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CITY OF PARIS, TEXAS <br />Notes to Financial Statements (Continued) <br />September 30, 2025 <br />IV. Detailed ..Notes wo..n.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 OPEBw Liability <br />1% Increase in <br />Increase <br />Discount Rate <br />(Decrease) ._......_. <br />3.08% <br />Total OPEB <br />5.08% <br />Liabili.( ...........,._...... <br />Balance at 12/31/2023 <br />$ 2,722,955 <br />Changes for the year: <br />Service Cost <br />58,993 <br />Interest <br />100,703 <br />Change of Benefit Terms <br />- <br />Difference Between Expected and Actual Experience <br />(3,716) <br />Changes of Assumptions <br />(41,956) <br />Contributions — Employer <br />- <br />Contributions — Employees <br />Net Investment Income <br />- <br />Benefit Payments, Including Refunds of Employee Contributions <br />(162,591) <br />Administrative Expense <br />- <br />Other Changes <br />- <br />Net Changes <br />67i <br />Balance at 12/31/2024 <br />$ 2674388 v <br />The following presents the total Plan OPEB liability of the City, calculated using the discount rate of 4.08%, 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 (3.08°/x) or 1 -percentage -point higher (5.08%) than the current rate: <br />1% Decrease in <br />1% Increase in <br />Discount Rate <br />Discount Rate <br />Discount Rate <br />3.08% <br />_ 4.08% _ <br />5.08% <br />Total OPEB Liability $2 812,115 <br />$2,674,388 <br />75 <br />$2,543,7.. <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 OPER liability would be if it were calculated using a trend rate that is one percent lower or one <br />percent higher: <br />Current Healthcare <br />Cost Trend Rate <br />__... _ ° ease <br />__.._1%Decrease _ Ass.... ..._.__...., 1 o Increase <br />_ .._...... <br />Total OPEB Liability $2,511,568 $2,674,388 $2,849,892 <br />65 <br />