- Collection:
- Georgia Government Publications
- Serial:
- Annual financial audit ... Peace Officers' Annuity and Benefit Fund of Georgia, a component unit of the State of Georgia : schedule of employer and nonemployer allocations and schedule of pension amounts by employer and nonemployer.
- Title:
- Annual financial audit, 2021 June 30, Peace Officers' Annuity and Benefit Fund of Georgia, a component unit of the State of Georgia : schedule of employer and nonemployer allocations and schedule of pension amounts by employer and nonemployer.
- Contributor to Resource:
- Georgia. Department of Audits and Accounts, issuing body.
- Publisher:
- Atlanta, Georgia : Georgia Department of Audits & Accounts
- Date of Original:
- 2022-04-29
- Subject:
- Peace Officers' Annuity and Benefit Fund of Georgia--Finance--Periodicals.
Peace officers--Pensions--Georgia--Auditing--Periodicals.
Peace officers--Pensions--Georgia--Finance--Statistics--Periodicals.
Georgia Government Documents--Serial - Location:
- United States, Georgia, 32.75042, -83.50018
- Medium:
- state government records
- Type:
- Text
- Format:
- application/pdf
- Description:
- Report year covers fiscal year.
Other titles issued as part of this resource include: Audit report, Peace Officers' Annuity and Benefit Fund of Georgia, a component unit of the State of Georgia; Review report, Peace Officers' Annuity and Benefit Fund of Georgia, a component unit of the State of Georgia; Peace Officers' Annuity and Benefit Fund of Georgia, report on review of the financial statements for the fiscal year ended ...; Management report, Peace Officers' Annuity and Benefit Fund of Georgia, a component unit of the State of Georgia; or: Peace Officers' Annuity and Benefit Fund of Georgia, financial statements ... (with independent auditor's report thereon).
June 30, 2021; title from PDF cover (Georgia Government Publications database, viewed January 14, 2024).
June 30, 2022 (Georgia Government Publications database, viewed January 14, 2024). - External Identifiers:
- Metadata URL:
- https://dlg.galileo.usg.edu/id:dlg_ggpd_1484479296-2022-04-29
- Digital Object URL:
- https://dlg.galileo.usg.edu/do:dlg_ggpd_1484479296-2022-04-29
- Language:
- eng
- Holding Institution:
- University of Georgia. Map and Government Information Library
- Rights:
-
ANNUAL FINANCIAL AUDIT JUNE 30, 2021
Peace Officers' Annuity and Benefit Fund of Georgia
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 Commissioners of the Peace Officers' Annuity and Benefit Fund of Georgia
and Mr. Homer Bryson, Secretary-Treasurer
We have audited the accompanying schedule of employer and nonemployer allocations of the Peace Officers' Annuity and Benefit Fund of Georgia (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 Commissioners, 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
PEACE OFFICERS' ANNUITY AND BENEFIT FUND OF GEORGIA (A Component Unit of the State of Georgia)
Schedule of Employer and Nonemployer Allocations
For the year ended June 30, 2021
Employer
Number of Active Members
State of Georgia - Nonemployer Contributing Entity
State's Proportionate Share Associated with:
Abraham Baldwin College
3
Acworth Police Department
20
Adairsville Police Department
11
Adel Police Department
5
Alamo Police Department
2
Albany Police Department
19
Albany State University
1
Alcovy Judicial Circuit
2
Alma Police Department
3
Alpharetta Police Department
52
Alto Police Department
2
Americus Police Department
9
Appalachian Judicial Circuit
3
Appling County Sheriff's Office
13
Arcade Police Department
1
Arlington Police Department
1
Athens Diversion Center
2
Athens Technical College
1
Athens-Clarke County Marshal
1
Athens-Clarke County Police Department
113
Atkinson County School Police Department
1
Atkinson County Sheriff
1
Atlanta Bureau Of Corrections
1
Atlanta Judicial Circuit
1
Atlanta Metro College
3
Atlanta Police Department
575
Atlanta Public Schools Police Department
25
Atlantic Judicial Circuit
2
Auburn Police Department
4
Augusta Judicial Circuit
3
Augusta Technical College
2
Augusta University
3
Augusta-Richmond County Police Department
4
Austell Police Department
9
Avondale Estates Police Department
13
Bacon County Sheriff's Office
2
Bainbridge Marshal's Office
2
Allocation Percentage
0.0225% 0.1502% 0.0826% 0.0375% 0.0150% 0.1426% 0.0075% 0.0150% 0.0225% 0.3904% 0.0150% 0.0676% 0.0225% 0.0976% 0.0075% 0.0075% 0.0150% 0.0075% 0.0075% 0.8483% 0.0075% 0.0075% 0.0075% 0.0075% 0.0225% 4.3168% 0.1877% 0.0150% 0.0300% 0.0225% 0.0150% 0.0225% 0.0300% 0.0676% 0.0976% 0.0150% 0.0150%
3
PEACE OFFICERS' ANNUITY AND BENEFIT FUND OF GEORGIA (A Component Unit of the State of Georgia)
Schedule of Employer and Nonemployer Allocations
For the year ended June 30, 2021
Employer Bainbridge Police Department Baker County Sheriff's Office Baldwin County Sheriff's Office Baldwin Police Department Ball Ground Police Department Banks County Sheriff's Office Barnesville Police Department Barrow County Sheriff's Office Bartow County School System Bartow County Sheriff's Office Baxley Police Department Ben Hill County Sheriff's Office Berrien County Sheriff's Office Bibb County Board of Education Bibb County Probation Office Bibb County Sheriff's Office Blackshear Police Department Blairsville Police Department Bleckley County Sheriff Bloomingdale Police Department Blue Ridge Judicial Circuit Blue Ridge Police Department Blythe Police Department Board of Regents Campus Police Department Bowdon Police Department Brantley County Sheriff's Office Braselton Police Department Bremen Police Department Brookhaven Police Department Brooks County Sheriff's Office Brunswick Judicial Circuit Brunswick Police Department Bryan County Sheriff's Office Buford City Schools Bulloch County Code Enforcement Bulloch County Sheriff's Office Bulloch County Board of Education Bulloch County Correctional Institute Bulloch County Probation Burke County Sheriff's Office Butler Police Department Butts County Sheriff
Number of Active Members
8 1 23 7 2 18 5 32 3 113 1 6 4 4 2 169 8 4 12 12 3 9 1 1 2 5 2 1 53 2 1 6 11 4 1 41 1 9 1 30 4 11
Allocation Percentage
0.0601% 0.0075% 0.1727% 0.0526% 0.0150% 0.1351% 0.0375% 0.2402% 0.0225% 0.8483% 0.0075% 0.0450% 0.0300% 0.0300% 0.0150% 1.2688% 0.0601% 0.0300% 0.0901% 0.0901% 0.0225% 0.0676% 0.0075% 0.0075% 0.0150% 0.0375% 0.0150% 0.0075% 0.3979% 0.0150% 0.0075% 0.0450% 0.0826% 0.0300% 0.0075% 0.3078% 0.0075% 0.0676% 0.0075% 0.2252% 0.0300% 0.0826%
4
PEACE OFFICERS' ANNUITY AND BENEFIT FUND OF GEORGIA (A Component Unit of the State of Georgia)
Schedule of Employer and Nonemployer Allocations
For the year ended June 30, 2021
Employer Byron Police Department Cairo Police Department Calhoun Police Department Camden County Sheriff Camilla Police Department Candler County Sheriff Canon Police Department Canton Police Department Carroll County Correctional Institute Carroll County Sheriff Carrollton Police Department Cartersville Police Department Catoosa County Sheriff Cedartown Police Department Centerville Police Department Central Ga Tech College Chamblee Police Department Charlton County Sheriff Chatham County District Attorney Chatham County Marine Patrol Chatham County Board of Education Police Department Chatham County Police Chatham County Sheriff Chatsworth Police Department Chattahoochee County Sheriff Chattahoochee Hills Police Department Chattahoochee Judicial Circuit Chattahoochee Tech College Chattooga County Sheriff Chauncey Police Department Cherokee County Board of Education Cherokee County Probation Service Cherokee County Sheriff's Office Cherokee County Solicitor's Cherokee County Marshal Office Cherokee Judicial Circuit Chickamauga Police Department Clarke County Probation Services Clarke County Correctional Institute Clarke County Sheriff Clarkesville Police Department Clarkston Police Department
Number of Active Members
6 10 26 52 6 13 1 23 4 89 54 24 10 18 2 1 61 4 4 5 11 42 81 17 1 4 2 4 21 1 8 2 123 4 7 2 1 5 9 41 3 9
Allocation Percentage
0.0450% 0.0751% 0.1952% 0.3904% 0.0450% 0.0976% 0.0075% 0.1727% 0.0300% 0.6682% 0.4054% 0.1802% 0.0751% 0.1351% 0.0150% 0.0075% 0.4580% 0.0300% 0.0300% 0.0375% 0.0826% 0.3153% 0.6081% 0.1276% 0.0075% 0.0300% 0.0150% 0.0300% 0.1577% 0.0075% 0.0601% 0.0150% 0.9234% 0.0300% 0.0526% 0.0150% 0.0075% 0.0375% 0.0676% 0.3078% 0.0225% 0.0676%
5
PEACE OFFICERS' ANNUITY AND BENEFIT FUND OF GEORGIA (A Component Unit of the State of Georgia)
Schedule of Employer and Nonemployer Allocations
For the year ended June 30, 2021
Employer Claxton Police Department Clay County Sheriff Clayton County Solicitor Gen. Clayton County Correctional Institute Clayton County Police Department Clayton County Sheriff Clayton County School Police Clayton Judicial Circuit Clayton Police Department Clayton State College Cleveland Police Department Coastal Georgia College Cobb County Board of Education Cobb County Park Police Cobb County Police Department Cobb County Sheriff Cobb Judicial Circuit Cochran Police Department Coffee County Sheriff Cohutta Police Department College Park Police Department Colquitt County Correctional Institute Colquitt County Sheriff Columbia County Board of Education Police Department Columbia County Sheriff Columbus Police Department Columbus State University Columbus Technical College Comer Police Department Commerce Police Department Conasauga Judicial Circuit Conyers Police Department Cook County Sheriff Cordele Police Department Cornelia Police Department Covington Police Department Coweta County Correctional Institute Coweta County District Attorney Coweta County State Probation Coweta County Sheriff Coweta Judicial Circuit Crawford County Sheriff
Number of Active Members
