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Indian River County, Florida
<br />Required Supplementary Information
<br />For the Year Ended September 30, 2020
<br />Schedule of the County's Proportionate Share of the Net Pension Liability
<br />Florida Retirement System (FRS) Defined Benefit Pension Plan
<br />County's County's
<br />Plan Sponsor Proportion Proportionate
<br />Fiscal Year Measurement of the FRS Share of the County's
<br />Ending Date Net Pension FRS Net Pension Covered
<br />September 30, June 30, Liability Liability Payroll
<br />2020 2020 0.3622% $ 156,966,332 $ 71,329,133
<br />2019 2019 0.3499% $ 120,518,805 $ 68,038,591
<br />2018 2018 0.3461% $ 104,240,729 $ 65,771,799
<br />2017 2017 0.3484% $ 103,046,280 $ 64,801,659
<br />2016 2016 0.3356% $ 84,737,012 $ 60,358,527
<br />2015 2015 0.3067% $ 39,616,455 $ 57,879,163
<br />2014 2014 0.3018% $ 18,416,343 $ 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 />220.06%
<br />177.13%
<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 />78.85%
<br />82.61%
<br />84.26%
<br />83.89%
<br />84.88%
<br />92.00%
<br />96.09%
<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 />Fiscal Year
<br />Ending
<br />September 30,
<br />2020
<br />2019
<br />2018
<br />2017
<br />2016
<br />2015
<br />2014
<br />Plan Sponsor
<br />Measurement
<br />Date
<br />June 30,
<br />2020
<br />2019
<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 />0.2479%
<br />0.2428%
<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 />30,268,499
<br />27,171,124
<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 />86,079,134
<br />81,262,395
<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 />35.16%
<br />33.44%
<br />32.39%
<br />33.52%
<br />37.73%
<br />33.56%
<br />31.46%
<br />HIS Plan
<br />Fiduciary Net
<br />Position as a
<br />Percentage of
<br />Total Pension
<br />Liability
<br />3.00%
<br />2.63%
<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
<br />restatement as of September 30, 2014. Information for prior years is not available. This schedule is being built
<br />prospectively. Ultimately, 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
<br />investments can be obtained in a separately issued report. Information may also be requested by calling the
<br />Florida Department of Management Services at (844) 377-1888 or online at frs.myflorida.com, click on
<br />publications, then annual reports.
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