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CITY OF RAMSEY <br /> Notes to Required Supplementary Information <br /> General Employees Retirement Fund (continued) <br /> Year Ended December 31,2021 <br /> 2017 CHANGES IN ACTUARIAL ASSUMPTIONS <br /> • The Combined Service Annuity (CSA) loads were changed from 0.80 percent for active <br /> members and 60.00 percent for vested and nonvested deferred members. The revised CSA <br /> loads are now zero percent for active member liability, 15.00 percent for vested deferred <br /> member liability, and 3.00 percent for nonvested deferred member liability. <br /> • The assumed post-retirement benefit increase rate was changed from 1.00 percent per year for <br /> all years,to 1.00 percent per year through 2044,and 2.50 percent per year thereafter. <br /> 2017 CHANGES IN PLAN PROVISIONS <br /> • The state's contribution for the Minneapolis Employees Retirement Fund equals$16.0 million <br /> in 2017 and 2018, and$6.0 million thereafter. <br /> • The Employer Supplemental Contribution for the Minneapolis Employees Retirement Fund <br /> changed from $21.0 million to $31.0 million in calendar years 2019 to 2031. The state's <br /> contribution changed from $16.0 million to $6.0 million in calendar years 2019 to 2031. <br /> 2016 CHANGES IN ACTUARIAL ASSUMPTIONS <br /> • The assumed post-retirement benefit increase rate was changed from 1.00 percent per year <br /> through 2035 and 2.50 percent per year thereafter,to 1.00 percent per year for all years. <br /> • The assumed investment return was changed from 7.90 percent to 7.50 percent. The single <br /> discount rate changed from 7.90 percent to 7.50 percent. <br /> • Other assumptions were changed pursuant to the experience study June 30,2015.The assumed <br /> future salary increases, payroll growth, and inflation were decreased by 0.25 percent to <br /> 3.25 percent for payroll growth, and 2.50 percent for inflation. <br /> 2015 CHANGES IN ACTUARIAL ASSUMPTIONS <br /> • The assumed post-retirement benefit increase rate was changed from 1.00 percent per year <br /> through 2030 and 2.50 percent per year thereafter,to 1.00 percent per year through 2035, and <br /> 2.50 percent per year thereafter. <br /> 2015 CHANGES IN PLAN PROVISIONS <br /> • On January 1,2015,the Minneapolis Employees Retirement Fund was merged into the General <br /> Employees Fund, which increased the total pension liability by $1.1 billion and increased the <br /> fiduciary plan net position by $892.0 million. Upon consolidation, state and employer <br /> contributions were revised; the state's contribution of$6.0 million, which meets the special <br /> funding situation definition,was due September 2015. <br /> 104 <br />