{"id":37,"date":"2021-02-08T19:23:39","date_gmt":"2021-02-08T19:23:39","guid":{"rendered":"https:\/\/afr.ua.edu\/2020\/?page_id=37"},"modified":"2021-03-12T22:34:19","modified_gmt":"2021-03-12T22:34:19","slug":"rsi","status":"publish","type":"page","link":"https:\/\/afr.ua.edu\/2020\/rsi\/","title":{"rendered":"RSI"},"content":{"rendered":"\n\n\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
Schedule of The University of Alabama's Proportionate Share of the Net Pension Liability<\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
Teachers' Retirement Plan of Alabama<\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
<\/td>
2020<\/td>
2019<\/td>
2018<\/td>
2017<\/td>
2016<\/td>\n<\/tr>\n
Employer's proportion of the net pension liability<\/td>
5.84%<\/div><\/td>
5.98%<\/div><\/td>
5.75%<\/div><\/td>
5.76%<\/div><\/td>
5.47%<\/div><\/td>\n<\/tr>\n
<\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
Employer's proportionate share of the<\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
collective net pension liability<\/span><\/td>
$646,185,000<\/div><\/td>
$594,410,000<\/div><\/td>
$565,233,000<\/div><\/td>
$623,398,000<\/div><\/td>
$572,814,000<\/div><\/td>\n<\/tr>\n
<\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
Employer's covered payroll during the<\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
measurement period<\/span><\/td>
$422,693,087<\/div><\/td>
$405,655,755<\/div><\/td>
$385,853,526<\/div><\/td>
$369,595,295<\/div><\/td>
$347,881,013<\/div><\/td>\n<\/tr>\n
<\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
Employer's proportionate share of the<\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
collective net pension liability as a percentage<\/span><\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
of its covered payroll<\/span><\/td>
152.87%<\/div><\/td>
146.53%<\/div><\/td>
146.49%<\/div><\/td>
168.67%<\/div><\/td>
164.66%<\/div><\/td>\n<\/tr>\n
<\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
Plan fiduciary net position as a percentage of<\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
the total collective pension liability<\/span><\/td>
69.85%<\/div><\/td>
72.29%<\/div><\/td>
71.50%<\/div><\/td>
67.93%<\/div><\/td>
67.51%<\/div><\/td>\n<\/tr>\n
<\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
Schedule of The University of Alabama's Contributions <\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
Teachers' Retirement Plan of Alabama <\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
<\/td>
2020<\/td>
2019<\/td>
2018<\/td>
2017<\/font><\/strong><\/td>
2016<\/td>\n<\/tr>\n
Contractually required contribution<\/td>
$52,175,581<\/div><\/td>
$51,222,334<\/div><\/td>
$48,018,757<\/div><\/td>
$45,024,221<\/div><\/td>
$43,303,201<\/div><\/td>\n<\/tr>\n
<\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
Contributions in relation to the contractually<\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
required contribution<\/span><\/td>
$52,175,581<\/div><\/td>
$51,222,334<\/div><\/td>
$48,018,757<\/div><\/td>
$45,024,221<\/div><\/td>
$43,303,201<\/div><\/td>\n<\/tr>\n
<\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
Contribution deficiency (excess)<\/td>
$-<\/div><\/td>
$-<\/div><\/td>
$-<\/div><\/td>
$-<\/div><\/td>
$-<\/div><\/td>\n<\/tr>\n
<\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
Employer's covered payroll<\/td>
$431,766,760<\/div><\/td>
$422,693,087<\/div><\/td>
$405,665,755<\/div><\/td>
$385,853,526<\/div><\/td>
$369,595,295<\/div><\/td>\n<\/tr>\n
<\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
Contributions as a percentage of<\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
covered payroll<\/span><\/td>
12.08%<\/div><\/td>
12.12%<\/div><\/td>
11.84%<\/div><\/td>
11.67%<\/div><\/td>
11.72%<\/div><\/td>\n<\/tr>\n
<\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
Notes to Schedules<\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
Employer's covered payroll: The payroll on which contributions to a pension plan are based.<\/span><\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
