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Indian River County, Florida
<br />Required Supplementary Information
<br />For the Year Ended September 30, 2018
<br />Schedule of the County's Contributions
<br />Florida Retirement System (FRS) Defined Benefit Pension Plan
<br />FRS FRS Contributions FRS
<br />Fiscal Year Contractually in Relation to the Contribution County's
<br />Ending Required Contractually Deficiency Covered
<br />September 30, Contribution Required Contribution (Excess Payroll
<br />2018 $ 10,011,292 $ 10,011,292 $ - $ 65,642,971
<br />2017 $ 9,099,495 $ 9,099,495 $ - $ 64,835,532
<br />2016 $ 8,660,907 $ 8,660,907 $ - $ 61,851,481
<br />2015 $ 7,503,166 $ 7,503,166 $ - $ 57,717,461
<br />2014 $ 6,760,058 $ 6,760,058 $ - $ 56,156,975
<br />Fiscal Year
<br />Ending
<br />September 30,
<br />FRS Contributions
<br />as a Percentage of
<br />Covered Payroll
<br />Schedule of the County's Contributions
<br />Retiree Health Insurance Subsidy (HIS) Program Defined Benefit Pension Plan
<br />2018
<br />2017
<br />2016
<br />2015
<br />2014
<br />HIS
<br />Contractually
<br />Required
<br />Contribution
<br />$ 1,299,514
<br />$ 1,262,482
<br />$ 1,198,477
<br />$ 918,200
<br />$ 782,940
<br />HIS Contributions
<br />in Relation to the
<br />Contractually
<br />Required Contribution
<br />1,299,514
<br />1,262,482
<br />1,198,477
<br />918,200
<br />782,940
<br />HIS
<br />Contribution
<br />Deficiency
<br />(Excess)
<br />County's
<br />Covered
<br />Payroll
<br />$ 78,304,866
<br />$ 76,071,289
<br />$ 72,247,706
<br />$ 67,455,498
<br />$ 66,229,010
<br />15.26%
<br />14.03%
<br />14.01%
<br />13.00%
<br />11.94%
<br />HIS Contributions
<br />as a Percentage of
<br />Covered Payroll
<br />1.66%
<br />1.66%
<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.
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