10 5 9 5 85 25 7 1 16 2 9 3 23 1 313 214 9 1 5 3 24 6 16 3 52 155 4 1 1 9 1 21 1 5 7 38 58 2 3 116 1 2
Allocation Percentage
0.0751% 0.0375% 0.0676% 0.0375% 0.6381% 0.1877% 0.0526% 0.0075% 0.1201% 0.0150% 0.0676% 0.0225% 0.1727% 0.0075% 2.3498% 1.6066% 0.0676% 0.0075% 0.0375% 0.0225% 0.1802% 0.0450% 0.1201% 0.0225% 0.3904% 1.1637% 0.0300% 0.0075% 0.0075% 0.0676% 0.0075% 0.1577% 0.0075% 0.0375% 0.0526% 0.2853% 0.4354% 0.0150% 0.0225% 0.8709% 0.0075% 0.0150%
6
PEACE OFFICERS' ANNUITY AND BENEFIT FUND OF GEORGIA (A Component Unit of the State of Georgia)
Schedule of Employer and Nonemployer Allocations
For the year ended June 30, 2021
Employer Crisp County Sheriff Cumming Police Department Cuthbert Police Department Dacula Marshal Dade County Sheriff Dahlonega Marshal Office Dahlonega Police Department Dallas Marshal's Office Dallas Police Department Dalton College Dalton Police Department Danielsville Police Department Darien Police Department Davisboro Police Department Dawson County Sheriff Dads Investigative Unit Decatur County Correctional Institute Decatur County Sheriff's Office Decatur Police Department Dekalb County Board of Education Dekalb County District Attorney Dekalb County Probation Department Dekalb County Marshals Office Dekalb County Police Department Dekalb County Sheriff Dekalb County Solicitor Demorest Police Department Department of Juvenile Justice Department of Natural Resources Dillard Police Department Dodge County Sheriff Donalsonville Police Department Dooly County Sheriff Doraville Police Department Dougherty County Police Department Dougherty County Board of Education Dougherty County Sheriff Dougherty Judicial Circuit Douglas County District Attorney's Office Douglas County Sheriff Douglas Judicial Circuit Douglas Police Department
Number of Active Members
51 19 1 2 7 1 1 1 8 4 58 2 2 1 24 33 2 12 23 21 17 11 6 292 43 7 4 26 176 1 6 4 17 16 3 2 33 4 1 87 3 12
Allocation Percentage
0.3829% 0.1426% 0.0075% 0.0150% 0.0526% 0.0075% 0.0075% 0.0075% 0.0601% 0.0300% 0.4354% 0.0150% 0.0150% 0.0075% 0.1802% 0.2477% 0.0150% 0.0901% 0.1727% 0.1577% 0.1276% 0.0826% 0.0450% 2.1922% 0.3228% 0.0526% 0.0300% 0.1952% 1.3213% 0.0075% 0.0450% 0.0300% 0.1276% 0.1201% 0.0225% 0.0150% 0.2477% 0.0300% 0.0075% 0.6532% 0.0225% 0.0901%
7
PEACE OFFICERS' ANNUITY AND BENEFIT FUND OF GEORGIA (A Component Unit of the State of Georgia)
Schedule of Employer and Nonemployer Allocations
For the year ended June 30, 2021
Employer Douglasville Police Department Dublin Police Department Duluth Police Department Dunwoody Police Department Early County Department of Public Safety East Ellijay Police Department East Georgia College East Point Police Department Eastern Judicial Circuit Eastman Police Department Eatonton Police Department Echols County Sheriff's Office Edison Police Department Effingham County Correctional Institute Effingham County Prison Effingham County Sheriff's Office Elbert County Sheriff's Office Elberton Police Department Ellaville Police Department Ellijay Police Department Emanuel County Sheriff Emerson Police Department Enotah Judicial Circuit Eton Police Department Euharlee Police Department Evans County Sheriff Fairburn Police Department Fairmount Police Department Fannin County Sheriff Fayette County Solicitor's Office Fayette County Marshal Fayette County Sheriff Fayetteville Police Department Fitzgerald Police Department Flowery Branch Police Department Floyd County Public Works Floyd County District Attorney Floyd County Sheriff Floyd County Police Department Forest Park Police Department Floyd County Prison Forsyth County District Attorney
Number of Active Members
54 13 19 40 4 7 2 34 2 4 3 1 3 3 1 18 5 10 5 11 7 7 1 3 3 7 13 2 18 1 3 64 44 9 10 4 1 37 42 25 35 6
Allocation Percentage
0.4054% 0.0976% 0.1426% 0.3003% 0.0300% 0.0526% 0.0150% 0.2553% 0.0150% 0.0300% 0.0225% 0.0075% 0.0225% 0.0225% 0.0075% 0.1351% 0.0375% 0.0751% 0.0375% 0.0826% 0.0526% 0.0526% 0.0075% 0.0225% 0.0225% 0.0526% 0.0976% 0.0150% 0.1351% 0.0075% 0.0225% 0.4805% 0.3303% 0.0676% 0.0751% 0.0300% 0.0075% 0.2778% 0.3153% 0.1877% 0.2628% 0.0450%
8
PEACE OFFICERS' ANNUITY AND BENEFIT FUND OF GEORGIA (A Component Unit of the State of Georgia)
Schedule of Employer and Nonemployer Allocations
For the year ended June 30, 2021
Employer Forsyth County Sheriff Forsyth Police Department Fort Valley Police Department Fort Valley State University Franklin County Probation Franklin County Sheriff Franklin Police Department Ft Oglethorpe Police Department Fulton County District Attorney Fulton County Board of Education Fulton County Marshal Office Fulton County Police Department Fulton County Sheriff Fulton County Solicitor Gainesville Code Enforcement Gainesville Police Department Garden City Police Department Georgia Bureau of Investigation Georgia College & State University Georgia Department of Corrections Georgia Department of Community Supervision Georgia Dot Investigations Off. Georgia Emergency Mgt. Agency Georgia Ins. Fraud Inv. Unit Georgia Northwestern Tech Coll Georgia P.O.S.T Police Force Georgia P.O.S.T. Council Police Georgia Pardons & Paroles Board Georgia Piedmont Tech College Georgia Public Safety Training Center Georgia Secretary Of State Georgia Southwestern State University Georgia Tech Police Department Georgia Agricultural Exposition Authority Georgia Forestry Commission Georgia Building Authority Georgia Department Of Revenue Georgia Gwinnett College Georgia Medical Board Georgia Perimeter College Georgia Ports Authority Georgia Southern University
Number of Active Members
187 3 16 2 3 13 8 10 12 33 12 10 68 3 3 61 27
222 9
596 126
2 1 8 1 1 9 110 1 19 11 2 26 1 2 1 26 9 3 4 38 11
Allocation Percentage
1.4039% 0.0225% 0.1201% 0.0150% 0.0225% 0.0976% 0.0601% 0.0751% 0.0901% 0.2477% 0.0901% 0.0751% 0.5105% 0.0225% 0.0225% 0.4580% 0.2027% 1.6667% 0.0676% 4.4745% 0.9459% 0.0150% 0.0075% 0.0601% 0.0075% 0.0075% 0.0676% 0.8258% 0.0075% 0.1426% 0.0826% 0.0150% 0.1952% 0.0075% 0.0150% 0.0075% 0.1952% 0.0676% 0.0225% 0.0300% 0.2853% 0.0826%
9
PEACE OFFICERS' ANNUITY AND BENEFIT FUND OF GEORGIA (A Component Unit of the State of Georgia)
Schedule of Employer and Nonemployer Allocations
For the year ended June 30, 2021
Employer Georgia State Fire Marshal Georgia State Patrol Georgia State University Georgia Regents University Gilmer County Sheriff Glascock County Sheriff Glennville Police Department Glynn County Board Of Education Glynn County Police Department Glynn County Arson Unit Glynn County Sheriff Gordon County Sheriff Gordon Police Department Gordon State College Grady County Sheriff Grantville Police Department Gray Police Department Greene County Sheriff Greensboro Police Department Greenville Police Department Griffin Judicial Circuit Griffin Police Department Grovetown Police Department Guyton Police Department Gwinnett County Correctional Institute Gwinnett County Police Department Gwinnett County Board of Education Gwinnett County District Attorney's Office Gwinnett County Sheriff Gwinnett County Solicitor Gwinnett Judicial Circuit Gwinnett Technical College Habersham County Sheriff Hahira Police Department Hall County Correctional Institute Hall County Enforcement Division Hall County District Attorney Hall County Marshal Hall County Probation Serv Hall County Public Works Hall County Sheriff Hampton Police Department
Number of Active Members
2 573 20
1 57 4 1 7 10 2 12 43 4 8 4 2 12 11 5 1 3 24 25 1 31 335 69 5 145 3 15 2 16 3 20 1 1 2 2 3 236 9
Allocation Percentage
0.0150% 4.3018% 0.1502% 0.0075% 0.4279% 0.0300% 0.0075% 0.0526% 0.0751% 0.0150% 0.0901% 0.3228% 0.0300% 0.0601% 0.0300% 0.0150% 0.0901% 0.0826% 0.0375% 0.0075% 0.0225% 0.1802% 0.1877% 0.0075% 0.2327% 2.5150% 0.5180% 0.0375% 1.0886% 0.0225% 0.1126% 0.0150% 0.1201% 0.0225% 0.1502% 0.0075% 0.0075% 0.0150% 0.0150% 0.0225% 1.7718% 0.0676%
10
PEACE OFFICERS' ANNUITY AND BENEFIT FUND OF GEORGIA (A Component Unit of the State of Georgia)
Schedule of Employer and Nonemployer Allocations
For the year ended June 30, 2021
Employer Hapeville Police Department Haralson County Sheriff Harlem Police Department Harris County Correctional Institute Harris County Sheriff Hart County Sheriff Hartwell Police Department Hazlehurst Police Department Heard County Sheriff Helen Police Department Helena Police Department Henry County District Attorney Henry County Police Department Henry County Sheriff Henry County Solicitor Hephzibah Police Department Hiawassee Police Department Hinesville Police Department Hiram Police Department Hoboken Police Department Hogansville Police Department Holly Springs Police Department Homerville Police Department Houston County Sheriff Irwin County Sheriff Jackson County Correctional Institute Jackson County Sheriff Jackson Police Department Jasper County Sheriff Jasper Police Department Jeff Davis County Sheriff Jefferson County Correctional Institute Jefferson County Sheriff Jefferson Police Department Jeffersonville Police Department Jenkins County Sheriff Jesup Police Department Johns Creek Police Department Johnson County Sheriff Jones County Sheriff Jonesboro Police Department Kennesaw Police Department
Number of Active Members
12 10 1 2 29 15 13 5 5 6 2 2 83 58 2 5 2 32 5 1 4 24 1 117 4 9 34 11 11 13 7 2 8 5 1 1 30 34 3 37 2 38
Allocation Percentage
0.0901% 0.0751% 0.0075% 0.0150% 0.2177% 0.1126% 0.0976% 0.0375% 0.0375% 0.0450% 0.0150% 0.0150% 0.6231% 0.4354% 0.0150% 0.0375% 0.0150% 0.2402% 0.0375% 0.0075% 0.0300% 0.1802% 0.0075% 0.8784% 0.0300% 0.0676% 0.2553% 0.0826% 0.0826% 0.0976% 0.0526% 0.0150% 0.0601% 0.0375% 0.0075% 0.0075% 0.2252% 0.2553% 0.0225% 0.2778% 0.0150% 0.2853%
11
PEACE OFFICERS' ANNUITY AND BENEFIT FUND OF GEORGIA (A Component Unit of the State of Georgia)
