Question - How do you find covered payroll on a schedule of changes in net pension liability and related ratios chart?
How do you find "New pension liability as a percentage of covered payroll"?
Net change in plan fiduciary net position 83,435 82,300 37,040
Plan fiduciary net position, beginning 1,149,020 1,066,720 1,029,680
Plan fiduciary net position, ending 1,232,455 1,149,020 1,066,720
Net pension liability, ending $920,165 $936,495 $943,115
Plan fiduciary net position as a percentage of total pension liability 57.25% 55.10% 53.08%
Covered payroll ? ? $498,810
Net pension liability as a percentage of covered payroll 203.09% 196.66% % (?)