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CITY OF PARIS, TEXAS <br />Notes to Financial Statements (Continued) <br />September 30, 2020 <br />IV. Detailed Notes on All Activities and Funds (Continued) <br />G. Other Post Employment Benefit (OPEB) Obligations (Continued) <br />2. City of Paris Retiree Health Care Plan (Continued) <br />Changes in the OPEB Liability <br />Balance at 12/31/2018 <br />Changes for the year: <br />Service Cost <br />Interest <br />Change of Benefit Terms <br />Difference Between Expected and Actual Experience <br />Changes of Assumptions <br />Contributions — Employer <br />Contributions — Employees <br />Net Investment Income <br />Benefit Payments, Including Refunds of Employee Contributions <br />Administrative Expense <br />Other Changes <br />Net Changes <br />Balance at 12/31/19 <br />Increase <br />(Decrease) <br />Total OPEB <br />Liability <br />$ 1,654,600 <br />34,501 <br />60,652 <br />(174,952) <br />120,032 <br />(74,044) <br />(33,811) <br />$ 1,620,789 <br />The following presents the total Plan OPEB liability of the City, calculated using the discount rate of 2.75%, as <br />well as what the City's total Plan OPEB liability (asset) would be if it were calculated using a discount rate that <br />is I -percentage -point lower (1.75%) or 1 -percentage -point higher (3.75%) than the current rate: <br />1% Decrease in 1% Increase in <br />Discount Rate Discount Rate Discount Rate <br />1.75% 2.75% 3.75% <br />Net OPEB Liability $1,717,067 $1,620,789 $1,527,526 <br />The following presents the Plan's total OPEB liability, calculated using the assumed trend rates as well as what <br />the Plan's total OPEB liability would be if it were calculated using a trend rate that is one percent lower or one <br />percent higher: <br />1% Decrease <br />Net OPEB Liability $1,497,702 <br />Mi <br />Current Healthcare <br />Cost Trend Rate <br />Assumption <br />$1,620,789 <br />1% Increase <br />$1,757,028 <br />