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

City of Tiffin Schedule of the Primary Government's Contributions Iowa Public Employees' Retirement System Last Four Fiscal Years (In Thousands) Other Information 2025 2024 2023 2022 Statutorily required contribution $ 163 $ 127 $ 100 $ 81 Contributions in relation to the Statutorily required contribution (163) (127) (100) (81) Contribution deficiency $ - $ - $ - $ - City's covered payroll $ 1,726 $ 1,443 $ 1,060 $ 861 Contributions as a percentage of covered payroll 9.44% 8.80% 9.43% 9.41% 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. 36