Packet: Tiffin City Council Work Session (01/20/2026)

City of Tiffin Schedule of the City's Proportionate Share of the Net Pension Liability Iowa Public Employees' Retirement System For the Last Four Years* (In Thousands) Other Information 2025 2024 2023 2022 City's Proportion of the net pension liability (asset) Regular 0.012713 % 0.011488 % 0.010173 % 0.009961 % Protection 0.032285 % 0.006314 % City's Proportionate share of the net pension liability (asset) Regular $ 469 $ 530 $ 404 $ 14 Protection (41) (5) - - City's Covered payroll Regular $ 1,545 $ 1,295 $ 1,060 $ 861 Protection 181 148 - - Proportionate share of the net pension liability (asset) as a percentage of covered payroll Regular 30.36 % 40.93 % 38.11 % 1.63 % Protection -22.65 % -3.38 % Plan fiduciary net position as a percentage of the total pension liability 92.30 % 90.13 % 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. 35