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Indian River County, Florida <br />Board of County Commissioners <br />Notes To Financial Statements <br />Year Ended September 30, 2017 <br />NOTE 12 - RETIREMENT PLAN - Continued <br />Pension Plan - Continued <br />Sensitivity of the Board's Proportionate Share of the Net Position Liability to Changes in the Discount <br />Rate for the Pension Plan: The following presents the Board's proportionate share of the Net Pension <br />Liability (NPL) of the Pension Plan calculated using the discount rate of 7.10%. Also presented is what <br />the Board's proportionate share of the FRS plan NPL would be if it were calculated using a discount rate <br />that is 1% lower or 1% higher than the current rate: <br />1% Current Discount 1 % <br />Decrease (6.10%) Rate (7.10%) Increase (8.10%) <br />Board's proportionate share of NPL $100,090,794 $55,300,626 $18,114,526 <br />Pension Plan Fiduciary Net Position: Detailed information regarding the Pension Plan's fiduciary net <br />position is available in the separately issued FRS Pension Plan and Other State -Administered Systems <br />Comprehensive Annual Financial Report. This report is available by writing to the State of Florida, <br />Division of Retirement, Department of Management Services, P.O. Box 9000, Tallahassee, Florida <br />32315-9000 or by email at rep@dms.myflorida.com, or by telephone toll free at (844) 377-1888 or (850) <br />907-6500. This report identifies statements that were prepared in accordance with generally accepted <br />accounting principles, the measurement focus and basis of accounting, various investment valuations, <br />various pension plan benefits, assumptions used, and many other details. <br />297 <br />