WS - D - Tiffin FS - FY 2023

City of Tiffin Schedule of the City's Proportionate Share of the Net Pension Liability Iowa Public Employees' Retirement System For the Last Two Years* (In Thousands) Other Information 2023 2022 City's Proportion of the net pension liability (asset) Regular 0.010173 % 0.009961 % City's Proportionate share of the net pension liability (asset) Regular $ 404 $ 14 City's Covered employee payroll Regular $ 1,060 $ 861 Proportionate share of the net pension liability (asset) as a percentage of covered payroll Regular 38.11 % 1.63 % Plan fiduciary net position as a percentage of the total pension liability 91.41 % 100.81 % * In accordance with GASB Statement No. 68, the amounts presented for each fiscal year were determined as of June 30 of the preceding fiscal year. Note: GASB Statement No. 68 requires ten years of information to be presented in this table. However, until a full ten year trend is compiled, the City will present information for those years for which information is available. See notes to other information – pension liability. 31