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The municipality of Betaville disclosed the following information about its pension plan. Assume (1) that an 80 percent funded ratio was considered the rule of

The municipality of Betaville disclosed the following information about its pension plan.

Assume (1) that an 80 percent funded ratio was considered the rule of thumb for adequate funding, (2) that holding 15 times net assets to benefits paid was the standard for benefits coverage, and (3) that the ratio of investments to benefits should always be over 1.0

2019 employees' retirement system 2018 employees' retirement system
Total pension liability
Service cost $3,001,134 $2,989,546
Interest 10,723,878 10,898,001
Change in assumptions - 5,350,510
Benefit payments and refunds (10,740,272) (9,240,901)
Net change in total pension liability $2,984,740 $9,998,156
Total pension liability - beginning 150,405,544 140,407,388
Total pension liability - ending $153,390,284 $150,405,544
Fiduciary net position:
Contributions: employer $4,401,710 $4,330,650
Net investment income (loss) 15,194,567 2,412,908
Benefit payments and refunds (10,740,272) (9,240,901)
Administrative expenses (101,456) (98,923)
Net change in fiduciary net position $8,754,549 $(2,596,266)
Fiduciary net position - beginning 136,363,265 138,959,531
Fiduciary net position - ending $145,117,814 $136,363,265

Calculate the funded ratio for 2018 (round to the nearest 100th of a percent (e.g. 0.01).

(Referring to the situation in the previous question) Calculate the funded ratio for 2019 (round to the nearest 100th of a percent).

(Referring to the situation in the previous question) Calculate the benefits coverage ratio for 2018 (round to the nearest 100th).

(Referring to the situation in the previous question) Calculate the benefits coverage ratio for 2019 (round to the nearest 100th).

(Referring to the situation in the previous question) Calculate the ratio of investment earnings to benefits for 2018 (round to the nearest 100th).

(Referring to the situation in the previous question) Calculate the ratio of investment earnings to benefits for 2019 (round to the nearest 100th).

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