Schedule of Employer and Nonemployer Allocations
For the year ended June 30, 2021
Employer Kennesaw State University Kingsland Police Department Lafayette Police Department Lagrange Police Department Lake City Police Department Lakeland Police Department Lamar County Sheriff Lanier Tech College Police Department Lanier Technical College Laurens County Sheriff Lavonia Police Department Lawrenceville Police Department Lee County Marshals Office Lee County Sheriff Leesburg Police Department Lenox Police Department Leslie Police Department Liberty County Sheriff Lilburn Police Department Lincoln County Sheriff Lincolnton Police Department Lithonia Police Department Locust Grove Police Department Loganville Police Department Long County Sheriff Lookout Mountain Police Lookout Mtn. Judicial Circuit Louisville Police Department Lowndes County Sheriff Ludowici Police Department Lumpkin County Sheriff Lyons Police Department Macon County Sheriff Macon Judicial Circuit Macon Police Department Madison County Sheriff Madison Police Department Manchester Police Department Marietta Police Department Marion County Sheriff Marta Police Department McCaysville Police Department
Number of Active Members
28 6 13 75 16 1 14 1 3 62 15 43 1 14 12 3 1 29 13 1 2 2 5 21 12 2 2 4 32 1 17 6 1 2 35 17 5 7 80 2 70 2
Allocation Percentage
0.2102% 0.0450% 0.0976% 0.5631% 0.1201% 0.0075% 0.1051% 0.0075% 0.0225% 0.4655% 0.1126% 0.3228% 0.0075% 0.1051% 0.0901% 0.0225% 0.0075% 0.2177% 0.0976% 0.0075% 0.0150% 0.0150% 0.0375% 0.1577% 0.0901% 0.0150% 0.0150% 0.0300% 0.2402% 0.0075% 0.1276% 0.0450% 0.0075% 0.0150% 0.2628% 0.1276% 0.0375% 0.0526% 0.6006% 0.0150% 0.5255% 0.0150%
12
PEACE OFFICERS' ANNUITY AND BENEFIT FUND OF GEORGIA (A Component Unit of the State of Georgia)
Schedule of Employer and Nonemployer Allocations
For the year ended June 30, 2021
Employer McDonough Police Department McDuffie County Schools Police Department McDuffie County Sheriff McIntosh County Sheriff McIntyre Police Department Mcrae-Helena Police Department Meriwether County Sheriff Metter Police Department Middle Georgia State University Milledgeville Police Department Millen Police Department Miller County Sheriff Milton Police Department Mitchell County Correctional Mitchell County Sheriff Molena Police Department Monroe County Sheriff Monroe Police Department Montezuma Police Department Montgomery County Sheriff Morgan County Sheriff Morrow Police Department Moultrie Police Department Mount Airy Police Department Mount Vernon Police Department Mount Zion Police Department Mountain City Police Department Mountain Judicial Circuit Murray County Marshal's Office Murray County Sheriff Muscogee County Correctional Institute Muscogee County Marshal's Office Muscogee County Sheriff Nahunta Police Department Nashville Marshal's Office Nashville Police Department Newnan Police Department Newton County Sheriff Department Newton County District Attorney Nicholls Police Department Norcross Police Department North Georgia Technical College
Number of Active Members
21 1 8 9 4 5 13 5 8 8 10 1 23 1 8 1 28 42 6 4 9 25 3 1 4 3 1 1 1 35 5 4 61 1 1 7 34 137 2 3 15 2
Allocation Percentage
0.1577% 0.0075% 0.0601% 0.0676% 0.0300% 0.0375% 0.0976% 0.0375% 0.0601% 0.0601% 0.0751% 0.0075% 0.1727% 0.0075% 0.0601% 0.0075% 0.2102% 0.3153% 0.0450% 0.0300% 0.0676% 0.1877% 0.0225% 0.0075% 0.0300% 0.0225% 0.0075% 0.0075% 0.0075% 0.2628% 0.0375% 0.0300% 0.4580% 0.0075% 0.0075% 0.0526% 0.2553% 1.0285% 0.0150% 0.0225% 0.1126% 0.0150%
13
PEACE OFFICERS' ANNUITY AND BENEFIT FUND OF GEORGIA (A Component Unit of the State of Georgia)
Schedule of Employer and Nonemployer Allocations
For the year ended June 30, 2021
Employer North Georgia College Northeastern Judicial Circuit Northern Judicial Circuit Oakwood Police Department Ocilla Police Department Oconee County Sheriff Oconee Judicial Circuit Ogeechee Judicial Circuit Ogeechee Tech College Police Department Oglethorpe County Sheriff Oglethorpe Police Department Oliver Police Department Omega Police Department Oxford Police Department Peace Officers' Annuity and Benefit Fund Palmetto Police Department Paulding County Marshal Paulding County Sheriff Paulding Judicial Circuit Peach County Sheriff Peachtree City Police Department Pelham Police Department Pembroke Police Department Pendergrass Police Department Perry Police Department Pickens County Sheriff's Office Pierce County Sheriff Pike County Sheriff's Office Pine Lake Police Department Pine Mountain Police Department Plains Police Department Polk County Police Department Polk County Sheriff Polk School District Police Pooler Police Department Port Wentworth Police Department Portal Police Department Powder Springs Police Department Prosecuting Attorney Council Pulaski County Sheriff Putnam County Sheriff Quitman County Sheriff
Number of Active Members
5 5 3 8 5 56 1 1 1 3 2 1 2 2 10 12 5 170 4 6 23 1 3 1 17 15 5 29 2 1 1 9 14 3 61 8 2 25 2 6 8 3
Allocation Percentage
0.0375% 0.0375% 0.0225% 0.0601% 0.0375% 0.4204% 0.0075% 0.0075% 0.0075% 0.0225% 0.0150% 0.0075% 0.0150% 0.0150% 0.0751% 0.0901% 0.0375% 1.2763% 0.0300% 0.0450% 0.1727% 0.0075% 0.0225% 0.0075% 0.1276% 0.1126% 0.0375% 0.2177% 0.0150% 0.0075% 0.0075% 0.0676% 0.1051% 0.0225% 0.4580% 0.0601% 0.0150% 0.1877% 0.0150% 0.0450% 0.0601% 0.0225%
14
PEACE OFFICERS' ANNUITY AND BENEFIT FUND OF GEORGIA (A Component Unit of the State of Georgia)
Schedule of Employer and Nonemployer Allocations
For the year ended June 30, 2021
Employer Quitman Police Department Rabun County Marshal Office Rabun County Sheriff Randolph County Sheriff Reidsville Police Department Remerton Police Department Reynolds Police Department Richland Police Department Richmond Co Solicitor Richmond County Board of Education Richmond County Marshal's Office Richmond County Correctional Institute Richmond County Sheriff Richmond Hill Police Department Rincon Police Department Ringgold Police Department Riverdale Police Department Rockdale County District Attorney's Office Rockdale County Sheriff Rockmart Police Department Rome Fire Department Rome Judicial Circuit Rome Police Department Roosevelt Facility Police Rossville Police Department Roswell Police Department Royston Police Department Sandersville Police Department Sandy Springs Police Department Sardis Police Department Savannah Airport Commission Savannah Police Department Savannah State College Savannah Technical College Screven County Sheriff Screven Police Department Seminole County Sheriff Senoia Police Department Shiloh Police Department Sky Valley Police Department Smyrna Police Department Snellville Police Department
Number of Active Members
1 1 8 1 2 1 3 2 1 8 11 4 97 23 4 2 14 2 45 4 1 3 80 2 4 50 3 2 71 3 10 446 2 1 3 2 8 12 2 2 20 39
Allocation Percentage
0.0075% 0.0075% 0.0601% 0.0075% 0.0150% 0.0075% 0.0225% 0.0150% 0.0075% 0.0601% 0.0826% 0.0300% 0.7282% 0.1727% 0.0300% 0.0150% 0.1051% 0.0150% 0.3378% 0.0300% 0.0075% 0.0225% 0.6006% 0.0150% 0.0300% 0.3754% 0.0225% 0.0150% 0.5330% 0.0225% 0.0751% 3.3483% 0.0150% 0.0075% 0.0225% 0.0150% 0.0601% 0.0901% 0.0150% 0.0150% 0.1502% 0.2928%
15
PEACE OFFICERS' ANNUITY AND BENEFIT FUND OF GEORGIA (A Component Unit of the State of Georgia)
Schedule of Employer and Nonemployer Allocations
For the year ended June 30, 2021
Employer Social Circle Police Department South Fulton Police Department South Georgia College Southern Crescent Technical Southern Judicial Circuit Southern Regional Technical College Southern Regional Tech Police Department Southwestern Judicial Circuit Spalding Correctional Institute Spalding County Sheriff Spalding City Parks & Recreation Department Sparta Police Department Springfield Police Department St Mary's Police Department Stapleton Police Department State Board of Pardons & Paroles State Board of Workers Comp Statesboro Police Department Statham Police Department Stephens County Sheriff Stewart County Sheriff Stone Mountain Park Stone Mountain Police Department Stone Mtn. Judicial Circuit Summerville Police Department Sumter County Correctional Institute Sumter County Sheriff Suwanee Police Department Swainsboro Police Department Swag Regional Airport Police Department Sylvania Police Department Sylvester Police Department Talbot County Sheriff Talbotton Police Department Taliaferro County Sheriff Tallapoosa Police Department Tattnall County Sheriff Taylor County School District Taylor County Sheriff Telfair County Sheriff Temple Police Department Tennille Police Department
Number of Active Members
2 29 2 3 1 1 1 2 28 31 7 1 2 1 1 3 1 42 3 7 1 3 6 1 5 3 10 36 4 1 3 3 2 1 10 4 13 1 5 3 1 2
Allocation Percentage
0.0150% 0.2177% 0.0150% 0.0225% 0.0075% 0.0075% 0.0075% 0.0150% 0.2102% 0.2327% 0.0526% 0.0075% 0.0150% 0.0075% 0.0075% 0.0225% 0.0075% 0.3153% 0.0225% 0.0526% 0.0075% 0.0225% 0.0450% 0.0075% 0.0375% 0.0225% 0.0751% 0.2703% 0.0300% 0.0075% 0.0225% 0.0225% 0.0150% 0.0075% 0.0751% 0.0300% 0.0976% 0.0075% 0.0375% 0.0225% 0.0075% 0.0150%
16
PEACE OFFICERS' ANNUITY AND BENEFIT FUND OF GEORGIA (A Component Unit of the State of Georgia)
Schedule of Employer and Nonemployer Allocations
For the year ended June 30, 2021
