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Valuation Date: <br />Notes <br />Indian River County, Florida <br />Required Supplementary Information <br />For the Year Ended September 30, 2018 <br />Notes to Schedule of OPEB Contributions <br />October 1, 2017 <br />Actuarially determined contribution rates are calculated as of October 1, the <br />beginning of the fiscal year preceding the year in which contributions are <br />reported. <br />Methods and Assumptions Used to Determine Contribution Rates: <br />Actuarial Cost Method <br />Amortization Method <br />Remaining Amortization Period <br />Asset Valuation Method <br />Inflation <br />Salary Increases <br />Investment Rate of Return <br />Retirement Age <br />Mortality <br />Health Care Trend Rates <br />Aging factors <br />Expenses <br />Entry Age Normal <br />Level Percentage of Payroll, Closed <br />10 years <br />Market Value <br />2.50% <br />3.7% to 7.8%, including inflation; varies by plan type and years of service. <br />6.00%, net of OPEB plan investment expense, including inflation. <br />Experience -based table of rates that are specific to the plan and type of <br />eligibility condition. <br />Mortality tables used in July 1, 2016 actuarial valuation of the Florida <br />Retirement System. They are based on the results of a statewide experience <br />study covering the period 2008 to 2013. <br />Based on the Getzen Model, with trend starting at 7.0% and gradually decreasing <br />to an ultimate trend rate of 4.39% (including the impact of the excise tax). <br />Based on the 2013 SOA Study "Health Care Costs - From Birth to Death". See Section <br />C of the October 1, 2017, Actuarial Valuation Report dated May 23, 2018. <br />Investment expenses are net of the investment returns; <br />Administrative expenses are included in the per capita health costs. <br />Other Information: <br />Notes There were no benefit changes during the year. <br />114 <br />