Comprehensive Annual Financial Report - Fiscal Year ended 6/30/2017

2017 2016 2015 2014 Raleigh's proportion of the net pension liability (asset) (%) 3.82340% 3.75642% 3.72410% 3.72410% Raleigh's proportion of the net pension liability (asset) ($) 81,145,356 $ 16,858,648 $ (21,863,612) $ 44,889,706 $ Raleigh's covered-employee payroll 230,212,405 $ 210,212,491 $ 202,649,654 $ 194,516,160 $ Raleigh's proportionate share of the net pension liability (asset) as a percentage of its covered-employee payroll 35.25% 8.02% ( 10.79%) 23.08% Plan fiduciary net position as a percentage of the total pension liability** 91.47% 98.09% 102.64% 94.35% * The amounts presented for each fiscal year were determined as of the prior fiscal year ending June 30. ** This will be the same percentage for all participant employers in the LGERS plan. City of Raleigh's Proportionate Share of Net Pension Liability (Asset) Required Supplementary Information Last Four Fiscal Years * Local Government Employees' Retirement System City of Raleigh _____________________________________________________________ Financial Section ____________________________________________________________ __________________________________________________________ 74 __________________________________________________________

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