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CITY OF HUGO, MINNESOTA <br />NOTES TO FINANCIAL STATEMENTS (CONTINUED) <br />4. Other Information (Continued) <br />C. Pension Plans (Continued) <br />Public Employees Retirement Association (PERA) - Defined Benefit (Continued) <br />F. Pension Liability Sensitivity <br />The following presents the City's proportionate share of the net pension liability for all plans it <br />participates in, calculated using the discount rate disclosed in the preceding paragraph, as <br />well as what the City's proportionate share of the net pension liability would be if it were <br />calculated using a discount rate 1 percentage point lower or 1 percentage point higher than <br />the current discount rate: <br />1% Decrease in 1 % Increase in <br />Discount Rate Discount Rate Discount Rate <br />(6.9%) (7.9%) (8.9%) <br />City's proportionate share of the <br />GERF net pension liability $ 1,996,447 $ 1,269,717 $ 669,550 <br />G. Pension Plan Fiduciary Net Position <br />Detailed information about each pension plan's fiduciary net position is available in a <br />separately -issued PERA financial report that includes financial statements and required <br />supplementary information. That report may be obtained on the Internet at www.mnpera.org; <br />by writing to PERA at 60 Empire Drive #200, St. Paul, Minnesota, 55103-2088; or by calling <br />(651) 296-7460 or 1-800-652-9026. <br />:l <br />