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            "text": "KENTUCKY STATE UNIVERSITY\nNOTES TO FINANCIAL STATEMENTS\nJune 30, 2020",
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            "text": "NOTE 10 - OTHER POSTEMPLOYMENT BENEFITS PLANS (OPEB) (Continued)",
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            "text": "The target allocation and best estimates of arithmetic real rates of return for each major asset class, as provided by TRS's investment consultant, are summarized in the following table:"
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                    "text": "June 30, 2020",
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                    "text": "Asset Class ^{{*}}",
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                    }
                },
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                    "text": "Target Allocation",
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                    }
                },
                {
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                    "text": "Long-Term Nominal Rate of Return",
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                },
                {
                    "id": "p491.4.6",
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                    "text": "U.S. Equity\nInternational Equity\nFixed Income\nReal Estate\nPrivate Equity\nAdditional Categories ^{{**}}\nCash",
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                    "text": "40.0%\n23.0\n18.0\n6.0\n5.0\n6.0\n2.0",
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                    "text": "4.3%\n5.2\n1.2\n3.8\n6.3\n3.2\n0.9",
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                    "text": "Total",
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                },
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                    "text": "100%",
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            "text": "As the LIF investment policy is to change, the above reflects the pension allocation and returns that achieve the target 7.5% long-term rate of return."
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            "text": "** Modeled as 50% High Yield and 50% Bank Loans."
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            "text": "Discount rate - The discount rate used to measure the total OPEB liability for life insurance was 7.50%. The projection of cash flows used to determine the discount rate assumed that the employer contributions will be made at statutorily required rates. Based on those assumptions, the OPEB plan's fiduciary net position was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on OPEB plan investments was applied to all periods of projected benefit payments to determine the total OPEB liability."
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            "text": "Sensitivity of the University's proportionate share of the net OPEB liability to changes in the discount rate - The following table presents the University's proportionate share of the collective net OPEB liability of the System, calculated using the discount rate of 7.50%, as well as what the University's proportionate share of the collective net OPEB liability would be if it were calculated using a discount rate that is 1-percentage-point lower (6.50%) or 1-percentage-point higher (8.50%) than the current rate:"
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                    "text": "1% Decrease (6.50%)",
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                    "text": "Current Discount Rate (7.50%)",
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                    "text": "1% Increase (8.50%)",
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                    "text": "University’s net OPEB (LI) liability",
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                    "text": "$ 186,000",
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                    "text": "$ 126,000",
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                    "text": "$ 76,000",
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            "text": "OPEB plan fiduciary net position – Detailed information about the KTRS OPEB plans' fiduciary net position is available in the separately issued KTRS financial report."
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            "text": "(Continued)",
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            "text": "Page 491 of 649",
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            "text": "40.",
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