Employer Terrell County Correctional Institute Terrell County Sheriff Thomas County Sheriff Thomaston Police Department Thomasville Police Department Thomson Police Department Thunderbolt Police Department Tift County Sheriff Tifton Judicial Circuit Tifton Police Department Toccoa Police Department Toombs County Sheriff Toomsboro Police Department Towns County Sheriff Trenton Police Department Treutlen County Sheriff Trion Police Department Troup County Sheriff Tunnel Hill Police Department Turner County Sheriff Twiggs County Sheriff Tybee Island Police Department Tyrone Police Department Ugo Police Department Union City Police Department Union County Schools Police Department Union County Sheriff Univ North Ga Gainesville University Of West Georgia Upson County Sheriff Valdosta Police Department Valdosta State University Vidalia Police Department Vienna Police Department Villa Rica Police Department Wadley Police Department Walker County Police Department Walker County Sheriff Walthourville Police Department Walton County Juvenile Ct. Walton County Sheriff Ware County Police Department
Number of Active Members
1 1 16 4 55 2 6 9 4 38 13 8 1 5 5 2 1 25 4 5 19 18 5 30 8 4 34 7 12 19 41 6 10 1 13 1 1 16 1 2 113 1
Allocation Percentage
0.0075% 0.0075% 0.1201% 0.0300% 0.4129% 0.0150% 0.0450% 0.0676% 0.0300% 0.2853% 0.0976% 0.0601% 0.0075% 0.0375% 0.0375% 0.0150% 0.0075% 0.1877% 0.0300% 0.0375% 0.1426% 0.1351% 0.0375% 0.2252% 0.0601% 0.0300% 0.2553% 0.0526% 0.0901% 0.1426% 0.3078% 0.0450% 0.0751% 0.0075% 0.0976% 0.0075% 0.0075% 0.1201% 0.0075% 0.0150% 0.8483% 0.0075%
17
PEACE OFFICERS' ANNUITY AND BENEFIT FUND OF GEORGIA (A Component Unit of the State of Georgia)
Schedule of Employer and Nonemployer Allocations
For the year ended June 30, 2021
Employer Ware County Schools Police Department Ware County Sheriff Warm Springs Police Department Warner Robins Police Department Warren County Sheriff Warrenton Police Department Washington County Board of Education Washington County Sheriff Washington Police Department Watkinsville Police Department Waverly Hall Police Department Waycross Police Department Wayne County Sheriff Waynesboro Police Department Webster County Sheriff West Ga Technical College West Point Police Department Western Judicial Circuit Whigham Police Department White County Sheriff White Police Department Whitesburg Police Department Whitfield County District Attorney's Office Whitfield County Sheriff Whitworth Women's Facility Wilcox County Sheriff Wilkes County Sheriff Wilkinson County Sheriff Willacoochee Police Department Winder Police Department Woodstock Police Department World Congress Center Worth County Sheriff Wrens Police Department Wrightsville Police Department Zebulon Police Department
Number of Active Members
5 10 1 51 1 1 1 2 2 1 3 19 26 11 2 2 3 3 2 42 1 2 2 51 1 1 7 5 1 17 12 3 5 1 4 4
TOTAL
13,320
Allocation Percentage
0.0375% 0.0751% 0.0075% 0.3829% 0.0075% 0.0075% 0.0075% 0.0150% 0.0150% 0.0075% 0.0225% 0.1426% 0.1952% 0.0826% 0.0150% 0.0150% 0.0225% 0.0225% 0.0150% 0.3153% 0.0075% 0.0150% 0.0150% 0.3829% 0.0075% 0.0075% 0.0526% 0.0375% 0.0075% 0.1276% 0.0901% 0.0225% 0.0375% 0.0075% 0.0300% 0.0300%
100%
18
Employer
State of Georgia - Nonemployer Contributing Entity State's Proportionate Share Associated with: Abraham Baldwin College Acworth Police Department Adairsville Police Department Adel Police Department Alamo Police Department Albany Police Department Albany State University Alcovy Judicial Circuit Alma Police Department Alpharetta Police Department Alto Police Department Americus Police Department Appalachian Judicial Circuit Appling County Sheriff's Office Arcade Police Department Arlington Police Department Athens Diversion Center Athens Technical College Athens-Clarke County Marshall Athens-Clarke County Police Department Atkinson County School Police Department Atkinson County Sheriff Atlanta Bureau of Corrections Atlanta Judicial Circuit Atlanta Metro College Atlanta Police Department Atlanta Public Schools Police Department Atlantic Judicial Circuit Auburn Police Department Augusta Judicial Circuit Augusta Technical College Augusta University Augusta-Richmond County Police Department Austell Police Department Avondale Estates Police Department Bacon County Sheriff's Office Bainbridge Marshal's Office Bainbridge Police Department Baker County Sheriff's Office Baldwin County Sheriff's Office Baldwin Police Department Ball Ground Police Department Banks County Sheriff's Office Barnesville Police Department Barrow County Sheriff's Office Bartow County School System Bartow County Sheriff's Office Baxley Police Department Ben Hill County Sheriff's Office Berrien County Sheriff's Office
PEACE OFFICERS' ANNUITY AND BENEFIT FUND OF GEORGIA (A Component Unit of the State of Georgia)
Schedule of Pension Amounts by Employer and Nonemployer
Net Pension Liability
For the year ended June 30, 2021
Deferred Outflows of Resources
Change in Assumptions
Difference Between Expected and Actual Experience
Total Deferred Outflows of Resources
Change in Assumptions
Deferred Inflows of Resources
Difference Between Expected and Actual Experience
Net Difference Between Projected and
Actual Investment Earnings on Pension
Plan Investments
Total Deferred Inflows of Resources
Total Employer Pension Expense
$
(767)
(5,112)
(2,812)
(1,278)
(511)
(4,856)
(256)
(511)
(767)
(13,291)
(511)
(2,300)
(767)
(3,323)
(256)
(256)
(511)
(256)
(256)
(28,881)
(256)
(256)
(256)
(256)
(767)
(146,964)
(6,390)
(511)
(1,022)
(767)
(511)
(767)
(1,022)
(2,300)
(3,323)
(511)
(511)
(2,045)
(256)
(5,879)
(1,789)
(511)
(4,601)
(1,278)
(8,179)
(767)
(28,881)
(256)
(1,534)
(1,022)
$
29,290
195,270
107,398
48,817
19,527
185,506
9,763
19,527
29,290
507,702
19,527
87,871
29,290
126,925
9,763
9,763
19,527
9,763
9,763
1,103,275
9,763
9,763
9,763
9,763
29,290
5,614,004
244,087
19,527
39,054
29,290
19,527
29,290
39,054
87,871
126,925
19,527
19,527
78,108
9,763
224,560
68,344
19,527
175,743
48,817
312,432
29,290
1,103,275
9,763
58,581
39,054
19
Employer
State of Georgia - Nonemployer Contributing Entity State's Proportionate Share Associated with: Bibb County Board of Education Bibb County Probation Office Bibb County Sheriff's Office Blackshear Police Department Blairsville Police Department Bleckley County Sheriff Bloomingdale Police Department Blue Ridge Judicial Circuit Blue Ridge Police Department Blythe Police Department Board of Regents Campus Police Department Bowdon Police Department Brantley County Sheriff's Office Braselton Police Department Bremen Police Department Brookhaven Police Department Brooks County Sheriff's Office Brunswick Judicial Circuit Brunswick Police Department Bryan County Sheriff's Office Buford City Schools Bulloch County Code Enforcement Bulloch County Sheriff's Office Bulloch County Board of Education Bulloch County Correctional Institute Bulloch County Probation Burke County Sheriff's Office Butler Police Department Butts County Sheriff Byron Police Department Cairo Police Department Calhoun Police Department Camden County Sheriff Camilla Police Department Candler County Sheriff Canon Police Department Canton Police Department Carroll County Correctional Institute Carroll County Sheriff Carrollton Police Department Cartersville Police Department Catoosa County Sheriff Cedartown Police Department Centerville Police Department Central Ga Tech College Chamblee Police Department Charlton County Sheriff Chatham County District Attorney Chatham County Marine Patrol Chatham County Board of Education Police Department
PEACE OFFICERS' ANNUITY AND BENEFIT FUND OF GEORGIA (A Component Unit of the State of Georgia)
Schedule of Pension Amounts by Employer and Nonemployer
Net Pension Liability
For the year ended June 30, 2021
Deferred Outflows of Resources
Change in Assumptions
Difference Between Expected and Actual Experience
Total Deferred Outflows of Resources
Change in Assumptions
Deferred Inflows of Resources
Difference Between Expected and Actual Experience
Net Difference Between Projected and
Actual Investment Earnings on Pension
Plan Investments
Total Deferred Inflows of Resources
(1,022) (511)
(43,194) (2,045) (1,022) (3,067) (3,067)
(767) (2,300)
(256) (256) (511) (1,278) (511) (256) (13,546) (511) (256) (1,534) (2,812) (1,022) (256) (10,479) (256) (2,300) (256) (7,668) (1,022) (2,812) (1,534) (2,556) (6,645) (13,291) (1,534) (3,323) (256) (5,879) (1,022) (22,747) (13,802) (6,134) (2,556) (4,601) (511) (256) (15,590) (1,022) (1,022) (1,278) (2,812)
Total Employer Pension Expense
39,054 19,527 1,650,030 78,108 39,054 117,162 117,162 29,290 87,871 9,763 9,763 19,527 48,817 19,527 9,763 517,466 19,527 9,763 58,581 107,398 39,054 9,763 400,304 9,763 87,871 9,763 292,905 39,054 107,398 58,581 97,635 253,851 507,702 58,581 126,925 9,763 224,560 39,054 868,951 527,229 234,324 97,635 175,743 19,527 9,763 595,573 39,054 39,054 48,817 107,398
20
Employer
State of Georgia - Nonemployer Contributing Entity State's Proportionate Share Associated with: Chatham County Police Chatham County Sheriff Chatsworth Police Department Chattahoochee County Sheriff Chattahoochee Hills Police Department Chattahoochee Jud. Circuit Chattahoochee Tech College Chattooga County Sheriff Chauncey Police Dept Cherokee County Board of Education Cherokee County Probation Service Cherokee County Sheriff's Office Cherokee County Solicitor's Cherokee County Marshal Office Cherokee Judicial Circuit Chickamauga Police Department Clarke County Probation Services. Clarke County Correctional Institute Clarke County Sheriff Clarkesville Police Department Clarkston Police Department Claxton Police Department Clay County Sheriff Clayton County Solicitor Gen. Clayton County Correctional Institute Clayton County Police Dept Clayton County Sheriff Clayton County School Police Clayton Judicial Circuit Clayton Police Department Clayton State College Cleveland Police Department Coastal Georgia College Cobb County Board of Education Cobb County Park Police Cobb County Police Department Cobb County Sheriff Cobb Judicial Circuit Cochran Police Department Coffee County Sheriff Cohutta Police Department College Park Police Department Colquitt County Correctional Institute Colquitt County Sheriff Columbia County Board of Education Police Department Columbia County Sheriff Columbus Police Department Columbus State University Columbus Technical College Comer Police Department
