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• City of La Porte
<br />Schedule of Pension Contribution
<br />TMRS Page 2
<br />COLP Employee's Total
<br />-Estimate .•`' �tiiour `updated`credlts��� �•:;.;§�
<br />Fiscal Year 2003 Gross Earnings Contribution Rate Contribution Rate Contribution Amount
<br />Oct-02
<br />1,071,370.90
<br />11.51 %
<br />7.00%
<br />198,310.75
<br />Nov-02
<br />1,655,747.50
<br />11.51 %
<br />7.00%
<br />306,478.86
<br />Dec-02
<br />1,075,391.28
<br />11.51 %
<br />7.00%
<br />199,054.93
<br />Jan-03
<br />1,139,863.22
<br />11.41 %
<br />7.00%
<br />209,848.82
<br />Feb-03
<br />1,111,299.58
<br />11.41 %
<br />7.00%
<br />204,590.25
<br />Mar-03
<br />1,072,766.66
<br />11.41 %
<br />7.00%
<br />197,496.34
<br />Apr-03
<br />1,174,744.63
<br />11.41 %
<br />7.00%
<br />216,270.49
<br />May-03
<br />1,639,988.73
<br />11.41 %
<br />7.00%
<br />301,921.93
<br />Jun-03
<br />1,119,765.40
<br />11.41 %
<br />7.00%
<br />206,148.81
<br />Jul-03
<br />1,108,521.10
<br />11.41 %
<br />7.00%
<br />204,078.73
<br />Aug-03
<br />1,099,650.08
<br />11.41 %
<br />7.00%
<br />202,445.58
<br />Sep-03
<br />1,115,103.86
<br />11.41 %
<br />7.00%
<br />205,290.62
<br />Subtotal
<br />14,384,212.94
<br />2,651,936.11
<br />+5% Payroll Increase
<br />719,210.64
<br />132,596.81
<br />15,103,423.58
<br />2,784,532.92
<br />Adopting this ordinance would increase the City's contribution by approximately $20,000.00
<br />Estimate with Updated Service Credits 2,804,532.33
<br />Estimate without Updated Service Credits 2,784,532.92
<br />Estimated difference 19,999.41
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