Page 135 - 2018 Comprehensive Annual Financial Report - City of Winston-Salem

City of Winston-Salem, North Carolina
City of Winston-Salem’s Proportionate Share of Net Pension Liability (Asset)
Local Government Employees’ Retirement System

Last Five Fiscal Years (1) Exhibit 20

Fiscal Year
2018 2017 2016 2015 2014
Winston-Salem’s proportion of the net
pension liability (asset) (%) 1.7455% 1.73309% 1.80025% 1.80839% 1.8986%
Winston-Salem’s proportion of the net
pension liability (asset) ($) $ 26,666,405 $ 36,781,996 $ 8,079,434 $ (10,664,916) $ 22,885,421
Winston-Salem’s covered payroll $ 111,203,433 $ 104,723,508 $ 101,433,133 $ 99,590,382 $ 100,511,092
Winston-Salem’s proportionate share of
the net pension liability (asset) as a
percentage of its covered payroll 23.9798% 35.1230% 7.9653% (10.7088)% 22.7691%
Plan duciary net position as a percentage
of the total pension liability ** 94.18% 91.47% 98.09% 102.64% 94.35%

*The amounts presented for each scal year were determined as of the prior scal year ending June 30.
** This will be the same percentage for all participant employers in the LGERS plan.
(1) Required supplementary information is intended for 10 years and will be shown when available.

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