Annual financial audit, 2021 June 30, Georgia Firefighters' Pension Fund, a component unit of the State of Georgia : schedule of employer and nonemployer allocations and schedule of pension amounts by employer and nonemployer.

ANNUAL FINANCIAL AUDIT JUNE 30, 2021
Georgia Firefighters' Pension Fund
A Component Unit of the State of Georgia
Schedule of Employer and Nonemployer Allocations and Schedule of Pension Amounts by Employer and Nonemployer
Greg S. Griffin | State Auditor Kristina A. Turner | Deputy State Auditor

Greg S. Griffin State Auditor
INDEPENDENT AUDITOR'S REPORT
Members of the Board of Trustees of the Georgia Firefighters' Pension Fund and
Mr. C. Morgan Wurst, Executive Director
We have audited the accompanying schedule of employer and nonemployer allocations of the Georgia Firefighters' Pension Fund (Fund), a component unit of the State of Georgia, as of and for the year ended June 30, 2021, and the related notes. We have also audited the total for all entities of the columns titled net pension liability, total deferred outflows of resources, total deferred inflows of resources, and total employer pension expense (specified column totals) included in the accompanying schedule of pension amounts by employer and nonemployer of the Fund as of and for the year ended June 30, 2021, and the related notes.
Management's Responsibility for the Schedules
Management is responsible for the preparation and fair presentation of the schedule of employer and nonemployer allocations and the schedule of pension amounts by employer and nonemployer (collectively, the Schedules) in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of the Schedules that are free from material misstatement, whether due to fraud or error.
Auditor's Responsibility
Our responsibility is to express opinions on these Schedules based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the Schedules are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the Schedules. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the Schedules, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Fund's preparation and fair presentation of the Schedules in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Fund's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the Schedules.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
270 Washington Street, SW, Suite 4-101 Atlanta, Georgia 30334 | Phone (404) 656-2180

Opinions In our opinion, the Schedules referred to above present fairly, in all material respects, the employer and nonemployer allocations and net pension liability, total deferred outflows of resources, total deferred inflows of resources and total employer pension expense of the Fund as of and for the year ended June 30, 2021 in accordance with accounting principles generally accepted in the United States of America. Other Matter We have audited, in accordance with the auditing standards generally accepted in the United States of America, the financial statements of the Fund as of and for the year ended June 30, 2021. Our report thereon, dated April 29, 2022, expressed an unmodified opinion on those financial statements. Restriction on Use Our report is intended solely for the information and use of the Fund's management, members of the Board of Trustees, the Fund employers, nonemployer contributing entities, and their auditors and is not intended to be and should not be used by anyone other than these specified parties. Respectfully submitted,
Greg S. Griffin State Auditor April 29, 2022
2

GEORGIA FIREFIGHTERS' PENSION FUND (A Component Unit of the State of Georgia)
Schedule of Employer and Nonemployer Allocations
For the year ended June 30, 2021

Employer
State of Georgia - Nonemployer Contributing Entity State's Proportionate Share Associated with:
Abbeville Fire Department Adel Fire Department Adrian Volunteer Firefighter Ailey Fire Department Alamo Fire Department Alapaha Fire Department Albany Fire Department Allentown Volunteer Fire Department Alma - Bacon County Fire Department Alpharetta Fire Department Americus Fire Department Antioch Volunteer Fire Department Appling County Fire Department Arcade Fire Department Arnoldsville Volunteer Fire Department Ashburn Fire Department Athens - Clarke County Fire & Emergency Atkinson County Volunteer Fire Department Atlanta Fire Department Augusta Fire Department Augusta Regional Airport Fire Department Austell Fire Department Avera Fire Department Bainbridge Fire Department Baldwin County Fire Department Baldwin Fire Department Banks County Fire Department Barnesville Fire Department Barrow County Fire Department Bartow County Fire Department Bartow Volunteer Fire Department Baxley Fire Department Beaverdam Volunteer Fire Department Ben Epps Field - Athens Clarke County Ben Hill Volunteer Fire Department Bent Tree Volunteer Fire Department Bethany - Salem Fire Department Big Canoe Fire Department
3

Number of Active Members

Allocation Percentage

6

0.043802%

29

0.211710%

2

0.014601%

6

0.043802%

7

0.051102%

2

0.014601%

100

0.730034%

6

0.043802%

12

0.087604%

75

0.547525%

38

0.277413%

14

0.102205%

37

0.270112%

4

0.029201%

2

0.014601%

2

0.014601%

169

1.233757%

14

0.102205%

589

4.299898%

184

1.343262%

8

0.058403%

17

0.124106%

8

0.058403%

1

0.007300%

43

0.313914%

6

0.043802%

29

0.211710%

9

0.065703%

45

0.328515%

95

0.693532%

14

0.102205%

18

0.131406%

1

0.007300%

1

0.007300%

3

0.021901%

1

0.007300%

3

0.021901%

7

0.051102%

GEORGIA FIREFIGHTERS' PENSION FUND (A Component Unit of the State of Georgia)
Schedule of Employer and Nonemployer Allocations
For the year ended June 30, 2021

Employer
State of Georgia - Nonemployer Contributing Entity State's Proportionate Share Associated with:
Blackshear Fire Department Blakely Fire Department Bleckley County Fire Department Bloomingdale Fire Department Bold Springs Fire Department Bremen Fire Department Broxton Fire Department Brunswick Fire Department Bryan County Fire Department Buckeye Volunteer Fire Department Buena Vista Fire Rescue Bulloch County Fire Department Burke County Fire Department Butler Fire Department Butts County Fire Department Byromville Fire Department Byron Fire Department Cairo Fire Department Calhoun Fire Department Calvary Volunteer Fire Department Camden County Fire Rescue Camilla Fire Department Canon Volunteer Fire Department Canoochee Fire Department Carlton Volunteer Fire Department Carnesville Volunteer Fire Department Carroll County Fire Rescue Carrollton Fire Department Cartersville Fire Department Cataula Volunteer Fire Department Catoosa County Fire Department Cave Spring Fire Department Cedar Creek Fire Department Cedartown Fire Department Centerville Fire Department Charlton County Fire Department Chatham Emergency Services
4

Number of Active Members

Allocation Percentage

14

0.102205%

3

0.021901%

14

0.102205%

9

0.065703%

20

0.146007%

7

0.051102%

3

0.021901%

13

0.094904%

25

0.182508%

5

0.036502%

1

0.007300%

41

0.299314%

31

0.226310%

17

0.124106%

9

0.065703%

14

0.102205%

14

0.102205%

25

0.182508%

41

0.299314%

5

0.036502%

81

0.591327%

7

0.051102%

10

0.073003%

8

0.058403%

13

0.094904%

10

0.073003%

56

0.408819%

66

0.481822%

73

0.532925%

13

0.094904%

48

0.350416%

2

0.014601%

4

0.029201%

22

0.160607%

13

0.094904%

2

0.014601%

81

0.591327%

GEORGIA FIREFIGHTERS' PENSION FUND (A Component Unit of the State of Georgia)
Schedule of Employer and Nonemployer Allocations
For the year ended June 30, 2021

Employer
State of Georgia - Nonemployer Contributing Entity State's Proportionate Share Associated with:
Chatsworth Fire Department Chauncey Volunteer Fire Department Cherokee County Fire Department Chester Volunteer Fire Department City Of Chattahoochee Hills City Of Milton Fire Department Clarkesville Fire Department Claxton Fire Department Clayton County Fire Department Cloudland Volunteer Fire Department Cobb County Fire Department Cobbtown Fire Department Cochran Fire Department Coffee County Fire Department Colbert Fire Department College Park Fire Department Collins Volunteer Fire Department Collins Volunteer Fire Department (Madison County) Colquitt - Miller Fire Department Colquitt County Volunteer Fire Association Columbia County Fire Rescue Columbus Fire & Emergency Medical Services Comer Volunteer Fire Department Commerce Fire Department Cordele Fire Department Cornelia Fire Department Covington Fire Department Coweta County Fire Department Crawford County Volunteer Fire Department # 8 Crisp County Fire Department Crossroad Volunteer Fire Department Cusseta - Chattahoochee County Volunteer Fire Department Cuthbert Fire Department Dalton Fire Department Danielsville Fire Department Darien Fire Rescue Davisboro Fire Department

Number of Active Members
10 1
401 4 4
59 4
16 282
6 632
13 3
25 3
45 3 3
23 30 178 354
9 18 18 14 52 132 15 19
3 22
1 91
6 0 16

