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COUNTY OF ADAMS REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF CHANGES IN THE COUNTY'S NET PENSION LIABILITY/(ASSET) AND RELATED RATIOS LAST 10 YEARS
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2015201620172018201920202021202220232024
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$ 3,888,478$ 4,043,839$ 4,155,140
Interest4,007,9914,176,7044,283,3114,410,4344,654,6714,782,4535,114,2875,381,5145,634,5355,815,865
Changes of Benefit Terms---533,139-542,663210,931--1,103,187
Differences Between Expected and Actual Experience(1,698,093)-(1,984,717)-(1,515,188)1,382,562--(1,370,413)-
Changes of Assumptions1,220,5681,708,124-------(2,294,135)
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)(4,094,337)(5,134,454)(4,775,483)
Net Change in Total Pension Liability3,395,6585,257,3482,259,5495,112,9472,159,5006,282,8814,824,7285,175,6553,173,5074,004,574
Total Pension Liability - beginning71,475,89374,871,55180,128,89982,388,44887,501,39589,660,89595,943,776100,768,504105,944,159109,117,666
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$ 105,944,159$ 109,117,666$ 113,122,240
Plan Fiduciary Net Position
Contributions - Employer$ 1,312,841$ 1,661,282$ 1,636,929$ 1,604,926$ 1,758,867$ 1,780,096$ 1,780,896$ 1,782,909$ 1,791,921$ 2,029,092
Contributions - Member1,317,5451,310,5291,382,5621,496,9441,568,1561,604,3521,749,7341,799,4441,884,2841,924,157
Net Investment Income(122,224)5,829,77012,917,896(4,317,246)16,494,73813,510,85714,181,481(15,589,170)11,597,03611,127,899
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)(4,094,337)(5,134,454)(4,775,483)
Administrative Expense(178,964)(213,028)(202,792)(207,460)(178,689)(229,654)(311,776)(307,458)(336,943)(339,083)
Net Change in Plan Fiduciary Net Position(779,410)5,145,37312,654,465(4,429,825)15,257,03412,821,83913,251,983(16,408,612)9,801,8449,966,582
Plan Fiduciary Net Position - beginning69,548,44768,769,03773,914,41086,568,87582,139,05097,396,084110,217,923123,469,906107,061,294116,863,138
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$ 107,061,294$ 116,863,138$ 126,829,720
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)$ (1,117,135)$ (7,745,472)$ (13,707,480)
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%101.05%107.10%112.12%
Covered Payroll$ 20,512,956$ 20,221,404$ 20,957,087$ 22,555,349$ 23,507,330$ 23,816,856$ 24,905,998$ 25,679,922$ 26,804,675$ 27,552,842
County's Net Pension Liability as a Percentage of Covered Payroll29.75%30.73%-19.95%23.77%-32.91%-59.93%-91.15%-4.35%-28.90%-49.75%