Laserfiche WebLink
CITY OF PARIS, TEXAS <br />Notes to Financial Statements (Continued) <br />September 30, 2022 <br />IV. Detailed Notes on All Activities and Funds (Continued) <br />G. Other Post Employment Benefit (OPEB) Obligations (Continued) <br />1. Supplemental Death Benefits Fund (Continued) <br />Changes in the OPEB Liability <br />Balance at 12/31/20 <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 12/31/21 <br />Increase <br />(Decrease) <br />Total OPEB <br />Liability <br />$ 1,385,480 <br />64,802 <br />28,046 <br />(28,573) <br />44,084 <br />77,204 <br />$ 1,462,684 <br />The following presents the total SDBF OPEB liability of the City, calculated using the discount rate of 1.84%, <br />as well as what the City's total SDBF OPEB liability (asset) would be if it were calculated using a discount rate <br />that is 1 -percentage -point lower (0.84%) or 1 -percentage -point higher (2.84%) than the current rate: <br />1% Decrease in <br />Discount Rate <br />0.84% <br />Net Pension Liability $1,785,403 <br />Supplemental Death Benefits Fund Net Position <br />1% Increase in <br />Discount Rate Discount Rate <br />1.84% 2.84% <br />$1,462,684 $1,215,109 <br />Detailed information about the plan's net position is available in a separately -issued TMRS financial report. That <br />report may be obtained on the Internet at www.imrs.com. <br />59 <br />