Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Page 35 Page 36 Page 37 Page 38 Page 39 Page 40 Page 41 Page 42 Page 43 Page 44 Page 45 Page 46 Page 47 Page 48 Page 49 Page 50 Page 51 Page 52 Page 53 Page 54 Page 55 Page 56 Page 57 Page 58 Page 59 Page 60 Page 61 Page 62 Page 63 Page 64 Page 65 Page 66 Page 67 Page 68 Page 69 Page 70 Page 71 Page 72 Page 73 Page 74 Page 75 Page 76 Page 77 Page 78 Page 79 Page 80 Page 81 Page 82 Page 83 Page 84 Page 85 Page 86 Page 87 Page 88 Page 89 Page 90Seattle City Light 2015 Annual Report 69 THE CITY OF SEATTLE—CITY LIGHT DEPARTMENT REQUIRED SUPPLEMENTARY INFORMATION (UNAUDITED) - 69 - DEFINED BENEFIT PENSION PLAN The Department’s schedule of the employer’s proportionate share of the net pension liability for the year ending December 31 (dollar amounts in millions): 2015 Employer’s proportion of the net pension liability 24.53% Employer’s proportionate share of the net pension liability $271.8 Employer’s covered-employee payroll $152.3 Employer’s proportionate share of net pension liability as a percentage of its covered-employee payroll 178.48% Plan fiduciary net position as a percentage of the total pension liability 67.70% Notes: The amounts presented have a measurement date of December 31, 2014 This schedule is intended to show information for 10 years. Since 2015 is the first year for this presentation, no other data is available. However, additional years will be included as they become available. The Department’s proportionate schedule of employer’s contributions (dollar amounts in millions): 2015 Contractually required contribution $ 24.9 Contributions in relation to contractually required contribution 24.9 Contribution deficiency (excess) $ - Covered-employee payroll $165.0 Contributions as a percentage of covered-employee payroll 15.09% Note: This schedule is intended to show information for 10 years. Since 2015 is the first year for this presentation, no other data is available. However, additional years will be included as they become available.