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110
<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 Contributions
<br />Florida Retirement System (FRS) Defined Benefit Pension Plan
<br />
<br /> FRS FRS Contributions FRS
<br />Fiscal Year Contractually in Relation to the Contribution County's FRS Contributions
<br />Ending Required Contractually Deficiency Covered as a Percentage of
<br />September 30, Contribution Required Contribution (Excess) Payroll Covered Payroll
<br /> 2019 $ 11,186,468 $ 11,186,468 $ - $ 69,181,344 16.17%
<br /> 2018 $ 10,011,292 $ 10,011,292 $ - $ 65,642,971 15.26%
<br /> 2017 $ 9,099,495 $ 9,099,495 $ - $ 64,835,532 14.03%
<br /> 2016 $ 8,660,907 $ 8,660,907 $ - $ 61,851,481 14.01%
<br /> 2015 $ 7,503,166 $ 7,503,166 $ - $ 57,717,461 13.00%
<br /> 2014 $ 6,760,058 $ 6,760,058 $ - $ 56,156,975 11.94%
<br />
<br />
<br />
<br />Schedule of the County's Contributions
<br />Retiree Health Insurance Subsidy (HIS) Program Defined Benefit Pension Plan
<br />
<br />
<br /> HIS HIS Contributions HIS
<br />Fiscal Year Contractually in Relation to the Contribution County's HIS Contributions
<br />Ending Required Contractually Deficiency Covered as a Percentage of
<br />September 30, Contribution Required Contribution (Excess) Payroll Covered Payroll
<br />2019 $ 1,373,064 $ 1,373,064 $ - $ 82,736,898 1.66%
<br />2018 $ 1,299,514 $ 1,299,514 $ - $ 78,304,866 1.66%
<br />2017 $ 1,262,482 $ 1,262,482 $ - $ 76,071,289 1.66%
<br /> 2016 $ 1,198,477 $ 1,198,477 $ - $ 72,247,706 1.66%
<br /> 2015 $ 918,200 $ 918,200 $ - $ 67,455,498 1.36%
<br /> 2014 $ 782,940 $ 782,940 $ - $ 66,229,010 1.18%
<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.
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