Schedule of The University of Alabama's Proportionate Share of the Net Pension Liability | |||
Teachers' Retirement Plan of Alabama | |||
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Employer's proportion of the net pension liability | 5.76% | 5.47% | 5.20% |
Employer's proportionate share of the | |||
collective net pension liability | $623,398,000 | $572,814,000 | $472,075,000 |
Employer's covered payroll during the | |||
measurement period |
$369,595,295 | $347,881,013 | $329,612,262 |
Employer's proportionate share of the | |||
collective net pension liability as a percentage | |||
of its covered-employee payroll | 168.67% | 164.66% | 143.22% |
Plan fiduciary net position as a percentage of | |||
the total collective pension liability | 67.93% | 67.51% | 71.01% |
Schedule of The University of Alabama's Contributions | |||
Teachers' Retirement Plan of Alabama | |||
| | | |
Contractually required contribution | $45,024,221 | $43,303,201 | $39,092,939 |
s | |||
Contributions in relation to the contractually | |||
required contribution | $45,024,221 | $43,303,201 | $39,092,939 |
Contribution deficiency (excess) | $ - | $ - | $ - |
Employer's covered payroll | $385,853,526 | $369,595,295 | $347,881,013 |
Contributions as a percentage of | |||
covered-employee payroll | 11.67% | 11.72% | 11.24% |
Notes to Schedules: | |||
Employer's covered payroll: The payroll on which contributions to a pension plan are based. | |||
Measurement period: | |||
For fiscal year 2017, the measurement period is October 1, 2015 - September 30, 2016 | |||
For fiscal year 2016, the measurement period is October 1, 2014 - September 30, 2015 | |||
For fiscal year 2015, the measurement period is October 1, 2013 - September 30, 2014 |