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 | 5.75% | 5.76% | 5.47% | 5.20% |
| Employer's proportionate share of the collective net pension liability | $565,233,000 | $623,398,000 | $572,814,000 | $472,075,000 |
| Employer's covered payroll during the measurement period | $385,853,526 | $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 payroll | 146.49% | 168.67% | 164.66% | 143.22% |
| Plan fiduciary net position as a percentage of the total collective pension liability | 71.50% | 67.93% | 67.51% | 71.01% |
Schedule of The University of Alabama's Contributions | ||||
Teachers' Retirement Plan of Alabama | ||||
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| Contractually required contribution | $48,018,757 | $45,024,221 | $43,303,201 | $39,092,939 |
| Contributions in relation to the contractually required contribution | $48,018,757 | $45,024,221 | $43,303,201 | $39,092,939 |
| Contribution deficiency (excess) | $- | $- | $- | $- |
| Employer's covered payroll | $405,665,755 | $385,853,526 | $369,595,295 | $347,881,013 |
| Contributions as a percentage of covered payroll | 11.84% | 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 2018, the measurement period is October 1, 2016 - September 30, 2017 | ||||
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 |