Question: Bluff County's schedule of changes in net pension liability and related ratios is shown below. Required Compute the missing amounts. BLUFF COUNTY EMPLOYEE RETIREMENT SYSTEM
Bluff County's schedule of changes in net pension liability and related ratios is shown below.
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Required
Compute the missing amounts.
BLUFF COUNTY EMPLOYEE RETIREMENT SYSTEM Schedule of Changes in the County's Net Pension Liability and Related Ratios Last Three Fiscal Years 2017 2016 2015 Total pension liability $ 123,22!5 $125,440 182,580 $127,950 Service cost Interest Differences between expected and actual 1,250 (248,000) 2,083,715 169,960 625 (217,960) 1,927,550 (850) experience Benefit payments (including refunds of employee contributions) Net change in total pension liability Total pension liability, beginning Total pension liability, ending Plan fiduciary net position 75,590 Contributions-employee Contributions-employer Net investment income Benefit payments (including refunds of $ 32,450 98,620 18,990 S 36,240 102,530 91,550 (21,510) (51,330) (2,840) employee contributions) (64,500) (3,290) (42,780) (3,110) 80,500 Administrative expenses Net change in plan fiduciary net position Plan fiduciary net position, beginning Plan fiduciary net position, ending Net pension liability, ending 1,011,680 1,057,720 1,220,490 $ 929,430 Plan fiduciary net position as a percentage of total pension liability Covered-employee payroll Net pension liability as a percentage 47.33% 489,810 45.38% of covered-employee payroll 185.09% 194.8696
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