Measurement period:<\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
For fiscal year 2020, the measurement period is October 1, 2018 - September 30, 2019<\/span><\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
For fiscal year 2019, the measurement period is October 1, 2017 - September 30, 2018<\/span><\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
For fiscal year 2018, the measurement period is October 1, 2016 - September 30, 2017<\/span><\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
For fiscal year 2017, the measurement period is October 1, 2015 - September 30, 2016<\/span><\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
For fiscal year 2016, the measurement period is October 1, 2014 - September 30, 2015<\/span><\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

 <\/p>\n\n\n\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
Schedule of The University of Alabama's Proportionate Share of the Net OPEB Liability<\/td><\/td><\/td><\/td>\n<\/tr>\n
Alabama Retired Education Employees Health Care Trust<\/td><\/td><\/td><\/td>\n<\/tr>\n
<\/td>
2020<\/td>
2019<\/td>
2018<\/td>\n<\/tr>\n
Employer's proportion of the net pension liability<\/td>
2.89%<\/div><\/td>
3.25%<\/div><\/td>
3.47%<\/div><\/td>\n<\/tr>\n
<\/td><\/td><\/td><\/td>\n<\/tr>\n
Employer's proportionate share of the<\/td><\/td><\/td><\/td>\n<\/tr>\n
collective net OPEB liability<\/span><\/td>
$108,975,155<\/div><\/td>
$267,378,182<\/div><\/td>
$257,683,278<\/div><\/td>\n<\/tr>\n
<\/td><\/td><\/td><\/td>\n<\/tr>\n
Employer's covered payroll during the<\/td><\/td><\/td><\/td>\n<\/tr>\n
measurement period<\/span><\/td>
$422,693,087<\/div><\/td>
$405,665,755<\/div><\/td>
$385,853,526<\/div><\/td>\n<\/tr>\n
<\/td><\/td><\/td><\/td>\n<\/tr>\n
Employer's proportionate share of the<\/td><\/td><\/td><\/td>\n<\/tr>\n
collective net OPEB liability as a percentage<\/span><\/td><\/td><\/td><\/td>\n<\/tr>\n
of its covered payroll<\/span><\/td>
25.78%<\/div><\/td>
65.91%<\/div><\/td>
66.78%<\/div><\/td>\n<\/tr>\n
<\/td><\/td><\/td><\/td>\n<\/tr>\n
Plan fiduciary net position as a percentage of<\/td><\/td><\/td><\/td>\n<\/tr>\n
the total collective net OPEB liability<\/span><\/td>
28.14%<\/div><\/td>
14.81%<\/div><\/td>
15.37%<\/div><\/td>\n<\/tr>\n
<\/td><\/td><\/td><\/td>\n<\/tr>\n
Schedule of The University of Alabama's Contributions <\/td><\/td><\/td><\/td>\n<\/tr>\n
Alabama Retired Education Employees' Health Care Trust<\/td><\/td><\/td><\/td>\n<\/tr>\n
<\/td>
2020<\/td>
2019<\/td>
2018<\/td>\n<\/tr>\n
Contractually required contribution<\/td>
$8,450,780<\/div><\/td>
$8,214,794<\/div><\/td>
$7,988,277<\/div><\/td>\n<\/tr>\n
<\/td><\/td><\/td><\/td>\n<\/tr>\n
Contributions in relation to the contractually<\/td><\/td><\/td><\/td>\n<\/tr>\n
required contribution<\/span><\/td>
$8,450,780<\/div><\/td>
$8,214,794<\/div><\/td>
$7,988,277<\/div><\/td>\n<\/tr>\n
<\/td><\/td><\/td><\/td>\n<\/tr>\n
Contribution deficiency (excess)<\/td>
$-<\/div><\/td>
$-<\/div><\/td>
$-<\/div><\/td>\n<\/tr>\n
<\/td><\/td><\/td><\/td>\n<\/tr>\n
Employer's covered payroll<\/td>
$431,766,760<\/div><\/td>
$422,693,087<\/div><\/td>
$405,665,755<\/div><\/td>\n<\/tr>\n
<\/td><\/td><\/td><\/td>\n<\/tr>\n
Contributions as a percentage of<\/td><\/td><\/td><\/td>\n<\/tr>\n
covered payroll<\/span><\/td>
1.96%<\/div><\/td>
1.94%<\/div><\/td>
1.97%<\/div><\/td>\n<\/tr>\n
<\/td><\/td><\/td><\/td>\n<\/tr>\n
Notes to Schedules<\/td><\/td><\/td><\/td>\n<\/tr>\n
Employer's covered payroll: The payroll on which contributions to a pension plan are based.<\/span><\/td><\/td><\/td><\/td>\n<\/tr>\n
Measurement period:<\/td><\/td><\/td><\/td>\n<\/tr>\n
For fiscal year 2020, the measurement period is October 1, 2018 - September 30, 2019<\/span><\/td><\/td><\/td><\/td>\n<\/tr>\n
For fiscal year 2019, the measurement period is October 1, 2017 - September 30, 2018<\/span><\/td><\/td><\/td><\/td>\n<\/tr>\n
For fiscal year 2018, the measurement period is October 1, 2016 - September 30, 2017<\/span><\/td><\/td><\/td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n","protected":false},"excerpt":{"rendered":"

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