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City of Orono, Minnesota
<br />Required Supplementary Information
<br />For the Year Ended December 31, 2020
<br />
<br />Schedule of Employer’s Share of PERA Net Pension Liability - General Employees Fund
<br />
<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 />06/30/20 0.0272 %1,630,764$ 50,397$ 1,681,161$ 1,942,203$ 84.0 %79.0 %
<br />06/30/19 0.0267 1,476,182 45,831 1,522,013 1,823,839 80.9 80.2
<br />06/30/18 0.0256 1,420,183 - 1,420,183 1,679,073 84.6 79.5
<br />06/30/17 0.0254 1,621,519 - 1,621,519 1,623,207 99.9 75.9
<br />06/30/16 0.0259 2,102,952 - 2,102,952 1,570,420 133.9 68.9
<br />06/30/15 0.0265 1,373,368 - 1,373,368 766,147 179.3 78.2
<br />City's
<br />City's
<br />Liability as a
<br />Percentage of
<br />Proportionate
<br />Share of the
<br />Net Pension
<br />Plan Fiduciary
<br />the Net Pension of the Total
<br />Liability Pension Liability
<br />Net Position
<br />Proportion of as a Percentage
<br />Payroll
<br />(a/c)
<br />Covered
<br />Note: Schedule is intended to show 10-year trend. Additional years will be reported as they become available.
<br />
<br />Schedule of Employer’s PERA Contributions - General Employees Fund
<br />
<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 />12/31/20 152,742$ 152,742$ -$ 2,036,563$ 7.50 %
<br />12/31/19 144,815 144,815 - 1,930,863 7.50
<br />12/31/18 129,021 129,021 - 1,720,280 7.50
<br />12/31/17 122,479 122,479 - 1,633,053 7.50
<br />12/31/16 122,115 122,115 - 1,628,200 7.50
<br />12/31/15 119,404 119,404 - 1,592,053 7.50
<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.
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