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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
| * | * | * | * | * | * | * | * | * | * | * | |
| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | ||
| 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 | |
| Interest | 4,007,991 | 4,176,704 | 4,283,311 | 4,410,434 | 4,654,671 | 4,782,453 | 5,114,287 | 5,381,514 | 5,634,535 | 5,815,865 | |
| Changes of Benefit Terms | - | - | - | 533,139 | - | 542,663 | 210,931 | - | - | 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 Assumptions | 1,220,568 | 1,708,124 | - | - | - | - | - | - | - | (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 Liability | 3,395,658 | 5,257,348 | 2,259,549 | 5,112,947 | 2,159,500 | 6,282,881 | 4,824,728 | 5,175,655 | 3,173,507 | 4,004,574 | |
| 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 | 100,768,504 | 105,944,159 | 109,117,666 | |
| 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 - Member | 1,317,545 | 1,310,529 | 1,382,562 | 1,496,944 | 1,568,156 | 1,604,352 | 1,749,734 | 1,799,444 | 1,884,284 | 1,924,157 | |
| Net Investment Income | (122,224) | 5,829,770 | 12,917,896 | (4,317,246) | 16,494,738 | 13,510,857 | 14,181,481 | (15,589,170) | 11,597,036 | 11,127,899 | |
| 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) | 5,145,373 | 12,654,465 | (4,429,825) | 15,257,034 | 12,821,839 | 13,251,983 | (16,408,612) | 9,801,844 | 9,966,582 | |
| 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 | 123,469,906 | 107,061,294 | 116,863,138 | |
| 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 Payroll | 29.75% | 30.73% | -19.95% | 23.77% | -32.91% | -59.93% | -91.15% | -4.35% | -28.90% | -49.75% |