Allocation Percentage
0.073003% 0.007300% 2.927435% 0.029201% 0.029201% 0.430720% 0.029201% 0.116805% 2.058695% 0.043802% 4.613812% 0.094904% 0.021901% 0.182508% 0.021901% 0.328515% 0.021901% 0.021901% 0.167908% 0.219010% 1.299460% 2.584319% 0.065703% 0.131406% 0.131406% 0.102205% 0.379617% 0.963644% 0.109505% 0.138706% 0.021901% 0.160607% 0.007300% 0.664331% 0.043802% 0.000000% 0.116805%

5

GEORGIA FIREFIGHTERS' PENSION FUND (A Component Unit of the State of Georgia)
Schedule of Employer and Nonemployer Allocations
For the year ended June 30, 2021

Employer
State of Georgia - Nonemployer Contributing Entity State's Proportionate Share Associated with:
Dawson County Fire Department Dawson Fire Department Dearing Fire Department Decatur County Fire Department Decatur Fire Department Deepstep Area Fire Department Dekalb County Fire Department Demorest Fire Department Devils Pond Volunteer Fire Department Donalsonville Fire Department Dooly County Fire Department Double Churches Fire Department Douglas County Fire Department Douglas Fire Department Dublin Fire Department Early County Fire Department East Berrien Fire Department East Dublin Fire Department East Point Fire Department Eastman Fire Department Eatonton Fire Department Echols County Volunteer Fire Department Effingham County Fire Department Elbert County Fire Department Elberton Fire Department Ellaville (Schley County) Fire Department Ellerslie Fire Department Ellijay Fire Department Emanuel County Rural Fire Department Enigma Volunteer Fire Department Eton Fire Department Evans County Fire & Rescue Fairburn Fire Department Fairfield Plantation Fire Department Fannin County Fire Department Fayette County Fire Department Fayetteville Fire Department
6

Number of Active Members

Allocation Percentage

33

0.240911%

5

0.036502%

1

0.007300%

11

0.080304%

23

0.167908%

2

0.014601%

550

4.015185%

9

0.065703%

2

0.014601%

8

0.058403%

17

0.124106%

11

0.080304%

110

0.803037%

32

0.233611%

18

0.131406%

1

0.007300%

11

0.080304%

1

0.007300%

41

0.299314%

14

0.102205%

13

0.094904%

5

0.036502%

57

0.416119%

77

0.562126%

15

0.109505%

17

0.124106%

20

0.146007%

3

0.021901%

3

0.021901%

3

0.021901%

1

0.007300%

25

0.182508%

23

0.167908%

6

0.043802%

34

0.248211%

124

0.905242%

46

0.335815%

GEORGIA FIREFIGHTERS' PENSION FUND (A Component Unit of the State of Georgia)
Schedule of Employer and Nonemployer Allocations
For the year ended June 30, 2021

Employer
State of Georgia - Nonemployer Contributing Entity State's Proportionate Share Associated with:
Fitzgerald Fire Department Five Area Volunteer Fire Department Five Points Fire District - Macon County Flinthill Fire Department Flovilla Fire Department Forest Park Fire Department Forsyth County Fire Department Forsyth Fire Department Fort Oglethorpe Fire Department Fort Valley Fire Department Franklin Springs Fire Department Fulton County Fire Department Gainesville Fire Department Garden City Fire Department Garfield Volunteer Fire Department Georgia Firefighters Pension Fund Employee Georgia Public Safety Training Gibson Fire Department Gilmer County Fire Department Glade Volunteer Fire Department Glennville Fire Department Glynn County Fire Department Gordon County Fire Department Gore Volunteer Fire Department Grady County Volunteer Fire Department Gray Fire Department Greene County Fire and Rescue Greensboro Fire Department Greshamville Volunteer Fire Department Gresston Volunteer Fire Department Griffin Fire Department Grovetown Fire Department Gumlog Volunteer Fire Department Gwinnett County Fire Department Habersham County Fire Department Hahira Fire Department Hall County Fire Department
7

Number of Active Members

Allocation Percentage

18

0.131406%

12

0.087604%

9

0.065703%

4

0.029201%

2

0.014601%

33

0.240911%

171

1.248357%

13

0.094904%

0

0.000000%

12

0.087604%

11

0.080304%

4

0.029201%

101

0.737334%

18

0.131406%

4

0.029201%

9

0.065703%

7

0.051102%

8

0.058403%

22

0.160607%

5

0.036502%

1

0.007300%

49

0.357716%

47

0.343116%

1

0.007300%

64

0.467221%

20

0.146007%

11

0.080304%

5

0.036502%

9

0.065703%

1

0.007300%

50

0.365017%

14

0.102205%

7

0.051102%

732

5.343862%

55

0.401518%

9

0.065703%

263

1.919988%

GEORGIA FIREFIGHTERS' PENSION FUND (A Component Unit of the State of Georgia)
Schedule of Employer and Nonemployer Allocations
For the year ended June 30, 2021

Employer
State of Georgia - Nonemployer Contributing Entity State's Proportionate Share Associated with:
Hamilton Volunteer Fire Department Hancock County Fire Department Hapeville Fire Department Haralson County Fire Department Harlem Fire Department Harrisburg Volunteer Fire Department Harrison Volunteer Fire Department Hart County Fire Department Hartwell Fire Department Hazlehurst Fire Department Heard County Fire Department Helen Fire Department, City Of Henry County Fire Department Hephzibah Fire Department Hinesville Fire Department Hinton Volunteer Fire Department Hoboken Volunteer Fire Department Holland Volunteer Fire Department Homer Volunteer Fire Department Hortense Volunteer Fire Department Houston County Fire Department Hull Volunteer Fire Department Ideal Fire Department Ila Volunteer Fire Department Iron City Volunteer Fire Department Irwinton Fire Department Isle Of Hope Fire Department Jackson Fire Department Jackson Trail Fire Department Jasper County Emergency Services Jasper Fire Department Jefferson County Fire Department Jefferson Fire Department Jekyll Island Fire Department Jesup Fire Department Johns Creek Fire Department Jones County Fire Department
8

Number of Active Members

Allocation Percentage

2

0.014601%

3

0.021901%

32

0.233611%

14

0.102205%

17

0.124106%

20

0.146007%

9

0.065703%

65

0.474522%

33

0.240911%

10

0.073003%

14

0.102205%

1

0.007300%

261

1.905388%

15

0.109505%

32

0.233611%

1

0.007300%

9

0.065703%

3

0.021901%

8

0.058403%

0

0.000000%

18

0.131406%

11

0.080304%

2

0.014601%

7

0.051102%

2

0.014601%

2

0.014601%

6

0.043802%

6

0.043802%

7

0.051102%

13

0.094904%

10

0.073003%

12

0.087604%

16

0.116805%

7

0.051102%

12

0.087604%

79

0.576727%

30

0.219010%

GEORGIA FIREFIGHTERS' PENSION FUND (A Component Unit of the State of Georgia)
Schedule of Employer and Nonemployer Allocations
For the year ended June 30, 2021

Employer
State of Georgia - Nonemployer Contributing Entity State's Proportionate Share Associated with:
Kingsland Fire Department LaFayette Fire Department Lagrange Fire Department Lakeland - Lanier County Fire Department Lamar County Fire Department Laurens County Fire Department Lavonia Fire Department Leesburg (Lee County ) Fire Department Leslie Volunteer Fire Department Liberty County Fire Services Liberty Volunteer Fire Department Lincolnton Fire Department Line Volunteer Fire Department Loco Volunteer Fire Department Loganville Fire Department Louisville Fire Department Lowndes County Fire Department Ludowici - Long County Volunteer Fire Department Lumpkin County Volunteer Fire Department Lyerly Fire Department Macon-Bibb Fire Department Madison Fire Department Manchester Fire Department Marietta Fire Department Martins Crossroads Volunteer Fire Department Maxeys Volunteer Fire Department Maysville Fire Department McDonough Fire Department Mcintosh County Volunteer Fire Department McIntyre Fire Department McRae Fire Department Meansville Fire Department Menlo Fire Department Meriwether County Fire Department Metter Fire Department Midway Volunteer Fire Department Milan Fire Department
9

