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CITY OF SAN LEANDRO
<br />Notes to Required Supplementary Information
<br />For the year ended June 30, 2018
<br />City of San Leandro
<br />Agent Multiple Employer Defined Benefit Retirement Plan -Miscellaneous Plan
<br />As offiscal year ending June 30, 2018
<br />SCHEDULE OF CHANGES IN THE NET PENSION LIABILITY AND RELATED RATIOS
<br />Last 10 Years*
<br />Total Pension lial:i.lity
<br />Service Cost
<br />Differences between expected and actual
<br />experience
<br />Changes in assumptions
<br />Interest
<br />Benefit payments, including refunds of
<br />employee contnbutions
<br />Net change in total pension liability
<br />Total pension lial:i.lity-beginning
<br />Total pension liali.lity-ending (a)
<br />Plan fiduciary net position
<br />Contnbutions -employer
<br />Contnbutions -employee
<br />Net investment income
<br />Benefit payments, including refunds of
<br />employee contnbutions
<br />Plan to Plan Resource Movement
<br />Plan to Plan Resource Movement
<br />Net change in plan fiduciary net position
<br />Plan fiduciary net position -beginning
<br />Plau fiduciary net position -ending (b)
<br />Net pension liability -ending (a)-(b)
<br />Plan fiduciary net position as a percentage of
<br />the total pension liability
<br />Covered payroll
<br />Plan fiduciary net position as a percentage ofcovered
<br />payroll
<br />Notes to Schedule:
<br />$
<br />$
<br />$
<br />$
<br />$
<br />$
<br />2014
<br />3,921,445
<br />18,796,998
<br />$
<br />2015
<br />3,570,669
<br />(8,034,544)
<br />(4,335,946)
<br />18,867,111
<br />(13,777,288) (14,563,306)
<br />8,941,155 (4,496,016)
<br />255,554,562 264,495 717
<br />264,495,717 _$.;...__2_59-',,9..;.9.;._9,...,70_1_
<br />4,594,523 $
<br />2,010,061
<br />29,807,971
<br />(13,777,288)
<br />5,043,060
<br />1,672,356
<br />4,385,312
<br />(14,563,306)
<br />(572)
<br />(217,263)
<br />22,635,267 (3,680,413)
<br />174,078,874 196,714,141
<br />196,714,141 _$ __ 19_3.._,0_33.._,7_2_8
<br />67,781,576 =$=====66==,9=6='5,=97=3=
<br />25.63% 25.76%
<br />20,167,441 $ 19,979,507
<br />336.09% 335.17%
<br />$
<br />2016
<br />3,522,248
<br />593,697
<br />19,495,753
<br />(15,016,152)
<br />8,595,546
<br />259,999,701
<br />$ 268,595,247
<br />$ 5,638,865
<br />1,618,186
<br />994,580
<br />(15,016,152)
<br />(117,644)
<br />(6,882,165)
<br />193,033,728
<br />$ 186,151,563
<br />$ 82,443,684
<br />$
<br />30.69%
<br />21,037,041
<br />391.90%
<br />$
<br />2017
<br />4,044,169
<br />(1,248,019)
<br />15,476,760
<br />19,808,061
<br />(15,620,511)
<br />22,460,460
<br />268,595,247
<br />$ 291,055,707
<br />$ 6,399,288
<br />1,695,139
<br />20,564,284
<br />(15,620,511)
<br />(274,840)
<br />12,763,360
<br />186,151,563
<br />$ 198,914,923
<br />$ 92,140,784
<br />31.66%
<br />$ 21,903,698
<br />420.66%
<br />Benefit changes -The figures above do not include any liability impact that 1my have resulted from plan changes which occurred after the
<br />actuarial valuation date. This applies for voluntary benefit changes as well as any offers of Two Years Additional Service Credit (a.ka. Golden
<br />Handshakes).
<br />Changes in assumptions -In 2017, the accounting discount rate reduced from 7.65 percent to 7.15 percent. In 2016, there were no changes. In
<br />2015, amounts reported reflect an adjustment of the discount rate from 7.5 percent (net of administrative expense) to 7.65 percent (without a
<br />reduction for pension plan administrative expense). In 2014, amounts reported were based on the 7.5 percent discount rate.
<br />* Fiscal year 2015 was the 1st year of implementation.
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