| | | | | | BLUFF COUNTY EMPLOYEE RETIREMENT SYSTEM | | | | | | | | Schedule of Changes in the County's Net Pension Liability and Related Ratios | | | | | | | | Last 3 Fiscal years | | | | | | | | | 2017 | | 2016 | | 2015 | | | Total pension liability | | | | | | | | Service cost | $123,225 | | $125,440 | | $127,950 | | | Interest | | | 182,580 | | 169,960 | | | Differences between expected and actual experience | 1,250 | | (850) | | 625 | | | Benefit payments (including refunds of employee contributions) | (248,000) | | | | (217,960) | | | Net change in total pension liability | 66,205 | | 75,590 | | | | | Total pension liability, beginning | 2,083,715 | | | | 1,927,550 | | | Total pension liability, ending | | | | | | | | Plan fiduciary net position | | | | | | | | Contributionsemployee | $32,450 | | $36,240 | | | | | Contributionsemployer | 98,620 | | 102,530 | | 91,550 | | | Net investment income | 18,990 | | | | (21,510) | | | Benefit payments (including refunds of employee contributions) | (64,500) | | (42,780) | | (51,330) | | | Administrative expenses | (3,290) | | (3,110) | | (2,840) | | | Net change in plan fiduciary net position | | | 80,500 | | | | | Plan fiduciary net position, beginning | | | | | 1,011,680 | | | Plan fiduciary net position, ending | 1,220,490 | | | | 1,057,720 | | | Net pension liability, ending | $929,430 | | | | | | | Plan fiduciary net position as a percentage of total pension liability | | % | 54.62 | % | 52.67 | % | | Covered-employee payroll | | | | | $489,810 | | | Net pension liability as a percentage of covered-employee payroll | 185.09 | % | 194.86 | % | | % | | |
