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Indian River County, Florida
<br />Required Supplementary Information
<br />For the Year Ended September 30, 2017
<br />Schedule of the County's Contributions
<br />Florida Retirement System (FRS) Defined Benefit Pension Plan
<br />Schedule of the County's Contributions
<br />Retiree Health Insurance Subsidy (HIS) Program Defined Benefit Pension Plan
<br />FRS
<br />FRS Contributions
<br />FRS
<br />County's
<br />Fiscal Year
<br />Contractually
<br />in Relation to the
<br />Contribution
<br />Covered
<br />FRS Contributions
<br />Ending
<br />Required
<br />Contractually
<br />Deficiency
<br />Employee
<br />as a Percentage of
<br />September 30,
<br />Contribution
<br />Required Contribution
<br />(Excess)
<br />Payroll
<br />Covered Payroll
<br />2017
<br />$
<br />9,099,495
<br />$
<br />9,099,495
<br />$
<br />-
<br />$
<br />64,835,532
<br />14.03%
<br />2016
<br />$
<br />8,660,907
<br />$
<br />8,660,907
<br />$
<br />-
<br />$
<br />61,851,481
<br />14.01%
<br />2015
<br />$
<br />7,503,166
<br />$
<br />7,503,166
<br />$
<br />-
<br />$
<br />57,717,461
<br />13.00%
<br />2014
<br />$
<br />6,760,058
<br />$
<br />6,760,058
<br />$
<br />-
<br />$
<br />56,156,975
<br />11.94%
<br />Schedule of the County's Contributions
<br />Retiree Health Insurance Subsidy (HIS) Program Defined Benefit Pension Plan
<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 />109
<br />HIS
<br />HIS Contributions
<br />HIS
<br />County's
<br />Fiscal Year
<br />Contractually
<br />in Relation to the
<br />Contribution
<br />Covered
<br />HIS Contributions
<br />Ending
<br />Required
<br />Contractually
<br />Deficiency
<br />Employee
<br />as a Percentage of
<br />September 30,
<br />Contribution
<br />Required Contribution
<br />(Excess)
<br />Payroll
<br />Covered Payroll
<br />2017
<br />$
<br />1,262,482
<br />$
<br />1,262,482
<br />$
<br />-
<br />$
<br />76,071,289
<br />1.66%
<br />2016
<br />$
<br />1,198,477
<br />$
<br />1,198,477
<br />$
<br />-
<br />$
<br />72,247,706
<br />1.66%
<br />2015
<br />$
<br />918,200
<br />$
<br />918,200
<br />$
<br />-
<br />$
<br />67,455,498
<br />1.36%
<br />2014
<br />$
<br />782,940
<br />$
<br />782,940
<br />$
<br />-
<br />$
<br />66,229,010
<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 />109
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