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NOTE 13 – OTHER POST-EMPLOYMENT BENEFITS (OPEB) PLAN (CONTINUED) H. Total OPEB Liability Sensitivity to Discount and Health-Care Cost Trend Rate Changes The following presents the total OPEB liability of the City, as well as what the City’s total OPEB liability would be if it were calculated using a discount rate that is 1 percentage point lower or 1 percentage point higher than the current discount rate: 1% Decrease in Discount 1% Increase in Discount Rate Rate Discount Rate OPEB discount rate 3.05% 4.05% 5.05% Total OPEB liability 856,232$ 794,822$ 736,026$ The following presents the total OPEB liability of the City, as well as what the City’s total OPEB liability would be if it were calculated using healthcare cost trend rates that are 1 percentage point lower or 1 percentage point higher than the current healthcare cost trend rates: 1% Decrease in Healthcare Cost Trend 1% Increase in Healthcare Cost Trend Rate Rate Healthcare Cost Trend Rate 5.20% grading to 2.9% 6.20% grading to 3.9% 7.20% grading to 4.9% OPEB healthcare trend rate over several decades over several decades over several decades Total OPEB liability 685,891$ 794,822$ 925,384$ I. OPEB Expense and Related Deferred Outflow of Resources and Deferred Inflows of Resources For the current year ended, the City recognized OPEB expense of $109,113. As of year-end, the City reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources: Deferred Deferred Outflows of Inflows of Resources Resources Differences between expected and actual experience 409,659$ 222,683$ Changes of assumptions 51,025 421,366 City contributions subsequent to the measurement date 42,119 - Total 502,803$ 644,049$ 93