PEACE OFFICERS' ANNUITY AND BENEFIT FUND OF GEORGIA (A Component Unit of the State of Georgia)
Schedule of Pension Amounts by Employer and Nonemployer
Net Pension Liability
For the year ended June 30, 2021
Deferred Outflows of Resources
Change in Assumptions
Difference Between Expected and Actual Experience
Total Deferred Outflows of Resources
Change in Assumptions
Deferred Inflows of Resources
Difference Between Expected and Actual Experience
Net Difference Between Projected and
Actual Investment Earnings on Pension
Plan Investments
Total Deferred Inflows of Resources
(10,735) (20,702) (4,345)
(256) (1,022)
(511) (1,022) (5,367)
(256) (2,045)
(511) (31,437) (1,022) (1,789)
(511) (256) (1,278) (2,300) (10,479) (767) (2,300) (2,556) (1,278) (2,300) (1,278) (21,724) (6,390) (1,789) (256) (4,089) (511) (2,300) (767) (5,879) (256) (79,999) (54,696) (2,300) (256) (1,278) (767) (6,134) (1,534) (4,089) (767) (13,291) (39,616) (1,022) (256) (256)
Total Employer Pension Expense
410,067 790,843 165,979
9,763 39,054 19,527 39,054 205,033 9,763 78,108 19,527 1,200,909 39,054 68,344 19,527 9,763 48,817 87,871 400,304 29,290 87,871 97,635 48,817 87,871 48,817 829,897 244,087 68,344 9,763 156,216 19,527 87,871 29,290 224,560 9,763 3,055,971 2,089,386 87,871 9,763 48,817 29,290 234,324 58,581 156,216 29,290 507,702 1,513,341 39,054 9,763 9,763
21
Employer
State of Georgia - Nonemployer Contributing Entity State's Proportionate Share Associated with: Commerce Police Department Conasauga Judicial Circuit Conyers Police Department Cook County Sheriff Cordele Police Department Cornelia Police Department Covington Police Department Coweta County Correctional Institute Coweta County District Attorney Coweta County State Probation Coweta County Sheriff Coweta Judicial Circuit Crawford County Sheriff Crisp County Sheriff Cumming Police Department Cuthbert Police Department Dacula Marshal Dade County Sheriff Dahlonega Marshal Office Dahlonega Police Department Dallas Marshal's Office Dallas Police Department Dalton College Dalton Police Department Danielsville Police Department Darien Police Department Davisboro Police Department Dawson County Sheriff Dads Investigative Unit Decatur County Correctional Institute Decatur County Sheriff Decatur Police Department DeKalb County Board of Education DeKalb County District Attorney DeKalb County Probation Department DeKalb County Marshals Office DeKalb County Police Department DeKalb County Sheriff DeKalb County Solicitor Demorest Police Department Department of Juvenile Justice Department of Natural Resources Dillard Police Department Dodge County Sheriff Donalsonville Police Department Dooly County Sheriff Doraville Police Department Dougherty County Police Department Dougherty County Board of Education Dougherty County Sheriff
PEACE OFFICERS' ANNUITY AND BENEFIT FUND OF GEORGIA (A Component Unit of the State of Georgia)
Schedule of Pension Amounts by Employer and Nonemployer
Net Pension Liability
For the year ended June 30, 2021
Deferred Outflows of Resources
Change in Assumptions
Difference Between Expected and Actual Experience
Total Deferred Outflows of Resources
Change in Assumptions
Deferred Inflows of Resources
Difference Between Expected and Actual Experience
Net Difference Between Projected and
Actual Investment Earnings on Pension
Plan Investments
Total Deferred Inflows of Resources
(2,300) (256)
(5,367) (256)
(1,278) (1,789) (9,712) (14,824)
(511) (767) (29,648) (256) (511) (13,035) (4,856) (256) (511) (1,789) (256) (256) (256) (2,045) (1,022) (14,824) (511) (511) (256) (6,134) (8,435) (511) (3,067) (5,879) (5,367) (4,345) (2,812) (1,534) (74,632) (10,990) (1,789) (1,022) (6,645) (44,983) (256) (1,534) (1,022) (4,345) (4,089) (767) (511) (8,435)
Total Employer Pension Expense
87,871 9,763 205,033 9,763 48,817 68,344 371,013 566,283 19,527 29,290 1,132,565 9,763 19,527 497,939 185,506 9,763 19,527 68,344 9,763 9,763 9,763 78,108 39,054 566,283 19,527 19,527 9,763 234,324 322,196 19,527 117,162 224,560 205,033 165,979 107,398 58,581 2,850,938 419,831 68,344 39,054 253,851 1,718,374 9,763 58,581 39,054 165,979 156,216 29,290 19,527 322,196
22
Employer
State of Georgia - Nonemployer Contributing Entity State's Proportionate Share Associated with: Dougherty Judicial Circuit Douglas County District Attorney's Office Douglas County Sheriff Douglas Judicial Circuit Douglas Police Department Douglasville Police Department Dublin Police Department Duluth Police Department Dunwoody Police Department Early County Department of Public Safety East Ellijay Police Department East Georgia College East Point Police Department Eastern Judicial Circuit Eastman Police Department Eatonton Police Department Echols County Sheriff Edison Police Department Effingham County Correctional Institute Effingham County Prison Effingham County Sheriff Elbert County Sheriff Elberton Police Department Ellaville Police Department Ellijay Police Department Emanuel County Sheriff Emerson Police Department Enotah Judicial Circuit Eton Police Department Euharlee Police Department Evans County Sheriff Fairburn Police Department Fairmount Police Department Fannin County Sheriff Fayette County Solicitor's Fayette County Marshal Fayette County Sheriff Fayetteville Police Department Fitzgerald Police Department Flowery Branch Police Department Floyd County Public Works Floyd County District Attorney Floyd County Police Department Floyd County Prison Floyd County Sheriff Forest Park Police Department Forsyth County District Attorney Forsyth County Sheriff Forsyth Police Department Fort Valley Police Department
PEACE OFFICERS' ANNUITY AND BENEFIT FUND OF GEORGIA (A Component Unit of the State of Georgia)
Schedule of Pension Amounts by Employer and Nonemployer
Net Pension Liability
For the year ended June 30, 2021
Deferred Outflows of Resources
Change in Assumptions
Difference Between Expected and Actual Experience
Total Deferred Outflows of Resources
Change in Assumptions
Deferred Inflows of Resources
Difference Between Expected and Actual Experience
Net Difference Between Projected and
Actual Investment Earnings on Pension
Plan Investments
Total Deferred Inflows of Resources
(1,022) (256)
(22,235) (767)
(3,067) (13,802) (3,323) (4,856) (10,224) (1,022) (1,789)
(511) (8,690)
(511) (1,022)
(767) (256) (767) (767) (256) (4,601) (1,278) (2,556) (1,278) (2,812) (1,789) (1,789) (256) (767) (767) (1,789) (3,323) (511) (4,601) (256) (767) (16,357) (11,246) (2,300) (2,556) (1,022) (256) (10,735) (8,946) (9,457) (6,390) (1,534) (47,795) (767) (4,089)
Total Employer Pension Expense
39,054 9,763 849,424 29,290 117,162 527,229 126,925 185,506 390,540 39,054 68,344 19,527 331,959 19,527 39,054 29,290 9,763 29,290 29,290 9,763 175,743 48,817 97,635 48,817 107,398 68,344 68,344 9,763 29,290 29,290 68,344 126,925 19,527 175,743 9,763 29,290 624,864 429,594 87,871 97,635 39,054 9,763 410,067 341,723 361,250 244,087 58,581 1,825,772 29,290 156,216
23
Employer
State of Georgia - Nonemployer Contributing Entity State's Proportionate Share Associated with: Fort Valley State University Franklin County Probation Franklin County Sheriff Franklin Police Department Fort Oglethorpe Police Department Fulton County District Attorney Fulton County Board of Education Fulton County Marshal's Office Fulton County Police Department Fulton County Sheriff Fulton County Solicitor Gainesville Code Enforcement Gainesville Police Department Garden City Police Department Georgia Bureau of Investigation Georgia College & State University Georgia Department of Corrections Georgia Department of Community Super Georgia Dot Investigations Office Georgia Emergency Mgt. Agency Georgia Ins. Fraud Inv. Unit Georgia Northwestern Tech Coll Georgia P.O.ST Police Force Georgia P.O.S.T. Council Police Georgia Pardons & Paroles Board Georgia Piedmont Tech College Georgia Public Safety Training Center Georgia Secretary of State Georgia Southwestern State University Georgia Tech Police Department Georgia Agricultural Exposition Authority Georgia Forestry Commission Georgia Building Authority Georgia Department of Revenue Georgia Gwinnett College Georgia Medical Board Georgia Perimeter College Georgia Ports Authority Georgia Southern University Georgia State Fire Marshal Georgia State Patrol Georgia State University Georgia Regents University Gilmer County Sheriff Glascock County Sheriff Glennville Police Department Glynn County Board of Education Glynn County Police Department Glynn County Arson Unit Glynn County Sheriff
PEACE OFFICERS' ANNUITY AND BENEFIT FUND OF GEORGIA (A Component Unit of the State of Georgia)
Schedule of Pension Amounts by Employer and Nonemployer
Net Pension Liability
For the year ended June 30, 2021
Deferred Outflows of Resources
Change in Assumptions
Difference Between Expected and Actual Experience
Total Deferred Outflows of Resources
Change in Assumptions
Deferred Inflows of Resources
Difference Between Expected and Actual Experience
Net Difference Between Projected and
Actual Investment Earnings on Pension
Plan Investments
Total Deferred Inflows of Resources
(511) (767) (3,323) (2,045) (2,556) (3,067) (8,435) (3,067) (2,556) (17,379) (767) (767) (15,590) (6,901) (56,740) (2,300) (152,330) (32,204) (511) (256) (2,045) (256) (256) (2,300) (28,114) (256) (4,856) (2,812) (511) (6,645) (256) (511) (256) (6,645) (2,300) (767) (1,022) (9,712) (2,812) (511) (146,453) (5,112) (256) (14,569) (1,022) (256) (1,789) (2,556) (511) (3,067)
Total Employer Pension Expense
