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Indian River County, Florida <br />Notes To Financial Statements <br />Year Ended September 30, 2017 <br />NOTE 14 — OTHER POSTEMPLOYMENT BENEFITS PLAN - Continued <br />E. Actuarial Methods and Assumptions <br />The total OPEB liability was determined by an actuarial valuation as of October 1, 2015, using the <br />following actuarial assumptions, applied to all periods included in the measurement, unless otherwise <br />specified: <br />Methods and Assumptions Used to Determine Net OPEB Liability: <br />Actuarial Cost Method Entry age normal <br />Inflation 2.50% <br />Discount Rate 6.00% <br />Salary Increases 4.00% to 9.47%, including inflation, varies by plan type <br />and years of service. <br />Retirement Age Experience -based table of rates that are specific to the plan <br />and type of eligibility condition. <br />Mortality Mortality tables used in the July 1, 2015 actuarial <br />valuation of the Florida Retirement System. They are <br />based on the results of a statewide experience study <br />covering the period 2008 through 2013. <br />Healthcare Cost Trend Rates Based on the Getzen Model, with trend starting at 7.0% <br />and gradually decreasing to an ultimate trend rate of <br />4.55% (including the impact of the excise tax). <br />Aging Factors Based on the 2013 SOA Study "Health Care Costs - From <br />Birth to Death". <br />Expenses Investment expenses are net of the investment returns; <br />Administrative expenses are included in the premium <br />costs. <br />Other Information: <br />Notes There were no benefit changes during the year. <br />