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Fiscal Year
<br />Ending
<br />September 30,
<br />2018
<br />2017
<br />2016
<br />2015
<br />2014
<br />Fiscal Year
<br />Ending
<br />September 30,
<br />2018
<br />2017
<br />2016
<br />2015
<br />2014
<br />Indian River County, Florida
<br />Required Supplementary Information
<br />For the Year Ended September 30, 2018
<br />Schedule of the County's Proportionate Share of the Net Pension Liability
<br />Florida Retirement System (FRS) Defined Benefit Pension Plan
<br />Plan Sponsor
<br />Measurement
<br />Date
<br />June 30,
<br />2018
<br />2017
<br />2016
<br />2015
<br />2014
<br />County's
<br />Proportion
<br />of the FRS
<br />Net Pension
<br />Liability
<br />0.3461%
<br />0.3484%
<br />0.3356%
<br />0.3067%
<br />0.3018%
<br />County's
<br />Proportionate
<br />Share of the
<br />FRS Net Pension
<br />Liability
<br />$ 104,240,729
<br />$ 103,046,280
<br />$ 84,737,012
<br />$ 39,616,455
<br />$ 18,416,343
<br />County's
<br />Covered
<br />Payroll
<br />$ 65,771,799
<br />$ 64,801,659
<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 />158.49%
<br />159.02%
<br />140.39%
<br />68.45%
<br />33.43%
<br />FRS Plan
<br />Fiduciary Net
<br />Position as a
<br />Percentage of
<br />Total Pension
<br />Liability
<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 />2018
<br />2017
<br />2016
<br />2015
<br />2014
<br />County's
<br />Proportion
<br />of the HIS
<br />Net Pension
<br />Liability
<br />0.2397%
<br />0.2374%
<br />0.2281%
<br />0.2232%
<br />0.2186%
<br />County's
<br />Proportionate
<br />Share of the
<br />HIS Net Pension
<br />Liability
<br />$ 25,374,133
<br />$ 25,383,666
<br />$ 26,578,559
<br />$ 22,760,252
<br />$ 20,441,863
<br />County's
<br />Covered
<br />Payroll
<br />$ 78,355,087
<br />$ 75,720,001
<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 />32.39%
<br />33.52%
<br />37.73%
<br />33.56%
<br />31.46%
<br />84.26%
<br />83.89%
<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 />2.15%
<br />1.64%
<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, then annual reports.
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