19,527 29,290 126,925 78,108 97,635 117,162 322,196 117,162 97,635 663,918 29,290 29,290 595,573 263,614 2,167,494 87,871 5,819,037 1,230,200 19,527 9,763 78,108 9,763 9,763 87,871 1,073,984 9,763 185,506 107,398 19,527 253,851 9,763 19,527 9,763 253,851 87,871 29,290 39,054 371,013 107,398 19,527 5,594,477 195,270 9,763 556,520 39,054 9,763 68,344 97,635 19,527 117,162
24
Employer
State of Georgia - Nonemployer Contributing Entity State's Proportionate Share Associated with: Gordon County Sheriff Gordon Police Department Gordon State College Grady County Sheriff Grantville Police Department Gray Police Department Greene County Sheriff Greensboro Police Department Greenville Police Department Griffin Judicial Circuit Griffin Police Department Grovetown Police Department Guyton Police Department Gwinnett County Correctional Institute Gwinnett County Police Department Gwinnett County Board of Education Gwinnett County District Attorney's Office Gwinnett County Sheriff Gwinnett County Solicitor Gwinnett Judicial Circuit Gwinnett Technical College Habersham County Sheriff Hahira Police Department Hall County Correctional Institute Hall County Enforcement Division Hall County District Attorney Hall County Marshal Hall County Probation Serv Hall County Public Works Hall County Sheriff Hampton Police Department Hapeville Police Department Haralson County Sheriff Harlem Police Department Harris County Correctional Institute Harris County Sheriff Hart County Sheriff Hartwell Police Department Hazlehurst Police Department Heard County Sheriff Helen Police Department Helena Police Department Henry County District Attorney Henry County Police Department Henry County Sheriff Henry County Solicitor Hephzibah Police Department Hiawassee Police Department Hinesville Police Department Hiram Police Department
PEACE OFFICERS' ANNUITY AND BENEFIT FUND OF GEORGIA (A Component Unit of the State of Georgia)
Schedule of Pension Amounts by Employer and Nonemployer
Net Pension Liability
For the year ended June 30, 2021
Deferred Outflows of Resources
Change in Assumptions
Difference Between Expected and Actual Experience
Total Deferred Outflows of Resources
Change in Assumptions
Deferred Inflows of Resources
Difference Between Expected and Actual Experience
Net Difference Between Projected and
Actual Investment Earnings on Pension
Plan Investments
Total Deferred Inflows of Resources
(10,990) (1,022) (2,045) (1,022)
(511) (3,067) (2,812) (1,278)
(256) (767) (6,134) (6,390) (256) (7,923) (85,622) (17,635) (1,278) (37,060) (767) (3,834) (511) (4,089) (767) (5,112) (256) (256) (511) (511) (767) (60,319) (2,300) (3,067) (2,556) (256) (511) (7,412) (3,834) (3,323) (1,278) (1,278) (1,534) (511) (511) (21,213) (14,824) (511) (1,278) (511) (8,179) (1,278)
Total Employer Pension Expense
419,831 39,054 78,108 39,054 19,527 117,162 107,398 48,817 9,763 29,290 234,324 244,087 9,763 302,669 3,270,768 673,681 48,817 1,415,706 29,290 146,452 19,527 156,216 29,290 195,270 9,763 9,763 19,527 19,527 29,290 2,304,183 87,871 117,162 97,635 9,763 19,527 283,142 146,452 126,925 48,817 48,817 58,581 19,527 19,527 810,370 566,283 19,527 48,817 19,527 312,432 48,817
25
Employer
State of Georgia - Nonemployer Contributing Entity State's Proportionate Share Associated with: Hoboken Police Department Hogansville Police Department Holly Springs Police Department Homerville Police Department Houston County Sheriff Irwin County Sheriff Jackson County Correctional Institute Jackson County Sheriff Jackson Police Department Jasper County Sheriff Jasper Police Department Jeff Davis County Sheriff Jefferson County Correctional Institute Jefferson County Sheriff Jefferson Police Department Jeffersonville Police Department Jenkins County Sheriff Jesup Police Department Johns Creek Police Department Johnson County Sheriff Jones County Sheriff Jonesboro Police Department Kennesaw Police Department Kennesaw State University Kingsland Police Department Lafayette Police Department Lagrange Police Department Lake City Police Department Lakeland Police Department Lamar County Sheriff Lanier Tech College Police Department Lanier Technical College Laurens County Sheriff Lavonia Police Department Lawrenceville Police Department Lee County Marshals Office Lee County Sheriff Leesburg Police Department Lenox Police Department Leslie Police Department Liberty County Sheriff Lilburn Police Department Lincoln County Sheriff Lincolnton Police Department Lithonia Police Department Locust Grove Police Department Loganville Police Department Long County Sheriff Lookout Mountain Police Lookout Mtn. Judicial Circuit
PEACE OFFICERS' ANNUITY AND BENEFIT FUND OF GEORGIA (A Component Unit of the State of Georgia)
Schedule of Pension Amounts by Employer and Nonemployer
Net Pension Liability
For the year ended June 30, 2021
Deferred Outflows of Resources
Change in Assumptions
Difference Between Expected and Actual Experience
Total Deferred Outflows of Resources
Change in Assumptions
Deferred Inflows of Resources
Difference Between Expected and Actual Experience
Net Difference Between Projected and
Actual Investment Earnings on Pension
Plan Investments
Total Deferred Inflows of Resources
(256) (1,022) (6,134)
(256) (29,903) (1,022) (2,300) (8,690) (2,812) (2,812) (3,323) (1,789)
(511) (2,045) (1,278)
(256) (256) (7,668) (8,690) (767) (9,457) (511) (9,712) (7,157) (1,534) (3,323) (19,168) (4,089) (256) (3,578) (256) (767) (15,846) (3,834) (10,990) (256) (3,578) (3,067) (767) (256) (7,412) (3,323) (256) (511) (511) (1,278) (5,367) (3,067) (511) (511)
Total Employer Pension Expense
9,763 39,054 234,324 9,763 1,142,328 39,054 87,871 331,959 107,398 107,398 126,925 68,344 19,527 78,108 48,817 9,763 9,763 292,905 331,959 29,290 361,250 19,527 371,013 273,378 58,581 126,925 732,262 156,216 9,763 136,689 9,763 29,290 605,337 146,452 419,831 9,763 136,689 117,162 29,290 9,763 283,142 126,925 9,763 19,527 19,527 48,817 205,033 117,162 19,527 19,527
26
Employer
State of Georgia - Nonemployer Contributing Entity State's Proportionate Share Associated with: Louisville Police Department Lowndes County Sheriff Ludowici Police Department Lumpkin County Sheriff Lyons Police Department Macon County Sheriff Macon Judicial Circuit Macon Police Department Madison County Sheriff Madison Police Department Manchester Police Department Marietta Police Department Marion County Sheriff Marta Police Department McCaysville Police Department McDonough Police Department McDuffie County Schools Police Department McDuffie County Sheriff McIntosh County Sheriff McIntyre Police Department Mcrae-Helena Police Department Meriwether County Sheriff Metter Police Department Middle Ga State University Milledgeville Police Department Millen Police Department Miller County Sheriff Milton Police Department Mitchell County Correctional Institute Mitchell County Sheriff Molena Police Department Monroe County Sheriff Monroe Police Department Montezuma Police Department Montgomery County Sheriff Morgan County Sheriff Morrow Police Department Moultrie Police Department Mount Airy Police Department Mount Vernon Police Department Mount Zion Police Department Mountain City Police Department Mountain Judicial Circuit Murray County Marshal's Office Murray County Sheriff Muscogee County Correctional Institute Muscogee County Marshal's Office Muscogee County Sheriff Nahunta Police Department Nashville Marshal's Office
PEACE OFFICERS' ANNUITY AND BENEFIT FUND OF GEORGIA (A Component Unit of the State of Georgia)
Schedule of Pension Amounts by Employer and Nonemployer
Net Pension Liability
For the year ended June 30, 2021
Deferred Outflows of Resources
Change in Assumptions
Difference Between Expected and Actual Experience
Total Deferred Outflows of Resources
Change in Assumptions
Deferred Inflows of Resources
Difference Between Expected and Actual Experience
Net Difference Between Projected and
Actual Investment Earnings on Pension
Plan Investments
Total Deferred Inflows of Resources
(1,022) (8,179)
(256) (4,345) (1,534)
(256) (511) (8,946) (4,345) (1,278) (1,789) (20,446) (511) (17,890) (511) (5,367) (256) (2,045) (2,300) (1,022) (1,278) (3,323) (1,278) (2,045) (2,045) (2,556) (256) (5,879) (256) (2,045) (256) (7,157) (10,735) (1,534) (1,022) (2,300) (6,390) (767) (256) (1,022) (767) (256) (256) (256) (8,946) (1,278) (1,022) (15,590) (256) (256)
Total Employer Pension Expense
39,054 312,432
9,763 165,979 58,581
9,763 19,527 341,723 165,979 48,817 68,344 781,080 19,527 683,445 19,527 205,033 9,763 78,108 87,871 39,054 48,817 126,925 48,817 78,108 78,108 97,635 9,763 224,560 9,763 78,108 9,763 273,378 410,067 58,581 39,054 87,871 244,087 29,290 9,763 39,054 29,290 9,763 9,763 9,763 341,723 48,817 39,054 595,573 9,763 9,763
27
Employer
State of Georgia - Nonemployer Contributing Entity State's Proportionate Share Associated with: Nashville Police Department Newnan Police Department Newton County Sheriff Department Newton County District Attorney Nicholls Police Department Norcross Police Department North Ga Technical College North Georgia College Northeastern Judicial Circuit Northern Judicial Circuit Oakwood Police Department Ocilla Police Department Oconee County Sheriff Oconee Judicial Circuit Ogeechee Judicial Circuit Ogeechee Tech College Police Department Oglethorpe County Sheriff Oglethorpe Police Department Oliver Police Department Omega Police Department Oxford Police Department Peace Officer's Annuity and Benefit Fund Palmetto Police Department Paulding County Marshal's Office Paulding County Sheriff Paulding Judicial Circuit Peach County Sheriff Peachtree City Police Department Pelham Police Department Pembroke Police Department Pendergrass Police Department Perry Police Department Pickens County Sheriff Office Pierce County Sheriff Pike County Sheriff's Office Pine Lake Police Department Pine Mountain Police Department Plains Police Department Polk County Police Department Polk County Sheriff Polk School District Police Pooler Police Department Port Wentworth Police Department Portal Police Department Powder Springs Police Department Prosecuting Attorney Council Pulaski County Sheriff Putnam County Sheriff Quitman County Sheriff Quitman Police Department
