Proportionate
<br />Share of the
<br />City’s Net Pension
<br />Proportionate Liability and City’s
<br />Share of the the City’s Proportionate Plan Fiduciary
<br />State of Share of the Share of the Net Position
<br />City’s City’s Minnesota’s State of Net Pension as a
<br />PERA Fiscal Proportion Proportionate Proportionate Minnesota’s Liability as a Percentage
<br />Year-End Date of the Net Share of the Share of the Share of the City’s Percentage of of the Total
<br />(Measurement Pension Net Pension Net Pension Net Pension Covered Covered Pension
<br />Date)Liability Liability Liability Liability Payroll Payroll Liability
<br />06/30/2015 0.0283% 1,466,653$ –$ 1,466,653$ 1,662,826$ 88.20%78.20%
<br />06/30/2016 0.0267% 2,167,909$ 28,367$ 2,196,276$ 1,669,147$ 129.88%68.90%
<br />06/30/2017 0.0230% 1,468,305$ 18,435$ 1,486,740$ 1,479,483$ 99.24%75.90%
<br />06/30/2018 0.0218% 1,209,375$ 39,819$ 1,249,194$ 1,467,987$ 82.38%79.50%
<br />06/30/2019 0.0218% 1,205,274$ 37,332$ 1,242,606$ 1,540,669$ 78.23%80.20%
<br />Contributions Contributions
<br />in Relation to as a
<br />Statutorily the Statutorily Contribution Percentage
<br />Required Required Deficiency Covered of Covered
<br />Contributions Contributions (Excess)Payroll Payroll
<br />129,774$ 129,774$ –$ 1,731,651$ 7.49%
<br />115,814$ 115,814$ –$ 1,553,950$ 7.45%
<br />106,513$ 106,513$ –$ 1,420,174$ 7.50%
<br />111,628$ 111,628$ –$ 1,488,376$ 7.50%
<br />121,063$ 121,063$ –$ 1,614,175$ 7.50%
<br />Note:
<br />Year Ended December 31, 2019
<br />12/31/2017
<br />The City implemented GASB Statement No.68 in fiscal 2015 (using a June 30,2015 measurement date).This schedule is intended to present
<br />10-year trend information. Additional years will be added as they become available.
<br />Year-End Date
<br />City Fiscal
<br />12/31/2016
<br />12/31/2015
<br />12/31/2018
<br />12/31/2019
<br />CITY OF ARDEN HILLS
<br />PERA – General Employees Retirement Fund
<br />Schedule of City’s and Nonemployer Proportionate Share of Net Pension Liability
<br />PERA – General Employees Retirement Fund
<br />Schedule of City Contributions
<br />Year-End Date
<br />City Fiscal
<br />12/31/2016
<br />12/31/2015
<br />Year Ended December 31, 2019
<br />12/31/2017
<br />12/31/2018
<br />12/31/2019
<br />-46-
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