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NOTE 11—OTHER POST-EMPLOYMENT BENEFITS (OPEB)PLAN(CONTINUED) <br /> H. Total OPEB Liability Sensitivity to Discount and Healthcare Cost Trend Rate Changes <br /> The following presents the total OPEB liability of the City, as well as what the City's total OPEB liability <br /> would be if it were calculated using a discount rate that is 1 percentage point lower or 1 percentage point <br /> higher than the current discount rate: <br /> 1%Decrease in Current 1%Increase in <br /> Discount Rate Discount Rate Discount Rate <br /> OPEB discount rate 3.20% 4.20% 5.20% <br /> Total OPEB liability $ 1,622,617 $ 1,518,523 $ 1,423,004 <br /> The following presents the total OPEB liability of the City, as well as what the City's total OPEB liability <br /> would be if it were calculated using healthcare cost trend rates that are 1 percentage point lower or <br /> 1 percentage point higher than the current healthcare cost trend rates: <br /> 1%Decrease in Current 1%Increase in <br /> Healthcare Cost Healthcare Cost Healthcare Cost <br /> Trend Rate Trend Rate Trend Rate <br /> OPEB healthcare cost trend rate 5.25%grading to 4.00%over 6.25%grading to 5.00%over 7.25%grading to 6.00%over <br /> 5 years,then to 3.00% 5 years,then to 4.00% 5 years,then to 5.00% <br /> over the next 48 years over the next 48 years over the next 48 years <br /> Total OPEB liability $ 1,393,710 $ 1,518,523 $ 1,661,695 <br /> I. OPEB Expense and Related Deferred Outflows of Resources and Deferred Inflows of Resources <br /> For the current year ended, the City recognized OPEB expense of $189,053. As of year-end, the City <br /> reported deferred outflows of resources and deferred inflows of resources related to OPEB from the <br /> following sources: <br /> Deferred Deferred <br /> Outflows Inflows <br /> of Resources of Resources <br /> Differences between expected and actual economic experience $ 701,036 $ — <br /> Changes in actuarial assumptions 45,466 132,098 <br /> Employer contributions subsequent to the measurement date 134,545 — <br /> Total $ 881,047 $ 132,098 <br /> A total of $134,545 reported as deferred outflows of resources related to OPEB resulting from city <br /> contributions subsequent to the measurement date will be recognized as a reduction of the total OPEB <br /> liability in the year ending December 31, 2026. Other amounts reported as deferred outflows and inflows <br /> of resources related to the plan will be recognized in pension expense as follows: <br /> Pension <br /> Year Ending Expense <br /> December 31, Amount <br /> 2026 $ 91,511 <br /> 2027 $ 91,511 <br /> 2028 $ 91,511 <br /> 2029 $ 91,511 <br /> 2030 $ 91,511 <br /> Thereafter $ 156,849 <br /> -62- <br />