Number of Active Members

Allocation Percentage

6

0.043802%

4

0.029201%

61

0.445320%

7

0.051102%

12

0.087604%

58

0.423419%

28

0.204409%

18

0.131406%

1

0.007300%

4

0.029201%

3

0.021901%

11

0.080304%

9

0.065703%

13

0.094904%

17

0.124106%

28

0.204409%

16

0.116805%

5

0.036502%

18

0.131406%

3

0.021901%

320

2.336107%

18

0.131406%

15

0.109505%

133

0.970945%

13

0.094904%

0

0.000000%

4

0.029201%

32

0.233611%

0

0.000000%

3

0.021901%

13

0.094904%

0

0.000000%

11

0.080304%

14

0.102205%

11

0.080304%

12

0.087604%

6

0.043802%

GEORGIA FIREFIGHTERS' PENSION FUND (A Component Unit of the State of Georgia)
Schedule of Employer and Nonemployer Allocations
For the year ended June 30, 2021

Employer
State of Georgia - Nonemployer Contributing Entity State's Proportionate Share Associated with:
Milledgeville Fire Department Millen Fire Department Minton's Chapel Fire Department Mitchell County Fire Rescue Mitchell Volunteer Fire Department Mitchell Volunteer Fire Department (Glascock County) Monroe County Fire Department Monroe Fire Department Montezuma Fire Department Moores Chapel Volunteer Fire Department Morgan County Fire Department Morrow Fire Department Moultrie Fire Department Mount Vernon Fire Department Murray County Fire Department Nahunta Fire Department Nashville Fire Department Neese - Sanford Fire Department New Lois Volunteer Fire Department Newington Fire Department Newnan Fire Department Newton County Fire Department Nicholls Volunteer Fire Department Nicholson Area Fire Department Norristown Rural Fire Department North Jackson Fire Department North Jenkins County Volunteer Fire Department Northwest Harris Volunteer Fire Department O'Neal Fire Department Ocilla Fire Department Oconee County Volunteer Fire Department Oconee Volunteer Fire Department Odum Volunteer Fire Department Oglethorpe Consolidated Fire & Rescue Oglethorpe Fire Department Palmetto Fire Department Paulding County Fire Department
10

Number of Active Members

Allocation Percentage

22

0.160607%

20

0.146007%

1

0.007300%

4

0.029201%

2

0.014601%

4

0.029201%

29

0.211710%

26

0.189809%

17

0.124106%

4

0.029201%

58

0.423419%

26

0.189809%

35

0.255512%

9

0.065703%

31

0.226310%

13

0.094904%

21

0.153307%

0

0.000000%

2

0.014601%

1

0.007300%

54

0.394218%

88

0.642430%

1

0.007300%

15

0.109505%

0

0.000000%

13

0.094904%

4

0.029201%

15

0.109505%

2

0.014601%

1

0.007300%

86

0.627829%

10

0.073003%

8

0.058403%

10

0.073003%

2

0.014601%

6

0.043802%

167

1.219156%

GEORGIA FIREFIGHTERS' PENSION FUND (A Component Unit of the State of Georgia)
Schedule of Employer and Nonemployer Allocations
For the year ended June 30, 2021

Employer
State of Georgia - Nonemployer Contributing Entity State's Proportionate Share Associated with:
Peach County Fire Department Peachtree City Fire Department Pembroke Fire Department Perry Fire Department Pickens County Fire Department Pierce County Fire Department Pike County Emergency Services Pine Mountain Fire Department Pine Mountain Valley Fire Department Pinehurst Fire Department Plainview Fire Department Poca Volunteer Fire Department Polk County Volunteer Fire Department Pooler Fire Department Port Wentworth Fire Department Poulan Fire Department Pulaski County Fire Department Putnam County Fire Department Quitman County Volunteer Fire Department Quitman Fire Department Rabun County Fire Department Raines Crossroads Volunteer Fire Department Randolph County Ema Fire & Rescue Rayle Fire Department Red Hill Volunteer Fire Department Red Oak Volunteer Fire Department Reidsville Fire Department Reynolds Fire Department Rhine Volunteer Fire Department Richland Volunteer Fire Department Richmond Hill Fire Department Riddleville Volunteer Fire Department Rincon Fire Department Riverdale Fire Department Rochelle Fire Department Rock Hill Volunteer Fire Department Rockdale County Fire Department
11

Number of Active Members

Allocation Percentage

22

0.160607%

63

0.459921%

2

0.014601%

27

0.197109%

13

0.094904%

1

0.007300%

3

0.021901%

3

0.021901%

3

0.021901%

7

0.051102%

8

0.058403%

6

0.043802%

5

0.036502%

62

0.452621%

17

0.124106%

4

0.029201%

25

0.182508%

37

0.270112%

18

0.131406%

2

0.014601%

70

0.511024%

3

0.021901%

12

0.087604%

8

0.058403%

11

0.080304%

10

0.073003%

13

0.094904%

5

0.036502%

3

0.021901%

4

0.029201%

30

0.219010%

11

0.080304%

7

0.051102%

16

0.116805%

4

0.029201%

1

0.007300%

109

0.795737%

GEORGIA FIREFIGHTERS' PENSION FUND (A Component Unit of the State of Georgia)
Schedule of Employer and Nonemployer Allocations
For the year ended June 30, 2021

Employer
State of Georgia - Nonemployer Contributing Entity State's Proportionate Share Associated with:
Rockmart Fire Department Rome Fire Department Rossville Fire Department Roswell Fire Department Royston Fire Department Saint Marys Fire Department Salem Volunteer Fire Department Sandersville Fire Department Sandy Springs Fire Department Savannah Airport Fire Department Savannah Fire Department Scotland Volunteer Fire Department Scott Volunteer Fire Department Screven County Fire Department Screven Volunteer Fire Department Shellman Volunteer Fire Department Shiloh Volunteer Fire Department Shiloh Volunteer Fire Department (Harris County ) Siloam Fire Department Sky Valley - Scaly Mountain Fire Department Smyrna Fire Department Social Circle Fire Department Soperton Fire Department South Dade Volunteer Fire Department South Fulton Fire Department South Jackson Volunteer Fire Department South Jenkins District # 6 Volunteer Fire Departmen South Jenkins Volunteer Fire Department Spalding County Fire Department Sparta Volunteer Fire Department Stapleton Fire Department Statesboro Fire Department Stephens County Fire Department Stewart County Fire & EMS Stillmore Fire Department Subligna Fire Department Summertown Volunteer Fire Department
12

Number of Active Members

Allocation Percentage

16

0.116805%

141

1.029347%

1

0.007300%

27

0.197109%

11

0.080304%

7

0.051102%

5

0.036502%

16

0.116805%

91

0.664331%

10

0.073003%

337

2.460213%

1

0.007300%

6

0.043802%

29

0.211710%

1

0.007300%

5

0.036502%

5

0.036502%

1

0.007300%

4

0.029201%

18

0.131406%

61

0.445320%

10

0.073003%

7

0.051102%

1

0.007300%

80

0.584027%

7

0.051102%

12

0.087604%

16

0.116805%

64

0.467221%

12

0.087604%

4

0.029201%

23

0.167908%

68

0.496423%

1

0.007300%

2

0.014601%

4

0.029201%

3

0.021901%

GEORGIA FIREFIGHTERS' PENSION FUND (A Component Unit of the State of Georgia)
Schedule of Employer and Nonemployer Allocations
For the year ended June 30, 2021

Employer
State of Georgia - Nonemployer Contributing Entity State's Proportionate Share Associated with:
Summerville Fire Department Sumter County Fire Department Swainsboro Fire Department Sylvania Fire Department Sylvester Fire Department Taliaferro County Fire And Rescue Department Tarrytown Volunteer Fire Department Tattnall County Fire Rescue Teloga Fire Department Tennille Fire Department Thomas County Fire Rescue Thomaston Fire Department Thomasville Fire Rescue Thomson-McDuffie Fire and EMS Thunderbolt Fire Department Tift County Fire Rescue Tifton Fire Department Tignall Fire Department Toccoa Fire Department Towns County Fire Department Trenton Fire Department Treutlen County Fire Department Trion Fire Department Troup County Fire Department Turner County Fire and Rescue Twiggs County Fire Rescue Twin City Fire Department Tybee Island Fire Department Union City Fire Department Union County Fire Department Union Point Fire Department Valdosta Fire Department Vidalia Fire Department Vienna Fire Department Wadley Fire Department Walker Church Volunteer Fire Department Walker County Fire Department
13

