Exercise 8-26 (Algo) Pension Calculations [LO 8-5]Bluff County's schedule of changes in net pension liability and related ratios is shown below. (Deductions should be indicated by aminus sign. Do not round intermediate calculations. Round percentage answers to 2 decimal places and other answers to nearestwhole dollar.)RequiredCompute the missing amounts.Total pension liabilityService costInterestBLUFF COUNTY EMPLOYEE RETIREMENT SYSTEMSchedule of Changes in the County's Net Pension Liability and Related RatiosLast Three Fiscal Years2023Differences between expected and actual experienceBenefit payments (including refunds of employee contributions)Net change in total pension liabilityTotal pension liability, beginningTotal pension liability, endingPlan fiduciary net positionContributions-employeeContributions-employerNet investment incomeBenefit payments (including refunds of employee contributions)Administrative expensesNet change in plan fiduciary net position20222021$123,355$125,700 $182,710130,550172,5601,276(254,500)(915)690(219,260)66,85575,6552,085,0151,924,820$32,720$36,37098,900102,59591,68019,860(22,810)(65,510)(42,910)(51,980)(3,540)(3,240)(2,970)81,8001,024,6801,064,220Plan fiduciary net position, beginningPlan fiduciary net position, ending1,228,450Net pension liability, ending$923,420Plan fiduciary net position as a percentage of total pension liabilityCovered payroll%54.96 %52.96 %$496,310Net pension liability as a percentage of covered payroll198.09 %196.16 %%ง

Name: Exercise 8-26 (Algo) Pension Calculations [LO 8-5]Bluff County's sche
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: Exercise 8-26 (Algo) Pension Calculations [LO 8-5]Bluff County's schedule of changes in net pension liability and related ratios is shown below. (Deductions should be indicated by aminus sign. Do not round intermediate calculations. Round percentage