COUNTY OF ADAMS
REQUIRED SUPPLEMENTARY INFORMATION
SCHEDULE OF CHANGES IN THE COUNTY'S NET PENSION LIABILITY/(ASSET)
AND RELATED RATIOS
LAST 10 YEARS
| * | * | * | * | * | * | * |
|---|
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
|---|
| Total Pension Liability | | | | | | | |
|---|
| Service Costs | $ 2,973,800 | $ 2,815,700 | $ 3,041,085 | $ 3,176,363 | $ 3,406,055 | $ 3,419,015 | $ 3,647,862 |
|---|
| Interest | 4,007,991 | 4,176,704 | 4,283,311 | 4,410,434 | 4,654,671 | 4,782,453 | 5,114,287 |
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| Changes of Benefit Terms | - | - | - | 533,139 | - | 542,663 | 210,931 |
|---|
| Differences Between Expected and Actual Experience | (1,698,093) | - | (1,984,717) | - | (1,515,188) | 1,382,562 | - |
|---|
| Changes of Assumptions | 1,220,568 | 1,708,124 | - | - | - | - | - |
|---|
| Transfers | - | - | - | - | (26,297) | - | - |
|---|
| Benefit Payments, Including Refunds of Member Contributions | (3,108,608) | (3,443,180) | (3,080,130) | (3,006,989) | (4,359,741) | (3,843,812) | (4,148,352) |
|---|
| Net Change in Total Pension Liability | 3,395,658 | 5,257,348 | 2,259,549 | 5,112,947 | 2,159,500 | 6,282,881 | 4,824,728 |
|---|
| Total Pension Liability - beginning | 71,475,893 | 74,871,551 | 80,128,899 | 82,388,448 | 87,501,395 | 89,660,895 | 95,943,776 |
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| Total Pension Liability - ending (a) | $ 74,871,551 | $ 80,128,899 | $ 82,388,448 | $ 87,501,395 | $ 89,660,895 | $ 95,943,776 | $ 100,768,504 |
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| Plan Fiduciary Net Position | | | | | | | |
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| Contributions - Employer | $ 1,312,841 | $ 1,661,282 | $ 1,636,929 | $ 1,604,926 | $ 1,758,867 | $ 1,780,096 | $ 1,780,896 |
|---|
| Contributions - Member | 1,317,545 | 1,310,529 | 1,382,562 | 1,496,944 | 1,568,156 | 1,604,352 | 1,749,734 |
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| Net Investment Income | (122,224) | 5,829,770 | 12,917,896 | (4,317,246) | 16,494,738 | 13,510,857 | 14,181,481 |
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| Transfers | - | - | - | - | (26,297) | - | - |
|---|
| Benefit Payments, Including Refunds of Member Contributions | (3,108,608) | (3,443,180) | (3,080,130) | (3,006,989) | (4,359,741) | (3,843,812) | (4,148,352) |
|---|
| Administrative Expense | (178,964) | (213,028) | (202,792) | (207,460) | (178,689) | (229,654) | (311,776) |
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| Net Change in Plan Fiduciary Net Position | (779,410) | 5,145,373 | 12,654,465 | (4,429,825) | 15,257,034 | 12,821,839 | 13,251,983 |
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| Plan Fiduciary Net Position - beginning | 69,548,447 | 68,769,037 | 73,914,410 | 86,568,875 | 82,139,050 | 97,396,084 | 110,217,923 |
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| Plan Fiduciary Net Position - ending (b) | $ 68,769,037 | $ 73,914,410 | $ 86,568,875 | $ 82,139,050 | $ 97,396,084 | $ 110,217,923 | $ 123,469,906 |
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| County's Net Pension Liability/(Asset) - ending (a) - (b) | $ 6,102,514 | $ 6,214,489 | $ (4,180,427) | $ 5,362,345 | $ (7,735,189) | $ (14,274,147) | $ (22,701,402) |
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| Plan Fiduciary Net Position as a Percentage of the Total Pension Liability/(Asset) | 91.85% | 92.24% | 105.07% | 93.87% | 108.63% | 114.88% | 122.53% |
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| Covered Payroll | $ 20,512,956 | $ 20,221,404 | $ 20,957,087 | $ 22,555,349 | $ 23,507,330 | $ 23,816,856 | $ 24,905,998 |
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| County's Net Pension Liability as a Percentage of Covered Payroll | 29.75% | 30.73% | -19.95% | 23.77% | -32.91% | -59.93% | -91.15% |
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