CITY OF NASHUA, NEW HAMPSHIRE
BOARD OF PUBLIC WORKS' RETIREMENT SYSTEM
REQUIRED SUPPLEMENTARY INFORMATION
SCHEDULE OF CHANGES IN THE NET PENSION LIABILITY
(Unaudited)
2021 2020 O19 2018 2017 2016 2015 O14
Total Pension Liability
Service cost $ 1,194,402 $ 0,159613 8 1.159.714 $1,125,936 8 1102418 § 1,070,306 F 833,083 $ 801,04)
Interest 3,546,569 3.438385 3,413,621 3,302,509 3,317,923 3,201,701 3,165,454 3,056,600
Differences between expected and actual expenence (933,080) = (794,224) = (262,266) . 84,012 -
Changes of assumptions 1,910,247 - (466,050) - 24,291 : (1,231,934) -
Benefit payments, inching refunds of
member conmibutons 3,179,286} (2,998,396) (2,931,280) (2,830,049) (2,752,954) (2,650,932) (2,526,991) (2,255,102)
Net change in total pension Kabibty 2,538,852 1,599,602 391,781 1,598,396 1,429,409 1,621,075 323,624 1,602,539
Total pension habilty - begwuing 51,033,623 49,434.02] 49042240 47,445,844 46.014435 44,393,360 —44.069,736 = 42,466,375
Total pension kability + ending (a) 53,572,475 St,033,623 49,434,021 49,042,240 47,443,844 46,014,435 44,393,360 44,068,914
Plan Fiduciary Net Position
Contributions - employer 907,292 852,993 832,686 823,768 795,263 794,440 772,343 743,527
Contribunons - member 907,292 852,993 832,686 823,768 795,263 794,440 772,343 742,704
Net mivestment income VL ,103,338 1,909,696 2,871,652 3,290,484 3,956,902 115,127 1,104,870 3,478,296
Benefit payments, mcludng refunds of
member contnbunons (3,179,286) (2,998,396) (2,921,280) (2,830,049) (2.752.954) (2,650,932) (2,526,991) (2,254,280)
Admamnustrative expense (61,626) (51.616) (2,580) (2,569) (2,504) (2,903) (2,359) (14,809)
Net change m plan fiduciary net posibon 9,677,010 565,670 1,613,164 2,105,402 2.791.570 (949,823) 126,206 2.695, 438
Plan fiduciary net posivon - begmung 43,638,120 43,072,450 41,459,286 39,353,884 36,562,314 37,512,143 37,391,937 34,696,499
Plan fiduciary net posinon - ending (b) 53,315,130 43,638,120 43,072,450 41,459,286 39,353,884 36,562,315 37,512,143 37,391,937 |
Net pension ability (asset) - ending (a-b) $ 257345 & 7.395503 3 6.365.571 $7,582,954 $ $.089,960 § 9.452.120 5 688217 $6,676,977 |
Schedule is tntended ta show information for 10 years. Additional years will be displayed as they become available.
Sce notes to the Cris’s fi ial for » of signifi Imeihods and 4
See Independent Audtors’ Report
158