Number of Active Members

Allocation Percentage

18

0.131406%

26

0.189809%

10

0.073003%

10

0.073003%

3

0.021901%

2

0.014601%

2

0.014601%

8

0.058403%

7

0.051102%

8

0.058403%

81

0.591327%

6

0.043802%

42

0.306614%

19

0.138706%

6

0.043802%

41

0.299314%

35

0.255512%

23

0.167908%

21

0.153307%

36

0.262812%

3

0.021901%

6

0.043802%

6

0.043802%

27

0.197109%

10

0.073003%

2

0.014601%

9

0.065703%

19

0.138706%

28

0.204409%

23

0.167908%

2

0.014601%

74

0.540225%

7

0.051102%

15

0.109505%

8

0.058403%

2

0.014601%

22

0.160607%

GEORGIA FIREFIGHTERS' PENSION FUND (A Component Unit of the State of Georgia)
Schedule of Employer and Nonemployer Allocations
For the year ended June 30, 2021

Employer
State of Georgia - Nonemployer Contributing Entity State's Proportionate Share Associated with:
Walthourville Volunteer Fire Department Walton County Fire Department Ware County Fire Department Warner Robins Fire Department Warren County Fire Department Warrenton Fire Department Warthen Volunteer Fire Department Washington Fire Department Waverly Hall Fire Department Waycross Fire Department Wayne County Fire Rescue Waynesboro Fire Department Waynesville Volunteer Fire & Rescue Webster County Fire/Ems West Jackson Fire Department West Point Fire Department Whigham Fire Department White County Fire Department White Plains Fire Department Whitfield County Fire Department Wilkes County Fire Service Winder Fire Department Winterville Volunteer Fire Department Wolfskin Volunteer Fire Department Woodstock Fire Department Woodville Fire Department Worth County Fire Department Wrens Fire Department Wrightsville Fire Department
TOTAL STATE OF GEORGIA
Each Employer of Plan Members - Employer Share
Total for All Entities

Number of Active Members

Allocation Percentage

2 61 22 117
9 6 12 32 12 38 27 13 0 21 6 12 12 12 9 88 24 32 6 1 34 3 7 11 12 13,698

0.014601% 0.445320% 0.160607% 0.854139% 0.065703% 0.043802% 0.087604% 0.233611% 0.087604% 0.277413% 0.197109% 0.094904% 0.000000% 0.153307% 0.043802% 0.087604% 0.087604% 0.087604% 0.065703% 0.642430% 0.175208% 0.233611% 0.043802% 0.007300% 0.248211% 0.021901% 0.051102% 0.080304% 0.087604%
100.000000%
0.000000%
100.000000%

14

Employer
State of Georgia - Nonemployer Contributing Entity State's Proportionate Share Associated with: Abbeville Fire Department Adel Fire Department Adrian Volunteer Firefighter Ailey Fire Department Alamo Fire Department Alapaha Fire Department Albany Fire Department Allentown Volunteer Fire Department Alma - Bacon County Fire Department Alpharetta Fire Department Americus Fire Department Antioch Volunteer Fire Department Appling County Fire Department Arcade Fire Department Arnoldsville Volunteer Fire Department Ashburn Fire Department Athens - Clarke County Fire & Emergency Atkinson County Volunteer Fire Department Atlanta Fire Department Augusta Fire Department Augusta Regional Airport Fire Department Austell Fire Department Avera Fire Department Bainbridge Fire Department Baldwin County Fire Department Baldwin Fire Department Banks County Fire Department Barnesville Fire Department Barrow County Fire Department Bartow County Fire Department Bartow Volunteer Fire Department Baxley Fire Department Beaverdam Volunteer Fire Department Ben Epps Field - Athens Clarke County Ben Hill Volunteer Fire Department Bent Tree Volunteer Fire Department Bethany - Salem Fire Department Big Canoe Fire Department Blackshear Fire Department Blakely Fire Department Bleckley County Fire Department

GEORGIA FIREFIGHTERS' PENSION FUND (A Component Unit of the State of Georgia)
Schedule of Pension Amounts by Employer and Nonemployer
For the year ended June 30, 2021

Net Pension Liability

Deferred Outflows of Resources

Changes of Assumptions

Differences between Expected and Actual
Experience

Total Deferred Outflows of Resources

Deferred Inflows of Resources

Net Difference

Differences

Between Projected

between

and Actual

Expected and

Investment Earnings

Actual

on Pension Plan

Experience

Investments

Total Deferred Inflows of Resources

Total Employer Pension Expense

$

17,567

84,907

5,856

17,567

20,495

5,856

292,783

17,567

35,134

219,587

111,258

40,990

108,329

11,711

5,856

5,856

494,803

40,990

1,724,491

538,721

23,423

49,773

23,423

2,928

125,896

17,567

84,907

26,350

131,752

278,144

40,990

52,701

2,928

2,928

8,783

2,928

8,783

20,495

40,990

8,783

40,990

10,518 50,838 3,506 10,518 12,271 3,506 175,302 10,518 21,036 131,476 66,615 24,542 64,862 7,012 3,506 3,506 296,260 24,542 1,032,529 322,556 14,024 29,801 14,024 1,753 75,380 10,518 50,838 15,777 78,886 166,537 24,542 31,554 1,753 1,753 5,259 1,753 5,259 12,271 24,542 5,259 24,542

15

Employer
State of Georgia - Nonemployer Contributing Entity State's Proportionate Share Associated with: Bloomingdale Fire Department Bold Springs Fire Department Bremen Fire Department Broxton Fire Department Brunswick Fire Department Bryan County Fire Department Buckeye Volunteer Fire Department Buena Vista Fire Rescue Bulloch County Fire Department Burke County Fire Department Butler Fire Department Butts County Fire Department Byromville Fire Department Byron Fire Department Cairo Fire Department Calhoun Fire Department Calvary Volunteer Fire Department Camden County Fire Rescue Camilla Fire Department Canon Volunteer Fire Department Canoochee Fire Department Carlton Volunteer Fire Department Carnesville Volunteer Fire Department Carroll County Fire Rescue Carrollton Fire Department Cartersville Fire Department Cataula Volunteer Fire Department Catoosa County Fire Department Cave Spring Fire Department Cedar Creek Fire Department Cedartown Fire Department Centerville Fire Department Charlton County Fire Department Chatham Emergency Services Chatsworth Fire Department Chauncey Volunteer Fire Department Cherokee County Fire Department Chester Volunteer Fire Department City Of Chattahoochee Hills City Of Milton Fire Department Clarkesville Fire Department

GEORGIA FIREFIGHTERS' PENSION FUND (A Component Unit of the State of Georgia)
Schedule of Pension Amounts by Employer and Nonemployer
For the year ended June 30, 2021

Net Pension Liability

Deferred Outflows of Resources

Changes of Assumptions

Differences between Expected and Actual
Experience

Total Deferred Outflows of Resources

Deferred Inflows of Resources

Net Difference

Differences

Between Projected

between

and Actual

Expected and

Investment Earnings

Actual

on Pension Plan

Experience

Investments

Total Deferred Inflows of Resources

Total Employer Pension Expense

26,350 58,557 20,495 8,783 38,062 73,196 14,639 2,928 120,041 90,763 49,773 26,350 40,990 40,990 73,196 120,041 14,639 237,154 20,495 29,278 23,423 38,062 29,278 163,958 193,237 213,732 38,062 140,536 5,856 11,711 64,412 38,062 5,856 237,154 29,278 2,928 1,174,059 11,711 11,711 172,742 11,711

15,777 35,060 12,271 5,259 22,789 43,825 8,765 1,753 71,874 54,344 29,801 15,777 24,542 24,542 43,825 71,874 8,765 141,995 12,271 17,530 14,024 22,789 17,530 98,169 115,699 127,971 22,789 84,145 3,506 7,012 38,566 22,789 3,506 141,995 17,530 1,753 702,961 7,012 7,012 103,428 7,012

