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City of Orono, Minnesota
<br />Required Supplementary Information (Continued)
<br />For the Year Ended December 31, 2019
<br />Schedule of Employer’s Share of PERA Net Pension Liability - Public Employees Police and Fire 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 PensionAssociated with Covered
<br />Year Liability the City Total Payroll
<br />Ending (a) (b) (a+b) (c)
<br />06/30/19 0.2257 % 2,402,804$ -$ 2,402,804$ 2,309,629$ 104.0 % 89.3 %
<br />06/30/18 0.2170 2,312,996 - 2,312,996 2,282,909 101.3 88.8
<br />06/30/17 0.2130 2,875,753 - 2,875,753 2,186,712 131.5 85.4
<br />06/30/16 0.2180 8,748,719 - 8,748,719 2,107,585 415.1 63.9
<br />06/30/15 0.2310 2,624,701 - 2,624,701 2,138,417 122.7 86.6
<br />the Net Pension Payroll of the Total
<br />Liability ((a+b)/c)Pension Liability
<br />City's Percentage of Net Position
<br />Proportion of Covered as a Percentage
<br />Liability as a Plan Fiduciary
<br />City's
<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 - Public Employees Police and Fire 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 />12/31/19 411,298$ 411,298$ -$ 2,426,539$ 16.95 %
<br />12/31/18 370,490 370,490 - 2,286,975 16.20
<br />12/31/17 358,655 358,655 - 2,213,920 16.20
<br />12/31/16 349,003 349,003 - 2,154,340 16.20
<br />12/31/15 342,006 342,006 - 2,111,148 16.20
<br />(b/c)
<br />Contributions as
<br />a Percentage of
<br />Payroll
<br />Covered
<br />Note: Schedule is intended to show 10-year trend. Additional years will be reported as they become available.
<br />PPERAERA Contributions Contributions - Public Employees Police and Fire FundPublic Employees Police and Fire Fund
<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 ((EExcess)xcess)PayrollPayroll
<br />(a)(a)(b)(a-b)(a-b)(c)(c)
<br />411,298$411,298$$$2,426,539$
<br />90
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