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CITY OF PARIS, TEXAS Schedule 3
<br />Required Supplementary Infommtion
<br />Paris Firefighters' Relief and Retirement Fund -
<br />Schedule of Changes in Net Pension Liability and Related Ratios
<br />Year Ended September 30, 2023
<br />Note: The pension schedules in the required sapplesensry information are intended to show information for ten years. Additional years' information will be displayed as it becomes available.
<br />80
<br />Plan Yew Ended December 31,
<br />2022
<br />2021
<br />2020
<br />2019
<br />2018
<br />2017
<br />2016
<br />2015
<br />2014
<br />Total Pension Liability
<br />Service Cost
<br />S 185,002
<br />$ 273,163
<br />$ 263,769
<br />$ 244,258
<br />$ 263,477
<br />$ 254,567
<br />$ 258,484
<br />$ 247,353
<br />$ 236,701
<br />Interest
<br />1,139,106
<br />1,128,647
<br />1,098,206
<br />1,081,834
<br />1,109,567
<br />1,094,074
<br />1,109,262
<br />1,092,874
<br />1,087,700
<br />Changes in Benefit Terms
<br />(1,165,161)
<br />-
<br />-
<br />-
<br />-
<br />-
<br />-
<br />-
<br />Differences Between Expected and Actual Experience
<br />(344,787)-
<br />125,175
<br />(650,764)
<br />(65,973)
<br />(238,406)
<br />Changes in Assumptions
<br />733,322
<br />-
<br />-
<br />562,256
<br />-
<br />616,266
<br />-
<br />134,458
<br />Benefit Payments, Including Refunds of Employee Contributions
<br />(1,202,081)
<br />(1,136,694)
<br />(1,016,641)
<br />(1,222,906)
<br />(1,052.502)
<br />(1,249,430)
<br />(1,136,379)
<br />(1,156,654)
<br />(1.200,964)
<br />Net Change is Total Pension Liability
<br />(654,599)
<br />265,116
<br />470,509
<br />103,186
<br />232,034
<br />99,211
<br />781,660
<br />183,573
<br />19,489
<br />Total Pension Liability - Beginning
<br />16.127,851
<br />15.862,735
<br />15,392,226
<br />15,289,040
<br />15,057,006
<br />14,957,795
<br />14.175,471
<br />13,991,898
<br />13,972,409
<br />Total Pension Liability -Ending
<br />$ 15,473,252
<br />$16,127,851
<br />$ 15,862,735
<br />$15,392,226
<br />$ 15,289.040
<br />$ 15,057,106
<br />$ 14,957,131
<br />$ 14,175,471
<br />$ 13,991,898
<br />Plan Fiduciary Net Position
<br />Contributions -Employer
<br />S 12,521,952
<br />S 457,000
<br />S 388,839
<br />$ 393,136
<br />$ 336,951
<br />$ 326,396
<br />S 317,902
<br />S 310,483
<br />$ 281,896
<br />Contributions - Employee
<br />425,088
<br />522,286
<br />444,388
<br />449,298
<br />411,944
<br />407,996
<br />397,475
<br />388,212
<br />352,370
<br />Net Investment Income
<br />(1,048,039)
<br />471,438
<br />482,463
<br />758,981
<br />(302,649)
<br />578,324
<br />377,387
<br />(121,104)
<br />245,555
<br />Benefit Payments, Including Refunds of Employee Contributions
<br />(1,202,081)
<br />(1,136,694)
<br />(1,016,641)
<br />(1,222,906)
<br />(1,052,502)
<br />(1,249,430)
<br />(1,136,379)
<br />(1,156,654)
<br />(1,200,964)
<br />Administrative Expense
<br />(41,262)
<br />(52,994)
<br />(25,739)
<br />(33,025)
<br />(31,444)
<br />(37,553)
<br />(70,404)
<br />(6,500)
<br />(84,445)
<br />Other
<br />5
<br />2,121
<br />5,315
<br />Net Change in Plan Fiduciary Net Position
<br />10,655,658
<br />261,036
<br />273,310
<br />345,484
<br />(637,700)
<br />25,738
<br />(111,898)
<br />(585,563)
<br />(400,273)
<br />Plan Fiduciary Net Position - Beginning
<br />5,032,140
<br />4,771,104
<br />0.497,794
<br />4,152,310
<br />4,790.010
<br />4,764.272
<br />4,876.170
<br />5,461,733
<br />5,862.006
<br />Plan Fiduciary Net Position - Ending
<br />S15,687,798
<br />S 5,032,140
<br />S 4,771,104
<br />$ 4,497,794
<br />S 4,152,310
<br />S 4,790,010
<br />S 4,764,272
<br />S 4,876,170
<br />S 5,461,733
<br />City's Net Pension Liability (Asset) - Ending
<br />S (214,546)
<br />S 11,095,711
<br />$ 11,091,631
<br />$ 10,894,432
<br />$ 11,136,730
<br />$ 10,266,996
<br />S 10,192,859
<br />$ 9,299,301
<br />$ 8,530,165
<br />Plan Fiduciary Net Position as a Percentage of the Total
<br />Pension Liability
<br />101.39%
<br />3120%
<br />30.10%
<br />29.20°/
<br />27.16%
<br />31.81%
<br />31,85%
<br />34.40%
<br />39.03%
<br />Covered Payroll
<br />$ 3,542,400
<br />S 3,264,288
<br />$ 2,777,425
<br />$ 2,808,113
<br />$ 2,712,961
<br />$ 2,717,229
<br />$ 2,785,912
<br />S 2,511,047
<br />S 2,368,370
<br />City's Net Pension Liability as a Percentage of Covered
<br />Payroll
<br />-6.069/6
<br />339.91%
<br />399.30%
<br />388.00%
<br />410.50%
<br />377.85%
<br />365.87°/
<br />370.34%
<br />360.17°/
<br />Note: The pension schedules in the required sapplesensry information are intended to show information for ten years. Additional years' information will be displayed as it becomes available.
<br />80
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