16

Employer
State of Georgia - Nonemployer Contributing Entity State's Proportionate Share Associated with: Claxton Fire Department Clayton County Fire Department Cloudland Volunteer Fire Department Cobb County Fire Department Cobbtown Fire Department Cochran Fire Department Coffee County Fire Department Colbert Fire Department College Park Fire Department Collins Volunteer Fire Department Collins Volunteer Fire Department (Madison County) Colquitt - Miller Fire Department Colquitt County Volunteer Fire Association Columbia County Fire Rescue Columbus Fire & Emergency Medical Services Comer Volunteer Fire Department Commerce Fire Department Cordele Fire Department Cornelia Fire Department Covington Fire Department Coweta County Fire Department Crawford County Volunteer Fire Department # 8 Crisp County Fire Department Crossroad Volunteer Fire Department Cusseta - Chattahoochee County Volunteer Fire Department Cuthbert Fire Department Dalton Fire Department Danielsville Fire Department Darien Fire Rescue Davisboro Fire Department Dawson County Fire Department Dawson Fire Department Dearing Fire Department Decatur County Fire Department Decatur Fire Department Deepstep Area Fire Department Dekalb County Fire Department Demorest Fire Department Devils Pond Volunteer Fire Department Donalsonville Fire Department Dooly County Fire Department

GEORGIA FIREFIGHTERS' PENSION FUND (A Component Unit of the State of Georgia)
Schedule of Pension Amounts by Employer and Nonemployer
For the year ended June 30, 2021

Net Pension Liability

Deferred Outflows of Resources

Changes of Assumptions

Differences between Expected and Actual
Experience

Total Deferred Outflows of Resources

Deferred Inflows of Resources

Net Difference

Differences

Between Projected

between

and Actual

Expected and

Investment Earnings

Actual

on Pension Plan

Experience

Investments

Total Deferred Inflows of Resources

Total Employer Pension Expense

46,845 825,648 17,567 1,850,388 38,062
8,783 73,196 8,783 131,752 8,783 8,783 67,340 87,835 521,154 1,036,451 26,350 52,701 52,701 40,990 152,247 386,473 43,917 55,629 8,783 64,412 2,928 266,433 17,567
46,845 96,618 14,639 2,928 32,206 67,340 5,856 1,610,306 26,350 5,856 23,423 49,773

28,048 494,352 10,518 1,107,909 22,789
5,259 43,825 5,259 78,886 5,259 5,259 40,320 52,591 312,038 620,569 15,777 31,554 31,554 24,542 91,157 231,399 26,295 33,307 5,259 38,566 1,753 159,525 10,518
28,048 57,850 8,765 1,753 19,283 40,320 3,506 964,161 15,777 3,506 14,024 29,801

17

Employer
State of Georgia - Nonemployer Contributing Entity State's Proportionate Share Associated with: Double Churches Fire Department Douglas County Fire Department Douglas Fire Department Dublin Fire Department Early County Fire Department East Berrien Fire Department East Dublin Fire Department East Point Fire Department Eastman Fire Department Eatonton Fire Department Echols County Volunteer Fire Department Effingham County Fire Department Elbert County Fire Department Elberton Fire Department Ellaville (Schley County) Fire Department Ellerslie Fire Department Ellijay Fire Department Emanuel County Rural Fire Department Enigma Volunteer Fire Department Eton Fire Department Evans County Fire & Rescue Fairburn Fire Department Fairfield Plantation Fire Department Fannin County Fire Department Fayette County Fire Department Fayetteville Fire Department Fitzgerald Fire Department Five Area Volunteer Fire Department Five Points Fire District - Macon County Flinthill Fire Department Flovilla Fire Department Forest Park Fire Department Forsyth County Fire Department Forsyth Fire Department Fort Oglethorpe Fire Department Fort Valley Fire Department Franklin Springs Fire Department Fulton County Fire Department Gainesville Fire Department Garden City Fire Department Garfield Volunteer Fire Department

GEORGIA FIREFIGHTERS' PENSION FUND (A Component Unit of the State of Georgia)
Schedule of Pension Amounts by Employer and Nonemployer
For the year ended June 30, 2021

Net Pension Liability

Deferred Outflows of Resources

Changes of Assumptions

Differences between Expected and Actual
Experience

Total Deferred Outflows of Resources

Deferred Inflows of Resources

Net Difference

Differences

Between Projected

between

and Actual

Expected and

Investment Earnings

Actual

on Pension Plan

Experience

Investments

Total Deferred Inflows of Resources

Total Employer Pension Expense

32,206 322,061 93,691 52,701
2,928 32,206 2,928 120,041 40,990 38,062 14,639 166,886 225,443 43,917 49,773 58,557 8,783 8,783 8,783 2,928 73,196 67,340 17,567 99,546 363,051 134,680 52,701 35,134 26,350 11,711 5,856 96,618 500,659 38,062
35,134 32,206 11,711 295,711 52,701 11,711

19,283 192,832 56,097 31,554
1,753 19,283 1,753 71,874 24,542 22,789 8,765 99,922 134,983 26,295 29,801 35,060 5,259 5,259 5,259 1,753 43,825 40,320 10,518 59,603 217,375 80,639 31,554 21,036 15,777 7,012 3,506 57,850 299,766 22,789
21,036 19,283 7,012 177,055 31,554 7,012

18

Employer
State of Georgia - Nonemployer Contributing Entity State's Proportionate Share Associated with: Georgia Firefighters Pension Fund Employee Georgia Public Safety Training Gibson Fire Department Gilmer County Fire Department Glade Volunteer Fire Department Glennville Fire Department Glynn County Fire Department Gordon County Fire Department Gore Volunteer Fire Department Grady County Volunteer Fire Department Gray Fire Department Greene County Fire and Rescue Greensboro Fire Department Greshamville Volunteer Fire Department Gresston Volunteer Fire Department Griffin Fire Department Grovetown Fire Department Gumlog Volunteer Fire Department Gwinnett County Fire Department Habersham County Fire Department Hahira Fire Department Hall County Fire Department Hamilton Volunteer Fire Department Hancock County Fire Department Hapeville Fire Department Haralson County Fire Department Harlem Fire Department Harrisburg Volunteer Fire Department Harrison Volunteer Fire Department Hart County Fire Department Hartwell Fire Department Hazlehurst Fire Department Heard County Fire Department Helen Fire Department, City Of Henry County Fire Department Hephzibah Fire Department Hinesville Fire Department Hinton Volunteer Fire Department Hoboken Volunteer Fire Department Holland Volunteer Fire Department Homer Volunteer Fire Department

GEORGIA FIREFIGHTERS' PENSION FUND (A Component Unit of the State of Georgia)
Schedule of Pension Amounts by Employer and Nonemployer
For the year ended June 30, 2021

Net Pension Liability

Deferred Outflows of Resources

Changes of Assumptions

Differences between Expected and Actual
Experience

Total Deferred Outflows of Resources

Deferred Inflows of Resources

Net Difference

Differences

Between Projected

between

and Actual

Expected and

Investment Earnings

Actual

on Pension Plan

Experience

Investments

Total Deferred Inflows of Resources

Total Employer Pension Expense

26,350 20,495 23,423 64,412 14,639 2,928 143,463 137,608 2,928 187,381 58,557 32,206 14,639 26,350 2,928 146,392 40,990 20,495 2,143,177 161,030 26,350 770,019 5,856 8,783 93,691 40,990 49,773 58,557 26,350 190,309 96,618 29,278 40,990 2,928 764,163 43,917 93,691 2,928 26,350 8,783 23,423

15,777 12,271 14,024 38,566 8,765 1,753 85,898 82,392 1,753 112,193 35,060 19,283 8,765 15,777 1,753 87,651 24,542 12,271 1,283,214 96,416 15,777 461,044 3,506 5,259 56,097 24,542 29,801 35,060 15,777 113,946 57,850 17,530 24,542 1,753 457,538 26,295 56,097 1,753 15,777 5,259 14,024

19

Employer
State of Georgia - Nonemployer Contributing Entity State's Proportionate Share Associated with: Hortense Volunteer Fire Department Houston County Fire Department Hull Volunteer Fire Department Ideal Fire Department Ila Volunteer Fire Department Iron City Volunteer Fire Department Irwinton Fire Department Isle Of Hope Fire Department Jackson Fire Department Jackson Trail Fire Department Jasper County Emergency Services Jasper Fire Department Jefferson County Fire Department Jefferson Fire Department Jekyll Island Fire Department Jesup Fire Department Johns Creek Fire Department Jones County Fire Department Kingsland Fire Department LaFayette Fire Department Lagrange Fire Department Lakeland - Lanier County Fire Department Lamar County Fire Department Laurens County Fire Department Lavonia Fire Department Leesburg (Lee County ) Fire Department Leslie Volunteer Fire Department Liberty County Fire Services Liberty Volunteer Fire Department Lincolnton Fire Department Line Volunteer Fire Department Loco Volunteer Fire Department Loganville Fire Department Louisville Fire Department Lowndes County Fire Department Ludowici - Long County Volunteer Fire Department Lumpkin County Volunteer Fire Department Lyerly Fire Department Macon-Bibb Fire Department Madison Fire Department Manchester Fire Department