PEACE OFFICERS' ANNUITY AND BENEFIT FUND OF GEORGIA (A Component Unit of the State of Georgia)
Schedule of Pension Amounts by Employer and Nonemployer
Net Pension Liability
For the year ended June 30, 2021
Deferred Outflows of Resources
Change in Assumptions
Difference Between Expected and Actual Experience
Total Deferred Outflows of Resources
Change in Assumptions
Deferred Inflows of Resources
Difference Between Expected and Actual Experience
Net Difference Between Projected and
Actual Investment Earnings on Pension
Plan Investments
Total Deferred Inflows of Resources
(1,789) (8,690) (35,015)
(511) (767) (3,834) (511) (1,278) (1,278) (767) (2,045) (1,278) (14,313) (256) (256) (256) (767) (511) (256) (511) (511) (2,556) (3,067) (1,278) (43,450) (1,022) (1,534) (5,879) (256) (767) (256) (4,345) (3,834) (1,278) (7,412) (511) (256) (256) (2,300) (3,578) (767) (15,590) (2,045) (511) (6,390) (511) (1,534) (2,045) (767) (256)
Total Employer Pension Expense
68,344 331,959 1,337,598 19,527 29,290 146,452 19,527 48,817 48,817 29,290 78,108 48,817 546,756
9,763 9,763 9,763 29,290 19,527 9,763 19,527 19,527 97,635 117,162 48,817 1,659,793 39,054 58,581 224,560 9,763 29,290 9,763 165,979 146,452 48,817 283,142 19,527 9,763 9,763 87,871 136,689 29,290 595,573 78,108 19,527 244,087 19,527 58,581 78,108 29,290 9,763
28
Employer
State of Georgia - Nonemployer Contributing Entity State's Proportionate Share Associated with: Rabun County Marshal's Office Rabun County Sheriff Randolph County Sheriff Reidsville Police Department Remerton Police Department Reynolds Police Department Richland Police Department Richmond County Solicitor Richmond County Board of Education Richmond County Marshal's Office Richmond County Correctional Institute Richmond County Sheriff Richmond Hill Police Department Rincon Police Department Ringgold Police Department Riverdale Police Department Rockdale County District Attorney's Office Rockdale County Sheriff Rockmart Police Department Rome Fire Department Rome Judicial Circuit Rome Police Department Roosevelt Facility Police Rossville Police Department Roswell Police Department Royston Police Department Sandersville Police Department Sandy Springs Police Department Sardis Police Department Savannah Airport Commission Savannah Police Department Savannah State College Savannah Technical College Screven County Sheriff Screven Police Department Seminole County Sheriff Senoia Police Department Shiloh Police Department Sky Valley Police Department Smyrna Police Department Snellville Police Department Social Circle Police Department South Fulton Police Department South Georgia College Southern Crescent Technical Southern Judicial Circuit Southern Reg.Tech. College Southern Regional Tech Police Department Southwestern Judicial Circuit Spalding Correctional Institute
PEACE OFFICERS' ANNUITY AND BENEFIT FUND OF GEORGIA (A Component Unit of the State of Georgia)
Schedule of Pension Amounts by Employer and Nonemployer
Net Pension Liability
For the year ended June 30, 2021
Deferred Outflows of Resources
Change in Assumptions
Difference Between Expected and Actual Experience
Total Deferred Outflows of Resources
Change in Assumptions
Deferred Inflows of Resources
Difference Between Expected and Actual Experience
Net Difference Between Projected and
Actual Investment Earnings on Pension
Plan Investments
Total Deferred Inflows of Resources
(256) (2,045)
(256) (511) (256) (767) (511) (256) (2,045) (2,812) (1,022) (24,791) (5,879) (1,022) (511) (3,578) (511) (11,502) (1,022) (256) (767) (20,446) (511) (1,022) (12,780) (767) (511) (18,146) (767) (2,556) (113,993) (511) (256) (767) (511) (2,045) (3,067) (511) (511) (5,112) (9,968) (511) (7,412) (511) (767) (256) (256) (256) (511) (7,157)
Total Employer Pension Expense
9,763 78,108 9,763 19,527 9,763 29,290 19,527 9,763 78,108 107,398 39,054 947,059 224,560 39,054 19,527 136,689 19,527 439,358 39,054 9,763 29,290 781,080 19,527 39,054 488,175 29,290 19,527 693,208 29,290 97,635 4,354,514 19,527 9,763 29,290 19,527 78,108 117,162 19,527 19,527 195,270 380,777 19,527 283,142 19,527 29,290 9,763 9,763 9,763 19,527 273,378
29
Employer
State of Georgia - Nonemployer Contributing Entity State's Proportionate Share Associated with: Spalding County Sheriff Spalding County Parks & Recreation Sparta Police Department Springfield Police Department St Mary's Police Department Stapleton Police Department State Board of Pardons & Paroles State Board of Workers Comp Statesboro Police Department Statham Police Department Stephens County Sheriff Stewart County Sheriff Stone Mountain Park Stone Mountain Police Department Stone Mtn. Judicial Circuit Summerville Police Department Sumter County Correctional Institute Sumter County Sheriff Suwanee Police Department Swainsboro Police Department Swag Regional Airport Police Department Sylvania Police Department Sylvester Police Department Talbot County Sheriff Talbotton Police Department Taliaferro County Sheriff Tallapoosa Police Department Tattnall County Sheriff Taylor County School District Taylor County Sheriff Telfair County Sheriff Temple Police Department Tennille Police Department Terrell County Correctional Institute Terrell County Sheriff Thomas County Sheriff Thomaston Police Department Thomasville Police Department Thomson Police Department Thunderbolt Police Department Tift County Sheriff Tifton Judicial Circuit Tifton Police Department Toccoa Police Department Toombs County Sheriff Toomsboro Police Department Towns County Sheriff Trenton Police Department Treutlen County Sheriff Trion Police Department
PEACE OFFICERS' ANNUITY AND BENEFIT FUND OF GEORGIA (A Component Unit of the State of Georgia)
Schedule of Pension Amounts by Employer and Nonemployer
Net Pension Liability
For the year ended June 30, 2021
Deferred Outflows of Resources
Change in Assumptions
Difference Between Expected and Actual Experience
Total Deferred Outflows of Resources
Change in Assumptions
Deferred Inflows of Resources
Difference Between Expected and Actual Experience
Net Difference Between Projected and
Actual Investment Earnings on Pension
Plan Investments
Total Deferred Inflows of Resources
(7,923) (1,789)
(256) (511) (256) (256) (767) (256) (10,735) (767) (1,789) (256) (767) (1,534) (256) (1,278) (767) (2,556) (9,201) (1,022) (256) (767) (767) (511) (256) (2,556) (1,022) (3,323) (256) (1,278) (767) (256) (511) (256) (256) (4,089) (1,022) (14,058) (511) (1,534) (2,300) (1,022) (9,712) (3,323) (2,045) (256) (1,278) (1,278) (511) (256)
Total Employer Pension Expense
302,669 68,344 9,763 19,527 9,763 9,763 29,290 9,763 410,067 29,290 68,344 9,763 29,290 58,581 9,763 48,817 29,290 97,635 351,486 39,054 9,763 29,290 29,290 19,527 9,763 97,635 39,054 126,925 9,763 48,817 29,290 9,763 19,527 9,763 9,763 156,216 39,054 536,993 19,527 58,581 87,871 39,054 371,013 126,925 78,108 9,763 48,817 48,817 19,527 9,763
30
Employer
State of Georgia - Nonemployer Contributing Entity State's Proportionate Share Associated with: Troup County Sheriff Tunnel Hill Police Department Turner County Sheriff Twiggs County Sheriff Tybee Island Police Department Tyrone Police Department Ugo Police Department Union City Police Department Union County Schools Police Department Union County Sheriff Univ North Ga Gainesville University Of West Georgia Upson County Sheriff Valdosta Police Department Valdosta State University Vidalia Police Department Vienna Police Department Villa Rica Police Department Wadley Police Department Walker County Police Dept Walker County Sheriff Walthourville Police Dept Walton County Juvenile Court Walton County Sheriff Ware County Police Department Ware County Schools Police Department Ware County Sheriff Warm Springs Police Department Warner Robins Police Department Warren County Sheriff Warrenton Police Department Washington County Board of Education Washington County Sheriff Washington Police Department Watkinsville Police Department Waverly Hall Police Department Waycross Police Department Wayne County Sheriff Waynesboro Police Department Webster County Sheriff West Georgia Technical College West Point Police Department Western Judicial Circuit Whigham Police Department White County Sheriff White Police Department Whitesburg Police Department Whitfield County District Attorney's Office Whitfield County Sheriff Whitworth Women's Facility
PEACE OFFICERS' ANNUITY AND BENEFIT FUND OF GEORGIA (A Component Unit of the State of Georgia)
Schedule of Pension Amounts by Employer and Nonemployer
Net Pension Liability
For the year ended June 30, 2021
Deferred Outflows of Resources
Change in Assumptions
Difference Between Expected and Actual Experience
Total Deferred Outflows of Resources
Change in Assumptions
Deferred Inflows of Resources
Difference Between Expected and Actual Experience
Net Difference Between Projected and
Actual Investment Earnings on Pension
Plan Investments
Total Deferred Inflows of Resources
(6,390) (1,022) (1,278) (4,856) (4,601) (1,278) (7,668) (2,045) (1,022) (8,690) (1,789) (3,067) (4,856) (10,479) (1,534) (2,556)
(256) (3,323)
(256) (256) (4,089) (256) (511) (28,881) (256) (1,278) (2,556) (256) (13,035) (256) (256) (256) (511) (511) (256) (767) (4,856) (6,645) (2,812) (511) (511) (767) (767) (511) (10,735) (256) (511) (511) (13,035) (256)
