percentage of the total

91.47%

98.09%

102.64%

94.35%

pension liability

Employer Contributions

2017

2016

2015

2014

Contractually required contribution

$10,760,050

$10,185,674

$10,414,334

$10,100,894

Contributions in relation to the contractually required contribution

$10,760,050

$10,185,674

$10,414,334

$10,100,894

Contribution deficiency (excess)

$ -

$ -

$ -

$ -

Greensboro's covered-employee payroll

$157,689,561

$153,474,783

$150,875,082

$147,235,355

Contributions as a percentage of covered employee

6.82%

6.64%

6.90%

6.90%

payroll

* The amounts presented for each fiscal year were determined as of the prior fiscal year ending June 30.

-46-