GEORGIA FIREFIGHTERS' PENSION FUND (A Component Unit of the State of Georgia)
Schedule of Pension Amounts by Employer and Nonemployer
For the year ended June 30, 2021

Net Pension Liability

Deferred Outflows of Resources

Changes of Assumptions

Differences between Expected and Actual
Experience

Total Deferred Outflows of Resources

Deferred Inflows of Resources

Net Difference

Differences

Between Projected

between

and Actual

Expected and

Investment Earnings

Actual

on Pension Plan

Experience

Investments

Total Deferred Inflows of Resources

Total Employer Pension Expense

52,701 32,206 5,856 20,495 5,856 5,856 17,567 17,567 20,495 38,062 29,278 35,134 46,845 20,495 35,134 231,299 87,835 17,567 11,711 178,597 20,495 35,134 169,814 81,979 52,701 2,928 11,711 8,783 32,206 26,350 38,062 49,773 81,979 46,845 14,639 52,701 8,783 936,905 52,701 43,917

31,554 19,283 3,506 12,271 3,506 3,506 10,518 10,518 12,271 22,789 17,530 21,036 28,048 12,271 21,036 138,489 52,591 10,518 7,012 106,934 12,271 21,036 101,675 49,084 31,554 1,753 7,012 5,259 19,283 15,777 22,789 29,801 49,084 28,048 8,765 31,554 5,259 560,966 31,554 26,295

20

Employer
State of Georgia - Nonemployer Contributing Entity State's Proportionate Share Associated with: Marietta Fire Department Martins Crossroads Volunteer Fire Department Maxeys Volunteer Fire Department Maysville Fire Department McDonough Fire Department Mcintosh County Volunteer Fire Department McIntyre Fire Department McRae Fire Department Meansville Fire Department Menlo Fire Department Meriwether County Fire Department Metter Fire Department Midway Volunteer Fire Department Milan Fire Department Milledgeville Fire Department Millen Fire Department Minton's Chapel Fire Department Mitchell County Fire Rescue Mitchell Volunteer Fire Department Mitchell Volunteer Fire Department (Glascock County) Monroe County Fire Department Monroe Fire Department Montezuma Fire Department Moores Chapel Volunteer Fire Department Morgan County Fire Department Morrow Fire Department Moultrie Fire Department Mount Vernon Fire Department Murray County Fire Department Nahunta Fire Department Nashville Fire Department Neese - Sanford Fire Department New Lois Volunteer Fire Department Newington Fire Department Newnan Fire Department Newton County Fire Department Nicholls Volunteer Fire Department Nicholson Area Fire Department Norristown Rural Fire Department North Jackson Fire Department North Jenkins County Volunteer Fire Department

GEORGIA FIREFIGHTERS' PENSION FUND (A Component Unit of the State of Georgia)
Schedule of Pension Amounts by Employer and Nonemployer
For the year ended June 30, 2021

Net Pension Liability

Deferred Outflows of Resources

Changes of Assumptions

Differences between Expected and Actual
Experience

Total Deferred Outflows of Resources

Deferred Inflows of Resources

Net Difference

Differences

Between Projected

between

and Actual

Expected and

Investment Earnings

Actual

on Pension Plan

Experience

Investments

Total Deferred Inflows of Resources

Total Employer Pension Expense

389,401 38,062
11,711 93,691
8,783 38,062
32,206 40,990 32,206 35,134 17,567 64,412 58,557 2,928 11,711 5,856 11,711 84,907 76,124 49,773 11,711 169,814 76,124 102,474 26,350 90,763 38,062 61,484
5,856 2,928 158,103 257,649 2,928 43,917
38,062 11,711

233,152 22,789
7,012 56,097
5,259 22,789
19,283 24,542 19,283 21,036 10,518 38,566 35,060 1,753 7,012 3,506 7,012 50,838 45,579 29,801 7,012 101,675 45,579 61,356 15,777 54,344 22,789 36,813
3,506 1,753 94,663 154,266 1,753 26,295
22,789 7,012

21

Employer
State of Georgia - Nonemployer Contributing Entity State's Proportionate Share Associated with: Northwest Harris Volunteer Fire Department O'Neal Fire Department Ocilla Fire Department Oconee County Volunteer Fire Department Oconee Volunteer Fire Department Odum Volunteer Fire Department Oglethorpe Consolidated Fire & Rescue Oglethorpe Fire Department Palmetto Fire Department Paulding County Fire Department Peach County Fire Department Peachtree City Fire Department Pembroke Fire Department Perry Fire Department Pickens County Fire Department Pierce County Fire Department Pike County Emergency Services Pine Mountain Fire Department Pine Mountain Valley Fire Department Pinehurst Fire Department Plainview Fire Department Poca Volunteer Fire Department Polk County Volunteer Fire Department Pooler Fire Department Port Wentworth Fire Department Poulan Fire Department Pulaski County Fire Department Putnam County Fire Department Quitman County Volunteer Fire Department Quitman Fire Department Rabun County Fire Department Raines Crossroads Volunteer Fire Department Randolph County Ema Fire & Rescue Rayle Fire Department Red Hill Volunteer Fire Department Red Oak Volunteer Fire Department Reidsville Fire Department Reynolds Fire Department Rhine Volunteer Fire Department Richland Volunteer Fire Department Richmond Hill Fire Department

GEORGIA FIREFIGHTERS' PENSION FUND (A Component Unit of the State of Georgia)
Schedule of Pension Amounts by Employer and Nonemployer
For the year ended June 30, 2021

Net Pension Liability

Deferred Outflows of Resources

Changes of Assumptions

Differences between Expected and Actual
Experience

Total Deferred Outflows of Resources

Deferred Inflows of Resources

Net Difference

Differences

Between Projected

between

and Actual

Expected and

Investment Earnings

Actual

on Pension Plan

Experience

Investments

Total Deferred Inflows of Resources

Total Employer Pension Expense

43,917 5,856 2,928 251,793 29,278 23,423 29,278 5,856 17,567 488,947 64,412 184,453 5,856 79,051 38,062 2,928 8,783 8,783 8,783 20,495 23,423 17,567 14,639 181,525 49,773 11,711 73,196 108,329 52,701 5,856 204,948 8,783 35,134 23,423 32,206 29,278 38,062 14,639 8,783 11,711 87,835

26,295 3,506 1,753 150,760 17,530 14,024 17,530 3,506 10,518 292,754 38,566 110,440 3,506 47,332 22,789 1,753 5,259 5,259 5,259 12,271 14,024 10,518 8,765 108,687 29,801 7,012 43,825 64,862 31,554 3,506 122,712 5,259 21,036 14,024 19,283 17,530 22,789 8,765 5,259 7,012 52,591

22

Employer
State of Georgia - Nonemployer Contributing Entity State's Proportionate Share Associated with: Riddleville Volunteer Fire Department Rincon Fire Department Riverdale Fire Department Rochelle Fire Department Rock Hill Volunteer Fire Department Rockdale County Fire Department Rockmart Fire Department Rome Fire Department Rossville Fire Department Roswell Fire Department Royston Fire Department Saint Marys Fire Department Salem Volunteer Fire Department Sandersville Fire Department Sandy Springs Fire Department Savannah Airport Fire Department Savannah Fire Department Scotland Volunteer Fire Department Scott Volunteer Fire Department Screven County Fire Department Screven Volunteer Fire Department Shellman Volunteer Fire Department Shiloh Volunteer Fire Department Shiloh Volunteer Fire Department (Harris County) Siloam Fire Department Sky Valley - Scaly Mountain Fire Department Smyrna Fire Department Social Circle Fire Department Soperton Fire Department South Dade Volunteer Fire Department South Fulton Fire Department South Jackson Volunteer Fire Department South Jenkins District # 6 Volunteer Fire Departmen South Jenkins Volunteer Fire Department Spalding County Fire Department Sparta Volunteer Fire Department Stapleton Fire Department Statesboro Fire Department Stephens County Fire Department Stewart County Fire & EMS Stillmore Fire Department

GEORGIA FIREFIGHTERS' PENSION FUND (A Component Unit of the State of Georgia)
Schedule of Pension Amounts by Employer and Nonemployer
For the year ended June 30, 2021

