2016_SUNY_Optometry_PRR

2 0 1 5 A N N U A L F I N A N C I A L R E P O R T

Required Supplementary Information (Unaudited) Schedule of Changes in the Net Pension Liability and Related Ratios for the Upstate Plan (Amounts in millions)

December 31, 2014

Total pension liability: Service cost $ .9 Interest 6.0 Changes of assumptions 7.6 Benefit payments (3.8) Net change in total pension liability 10.7 Total pension liability, beginning 94.0 Total pension liability, ending (a) 104.7 Plan fiduciary net position: Employer contributions 3.0 Net investment income 6.5 Benefit payments (3.8) Administrative expenses (.2) Net change in fiduciary net position 5.5 Fiduciary net position, beginning 90.6 Fiduciary net position, ending (b) 96.1 Net pension liability, ending (a) - (b) $ 8.6 Ratio of fiduciary net position to total pension liability 91.8% Covered-employee payroll 33.6 Net pension liability as a percentage of covered-employee payroll 25.5%

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Schedule is intended to show information for 10 years. Additional years will be displayed as they become available.

See accompanying independent auditors’ report.