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Packet 20230515
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Last modified
10/6/2025 10:22:04 AM
Creation date
5/31/2023 11:59:58 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
5/15/2023
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PERM
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Reso 23-048 Accepting Audited Financial Statements 2021-22
(Amended)
Path:
\City Clerk\City Council\Resolutions\2023
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CITY OF SAN LEANDRO <br />Notes to Required Supplementary Information <br />For the year ended June 30, 2022 <br />City of San Leandro <br />Cost-Sharing Multiple-Employer Defined Pension Plan - Safety Plan <br />SCHEDULE OF THE PLAN'S PROPORTIONATE SHARE OF THE NET PENSION LIABILITY <br />AND RELATED RATIOS AS OF THE MEASUREMENT DATE <br />Last 10 Years* <br />Measurement Date 6/30/2014 6/30/2015 6/30/2016 6/30/2017 6/30/2018 <br />Plan's proportion of the Net Pension Liability (Asset)0.77754%0.84138%0.85648%0.85168%0.88976% <br />Plan's proportion share of the Net Pension Liability <br />(Asset)48,381,880$ 57,751,630$ 74,111,802$ 84,462,824$ 85,739,175$ <br />Plan's Covered Payroll 10,789,007$ 10,794,582$ 11,439,904$ 11,316,753$ 12,841,859$ <br />Plan's Proportionate Share of the Net Pension <br />Liability/(Asset) as a Percentage of its Covered <br />Payroll 450.15%535.01%647.84%746.35%667.65% <br />Plan's Proportionate Share of the Fiduciary Net <br />Position as a Percentage of the Plan's Total Pension <br />Liability 79.82%78.40%74.06%73.31%75.26% <br />* - Fiscal year 2015 was the 1st year of implementation. <br />98
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