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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 />3,647,581$ 3,440,755$ 3,675,812$ 4,380,642$
<br /> 13,303,540 13,761,314 14,305,583 14,640,730
<br />-(3,164,073)-11,484,814
<br />-(1,720,368)(250,882)(1,709,382)
<br />(9,192,267)(9,722,438)(10,185,743) (10,503,998)
<br />Net change in total pension liability 7,758,854 2,595,190 7,544,770 18,292,806
<br />Total Pension Liability-beginning 180,152,886 187,911,740 190,506,930 198,051,700
<br />Total Pension Liability-ending (a)187,911,740$ 190,506,930$ 198,051,700$ 216,344,506$
<br />Plan Fiduciary Net Position
<br />4,539,230$ 4,930,309$ 5,361,714$ 6,071,682$
<br /> 1,168,645 1,221,550 1,391,002 1,551,969
<br />19,743,524 2,855,434 671,305 14,098,740
<br />----
<br />(9,192,267)(9,722,438)(10,185,743) (10,503,998)
<br />-(285)--
<br />-(146,155)(79,149)(187,549)
<br />Net change in plan fiduciary net position 16,259,132 (861,585) (2,840,871)11,030,844
<br />Plan Fiduciary Net Position-beginning 114,471,993 130,731,125 129,869,540 127,028,669
<br />Plan Fiduciary Net Position-ending (b)130,731,125$ 129,869,540$ 127,028,669$ 138,059,513$
<br />Net pension liability-ending (a) - (b)57,180,615$ 60,637,390$ 71,023,031$ 78,284,993$
<br />City Share (50%) 28,590,308$ 30,318,696$ 35,511,515$ 39,142,496$
<br />Plan fiduciary net position as a percentage of the total pension liability 69.57% 68.17% 64.14% 63.81%
<br />Covered payroll 13,543,667$ 13,131,650$ 14,128,499$ 15,376,607$
<br />Net pension liability as a percentage of covered payroll 422.19%461.77%502.69%509.12%
<br />Changes in Assumptions
<br />Accounting Discount Rate 7.50%7.65%7.65%7.15%
<br />Notes to Schedule:
<br />Agent Multiple-Employer Defined Benefit Pension Plan
<br />Safety (Fire) Plan
<br />Plan to plan resource movement
<br />Administrative expense
<br />Other miscellaneous inccome
<br />Service cost
<br />Interest on total pension liability
<br />During the Measurement Period
<br />Schedule of Changes in the Net Pension Liability and Related Ratios
<br />Last 10 Years**
<br />Contributions-employee
<br />Net investment income
<br />Benefit payments
<br />Differences between expected and actual experience
<br />Changes in assumptions
<br />Benefit payments, including refunds of employee contributions
<br />Contributions-employer
<br />Benefit Changes: The figures above include any liability impact that may have resulted from voluntary benefit changes that occurred after the June 30, 2019 valuation.
<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,
<br />unless the liability impact is deemed to be material by the plan actuary.
<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.
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