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CITY OF SAN LEANDRO
<br />NOTES TO BASIC FINANCIAL STATEMENTS
<br />For The Year Ended June 30, 2019
<br />NOTE 13 — PENSION PLAN (Continued)
<br />E. Other Information
<br />Sensitivity of the Net Pension Liability to Changes in the Discount Rate — The following presents the
<br />net pension liability of the City for the Plan, calculated using the discount rate for the Plan, as well as
<br />what the City's net pension liability would be if it were calculated using a discount rate that is 1 -
<br />percentage point lower or 1 -percentage point higher than the current rate:
<br />Miscellaneous Safety
<br />1% Decrease 6.15% 6.15%
<br />Net Pension Liability $ 126,494,453 $ 126,257,117
<br />Current Discount Rate 7.15% 7.15%
<br />Net Pension Liability $ 89,556,903 $ 85,739,175
<br />1% Increase 8.15% 8.15%
<br />Net Pension Liability $ 58,872,797 $ 52,541,977
<br />Pension Plan Fiduciary Net Position — Detailed information about each pension plan's fiduciary net
<br />position is available in the separately issued Ca1PERS financial reports.
<br />Pension Expenses and Deferred Outflows/Inflows of Resources Related to Pensions — For the year
<br />ended June 30, 2019, the City recognized total pension expense of $27,849,873, $14,317,732 and
<br />$13,532,141 for Miscellaneous and Safety, respectively. At June 30, 2019, the City reported deferred
<br />outflows of resources and deferred inflows of resources related to pensions from the following sources:
<br />Agent -Multiple
<br />Miscellaneous
<br />Pension contributions subsequent to measurement date
<br />Differences between actual and expected experience
<br />Changes in assumptions
<br />Change in employer's proportion and differences between
<br />the employer's contributions and the employer's
<br />proportionate share of contributions
<br />Net differences between projected and actual earnings
<br />on plan investments
<br />Total
<br />Cost -Sharing
<br />Safetv
<br />Pension contributions subsequent to measurement date
<br />Differences between actual and expected experience
<br />Changes in assumptions
<br />Change in employer's proportion and differences between
<br />the employer's contributions and the employer's
<br />proportionate share of contributions
<br />Net differences between projected and actual earnings
<br />on plan investments
<br />Total
<br />HI
<br />Deferred Outflows Deferred Inflows
<br />of Resources of Resources
<br />$ 7,668,583 $ -
<br />(450,567)
<br />1,406,978 (999,482)
<br />601,599
<br />$ 9,677,160 $ (1,450,049)
<br />Deferred Outflows Deferred Inflows
<br />of Resources of Resources
<br />$ 7,027,678 $ -
<br />1,842,246 (6,988)
<br />8,412,508 (1,134,998)
<br />2,872,186 (4,320,524)
<br />580,494
<br />$ 20,735,112 $ (5,462.510)
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