Required Supplementary Information

Schedule of University’s Proportionate Share of PERA Pension Liability

MEASUREMENT
DATE
PROPORTION OF COLLECTIVE NET PENSION LIABILITY
(A)
PROPORTIONATE SHARE OF COLLECTIVE NET PENSION LIABILITY
(B)
COVERED PAYROLL
(C)
PROPORTIONATE SHARE OF COLLECTIVE NPL AS A PERCENTAGE OF COVERED PAYROLL
(B/C)
PLAN'S
FIDUCIARY NET POSITION AS A PERCENTAGE OF TOTAL PENSION LIABILITY
DECEMBER 31, 201711.0227933269%$2,206,541,000$302,484,000729.47%43.20%
DECEMBER 31, 201611.1571798445%$2,049,366,000$300,390,000682.24%42.59%
DECEMBER 31, 201511.1631105031%$1,175,591,000$296,983,000395.84%56.11%
DECEMBER 31, 201411.2723667751%$1,060,337,000$292,225,000362.85%59.84%
DECEMBER 31, 201311.3970757002%$1,015,248,000$284,977,000356.26%61.08%

Schedule of University’s Contributions to PERA Pension

FISCAL
YEAR-END
STATUTORILY REQUIRED CONTRIBUTION (A)CONTRIBUTIONS IN RELATION TO STATUTORILY REQUIRED CONTRIBUTION
(B)
CONTRIBUTION DEFICIENCY (EXCESS)
(A-B)
COVERED
PAYROLL
(C)
CONTRIBUTIONS AS A PERCENTAGE OF COVERED PAYROLL
(B/C)
JUNE 30, 2018$61,138,000$61,138,000$-$327,981,00018.64%
JUNE 30, 2017$58,698,000$58,698,000$-$300,673,00019.52%
JUNE 30, 2016$54,561,000$54,561,000$-$299,112,00018.24%
JUNE 30, 2015$50,696,000$50,696,000$-$295,357,00017.16%
JUNE 30, 2014$46,824,000$46,824,000$-$288,904,00016.21%
JUNE 30, 2013$40,368,000$40,368,000$-$279,476,00014.44%
JUNE 30, 2012$30,527,000$30,527,000$-$279,810,00010.91%
JUNE 30, 2011$27,243,000$27,243,000$-$278,497,0009.78%
JUNE 30, 2010$34,551,000$34,551,000$-$279,135,00012.38%
JUNE 30, 2009$31,863,000$31,863,000$-$277,523,00011.48%

Schedule of University’s Proportionate Share of PERA OPEB Liability

MEASUREMENT
DATE
PROPORTION OF COLLECTIVE NET OPEB LIABILITY
(A)
PROPORTIONATE SHARE OF COLLECTIVE NET OPEB LIABILITY
(B)
COVERED PAYROLL
(C)
PROPORTIONATE SHARE OF COLLECTIVE NET OPEB LIABILITY AS A PERCENTAGE OF COVERED PAYROLL
(B/C)
PLAN'S
FIDUCIARY NET POSITION AS A PERCENTAGE OF TOTAL OPEB LIABILITY
DECEMBER 31, 20173.7222136080%$48,374,000$302,484,00015.99%17.53%
DECEMBER 31, 20163.8085462272%$49,379,000$300,390,00016.44%16.72%

Schedule of University’s Contributions to PERA OPEB

FISCAL
YEAR-END
STATUTORILY REQUIRED CONTRIBUTION (A)CONTRIBUTIONS IN RELATION TO STATUTORILY REQUIRED CONTRIBUTION
(B)
CONTRIBUTION DEFICIENCY (EXCESS)
(A-B)
COVERED
PAYROLL
(C)
CONTRIBUTIONS AS A PERCENTAGE OF COVERED PAYROLL
(B/C)
JUNE 30, 2018$3,345,000$3,345,000$-$327,981,0001.02%
JUNE 30, 2017$3,067,000$3,067,000$-$300,673,0001.02%

Note: For information about factors that significantly affect trends in the amounts reported, see PERA’s Comprehensive Annual Financial Report (CAFR).

 

Changes in Alternate Medicare Plan Liability and Related Ratios

Fiscal Year Ending
June 30, 2018June 30, 2017
Service cost$4,262,0003,194,000
Interest on total AMP liability2,231,0002,391,000
Changes in benefit terms--
Differences between expected and actual experience(3,377,000)(101,000)
Changes of assumption(3,180,000)10,999,000
Benefit payments(1,448,000)(1,349,000)
Net change in total AMP liability(1,512,000)15,134,000
Total AMP liability (beginning)74,723,00059,589,000
Total AMP liability (ending)$73,211,00074,723,000
Plan Fiduciary Net Position
Contributions$1,448,0001,349,000
Net investment income--
Benefit payments(1,448,000)(1,349,000)
Administrative expense--
Net change in plan fiduciary net position--
Plan fiduciary net position (beginning)--
Plan fiduciary net position (ending)--
Net AMP liability (ending)$73,211,00074,723,000
Net position as a % of AMP liability0.00%0.00%
Covered-employee payroll$1,187,065,000942,644,000
Net AMP liability as a % of payroll6.17%7.93%

Changes in Total University OPEB Liability and Related Ratios

Fiscal Year Ending
University OPEB PlanJune 30, 2018
Service cost$53,099,000
Interest cost24,648,000
Changes in benefit terms-
Differences between expected and actual experience(87,654,000)
Changes of assumptions(46,406,000)
Benefit payments(17,211,000)
Net change in total OPEB liability(73,524,000)
Total OPEB liability (beginning)820,297,000
Total OPEB liability (ending)$746,773,000
Plan Fiduciary Net Position
Contributions$17,211,000
Net investment income-
Benefit payments(17,211,000)
Administrative expense-
Net change in plan fiduciary net position-
Plan fiduciary net position (beginning)-
Plan fiduciary net position (ending)-
Total OPEB liability (ending)$746,773,000
Net position as a % of OPEB liability0.00%
Covered-employee payroll$1,475,177,000
Total OPEB liability as a % of payroll50.62%

© Office of University Controller 2018

This report must be considered in its entirety.