Laserfiche WebLink
Indian River County, Florida <br />Notes To Financial Statements <br />Year Ended September 30, 2019 <br /> <br />99 <br /> <br />NOTE 14 – OTHER POSTEMPLOYMENT BENEFITS PLAN (OPEB) - Continued <br /> <br />F. Sensitivity of Net OPEB Liability <br /> <br />Regarding the sensitivity of the net OPEB liability to changes in the SDR, the following presents the <br />plan's net OPEB liability, calculated using a SDR of 6.00%, as well as what the plan's net OPEB <br />liability would be if it were calculated using a SDR that is one percent lower or one percent higher: <br /> <br /> <br />Sensitivity of Net OPEB Liability <br />to the Single Discount Rate Assumption <br /> <br /> Current Single Discount <br />1% Decrease Rate Assumption 1% Increase <br />(5.00%) (6.00%) (7.00%) <br /> $ 5,280,961 $ 2,699,620 $ 379,224 <br /> <br />Regarding the sensitivity of the net OPEB liability to changes in the healthcare cost trend rates, the <br />following presents the plan's net OPEB liability, calculated using the assumed trend rates as well as <br />what the plan's net OPEB liability would be if it were calculated using a trend rate that is one percent <br />lower or one percent higher: <br /> <br />Sensitivity of Net OPEB Liability <br />to the Healthcare Cost Trend Rate Assumption <br /> <br /> Current Healthcare Cost <br />1% Decrease Trend Rate Assumption 1% Increase <br />(6% down to 3.39%) (7% down to 4.39%) (8% down to 5.39%) <br /> $(331,749) $ 2,699,620 $ 6,189,812 <br />