| ninja_column_6 | |||||
|---|---|---|---|---|---|
Schedule of The University of Alabama's Proportionate Share of the Net Pension Liability | |||||
Teachers' Retirement Plan of Alabama | |||||
|
|
|
|
| |
| Employer's proportion of the net pension liability | 5.98% | 5.75% | 5.76% | 5.47% | 5.20% |
| Employer's proportionate share of the | |||||
collective net pension liability | $594,410,000 | $565,233,000 | $623,398,000 | $572,814,000 | $472,075,000 |
| Employer's covered payroll during the | |||||
measurement period | $405,655,755 | $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 | 146.53% | 146.49% | 168.67% | 164.66% | 143.22% |
| Plan fiduciary net position as a percentage of | |||||
the total collective pension liability | 72.29% | 71.50% | 67.93% | 67.51% | 71.01% |
Schedule of The University of Alabama's Contributions | |||||
Teachers' Retirement Plan of Alabama | |||||
|
|
|
|
| |
| Contractually required contribution | $51,222,334 | $48,018,757 | $45,024,221 | $43,303,201 | $39,092,939 |
| Contributions in relation to the contractually | |||||
required contribution | $51,222,334 | $48,018,757 | $45,024,221 | $43,303,201 | $39,092,939 |
| Contribution deficiency (excess) | $- | $- | $- | $- | $- |
| Employer's covered payroll | $422,693,087 | $405,665,755 | $385,853,526 | $369,595,295 | $347,881,013 |
| Contributions as a percentage of | |||||
covered payroll | 12.12% | 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 2019, the measurement period is October 1, 2017 - September 30, 2018 | |||||
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 |
| ninja_column_6 | ninja_column_2 | |
|---|---|---|
Schedule of The University of Alabama's Proportionate Share of the Net OPEB Liability | ||
Alabama Retired Education Employees Health Care Trust | ||
|
| |
| Employer's proportion of the net pension liability | 3.25% | 3.47% |
| Employer's proportionate share of the | ||
collective net OPEB liability | $267,378,182 | $257,683,278 |
| Employer's covered payroll during the | ||
measurement period | $405,665,755 | $385,853,526 |
| Employer's proportionate share of the | ||
collective net OPEB liability as a percentage | ||
of its covered payroll | 65.91% | 66.78% |
| Plan fiduciary net position as a percentage of | ||
the total collective net OPEB liability | 14.81% | 15.37% |
Schedule of The University of Alabama's Contributions | ||
Alabama Retired Education Employees' Health Care Trust | ||
|
| |
| Contractually required contribution | $8,214,794 | $7,988,277 |
| Contributions in relation to the contractually | ||
required contribution | $8,214,794 | $7,988,277 |
| Contribution deficiency (excess) | $- | $- |
| Employer's covered payroll | $422,693,087 | $405,665,755 |
| Contributions as a percentage of | ||
covered payroll | 1.94% | 1.97% |
| Notes to Schedules | ||
Employer's covered payroll: The payroll on which contributions to a pension plan are based. | ||
| Measurement period: | ||
For fiscal year 2019, the measurement period is October 1, 2017 - September 30, 2018 | ||
For fiscal year 2018, the measurement period is October 1, 2016 - September 30, 2017 |