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City of Orono, Minnesota <br />Notes to the Financial Statements <br />December 31, 2023 <br />Note 5: Postemployment Benefits Other Than Pensions (Continued) <br />D. Changes in the Total OPEB Liability <br />Since the prior measurement date, the following assumptions changed: <br />The discount rate was changed from 2.06% to 4.05%. <br />E. Sensitivity of the Total OPEB Liability <br />liability would be if it were <br />calculated using a discount rate that is 1-percentage point lower (1.06 percent) or 1-percentage-point higher (3.06 <br />percent) than the current discount rate: <br />1 Percent 1 Percent <br />Decrease (3.05%) Current (4.05%) Increase (5.05%) <br />1,024,206$ 1,175,850$ 1,355,452$ <br />ere <br />calculated using a Healthcare Cost Trent Rate that is 1-percentage point lower (7 percent decreasing to 6 percent) or 1- <br />percentage-point higher (9 percent increasing to 8 percent) than the current cost trend rate: <br />79 <br />prior measurement date, the following assumptions changed:prior measurement date, the following assumptions changed: <br />The discount rate was changed from The discount rate was changed from 2.2.0606% to % to 4.055%.%. <br />Sensitivity of the Total OPEB LiabilitySensitivity of the Total OPEB Liability <br />liability would be if it were liability would be if it were <br />calculated using a discount rate that is 1calculated using a discount rate that is 1-percentage point lower (percentage point lower (1.06 06 percent) or 1percent) or 1-percentage-point higher (point higher (3.06 <br />percent) than the current discount rate:percent) than the current discount rate: <br />114