GEORGIA PORTS AUTHORITY REQUIRED SUPPLEMENTARY INFORMATION SUPPLEMENTAL RETIREMENT PLAN SCHEDULE OF CHANGES IN THE AUTHORITY’S TOTAL PENSION LIABILITY AND RELATED RATIOS FOR THE FISCAL YEARS ENDED JUNE 30, (In Thousands) 2020 Total pension liability Service cost Interest on total pension liability Economic/demographic gains or losses Changes in assumptions and/or cost method Benefit payments Net change in total pension liability Total pension liability - beginning Total pension liability - ending Covered payroll Total pension liability as a percentage of covered payroll $ $ $ 311 1,668 428 2,972 (2,115) 3,264 42,560 45,824 537 8533.3% Notes to the Schedule: The schedule will present 10 years of information once it is accumulated. $ $ $ 2019 285 1,561 1,711 (519) (2,066) 972 41,588 42,560 629 6766.3% $ $ $ 2018 192 1,296 8,210 (4,195) (2,003) 3,500 38,088 41,588 607 6851.4% $ $ $ 2017 644 1,266 (194) 4,661 (1,451) 4,926 33,162 38,088 1,128 3376.6% $ $ $ 2016 504 1,324 - 1,802 (1,510) 2,120 31,042 33,162 1,027 3229.0% 56
