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Fiscal Year <br />Ending <br />September 30, <br />Indian River County, Florida <br />Required Supplementary Information <br />For the Year Ended September 30, 2016 <br />Schedule of the County's Contributions <br />Florida Retirement System (FRS) Defined Benefit Pension Plan <br />FRS <br />Contractually <br />Required <br />Contribution <br />FRS Contributions <br />in Relation to the <br />Contractually <br />Required Contribution <br />FRS <br />Contribution <br />Deficiency <br />(Excess) <br />County's <br />Covered <br />Employee <br />Payroll <br />2016 <br />2015 <br />2014 <br />Fiscal Year <br />Ending <br />September 30, <br />$ 8,660,907 <br />$ 7,503,166 <br />$ 6,760,058 <br />8,660,907 <br />7,503,166 <br />6,760,058 <br />$ 61,851,481 <br />$ 57,717,461 <br />$ 56,156,975 <br />Schedule of the County's Contributions <br />Retiree Health Insurance Subsidy (HIS) Program Defined Benefit Pension Plan <br />HIS <br />Contractually <br />Required <br />Contribution <br />HIS Contributions <br />in Relation to the <br />Contractually <br />Required Contribution <br />2016 <br />2015 <br />2014 <br />$ 1,198,477 <br />$ 918,200 <br />782,940 <br />1,198,477 <br />918,200 <br />782,940 <br />HIS County's <br />Contribution Covered <br />Deficiency Employee <br />(Excess) Payroll <br />$ $ 72,247,706 <br />$ $ 67,455,498 <br />$ $ 66,229,010 <br />FRS Contributions <br />as a Percentage of <br />Covered Payroll <br />14.01% <br />13.00% <br />11.94% <br />HIS Contributions <br />as a Percentage of <br />Covered Payroll <br />1.66% <br />1.36% <br />1.18% <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 />108 <br />