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06-27-2016 Council Packet
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06-27-2016 Council Packet
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12/16/2016 9:39:09 AM
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CITY OF ORONO <br />PERA SCHEDULE OF CITY CONTRIBUTIONS <br />DECEMBER 31, 2015 <br /> <br /> <br /> <br /> <br />(59) <br /> <br />GERF Schedule of City Contributions <br />Last Two Fiscal Years <br />2015 2014 <br />Statutorily Required Contribution 123,284$ 112,270$ <br />Contributions in Relation to the Statutorily Required Contribution (123,284) (112,270) <br />Contribution Deficiency (Excess) -$ -$ <br />City’s Covered-Employee Payroll 1,643,787$ 1,548,552$ <br />Contributions as a Percentage of Covered Employee Payroll 7.50% 7.25% <br /> <br />PEPFF Schedule of City Contributions <br />Last Two Fiscal Years <br />2015 2014 <br />Statutorily Required Contribution 342,006$ 324,565$ <br />Contributions in Relation to the Statutorily Required Contribution (342,006) (324,565) <br />Contribution Deficiency (Excess) -$ -$ <br />City’s Covered-Employee Payroll 2,111,148$ 2,003,488$ <br />Contributions as a Percentage of Covered Employee Payroll 16.20% 16.20%
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