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Indian River County, Florida <br />Required Supplementary Information <br />For the Year Ended September 30, 2016 <br />Schedule of the County's Proportionate Share of the Net Pension Liability <br />Florida Retirement System (FRS) Defined Benefit Pension Plan <br />County's <br />Plan Sponsor Proportion <br />Fiscal Year Measurement of the FRS <br />Ending Date Net Pension <br />September 30, June 30, Liability <br />County's <br />Proportionate <br />Share of the <br />FRS Net Pension <br />Liability <br />County's <br />Covered <br />Employee <br />Payroll <br />2016 2016 0.3356% <br />2015 2015 0.3067% <br />2014 2014 0.3018% <br />Fiscal Year <br />Ending <br />September 30, <br />$ 84,737,012 <br />$ 39,616,455 <br />$ 18,416,343 <br />$ 60,358,527 <br />$ 57,879,163 <br />$ 55,095,601 <br />County's <br />Proportionate <br />Share of the <br />FRS Net Pension <br />Liability as a <br />Percentage of <br />Covered Payroll <br />140.39% <br />68.45% <br />33.43% <br />Schedule of the County's Proportionate Share of the Net Pension Liability <br />Retiree Health Insurance Subsidy (HIS) Program Defined Benefit Pension Plan <br />Plan Sponsor <br />Measurement <br />Date <br />June 30, <br />County's <br />Proportion <br />of the HIS <br />Net Pension <br />Liability <br />County's <br />Proportionate <br />Share of the <br />HIS Net Pension <br />Liability <br />County's <br />Covered <br />Employee <br />Payroll <br />2016 <br />2015 <br />2014 <br />2016 <br />2015 <br />2014 <br />0.2281% <br />0.2232% <br />0.2186% <br />$ 26,578,559 <br />$ 22,760,252 <br />$ 20,441,863 <br />$ 70,444,190 <br />$ 67,812,302 <br />$ 64,984,255 <br />County's <br />Proportionate <br />Share of the <br />HIS Net Pension <br />Liability as a <br />Percentage of <br />Covered Payroll <br />37.73% <br />33.56% <br />31.46% <br />FRS Plan <br />Fiduciary Net <br />Position as a <br />Percentage of <br />Total Pension <br />Liability <br />84.88% <br />92.00% <br />96.09% <br />HIS Plan <br />Fiduciary Net <br />Position as a <br />Percentage of <br />Total Pension <br />Liability <br />0.97% <br />0.50% <br />0.99% <br />The County implemented GASB Statement No. 68 for the fiscal year ended September 30, 2015, including a restatement as <br />of September 30, 2014. Information for prior years is not available. This schedule is being built prospectively. Ultimately, <br />10 years of data will be presented. <br />Information on the above defined benefit pension plan's annual money -weighted rate of return on pension plan investments <br />can be obtained in a separately issued report. Information may also be requested by calling (844) 377-1888 or online at <br />frs.myflorida.com, click on publications and then annual reports. <br />107 <br />