Total Employer Pension Expense
244,087 39,054 48,817 185,506 175,743 48,817 292,905 78,108 39,054 331,959 68,344 117,162 185,506 400,304 58,581 97,635 9,763 126,925 9,763 9,763 156,216 9,763 19,527 1,103,275 9,763 48,817 97,635 9,763 497,939 9,763 9,763 9,763 19,527 19,527 9,763 29,290 185,506 253,851 107,398 19,527 19,527 29,290 29,290 19,527 410,067 9,763 19,527 19,527 497,939 9,763
31
Employer
State of Georgia - Nonemployer Contributing Entity State's Proportionate Share Associated with: Wilcox County Sheriff Wilkes County Sheriff Wilkinson County Sheriff Willacoochee Police Department Winder Police Department Woodstock Police Department World Congress Center Worth County Sheriff Wrens Police Department Wrightsville Police Department Zebulon Police Department
TOTAL STATE OF GEORGIA (Nonemployer Contributing Entity)
Each Employer of Plan Members - Employer Share
Total for All Entities
PEACE OFFICERS' ANNUITY AND BENEFIT FUND OF GEORGIA (A Component Unit of the State of Georgia)
Schedule of Pension Amounts by Employer and Nonemployer
Net Pension Liability
For the year ended June 30, 2021
Deferred Outflows of Resources
Change in Assumptions
Difference Between Expected and Actual Experience
Total Deferred Outflows of Resources
Change in Assumptions
Deferred Inflows of Resources
Difference Between Expected and Actual Experience
Net Difference Between Projected and
Actual Investment Earnings on Pension
Plan Investments
Total Deferred Inflows of Resources
Total Employer Pension Expense
(256) (1,789) (1,278)
(256) (4,345) (3,067)
(767) (1,278)
(256) (1,022) (1,022)
$
(3,404,478)
0
$
(3,404,478)
-
9,731,998
0
0
-
9,731,998
9,731,998
0 9,731,998
10,100,304
0 10,100,304
12,576,275
0 12,576,275
120,196,296
0 120,196,296
142,872,875
0 142,872,875
9,763 68,344 48,817 9,763 165,979 117,162 29,290 48,817 9,763 39,054 39,054
130,049,591
0
130,049,591
32
PEACE OFFICERS' ANNUITY AND BENEFIT FUND OF GEORGIA (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 Peace Officers' Annuity and Benefit Fund of Georgia (Fund) was created in 1950 by the General Assembly of Georgia to provide retirement benefits to peace officers. The 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.
Members of the Fund are employed by units of government throughout the state of Georgia. The employers of the Fund's members do not make contributions to the Fund. The State of Georgia provides nonemployer contributions to the Fund through the collection of court fines and forfeitures. These nonemployer contributions are recognized as revenue by the Fund when collected from the courts.
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 (asset) of the participating employers and nonemployers at June 30, 2021 were as follows:
Total pension liability Plan fiduciary net position
Net pension asset
$ 1,023,192,973 1,026,597,451
$ (3,404,478)
Plan fiduciary net position as a percentage of total pension liability
100.33%
33
PEACE OFFICERS' ANNUITY AND BENEFIT FUND OF GEORGIA (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
Actuarial Assumptions The collective total pension liability was determined by an actuarial valuation as of June 30, 2020, with update procedures used to roll forward the total pension liability to June 30, 2021. The roll forward calculation adds the normal cost (also called service costs), subtracts the actual benefit payments and refunds for the plan year, and then applies the discount rate for the year. This actuarial valuation used the following actuarial assumptions, applied to all periods included in the measurement:
Inflation Salary increases Investment rate of return
2.25% N/A 6.50%, net of pension plan investment expense, including inflation
Mortality rates were based on the PUB-2010 Mortality Table with generational mortality projection using the MP-2020 mortality improvement scale.
The actuarial assumptions used in the June 30, 2021 valuation were based on the results of an experience study covering the period June 30, 2015 through June 30, 2020.
The long-term expected rate of return on pension plan investments was calculated by the Fund's investment consultant as 6.5% using a building block method in which best-estimate ranges of expected future real rates of return (expected nominal returns, net of pension plan investment expense and the assumed rate of inflation) are developed for each major asset class. These ranges are combined to produce the long-term expected rate of return by weighting the expected ten-year geometric real rates of return by the target asset allocation percentage, and then adding expected inflation and the impact of rebalancing and diversification calculated by the Fund's investment consultant.
The Fund's administrator determined that 6.50% was a reasonable assumption for the long-term rate of return on plan assets based on the calculation by the Fund's investment consultant.
34
PEACE OFFICERS' ANNUITY AND BENEFIT FUND OF GEORGIA (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
The target asset allocation and best estimates of geometric real rates of return for each major asset class are summarized in the following table:
Asset Class Large Cap US Equity Small/Mid Cap US Equity Developed Non-US Equity Core US Fixed Income Short Duration Government Credit Core Real Estate Global Balanced Impact of Rebalancing and Diversification
Total
Target Allocation 39.00 % 22.00 10.00 19.00 2.00 2.00 6.00
100.00 %
10-Year expected geometric real rate of return*
4.75 % 5.00 4.75 0.50 0.45 4.00 3.71 0.41
*Rates shown are net of the 2.25% assumed rate of inflation
Discount Rate The discount rate used to measure the total pension liability was 6.50%, based on the expected long-term rate of return on pension investments of 6.50% and assuming an annual rate of inflation of 2.25%. The projection of cash flows used to determine the discount rate assumes revenues will remain level. Based on those assumptions, the pension plan'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 Fund, calculated using the discount rate of 6.50%, as well as what the Fund's net pension liability would be if it were calculated using a discount rate that is 1-percentage-point lower (5.50%) or 1-percentage-point higher (7.50%) than the current rate:
Collective net pension liability (asset)
1% Decrease (5.50%) $ 121,945,214
Current discount rate
(6.50%) (3,404,478)
1% Increase (7.50%) (107,808,210)
35
PEACE OFFICERS' ANNUITY AND BENEFIT FUND OF GEORGIA (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 4: Special Funding Situation The State of Georgia, although not the employer of the Fund's members, makes contributions to the Fund through the collection of court fines and forfeitures as specified by O.C.G.A. 47-17-60. The State makes all these contributions 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 Fund's members do not contribute directly to the 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.
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 units of government throughout the state that are the employers of the Fund's members do not make contributions to the Fund. Therefore, the proportionate share allocation for each employer is 0%. The proportionate share attributable to the State of Georgia, as the nonemployer entity, is therefore 100%. The amounts attributable to the State of Georgia, as the nonemployer contributing entity, have been allocated to each employer based on the number of Fund members employed as of June 30, 2020.
36
PEACE OFFICERS' ANNUITY AND BENEFIT FUND OF GEORGIA (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 Change in assumptions Difference between expected
and actual experience Total deferred outflows of resources Deferred inflows of resources Change in assumptions
Difference between expected and actual experience
Difference between projected and actual investment earnings
Net difference beween projected and actual earnings (1)
Total deferred inflows of resources
Year of deferral
2015
Beginning of year
Amortization
balance as
p eriod
previously reported
7 years $
2,225,721
2020
5.8 years
12,293,050
$
14,518,771
2017 2020 2021
2015 2017 2018 2019 2021
2017 2018 2019 2020 2021
6.1 years $ 5.8 years 5 years
7 years 6.1 years 6 years 5.7 years 5 years
5 years 5 years 5 years 5 years 5 years
$
11,340,667 2,604,982
603,826 2,277,258
175,131 11,434,822
6,799,520 4,139,398 (241,434) (21,726,608)
(11,029,124)
17,407,562
Current Year
Additions
Deductions 2,225,721
2,561,052
End of year balance -
9,731,998
-
4,786,773
9,731,998
2,622,096
3,652,927
168,228,136 168,228,136 174,503,159
5,400,318 542,704 524,419
603,826 1,084,408
58,377 3,090,493
730,585
6,799,520 2,069,699
(80,478) (5,431,652) 33,645,627
37,002,716
49,037,846
5,940,349 2,062,278 2,097,677
1,192,850
116,754 8,344,329 2,922,342
2,069,699 (160,956) (16,294,956) 134,582,509
120,196,296
142,872,875
(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.
37
PEACE OFFICERS' ANNUITY AND BENEFIT FUND OF GEORGIA (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
$ (39,073,448) (31,167,496) (29,613,974) (33,285,959)
Total
$ (133,140,877)
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 Projected earnings on plan investments Current period effect of benefit changes Member contributions Administrative expenses Other changes in Fiduciary Net Position Recognition (amoritization of deferred inflows and outflows of resources)
Changes in assumptions Differences between expected and actual experience Differences between projected and actual investment earnings
$ 15,254,714 54,286,137 (53,063,560)
161,335,075 (4,797,962) 1,558,340 (272,080)
(4,241,720) (3,006,637) (37,002,716)
Collective pension expense
$ 130,049,591
38