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<br />
<br />4826-7904-2280v7/200434-0005
<br />Changes in the net pension liability for the City’s pension plans in the most recent Fiscal Year for which
<br />information is available is set forth in Table 7 below:
<br />TABLE 7
<br />City of Santa Ana
<br />Changes in CalPERS Pension Plans Net Pension Liability
<br />Miscellaneous Plan
<br />
<br />Total Pension
<br />Liability
<br />Increase
<br />(Decrease) in Plan
<br />Fiduciary Net
<br />Position
<br />Net Pension
<br />Liability (Asset)
<br />Balance at June 30, 2018(1) $ 898,789,769 $ 623,421,543 $ 275,368,226
<br />Changes in the year:
<br />Service cost 11,557,539 - 11,557,539
<br />Interest on total pension liability 63,170,975 - 63,170,975
<br />Differences between expected and actual
<br />experience 1,887,415 - 1,887,415
<br />Changes in assumptions - - -
<br />Plan to Plan Resource Movement - - -
<br />Contribution from the employer - 23,585,463 (23,585,463)
<br />Contribution from the employees - 4,649,932 (4,649,932)
<br />Net investment income - 40,383,805 (40,383,805)
<br />Benefit payments, including refunds of
<br />employee contributions (45,891,602) (45,891,602) -
<br />Administrative expense - (444,887) 444,887
<br />Other Miscellaneous Income/(Expense) - 1,444 (1,444)
<br />Net changes during Fiscal Year 2018-19 30,724,327 22,284,155 8,440,172
<br />Balance at June 30, 2019(1)
<br />
<br /> $ 929,514,096 $ 645,705,698 $ 283,808,398
<br />
<br />(1) Based on a valuation date of June 30, 2018 and a measurement date of June 30, 2019.
<br />Source: City’s Fiscal Year 2020 Annual Financial Report.
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