RVCC 2019 NECHE Self-Study

Schedule of Collective Net Pension Liability *
Employer proportion of the collective
net pension liability 1.2800 %
June 30,
2018 2017 2016 2015
2014
1.3580 % 1.5230 % 1.5521 % 1.4834 %
Employer's proportionate share of
the collective net pension liability $62,952,418
Employer's covered-employee
payroll
$35,391,000
$72,213,216 $60,334,154 $58,259,797 $63,843,950
$39,462,000 $38,603,000 $47,442,000 $43,413,000
Employer's proportionate share of
the collective net pension liability
as a percentage of the employer's
covered employee-payroll
178 % 183 % 156 % 123 % 147 %
Plan fiduciary net position as a
percentage of the total pension
liability 56.22 % 58.30 % 65.47 % 66.32 % 59.81 %
* Schedule is intended to show 10 years. Additional years will be added as they become available.
Schedule of Employer Contributions *
June 30
2018 2017 2016 2015 2014
Required employer contribution** $ 5,080,526 $ 5,090,600 $ 5,109,493 $ 4,923,636 $ 3,688,122
Actual employer contribution** $ 5,080,526 $ 5,090,600 $ 5,109,493 $ 4,923,636 $ 3,688,122
Employer's covered-employee
payroll
$35,391,000 $39,462,000 $38,603,000 $47,442,000 $43,413,000
Employer percentage contribution of the employer's as a
covered-employee payroll 14.36 % 12.90 % 13.24 % 10.38 % 8.50 %
* Schedule is intended to show 10 years. Additional years will be added as they become available.
** Contributions above are annual contributions during the measurement period.
257 | P a g e