Delaware County, Indiana
Schedule of the Changes in the County's Net Pension Liability and Related Ratios -
Schedule of County Contributions -
Sheriff's Benefit Plan
Last 10 Fiscal Years
Scroll table horizontally to view all years →
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Actuarially Determined Contribution | $ 68,874 | $ 69,091 | $ 39,040 | $ 45,373 | $ 53,421 | $ 61,105 | $ 54,804 | $ 52,127 | $ 56,888 | $ 78,463 |
|
Contributions in Relation to the Contractually Required Contributions |
(68,874) | (69,091) | (39,040) | (45,373) | (53,421) | (61,105) | (54,804) | (52,127) | (56,888) | (78,463) |
| Contribution (Excess) | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - | $ - |
| County's Covered Payroll | $ 2,945,261 | $ 2,887,161 | $ 2,558,168 | $ 2,626,684 | $ 1,994,927 | $ 2,100,928 | $ 2,063,384 | $ 2,155,223 | $ 2,032,474 | $ 2,075,934 |
|
Contributions as a Percentage of Covered Payroll |
2.34% | 2.39% | 1.53% | 1.73% | 2.68% | 2.91% | 2.66% | 2.42% | 2.80% | 3.78% |
Notes:
Valuation date:
Actuarially determined contribution rates are calculated as of January 1, two years prior to the end of the fiscal year in which contributions are reported.
Methods and assumptions used to determine most current contributions rate above:
| Actuarial cost method | Aggregate |
| Amortization method | Not Applicable |
| Remaining amortization period | Not Applicable |
| Asset valuation method | 5-Year Asset Smoothing, limited to 80% and 120% of market value |
| Inflation | 3.00% |
| Salary Increases | 4.00% average, including inflation |
| Investment rate of return | 6.75% |
| Retirement age | The later of age 55 and 10 years of service (age 55 for participants hired prior to December 1, 2014) or one year from the valuation date |
| Mortality |
Pub-2010 Safety Amount-Weighted Mortality Projected Generationally with Scale MP-2020 (separate employee, retiree, contingent survivor, and disabled retiree tables and male & female tables) |
Other information:
None