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!jW_1 Required Supplementary Information For the fiscal year end.eld- June 30, 2020 Schedule of Changes in the Net Pension Liability and Related Ratio, Retirement Enhancement Plan — Last 10 years* Measurement period 2019 2018 Total pension liability Service cost $ 74,003 $ Interest on total pension liability 181,199 - Changes of benefit terms - 5,019,718 Changes of assumptions (915,222) - Difference between expected and actual experience (104,240) Benefit payments, including refunds of employee contributions (831,066) - Net change in total pension liability (1,595,326) 5,019,718 Total pension liability, beginning 5,019,718 - Total pension liability, ending 3,424,392 5,019,718 Plan fiduciary net position Contributions -employer 4,000,000 - Contributions - employee - - Net investment income 222,780 - Benefit Payments, including refunds of employee contributions (8317066) - Net plan to plan resource movement - - Administrative expense (42,311) - Other miscellaneous income - - Net change in fiduciary net position 3,349,403 - Plan fiduciary net position, beginning - - Plan fiduciary net position, ending 3,349,403 - Plan net pension liability $ 74,989 $ 5,019,718 Plan fiduciary net position as a percentage of the total pension liability 97.81% 0.00% Covered payroll $ 3,405,833 N/A Plan net pension liability as a percentage of covered payroll 2.20% N/A Notes to Schedule: Changes in Benefit Terms: None Changes in Assumptions: The mortality, withdrawal, and retirement tables was updated to reflect the 2017 CalPERS studies. The discount rate was changed to 6.25% to reflect the long-term rate of return on assets. There have been no other assumption changes since the last measurement date. *The District adopted the plan on June 13, 2018. Additional years will be presented as information becomes available. See notes to the required supplementary information. 74