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CITY OF PLEASANTON
<br />REQUIRED SUPPLEMENTARY INFORMATION
<br />FOR THE YEAR ENDED JUNE 30, 2022
<br />Measurement Period 2015 2016 2017 2018
<br />Measurement Date June 30, 2014 June 30, 2015 June 30, 2016 June 30, 2017
<br />Total Pension Liability
<br />4,784,381$ 4,620,237$ 4,642,360$ 5,161,399$
<br /> 16,162,509 16,848,783 17,579,426 18,145,556
<br />-(4,043,655)-14,750,758
<br />-(1,853,569)(600,717)(892,842)
<br />(9,911,617) (10,532,758) (12,124,179) (12,579,145)
<br />Net change in total pension liability 11,035,273 5,039,038 9,496,890 24,585,726
<br />Total Pension Liability-beginning 218,063,744 229,099,017 234,138,055 243,634,945
<br />Total Pension Liability-ending (a)229,099,017$ 234,138,055$ 243,634,945$ 268,220,671$
<br />Plan Fiduciary Net Position
<br />6,912,621$ 12,476,826$ 7,313,803$ 6,881,221$
<br /> 1,956,863 1,936,755 1,841,400 2,201,929
<br />23,466,228 3,697,901 995,694 18,392,392
<br />----
<br />(9,911,617) (10,532,758) (12,124,179) (12,579,145)
<br />-47 - -
<br />-(185,591)(100,483)(240,366)
<br />Net change in plan fiduciary net position 22,424,095 7,393,180 (2,073,765) 14,656,031
<br />Plan Fiduciary Net Position-beginning 135,058,277 157,482,372 164,875,552 162,801,787
<br />Plan Fiduciary Net Position-ending (b)157,482,372$ 164,875,552$ 162,801,787$ 177,457,818$
<br />Net pension liability-ending (a) - (b)71,616,645$ 69,262,503$ 80,833,158$ 90,762,853$
<br />Plan fiduciary net position as a percentage of the total pension liability 68.74% 70.42% 66.82% 66.16%
<br />Covered payroll 24,742,104$ 25,009,403$ 25,673,931$ 25,556,540$
<br />Net pension liability as a percentage of covered payroll 289.45%276.95%314.85%355.15%
<br />Changes of Assumptions
<br /> Accounting Discount Rate 7.50%7.65%7.65%7.15%
<br />Demographic and
<br />inflation rate were
<br />changed
<br />Notes to Schedule:
<br />**Historical information is required only for measurement periods for which GASB 68 is applicable. Fiscal Year 2015 was the first year of implementation, therefore only
<br />eight years are shown.
<br />Last 10 Years**
<br />Agent Multiple-Employer Defined Benefit Pension Plan
<br />Miscellaneous Plan
<br />Plan to plan resource movement
<br />Administrative expense
<br />Other miscellaneous income
<br />Contributions-employer
<br />Contributions-employee
<br />Net investment income
<br />Benefit payments
<br />Schedule of Changes in the Net Pension Liability and Related Ratios
<br />Differences between expected and actual experience
<br />Changes in assumptions
<br />Benefit payments, including refunds of employee contributions
<br />Service cost
<br />Interest on total pension liability
<br />Benefit Changes: The figures above include any liability impact that may have resulted from voluntary benefit changes that occurred on or before the Measurement Date.
<br />However, offers of Two Years Additional Service Credit (a.k.a. Golden Handshakes) that occurred after the Measurement Date are not included in the figures above, unless
<br />the liability impact is deemed to be material by the plan actuary.
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