Prince William County Service Authority Required Supplementary Information (Unaudited) Schedule of Changes in Net Pension Liability and Related Ratios – VRS Information presented is based on the actuarial information for the plan year ended: June 30, 2019 Total Pension Liability Service cost Interest Difference between expected and actual experience Changes of assumptions Benefit payments, including refunds of employee contributions Net change in total pension liability Total pension liability - beginning Total pension liability - ending (a) Plan Fiduciary Net Position Contributions - employer Contributions - employee Net investment income Benefit payments, including refunds of employee contributions Administrative expense Other Net change in plan fiduciary net position Plan fiduciary net position - beginning Plan fiduciary net position - ending (b) Net pension liability - ending (a) - (b) Plan fiduciary net position as a percentage of the total pension liability - end of year Covered payroll Net pension liability as a percentage of covered payroll $ 2,328,302 2,921,479 1,180,278 1,586,517 (1,561,607) 6,454,969 42,516,211 $ 48,971,180 $ 2,515,217 1,213,286 2,903,907 (1,561,607) (25,628) (1,872) 5,043,303 41,884,697 $ 46,928,000 $ 2,043,180 95.83% $ 28,187,573 7.25% $ 2,271,207 2,632,373 594,573 – (1,174,533) 4,323,620 38,192,591 $ 42,516,211 $ 2,400,611 1,219,540 2,797,714 (1,174,533) (21,705) (2,599) 5,219,028 36,665,669 $ 41,884,697 $ 631,514 98.51% $ 26,498,366 2.38% June 30, 2018 June 30, 2017 $ 2,309,644 2,461,107 (22,744) (1,060,533) (1,307,115) 2,380,359 35,812,232 $ 38,192,591 $ 2,243,187 1,068,016 3,924,943 (1,307,115) (20,334) (3,583) 5,905,114 30,760,555 $ 36,665,669 $ 1,526,922 96.00% $ 23,622,592 6.46% This schedule is presented with the requirement to show information for ten years. However, until a full ten-year trend is compiled, the Authority will present information for those years which information is available. See accompanying notes to required supplementary information. 78 FINANCIAL SECTION REQUIRED SUPPLEMENTARY INFORMATION
Prince William County Service Authority | 4 County Complex Court Woodbridge, VA 22192
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