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City of Orono, Minnesota
<br />Required Supplementary Information (Continued)
<br />For the Year Ended December 31, 2022
<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 Pension Associated with Covered
<br />Year Liability the City Total Payroll
<br />Ending (a)(b)(a+b)(c)
<br />06/30/22 0.2234 % 9,721,486$ 424,580$ 10,146,066$ 2,713,224$ 358.3 % 70.5 %
<br />06/30/21 0.2136 1,648,766 74,123 1,722,889 2,524,268 65.3 93.7
<br />06/30/20 0.2173 2,864,247 - 2,864,247 2,453,352 116.7 87.2
<br />06/30/19 0.2257 2,402,804 - 2,402,804 2,363,617 101.7 89.3
<br />06/30/18 0.2170 2,312,996 - 2,312,996 2,237,340 103.4 88.8
<br />06/30/17 0.2130 2,875,753 - 2,875,753 2,144,407 134.1 85.4
<br />06/30/16 0.2180 8,748,719 - 8,748,719 2,078,460 420.9 63.9
<br />the Net Pension Payroll of the Total
<br />Liability (a/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 />12/31/22 460,205$ 460,205$ -$ 2,600,029$ 17.70 %
<br />12/31/21 462,202 462,202 - 2,611,311 17.70
<br />12/31/20 455,708 455,708 - 2,574,623 17.70
<br />12/31/19 411,298 411,298 - 2,538,879 16.20
<br />12/31/18 370,490 370,490 - 2,286,975 16.20
<br />12/31/17 358,655 358,655 - 2,187,704 16.20
<br />12/31/16 340,380 340,380 - 2,101,111 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.
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