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, 2016 Total Pension Liability Service cost Interest Difference between expected and actual experience 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 $ 2,355,421 2,177,586 728,798 (1,115,876) 4,145,929 31,666,303 $ 35,812,232 $ 2,179,687 1,031,701 578,136 (1,115,876) (15,995) (223) 2,657,430 28,103,125 $ 30,760,555 $ 5,051,677 85.89% $ 22,254,970 22.70% $ 2,242,139 1,865,113 1,273,190 (717,210) 4,663,232 27,003,071 $ 31,666,303 $ 2,102,230 1,004,829 1,202,198 (717,210) (13,734) (261) 3,578,052 24,525,073 $ 28,103,125 $ 3,563,178 88.75% $ 21,098,905 16.89% June 30, 2015 June 30, 2014 $ 2,206,642 1,647,355 – (769,149) 3,084,848 23,918,223 $ 27,003,071 $ 2,153,139 977,870 3,169,360 (769,149) (14,928) 167 5,516,459 19,008,614 $ 24,525,073 $ 2,477,998 90.82% $ 19,834,457 12.49% 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. REQUIRED SUPPLEMENTARY INFORMATION FINANCIAL SECTION 79
Prince William County Service Authority | 4 County Complex Court Woodbridge, VA 22192
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