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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 />2. City of Paris Retiree Health Care Plan (Continued) <br />Changes in the OPEB Liability <br />Balance at 12/31/2020 <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 12/31/2021 <br />Increase <br />(Decrease) <br />Total OPEB <br />Liability <br />$ 1,711,750 <br />46,370 <br />34,083 <br />1,923,344 <br />(250,340) <br />91,261 <br />(61,564) <br />1,783,154 <br />$ 3,494,904 <br />The following presents the total Plan OPEB liability of the City, calculated using the discount rate of 1.84%, 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 1 -percentage -point lower (0.84%) or 1 -percentage -point higher (2.84%) than the current rate: <br />1% Decrease in <br />1% Increase in <br />Discount Rate <br />Discount Rate Discount Rate <br />0.84% <br />1.84% 2.84% <br />Net OPEB Liability $3,687,281 <br />$3,494,904 $3,307,252 <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 $3,251,140 <br />62 <br />Current Healthcare <br />Cost Trend Rate <br />Assumption <br />$3,494,904 <br />1% Increase <br />$3,761,770 <br />