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OTHER POST-EMPLOYMENT BENEFITS PLAN <br /> 2025 CHANGES IN ACTUARIAL ASSUMPTIONS <br /> • The discount rate was changed from 3.70 percent to 4.20 percent. <br /> 2024 CHANGES IN ACTUARIAL ASSUMPTIONS <br /> • The healthcare trend rates were changed to better anticipate short-term and long-term medical <br /> increases. <br /> • The discount rate was changed from 4.00 percent to 3.70 percent. <br /> 2023 CHANGES IN ACTUARIAL ASSUMPTIONS <br /> • The discount rate was changed from 2.00 percent to 4.00 percent. <br /> • The inflation rate was changed from 2.00 percent to 2.50 percent. <br /> 2022 CHANGES <br /> • The City's obligation for other post-employment benefits was immaterial prior to 2022, with <br /> their ability to utilize age adjusted premiums.The City was required to utilize community rated <br /> blended premiums in fiscal 2022,requiring the implementation of GASB Statement No. 75. <br /> -75- <br />