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CITY OF ST. ANTHONY, MINNESOTA <br />REQUIRED SUPPLEMENTARY INFORMATION <br />NOTES TO RSI <br />December 31, 2019 <br /> <br /> <br /> <br /> <br />2016 Changes <br />Changes in Actuarial Assumptions: <br />- The assumed post-retirement benefit increase rate was changed from 1.0% per year through 2037 and <br />2.5% thereafter to 1.0% per year for all future years. <br /> <br />- The assumed investment return was changed from 7.9% to 7.5%. The single discount rate changed <br />from 7.9% to 5.6%. <br /> <br />- The assumed future salary increases, payroll growth, and inflation were decreased by 0.25% to 3.25% <br />for payroll growth and 2.50% for inflation. <br /> <br />Single Employer – Fire Relief Association <br /> <br />2017 Changes <br />Changes in Actuarial Assumptions: <br />- The assumed investment return was changed from 6.00% to 5.75%. The single discount rate was <br />changed from 6.00% to 5.75%. <br /> <br />2016 Changes <br />Changes in Actuarial Assumptions: <br />- The assumed investment return was changed from 4.25% to 6.00%. The single discount rate changed <br />from 4.25% to 6.00%. <br /> <br />105