{ "document_id": 16528, "page": 43, "width_pt": 612, "height_pt": 792, "rotation": 0, "pipeline_version": "paddleocr-vl-1.6+paul-48", "engine": "paddleocr_vl", "source_run_id": 16639, "item_count": 21, "counts_by_type": { "footer": 1, "heading": 3, "table": 2, "table_cell": 11, "text": 3, "title": 1 }, "build_ms": 4, "items": [ { "id": "p43.1", "order": 1, "type": "title", "bbox": { "l": 206.4, "t": 756.48, "r": 405.6, "b": 717.6 }, "text": "KENTUCKY STATE UNIVERSITY\nNOTES TO FINANCIAL STATEMENTS\nJUNE 30, 2024", "attrs": { "block_label": "doc_title" }, "level": 2 }, { "id": "p43.2", "order": 2, "type": "heading", "bbox": { "l": 51.36, "t": 674.64, "r": 376.56, "b": 660.96 }, "text": "NOTE 8 DEFINED BENEFIT PENSION PLANS (CONTINUED)", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p43.3", "order": 3, "type": "heading", "bbox": { "l": 104.88, "t": 649.44, "r": 507.36, "b": 636.48 }, "text": "Kentucky Employees' Retirement System - Defined Benefit Plan (Continued)", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p43.4", "order": 4, "type": "text", "bbox": { "l": 123.12, "t": 634.08, "r": 558.72, "b": 607.2 }, "text": "Pension Liabilities, Pension Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to Pensions (Continued)" }, { "id": "p43.5", "order": 5, "type": "text", "bbox": { "l": 123.12, "t": 605.28, "r": 559.68, "b": 540.48 }, "text": "At June 30, 2024, the University reported $2,380,100 as deferred outflows of resources related to pensions resulting from University contributions subsequent to the measurement date that will be recognized as pension expense in 2025. Deferred outflows and deferred inflows of resources at June 30, 2024, related to pensions will be recognized in pension expense as follows:" }, { "id": "p43.6", "order": 6, "type": "table", "bbox": { "l": 196.56, "t": 529.92, "r": 550.32, "b": 453.36 }, "text": "", "attrs": { "block_label": "table", "n_rows": 1, "n_cols": 3, "integrity": { "cells_checked": 3, "cells_flagged": 0 } }, "children": [ { "id": "p43.6.1", "order": 7, "type": "table_cell", "bbox": { "l": 199.74, "t": 528.60656, "r": 294.972695, "b": 456.235616 }, "text": "Year Ending June 30,\n2025\n2026\n2027\n2028\nTotal", "attrs": { "row": 0, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } }, { "id": "p43.6.2", "order": 8, "type": "table_cell", "bbox": { "l": 388.26, "t": 528.60656, "r": 455.821923, "b": 455.399648 }, "text": "Nonhazardous\n$ (944,023)\n(53,133)\n128,012\n(23,000)\n$ (892,144)", "attrs": { "row": 0, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } }, { "id": "p43.6.3", "order": 9, "type": "table_cell", "bbox": { "l": 487.039745, "t": 528.60656, "r": 546.392467, "b": 455.399648 }, "text": "Hazardous\n$ (79,593)\n(8,525)\n13,540\n(4,348)\n$ (78,926)", "attrs": { "row": 0, "col": 2, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } } ] }, { "id": "p43.7", "order": 10, "type": "heading", "bbox": { "l": 123.6, "t": 440.4, "r": 237.12, "b": 427.44 }, "text": "Actuarial Assumptions", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p43.8", "order": 11, "type": "text", "bbox": { "l": 123.12, "t": 425.04, "r": 559.92, "b": 385.68 }, "text": "The total pension liability for KERS was determined by applying procedures to the actuarial valuation as of June 30, 2022, using the following actuarial assumptions applied to all periods included in the measurement." }, { "id": "p43.9", "order": 12, "type": "table", "bbox": { "l": 122.16, "t": 376.56, "r": 540.72, "b": 152.88 }, "text": "", "attrs": { "block_label": "table", "n_rows": 4, "n_cols": 2, "integrity": { "cells_checked": 8, "cells_flagged": 0 } }, "children": [ { "id": "p43.9.1", "order": 13, "type": "table_cell", "bbox": { "l": 126, "t": 374.26302, "r": 277.631604, "b": 306.01134 }, "text": "Actuarial Cost Method\nAmortization Method\nRemaining Amortization Period\nAsset Valuation Method", "attrs": { "row": 0, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } }, { "id": "p43.9.2", "order": 14, "type": "table_cell", "bbox": { "l": 341.979894, "t": 374.26302, "r": 536.403852, "b": 280.75734 }, "text": "Entry Age Normal\nLevel Percent of Pay\n30 Years, Closed\n20% of the Difference Between Market Value of Assets and the Expected Actuarial Value of Assets is Recognized", "attrs": { "row": 0, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } }, { "id": "p43.9.3", "order": 15, "type": "table_cell", "bbox": { "l": 126, "t": 274.34502, "r": 302.727492, "b": 224.77031999999997 }, "text": "Inflation\nPayroll Growth Rate\nSalary Increases, Varies by Service:", "attrs": { "row": 1, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } }, { "id": "p43.9.4", "order": 16, "type": "table_cell", "bbox": { "l": 341.9937, "t": 274.356, "r": 373.174704, "b": 243.43632000000002 }, "text": "2.30%\n0%", "attrs": { "row": 1, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } }, { "id": "p43.9.5", "order": 17, "type": "table_cell", "bbox": { "l": 126, "t": 224.42994, "r": 257.45805, "b": 180.85032 }, "text": "Nonhazardous\nHazardous\nInvestment Rate of Return:", "attrs": { "row": 2, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } }, { "id": "p43.9.6", "order": 18, "type": "table_cell", "bbox": { "l": 341.98758, "t": 224.42994, "r": 415.978506, "b": 199.51631999999995 }, "text": "3.30 to 15.30%\n3.55 to 20.05%", "attrs": { "row": 2, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } }, { "id": "p43.9.7", "order": 19, "type": "table_cell", "bbox": { "l": 143.9995, "t": 180.45500000000004, "r": 215.547376, "b": 155.54138 }, "text": "Nonhazardous\nHazardous", "attrs": { "row": 3, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } }, { "id": "p43.9.8", "order": 20, "type": "table_cell", "bbox": { "l": 341.97988, "t": 180.45500000000004, "r": 373.171864, "b": 155.54138 }, "text": "5.25%\n6.25%", "attrs": { "row": 3, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } } ] }, { "id": "p43.10", "order": 21, "type": "footer", "bbox": { "l": 297.12, "t": 46.08, "r": 314.64, "b": 34.8 }, "text": "(40)", "attrs": { "block_label": "number" } } ], "excluded_furniture": { "first": [], "last": [] } }