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CITY OF ARDEN HILLS
<br />PERA — General Employees Retirement Fund
<br />Schedule of City's and Nonemployer Proportionate Share of Net Pension Liability
<br />Year Ended December 31, 2023
<br />Proportionate
<br />Share of the
<br />City's
<br />Net Pension
<br />Proportionate
<br />Liability and
<br />City's
<br />Share of the
<br />the City's
<br />Proportionate
<br />Plan Fiduciary
<br />State of
<br />Share of the
<br />Share of the
<br />Net Position
<br />City's
<br />City's
<br />Minnesota's
<br />State of
<br />Net Pension
<br />as a
<br />PERA Fiscal
<br />Proportion
<br />Proportionate
<br />Proportionate
<br />Minnesota's
<br />Liability as a
<br />Percentage
<br />Year -End Date
<br />of the Net
<br />Share of the
<br />Share of the
<br />Share of the
<br />City's Percentage of
<br />of the Total
<br />City Fiscal (Measurement
<br />Pension
<br />Net Pension
<br />Net Pension
<br />Net Pension
<br />Covered Covered
<br />Pension
<br />Year -End Date Date)
<br />Liability
<br />Liability
<br />Liability
<br />Liability
<br />Payroll Payroll
<br />Liability
<br />12/31/2015
<br />06/30/2015
<br />0.0283%
<br />$
<br />1,466,653
<br />$
<br />—
<br />$
<br />1,466,653
<br />$
<br />1,662,826
<br />88.20%
<br />78.20%
<br />12/31/2016
<br />06/30/2016
<br />0.0267%
<br />$
<br />2,167,909
<br />$
<br />28,367
<br />$
<br />2,196,276
<br />$
<br />1,669,147
<br />129.88%
<br />68.90%
<br />12/31/2017
<br />06/30/2017
<br />0.0230%
<br />$
<br />1,468,305
<br />$
<br />18,435
<br />$
<br />1,486,740
<br />$
<br />1,479,483
<br />99.24%
<br />75.90%
<br />12/31/2018
<br />06/30/2018
<br />0.0218%
<br />$
<br />1,209,375
<br />$
<br />39,819
<br />$
<br />1,249,194
<br />$
<br />1,467,987
<br />82.38%
<br />79.50%
<br />12/31/2019
<br />06/30/2019
<br />0.0218%
<br />$
<br />1,205,274
<br />$
<br />37,332
<br />$
<br />1,242,606
<br />$
<br />1,540,669
<br />78.23%
<br />80.20%
<br />12/31/2020
<br />06/30/2020
<br />0.0241%
<br />$
<br />1,444,905
<br />$
<br />44,478
<br />$
<br />1,489,383
<br />$
<br />1,715,236
<br />84.24%
<br />79.10%
<br />12/31/2021
<br />06/30/2021
<br />0.0244%
<br />$
<br />1,041,989
<br />$
<br />31,890
<br />$
<br />1,073,879
<br />$
<br />1,758,683
<br />59.25%
<br />87.00%
<br />12/31/2022
<br />06/30/2022
<br />0.0233%
<br />$
<br />1,845,368
<br />$
<br />53,913
<br />$
<br />1,899,281
<br />$
<br />1,741,886
<br />105.94%
<br />76.70%
<br />12/31/2023
<br />06/30/2023
<br />0.0252%
<br />$
<br />1,409,156
<br />$
<br />38,854
<br />$
<br />1,448,010
<br />$
<br />2,003,871
<br />70.32%
<br />83.10%
<br />PERA — General Employees Retirement Fund
<br />Schedule of City Contributions
<br />Year Ended December 31, 2023
<br />City Fiscal
<br />Year -End Date
<br />Statutorily
<br />Required
<br />Contributions
<br />Contributions
<br />in Relation to
<br />the Statutorily
<br />Required
<br />Contributions
<br />Contribution
<br />Deficiency
<br />(Excess)
<br />Covered
<br />Payroll
<br />Contributions
<br />as a
<br />Percentage
<br />of Covered
<br />Payroll
<br />12/31/2015
<br />$
<br />129,774
<br />$ 129,774
<br />$ —
<br />$
<br />1,730,320
<br />7.50%
<br />12/31/2016
<br />$
<br />115,814
<br />$ 115,814
<br />$ —
<br />$
<br />1,544,187
<br />7.50%
<br />12/31/2017
<br />$
<br />106,513
<br />$ 106,513
<br />$ —
<br />$
<br />1,420,174
<br />7.50%
<br />12/31/2018
<br />$
<br />111,628
<br />$ 111,628
<br />$ —
<br />$
<br />1,488,376
<br />7.50%
<br />12/31/2019
<br />$
<br />121,063
<br />$ 121,063
<br />$ —
<br />$
<br />1,614,175
<br />7.50%
<br />12/31/2020
<br />$
<br />134,798
<br />$ 134,798
<br />$ —
<br />$
<br />1,797,307
<br />7.50%
<br />12/31/2021
<br />$
<br />123,572
<br />$ 123,572
<br />$ —
<br />$
<br />1,647,630
<br />7.50%
<br />12/31/2022
<br />$
<br />143,623
<br />$ 143,623
<br />$ —
<br />$
<br />1,914,968
<br />7.50%
<br />12/31/2023
<br />$
<br />154,657
<br />$ 154,657
<br />$ —
<br />$
<br />2,062,098
<br />7.50%
<br />Note: 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.
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