I-1 - Preliminary Official Statement - UR Loan Agreement

City of Tiffin Schedule of the City’s Proportionate Share of the Net Pension Liability Iowa Public Employees’ Retirement System For the Last Five Years* (In Thousands) Other Information 2019 2018 2017 2016 2015 City's proportion of the net pension liability 0.006335% 0.005757% 0.005342% 0.003621% 0.004056% City's proportionate share of the net pension liability $ 401 383 336 179 161 City's covered payroll $ 476 426 383 267 267 City's proportionate share of the net pension liability as a percentage of its covered payroll 84.24% 89.91% 87.73% 67.04% 60.30% IPERS' net position as a percentage of the total pension liability 83.62% 82.21% 81.82% 85.19% 87.61% * 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. See accompanying independent auditor’s report. 39