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CITY OF ROSEVILLE, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2021 Benefit increases are provided to benefit recipients each January. Beginning in 2019, the postretirement increase will be fixed at 1%. Recipients that have been receiving the annuity or benefit for at least 36 months as of the June 30 before the effective date of the increase will receive the full increase. For recipients receiving the annuity or benefit for at least 25 months but less than 36 months as of the June 30 before the effective date of the increase will receive a reduced prorated increase. C. Contributions Minnesota Statutes Chapter 353 sets the rates for employer and employee contributions. Contribution rates can only be modified by the state Legislature. 1.GERF Contributions Coordinated Plan members were required to contribute 6.5% of their annual covered salary in fiscal year 2021and the City was required to contribute 7.5% for Coordinated Plan members. 1were $831,049. 2.PEPFF Contributions Police and Fire members were required to contribute11.8%of their annual covered salary in fiscal year 2021andthe City was required to contribute 17.70% For PEPFF members.The 1were $1,265,887. D. Pension Costs 1.GERF Pension Costs At December 31, 2021, the City reported a liability of $6,226,313 for its proportionate share of dered a non- associated with the City totaled $190,072. The net pension liability was measured as of June 30, 2021, and the total pension liability used to calculate the net pension liability was pension liability was based on the measurement period for employer payroll paid dates from July 1, 2020 through June 30, rtionate share was 0.1458% at the end of the measurement period and 0.1512% for the beginning of the period. $6,226,313 pension liability associated with the City190,072 Total$6,416,385 65