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109
<br />
<br />Indian River County, Florida
<br />Required Supplementary Information
<br />For the Year Ended September 30, 2019
<br />
<br />
<br />Schedule of the County's Proportionate Share of the Net Pension Liability
<br />Florida Retirement System (FRS) Defined Benefit Pension Plan
<br />
<br /> County's
<br /> Proportionate FRS Plan
<br /> County's County's Share of the Fiduciary Net
<br /> Plan Sponsor Proportion Proportionate FRS Net Pension Position as a
<br />Fiscal Year Measurement of the FRS Share of the County's Liability as a Percentage of
<br />Ending Date Net Pension FRS Net Pension Covered Percentage of Total Pension
<br />September 30, June 30, Liability Liability Payroll Covered Payroll Liability
<br />2019 2019 0.3499% $ 120,518,805 $ 68,038,591 177.13% 82.61%
<br />2018 2018 0.3461% $ 104,240,729 $ 65,771,799 158.49% 84.26%
<br />2017 2017 0.3484% $ 103,046,280 $ 64,801,659 159.02% 83.89%
<br /> 2016 2016 0.3356% $ 84,737,012 $ 60,358,527 140.39% 84.88%
<br />2015 2015 0.3067% $ 39,616,455 $ 57,879,163 68.45% 92.00%
<br />2014 2014 0.3018% $ 18,416,343 $ 55,095,601 33.43% 96.09%
<br />
<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 />
<br /> County's
<br /> Proportionate HIS Plan
<br /> County's County's Share of the Fiduciary Net
<br /> Plan Sponsor Proportion Proportionate HIS Net Pension Position as a
<br />Fiscal Year Measurement of the HIS Share of the County's Liability as a Percentage of
<br />Ending Date Net Pension HIS Net Pension Covered Percentage of Total Pension
<br />September 30, June 30, Liability Liability Payroll Covered Payroll Liability
<br />2019 2019 0.2428% $ 27,171,124 $ 81,262,395 33.44% 2.63%
<br />2018 2018 0.2397% $ 25,374,133 $ 78,355,087 32.39% 2.15%
<br />2017 2017 0.2374% $ 25,383,666 $ 75,720,001 33.52% 1.64%
<br />2016 2016 0.2281% $ 26,578,559 $ 70,444,190 37.73% 0.97%
<br />2015 2015 0.2232% $ 22,760,252 $ 67,812,302 33.56% 0.50%
<br />2014 2014 0.2186% $ 20,441,863 $ 64,984,255 31.46% 0.99%
<br />
<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 />
<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 the Florida Department of
<br />Management Services at (844) 377-1888 or online at frs.myflorida.com, click on publications, then annual reports.
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