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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 />C. Miscellaneous (All Other) Agents Multiple -Employer Plan
<br />The changes in the Net Pension Liability for the City's Miscellaneous Plan are as follows:
<br />Balance at June 30, 2017
<br />Changes in the year:
<br />Service cost
<br />Interest on the total pension liability
<br />Changes of benefit terms
<br />Changes of assumptions
<br />Differences between expected and actual
<br />experience
<br />Plan to plan resource movement
<br />Contributions - employer
<br />Contributions - employees
<br />Net investment income
<br />Benefit payments, including refunds of employee
<br />contributions
<br />Administrative expense
<br />Other Miscellaneous Income/(Expense)
<br />Net changes
<br />Balance at June 30, 2018
<br />D. Safety Cost -Sharing Multiple -Employer Plan
<br />As of June 30, 2019, the Safety cost-sharing plan reported net pension liabilities for its proportionate
<br />shares of the net pension liability at $85,739,175.
<br />The Safety Plan net pension liability is measured as the proportionate share of the net pension liability in
<br />the State-wide pool. The City's proportion of the net pension liability was based on a projection of the
<br />City's long-term share of contributions to the pension plan relative to the projected contributions of all
<br />participating employers, actuarially determined. The City's proportionate share of the net pension
<br />liability for the Safety Plan as of June 30, 2017 and 2018 was as follows:
<br />Proportion - June 30, 2017
<br />Proportion - June 30, 2018
<br />Change - Increase (Decrease)
<br />Safety
<br />0.851676%
<br />0.889755%
<br />0.038079%
<br />Increase (Decrease)
<br />Total Pension
<br />Plan Fiduciary
<br />Net Pension
<br />Liability
<br />Net Position
<br />Liability/(Asset)
<br />$ 291,055,707
<br />$ 198,914,923
<br />$ 92,140,784
<br />4,095,987
<br />4,095,987
<br />20,204,782
<br />20,204,782
<br />(1,768,314)
<br />(1,768,314)
<br />(596,425)
<br />(596,425)
<br />(1,934)
<br />1,934
<br />6,873,684
<br />(6,873,684)
<br />1,762,858
<br />(1,762,858)
<br />16,783,894
<br />(16,783,894)
<br />(16,309,242)
<br />(16,309,242)
<br />(309,964)
<br />309,964
<br />(588,627)
<br />588,627
<br />5,626,788
<br />8,210,669
<br />(2,583,881)
<br />$ 296,682,495
<br />$ 207,125,592
<br />$ 89,556,903
<br />As of June 30, 2019, the Safety cost-sharing plan reported net pension liabilities for its proportionate
<br />shares of the net pension liability at $85,739,175.
<br />The Safety Plan net pension liability is measured as the proportionate share of the net pension liability in
<br />the State-wide pool. The City's proportion of the net pension liability was based on a projection of the
<br />City's long-term share of contributions to the pension plan relative to the projected contributions of all
<br />participating employers, actuarially determined. The City's proportionate share of the net pension
<br />liability for the Safety Plan as of June 30, 2017 and 2018 was as follows:
<br />Proportion - June 30, 2017
<br />Proportion - June 30, 2018
<br />Change - Increase (Decrease)
<br />Safety
<br />0.851676%
<br />0.889755%
<br />0.038079%
<br />
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