Net Pension Liability

Deferred Outflows of Resources

Changes of Assumptions

Differences between Expected and Actual
Experience

Total Deferred Outflows of Resources

Deferred Inflows of Resources

Net Difference

Differences

Between Projected

between

and Actual

Expected and

Investment Earnings

Actual

on Pension Plan

Experience

Investments

Total Deferred Inflows of Resources

Total Employer Pension Expense

32,206 20,495 46,845 11,711 2,928 319,133 46,845 412,824 2,928 79,051 32,206 20,495 14,639 46,845 266,433 29,278 986,678 2,928 17,567 84,907 2,928 14,639 14,639 2,928 11,711 52,701 178,597 29,278 20,495 2,928 234,226 20,495 35,134 46,845 187,381 35,134 11,711 67,340 199,092 2,928 5,856

19,283 12,271 28,048 7,012 1,753 191,079 28,048 247,176 1,753 47,332 19,283 12,271 8,765 28,048 159,525 17,530 590,768 1,753 10,518 50,838 1,753 8,765 8,765 1,753 7,012 31,554 106,934 17,530 12,271 1,753 140,242 12,271 21,036 28,048 112,193 21,036 7,012 40,320 119,205 1,753 3,506

23

Employer
State of Georgia - Nonemployer Contributing Entity State's Proportionate Share Associated with: Subligna Fire Department Summertown Volunteer Fire Department Summerville Fire Department Sumter County Fire Department Swainsboro Fire Department Sylvania Fire Department Sylvester Fire Department Taliaferro County Fire And Rescue Department Tarrytown Volunteer Fire Department Tattnall County Fire Rescue Teloga Fire Department Tennille Fire Department Thomas County Fire Rescue Thomaston Fire Department Thomasville Fire Rescue Thomson-McDuffie Fire and EMS Thunderbolt Fire Department Tift County Fire Rescue Tifton Fire Department Tignall Fire Department Toccoa Fire Department Towns County Fire Department Trenton Fire Department Treutlen County Fire Department Trion Fire Department Troup County Fire Department Turner County Fire and Rescue Twiggs County Fire Rescue Twin City Fire Department Tybee Island Fire Department Union City Fire Department Union County Fire Department Union Point Fire Department Valdosta Fire Department Vidalia Fire Department Vienna Fire Department Wadley Fire Department Walker Church Volunteer Fire Department Walker County Fire Department Walthourville Volunteer Fire Department Walton County Fire Department

GEORGIA FIREFIGHTERS' PENSION FUND (A Component Unit of the State of Georgia)
Schedule of Pension Amounts by Employer and Nonemployer
For the year ended June 30, 2021

Net Pension Liability

Deferred Outflows of Resources

Changes of Assumptions

Differences between Expected and Actual
Experience

Total Deferred Outflows of Resources

Deferred Inflows of Resources

Net Difference

Differences

Between Projected

between

and Actual

Expected and

Investment Earnings

Actual

on Pension Plan

Experience

Investments

Total Deferred Inflows of Resources

Total Employer Pension Expense

11,711 8,783 52,701 76,124 29,278 29,278 8,783 5,856 5,856 23,423 20,495 23,423 237,154 17,567 122,969 55,629 17,567 120,041 102,474 67,340 61,484 105,402 8,783 17,567 17,567 79,051 29,278 5,856 26,350 55,629 81,979 67,340 5,856 216,659 20,495 43,917 23,423 5,856 64,412 5,856 178,597

7,012 5,259 31,554 45,579 17,530 17,530 5,259 3,506 3,506 14,024 12,271 14,024 141,995 10,518 73,627 33,307 10,518 71,874 61,356 40,320 36,813 63,109 5,259 10,518 10,518 47,332 17,530 3,506 15,777 33,307 49,084 40,320 3,506 129,724 12,271 26,295 14,024 3,506 38,566 3,506 106,934

24

Employer
State of Georgia - Nonemployer Contributing Entity State's Proportionate Share Associated with: Ware County Fire Department Warner Robins Fire Department Warren County Fire Department Warrenton Fire Department Warthen Volunteer Fire Department Washington Fire Department Waverly Hall Fire Department Waycross Fire Department Wayne County Fire Rescue Waynesboro Fire Department Waynesville Volunteer Fire & Rescue Webster County Fire/Ems West Jackson Fire Department West Point Fire Department Whigham Fire Department White County Fire Department White Plains Fire Department Whitfield County Fire Department Wilkes County Fire Service Winder Fire Department Winterville Volunteer Fire Department Wolfskin Volunteer Fire Department Woodstock Fire Department Woodville Fire Department Worth County Fire Department Wrens Fire Department Wrightsville Fire Department TOTAL STATE OF GEORGIA
Each Employer of Plan Members - Employer Share
Total for All Entities

GEORGIA FIREFIGHTERS' PENSION FUND (A Component Unit of the State of Georgia)
Schedule of Pension Amounts by Employer and Nonemployer
For the year ended June 30, 2021

Net Pension Liability

Deferred Outflows of Resources

Changes of Assumptions

Differences between Expected and Actual
Experience

Total Deferred Outflows of Resources

Deferred Inflows of Resources

Net Difference

Differences

Between Projected

between

and Actual

Expected and

Investment Earnings

Actual

on Pension Plan

Experience

Investments

Total Deferred Inflows of Resources

Total Employer Pension Expense

64,412 342,556 26,350 17,567 35,134 93,691 35,134 111,258 79,051 38,062
61,484 17,567 35,134 35,134 35,134 26,350 257,649 70,268 93,691 17,567 2,928 99,546 8,783 20,495 32,206 35,134 $ 40,105,397
-
$ 40,105,397

41,734,150
-
41,734,150

5,367,877
-
5,367,877

47,102,027
-
47,102,027

6,204,177
-
6,204,177

156,108,740
-
156,108,740

162,312,917
-
162,312,917

38,566 205,103 15,777 10,518 21,036 56,097 21,036 66,615 47,332 22,789
36,813 10,518 21,036 21,036 21,036 15,777 154,266 42,072 56,097 10,518 1,753 59,603 5,259 12,271 19,283 21,036 24,012,869
-
24,012,869

25

GEORGIA FIREFIGHTERS' PENSION FUND (A Component Unit of the State of Georgia)
Notes to Schedule of Employer and Nonemployer Allocations and Schedule of Pension Amounts by Employer and Nonemployer
June 30, 2021

Note 1: Plan Description The Georgia Firefighters' Pension Fund (the Pension Fund) was created in 1955 by an act of the Georgia General Assembly to provide retirement benefits for qualified firefighters. The Pension Fund administers a cost-sharing, multiple-employer defined benefit pension plan as defined in Governmental Accounting Standards Board (GASB) Statement No. 67, Financial Reporting for Pension Plans an amendment of GASB Statement No. 25.
Any person employed as a firefighter or enrolled as a volunteer firefighter within the State of Georgia or any regular employee of the Pension Fund is eligible for membership in the Pension Fund. The various fire departments located within the State of Georgia, as the employers of the members of the Pension Fund, do not make contributions to the Pension Fund. The State of Georgia provides nonemployer contributions to the Pension Fund through the collection of insurance premiums tax. These nonemployer contributions are recognized as revenue by the Pension Fund when collected from the insurers.

Note 2: Basis of Presentation The Schedule of Employer and Nonemployer Allocations and Schedule of Pension Amounts by Employer and Nonemployer (the schedules) are prepared on the accrual basis of accounting in accordance with U.S. generally accepted accounting principles.

Note 3: Components of Collective Net Pension Liability The components of the collective net pension liability of the participating employers and nonemployers at June 30, 2021 were as follows:

Total pension liability Plan fiduciary net position
Net pension liability

$ 1,242,368,882 1,202,263,485
$ 40,105,397

Plan fiduciary net position as a percentage of total pension liability

96.77%

Actuarial Assumptions The collective total pension liability was determined by an actuarial valuation as of June 30, 2021, using the following actuarial assumptions, applied to all periods included in the measurement:

Inflation Salary increases Investment rate of return

2.75% N/A 5.75%, net of pension plan investment expense, including inflation

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GEORGIA FIREFIGHTERS' PENSION FUND (A Component Unit of the State of Georgia)
Notes to Schedule of Employer and Nonemployer Allocations and Schedule of Pension Amounts by Employer and Nonemployer
June 30, 2021

Mortality rates for pre-retirement were based on the RP-2000 Employee Mortality Table projected to 2025 with Projection Scale BB. Mortality rates for post-retirement and for dependent beneficiaries were based on the RP-2000 Blue Collar Mortality Table projected to 2025 with Projection Scale BB set forward 1 year for males and 4 years for females. For current disability retirees, mortality rates are based on the RP-2000 Disabled Mortality Table projected to 2025 with Projection Scale BB set forward 5 years for males and 3 years for females, however there are no longer any disability benefits included in the plan.

