Other Required Supplementary Information

Schedule of University’s Proportionate Share of the Total Other Postemployment Benefits Liability
2018 (1) (3) 2017 (1) (2) 2016 (1)
University’s Proportion of the OPEB Liability 9.89% 9.89% 9.92%
University's Proportionate Share of the Total OPEB Liability $ 1,043,548,000 $ 1,069,104,000 $ 1,171,492,000
University’s Covered Payroll $ 1,151,732,866 $ 1,103,905,001 $ 1,120,515,686
University’s Proportionate Share of the Total OPEB Liability as a Percentage of Covered Payroll 90.61% 96.85% 104.55%
Notes:
(1) The amounts presented for the fiscal year were determined as of June 30. No assets are accumulated in a trust that meets the criteria in paragraph 4, GASB Statement No. 75 to pay related benefits.
(2) The University’s proportionate share of the total OPEB liability significantly decreased from the prior fiscal year due to changes to benefits and assumptions, resulting from adjustments to active mortality rates, updates to HMO and PPO healthcare claims costs, changes in retiree contributions, change in trend rates, and a change in the discount rate of return.
(3) The University’s proportionate share of the total OPEB liability significantly decreased from the prior fiscal year due to changes in the discount rate of return.
Schedule of University’s Proportionate Share of the Net Pension Liability - Florida Retirement System (FRS) Defined Benefit Pension Plan
2018 (1) (6) 2017 (1) (5) 2016 (1) (4) 2015 (1) (2) 2014 (1) (3) 2013 (1)
University’s Proportion of the FRS Net Pension Liability 1.62% 1.53% 1.56% 1.59% 1.52% 1.23%
University’s Proportionate Share of the FRS Net Pension Liability $ 487,417,535 $ 453,912,167 $ 393,639,963 $ 204,919,550 $ 92,657,576 $ 212,307,108
University's Covered Payroll (7) $ 1,151,732,866 $ 1,103,905,001 $ 1,120,515,686 $ 1,066,940,109 $ 1,024,891,028 $ 1,053,555,913
University’s Proportionate Share of the FRS Net
Pension Liability as a Percentage of Covered Payroll
42.32% 41.12% 35.13% 19.21% 9.04% 20.15%
FRS Plan Fiduciary Net Position as a Percentage
of the FRS Total Pension Liability
84.26% 83.89% 84.88% 92.00% 96.09% 88.54%

Notes:
(1) The amounts presented for each fiscal year were determined as of June 30.
(2) There were no changes in assumptions from the prior fiscal year.
(3) Changes of assumptions - As of June 30, 2014, the inflation rate assumption was decreased from 3.00% to 2.60%, the real payroll growth assumption was decreased from 1.00% to 0.65%, and the overall payroll growth rate assumption was decreased from 4.00% to 3.25%. The long-term expected rate of return decreased from 7.75% to 7.65%.
(4) Changes of assumptions - As of June 30, 2016, the long-term expected rate of return decreased from 7.65% to 7.60%.
(5) Change of assumptions - As of June 30, 2017, the long-term expected rate of return decreased from 7.60% to 7.10%.
(6) Change of assumptions - As of June 30, 2018, the long-term expected rate of return decreased from 7.10% to 7.00%.
(7) Covered payroll includes active employees who are members of the following plans: defined benefit, Investment Plan, State University Optional Retirement Program, and DROP because total employer contributions are determined on a uniform basis (blended rate) as required by Part III of Chapter 121, Florida Statutes.

Schedule of University Contributions - Florida Retirement System (FRS) Defined Benefit Pension Plan
2019 (1) 2018 (1) 2017 (1) 2016 (1) 2015 (1) 2014 (1)
Contractually Required FRS Contribution $ 50,296,368 $ 46,118,091 $ 39,948,341 $ 38,017,855 $ 38,680,557 $ 33,264,015
FRS Contribution in Relation to the Contractually Required FRS Contribution (50,296,368) (46,118,091) (39,948,341) (38,017,855) (38,680,557) (33,264,015)
Contribution Deficiency (Excess) $ - $ - $ - $ - $ - $ -
University's Covered Payroll (2) $ 1,188,019,133 $ 1,151,732,866 $ 1,103,905,001 $ 1,120,515,686 $ 1,066,940,109 $ 1,024,891,028
FRS Contributions as a Percentage
of Covered Payroll
4.23% 4.00% 3.62% 3.39% 3.63% 3.25%
Notes:
(1) The amounts presented for each fiscal year were determined as of June 30.
(2) Covered payroll includes active employees who are members of the following plans: defined benefit, Investment Plan, State University Optional Retirement Program, and DROP because total employer contributions are determined on a uniform basis (blended rate) as required by Part III of Chapter 121, Florida Statutes.
Schedule of University’s Proportionate Share of the Net Pension Liability - Health Insurance Subsidy (HIS) Defined Benefit Pension Plan
2018 (1) (6) 2017 (1) (5) 2016 (1) (4) 2015 (1) (3) 2014 (1) (2) 2013 (1)
University's Proportion of the HIS Net Pension Liability 1.48% 1.47% 1.47% 1.46% 1.41% 1.38%
University's Proportionate Share of the HIS Net Pension Liability $ 156,700,718 $ 157,259,112 $ 171,404,762 $ 148,825,945 $ 131,969,507 $ 120,063,826
University's Covered Payroll (7) $ 442,718,057 $ 431,629,539 $ 435,952,174 $ 413,619,247 $ 396,471,815 $ 382,427,384
University's Proportionate Share of the HIS Net Pension Liability
as a Percentage of Covered Payroll

35.40%

36.43%

39.32%

35.98%

33.29%

31.40%
HIS Plan Fiduciary Net Position as a Percentage of the HIS
Total Pension Liability
2.15% 1.64% 0.97% 0.50% 0.99% 1.78%

Notes:
(1) The amounts presented for each fiscal year were determined as of June 30.
(2) Change of assumption - The municipal rate used to determine total pension liability decreased from 4.63% to 4.29%.
(3) Change of assumption - The municipal rate used to determine total pension liability decreased from 4.29% to 3.80%.
(4) Change of assumption - The municipal rate used to determine total pension liability decreased from 3.80% to 2.85%.
(5) Change of assumption - The municipal rate used to determine total pension liability decreased from 2.85% to 3.58%.
(6) Change of assumption - The municipal rate used to determine total pension liability increased from 3.58% to 3.87%.
(7) Covered payroll includes active employees who are members of the following plans: defined benefit, Investment Plan, and DROP.

Schedule of University Contributions - Health Insurance Subsidy (HIS) Defined Benefit Pension Plan
2019 (1) 2018 (1) 2017 (1) 2016 (1) 2015 (1) 2014 (1)
Contractually Required HIS Contribution $ 8,250,927 $ 8,028,939 $ 7,783,620 $ 7,538,309 $ 5,578,364 $ 4,834,988
HIS Contributions in Relation to the Contractually Required HIS Contribution (8,250,927) (8,028,939) (7,783,620) (7,538,309) (5,578,364) (4,834,988)
Contribution Deficiency (Excess) $ - $ - $ - $ - $ - $ -
University's Covered Payroll (2) $ 452,884,926 $ 442,718,057 $ 431,629,539 $ 435,952,174 $ 413,619,247 $ 396,471,815
HIS Contributions as a Percentage of Covered Payroll 1.82% 1.81% 1.80% 1.73% 1.35% 1.22%
Notes:
(1) The amounts presented for each fiscal year were determined as of June 30.
(2) Covered payroll includes active employees who are members of the following plans: defined benefit, Investment Plan, and DROP.