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City of Orono, Minnesota
<br />Required Supplementary Information
<br />For the Year Ended December 31, 2019
<br />Schedule of Employer’s Share of PERA Net Pension Liability - General Employees Fund
<br />State's
<br />Proportionate
<br />City's Share of
<br />Proportionate the Net Pension
<br />Share of Liability City's
<br />Fiscal the Net Pension Associated with Covered
<br />Year Liability the City Total Payroll
<br />Ending (a) (b) (a+b) (c)
<br />06/30/19 0.0267 % 1,476,182$ 45,831$ 1,522,013$ 1,823,839$ 83.5 % 80.2 %
<br />06/30/18 0.0256 1,420,183 - 1,420,183 1,726,285 82.3 79.5
<br />06/30/17 0.0254 1,621,519 - 1,621,519 1,639,281 98.9 75.9
<br />06/30/16 0.0259 2,102,952 - 2,102,952 1,615,476 130.2 68.9
<br />06/30/15 0.0265 1,373,368 - 1,373,368 1,572,141 87.4 78.2
<br />Plan Fiduciary
<br />of the Total
<br />Pension Liability
<br />Net Position
<br />as a Percentage
<br />Payroll
<br />((a+b)/c)
<br />Covered
<br />City's
<br />City's Proportion
<br />of the
<br />Net Pension
<br />Liability
<br />Liability as a
<br />Percentage of
<br />Proportionate
<br />Share of the
<br />Net Pension
<br />Note: Schedule is intended to show 10-year trend. Additional years will be reported as they become available.
<br />Schedule of Employer’s PERA Contributions - General Employees Fund
<br />Contributions in
<br />Relation to the
<br />Statutorily Statutorily Contribution City's
<br />Required Required Deficiency Covered
<br />Year Contribution Contribution (Excess) Payroll
<br />Ending (a) (b) (a-b) (c)
<br />12/31/18 144,815$ 144,815$ -$ 1,930,863$ 7.5 %
<br />12/31/18 129,021 129,021 - 1,720,280 7.5
<br />12/31/17 122,479 122,479 - 1,633,053 7.5
<br />12/31/16 122,115 122,115 - 1,628,200 7.5
<br />12/31/15 119,404 119,404 - 1,592,053 7.5
<br />(b/c)
<br />a Percentage of
<br />Payroll
<br />Covered
<br />Contributions as
<br />Note: Schedule is intended to show 10-year trend. Additional years will be reported as they become available.
<br />Contributions in
<br />Relation to theRelation to the
<br />Statutorily Statutorily ContributionStatutorily Statutorily Contribution City'sCity's
<br />Required Required Deficiency CoveredRequired Required Deficiency Covered
<br />Contribution ContributionContribution Contribution (Excess)(Excess)PayrollPayroll
<br />(a)(a)(b)((a-a-b)b)(c)(c)
<br />144,815144,815$$144,815144,815$$-$$1,930,8631,930,863$
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