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Note 5: Postemployment Benefits Other Than Pensions (Continued) <br />D. Changes in the Total OPEB Liability <br />Total OPEB <br />Liability <br />Balances at December 31, 2023 1,175,850$ <br />Changes for the Year <br />Service Costs 123,700 <br />Interest Costs 51,779 <br />Assumption Changes (56,994) <br />Differences between expected and actual experience (331,212) <br />Benefit Payment (42,109) <br />Net Changes (254,836) <br />Balances at December 31, 2024 921,014$ <br />Since the prior measurement date, the following assumptions changed: <br />Since the prior measurement date, the following plan provisions changed: <br />Since the prior measurement date, the following benefit terms changed: <br />E. Sensitivity of the Net OPEB Liability <br />1 Percent Discount Rate 1 Percent <br />Decrease 2.77%Current 3.77%Increase 4.77% <br />991,544$ 921,014$ 854,224$ <br />The actuarial assumptions used in the valuation were based on input from a variety of published sources of historical <br />and projected future financial data. Each assumption was reviewed for reasonableness with the source information as <br />well as for consistency with the other economic assumptions. <br />anticipated experience <br />The discount rate used to measure the total OPEB liability was 3.77 percent. <br />City of Orono <br />Notes to the Financial Statements <br />December 31, 2024 <br />calculated using a discount rate one percentage point lower or one percentage point higher than the current discount <br />rate: <br />Mortality rates were based on the recently published PERA actuarial valuations. <br />81 108