|
Fiscal Year
<br />Ending
<br />September 30,
<br />Indian River County, Florida
<br />Required Supplementary Information
<br />For the Year Ended September 30, 2020
<br />Schedule of the County's Contributions
<br />Florida Retirement System (FRS) Defined Benefit Pension Plan
<br />FRS FRS Contributions
<br />Contractually in Relation to the
<br />Required Contractually
<br />Contribution Required Contribution
<br />2020 $ 12,325,839 $ 12,325,839
<br />2019 $ 11,186,468 $ 11,186,468
<br />2018 $ 10,011,292 $ 10,011,292
<br />2017 $ 9,099,495 $ 9,099,495
<br />2016 $ 8,660,907 $ 8,660,907
<br />2015 $ 7,503,166 $ 7,503,166
<br />2014 $ 6,760,058 $ 6,760,058
<br />FRS
<br />Contribution
<br />Deficiency
<br />(Excess)
<br />County's
<br />Covered
<br />Payroll
<br />71,928,506
<br />69,181,344
<br />65,642,971
<br />64,835,532
<br />61,851,481
<br />57,717,461
<br />56,156,975
<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 />Fiscal Year
<br />Ending
<br />September 30,
<br />2020
<br />2019
<br />2018
<br />2017
<br />2016
<br />2015
<br />2014
<br />HIS
<br />Contractually
<br />Required
<br />Contribution
<br />$ 1,444,839
<br />$ 1,373,064
<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 />1,444,839
<br />1,373,064
<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 />87,086,582
<br />82,736,898
<br />78,304,866
<br />76,071,289
<br />72,247,706
<br />67,455,498
<br />66,229,010
<br />17.14%
<br />16.17%
<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 />1.66%
<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
<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 />114
<br />
|