The actuarial assumptions used in the June 30, 2021 valuation were based on the results of the last actuarial experience study dated November 4, 2015. The actuarial assumptions used in the June 30, 2021 valuation was based on the current provisions of the Fund and on actuarial assumptions that are internally consistent and reasonably based on the actual experience of the Fund. The long-term assumed investment rate of return of 5.75% and the assumed annual rate of inflation of 2.75% were reviewed by the actuary for reasonableness and adopted by the Board.

The long-term expected rate of return on pension plan investments was determined using a building-block method in which best-estimate arithmetic expected future real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class. These assumptions are converted into nominal assumptions by adding inflation, then combined by weighting them by the target asset allocation percentages.

The target asset allocation and best estimates of arithmetic real rates of return for each major

asset class are summarized in the following table:

Long-term

Target

expected real

Asset Class

Allocation

rate of return*

Investment grade corporate credit Mortgage-backed securities Core bonds Large cap equities Small/mid cap equities International unhedged equities Emerging international equities Private equity Real estate (core) Real assets (liquid)
Total

12.00 % 12.00 10.50 15.50 15.50 13.00 6.50 5.00 5.00 5.00 100.00 %

1.69 % 0.28 0.58 5.18 6.11 5.84 9.37 10.18 4.30 4.21

* Rates shown are net of inflation

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GEORGIA FIREFIGHTERS' PENSION FUND (A Component Unit of the State of Georgia)
Notes to Schedule of Employer and Nonemployer Allocations and Schedule of Pension Amounts by Employer and Nonemployer
June 30, 2021

Discount Rate The discount rate used to measure the total pension liability was 5.75%. The projection of cash flows used to determine the discount rate assumed that plan member contributions will be made at the current contribution rate and that nonemployer contributions will remain at the level contributed the previous fiscal year. Based on those assumptions, the Pension Fund's fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability.

Sensitivity of the Collective Net Pension Liability to Changes in the Discount Rate The following table presents the collective net pension liability of the Pension Fund, calculated using the discount rate of 5.75%, as well as what the Pension Fund's net pension liability would be if it were calculated using a discount rate that is 1-percentage-point lower (4.75%) or 1percentage-point higher (6.75%) than the current rate:

Collective net pension liability

1% Decrease (4.75%) $ 205,763,309 $

Current

1%

discount rate

Increase

(5.75%)

(6.75%)

40,105,397 $ (96,570,684)

Note 4: Special Funding Situation The State of Georgia, although not the employer of the Pension Fund's members, makes contributions to the Pension Fund through the collection of insurance premiums tax as specified by O.C.G.A. 47-7-61. The State makes all these contributions to the Pension Fund on behalf of the employers. Therefore, these employers are considered to be in a special funding situation as defined by GASB Statement No. 68, Accounting and Financial Reporting for Pensions an amendment of GASB Statement No. 27.
Since the employers of the Pension Fund's members do not contribute directly to the Pension Fund, there is no net pension liability to recognize for each employer. However, the notes to each employer's financial statements must disclose the portion of the nonemployer contributing entity's share of the collective net pension liability that is associated with that employer. In addition, each employer must recognize its portion of the collective pension expense of the State as well as recognize revenue contributions from the State in an equal amount.

28

GEORGIA FIREFIGHTERS' PENSION FUND (A Component Unit of the State of Georgia)
Notes to Schedule of Employer and Nonemployer Allocations and Schedule of Pension Amounts by Employer and Nonemployer June 30, 2021
Note 5: Allocation Methodology GASB Statement No. 68 requires participating employers and nonemployer contributing entities to recognize their proportionate share of collective net pension liability and pension expense. These schedules are prepared to provide employers and nonemployer contributing entities with their calculated proportionate share. As discussed in Note 4, the fire departments, as employers of the Pension Fund's members, do not make contributions to the Pension Fund; therefore, the proportionate share allocation for each employer is 0%. The proportionate share attributable to the State of Georgia, as the nonemployer contributing entity, is therefore 100%. The amounts attributable to the State of Georgia, as the nonemployer contributing entity, have been allocated based on the number of active plan members employed by or volunteering for each fire department.
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GEORGIA FIREFIGHTERS' PENSION FUND (A Component Unit of the State of Georgia)
Notes to Schedule of Employer and Nonemployer Allocations and Schedule of Pension Amounts by Employer and Nonemployer
June 30, 2021
Note 6: Collective Deferred Outflows of Resources and Deferred Inflows of Resources The following table presents a summary of changes in the collective deferred outflows of resources and deferred inflows of resources for the year ended June 30, 2021:

Deferred outflows of resources Changes of assumptions

Year of deferral
2015 2021

Differences between expected

and actual experience

2016

2018

2021

Amortization period

Beginning of year balance as
previously reported

8.63 years $ 6.95 years
7.53 years 7.19 years 6.95 years

16,752,901 -
16,752,901
259,100 4,473,466
4,732,566

Total deferred outflows of resources

$

21,485,467

Current Year

Additions

Deductions

36,620,279 36,620,279
2,108,798 2,108,798
38,729,077

6,369,925 5,269,105 11,639,030
102,410 1,067,653
303,424 1,473,487
13,112,517

End of year balance
10,382,976 31,351,174 41,734,150
156,690 3,405,813 1,805,374 5,367,877
47,102,027

Deferred inflows of resources

Difference between expected

and actual experience

2015

2017

2019

2020

8.63 years $ 7.31 years 7.13 years 7.00 years

Differences between projected and actual investment earnings
2017 2018 2019 2020 2021 Net difference between projected and actual investment earnings (1)
Total deferred inflows of resources

5 years 5 years 5 years 5 years 5 years
$

3,488,720

-

1,771,798

-

2,996,339

-

471,840

-

8,728,697

-

7,861,424 4,303,784 (1,725,032) (42,571,521)
-
(32,131,345)
(23,402,648)

233,794,387
233,794,387
233,794,387

1,326,511 535,287 584,082 78,640
2,524,520

2,162,209 1,236,511 2,412,257
393,200 6,204,177

7,861,424 2,151,891 (575,010) (10,642,880) 46,758,877
45,554,302
48,078,822

2,151,893 (1,150,022) (31,928,641) 187,035,510
156,108,740
162,312,917

(1) In accordance with paragraph 71b of GASB Statement No. 68, collective deferred outflows of resources and deferred inflows of resources arising from differences between projected and actual pension plan investment earnings in different measurement periods have been aggregated and included as a net collective deferred inflows of resources related to pensions.

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GEORGIA FIREFIGHTERS' PENSION FUND (A Component Unit of the State of Georgia)
Notes to Schedule of Employer and Nonemployer Allocations and Schedule of Pension Amounts by Employer and Nonemployer
June 30, 2021

Amounts reported as deferred outflows of resources and deferred inflows of resources related to pensions will be recognized in pension expense as follows:

Year Ended June 30, 2022

$

2023

2024

2025

2026

Thereafter

(27,104,883) (26,867,179) (30,304,473) (41,646,218)
5,417,960 5,293,903

Total

$

(115,210,890)

Changes in Proportion The amounts shown in the two preceding tables do not include employer- or nonemployer-specific deferred outflows or resources and deferred inflows or resources related to changes in proportion. Based on the allocation methodology discussed in Note 5, there were no changes in proportion for the year ended June 30, 2021.

Note 7: Collective Pension Expense The components of collective pension expense for the year ended June 30, 2021, are shown in the following table:

Service cost Interest on the total pension liability and net cash flow Current period benefit changes Projected earnings on plan investments Member contributions Administrative expenses Other (Miscellaneous) Recognition (amortization) of deferred inflows and outflows of resources
Changes of assumptions Differences between expected and actual experience Net Difference between projected and actual investment earnings

$ 20,963,485 66,927,299 29,203,495 (55,146,822) (4,534,916) 1,568,322 (1,690)
(1,051,033) 11,639,030 (45,554,301)

Collective pension expense

$ 24,012,869

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