NOTES TO FINANCIAL STATEMENTS (In Thousands) NOTE 7. PENSION BENEFIT PLANS (CONTINUED) Net Pension Liability. The Authority’s net pension liability for the years ended June 30, 2018 and 2017, are as follows: Total pension liability 2018 $ Plan net position Net pension liability (asset) Plan net position as a percentage of the total pension liability $ 261,465 $ 267,944 (6,479) $ 102.5% 2017 250,237 235,183 15,054 94.0% The Authority’s changes in the net pension liability (asset) by source for the fiscal year ended June 30, 2018, is reflected below: Total Pension Liability (a) Beginning Balance Changes for the year: Service cost Interest Experience changes Assumption changes Amortization of assumption changes Contributions — employer Contributions — employee Net investment income (loss) Benefit payments, including refunds of employee contributions Administrative expense Net changes Ending Balance $ $ 250,237 $ 4,497 19,958 (1,020) (3,549) - - - - (8,658) - 11,228 261,465 $ Plan Fiduciary Net Position (b) 235,183 $ - - - - - 12,824 798 28,503 (8,658) (706) 32,761 267,944 $ Net Pension Liability (Asset) (a) – (b) 15,054 4,497 19,958 (1,020) (3,549) - (12,824) (798) (28,503) - 706 (21,533) (6,479) 31
