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            "text": "KENTUCKY STATE UNIVERSITY\nNOTES TO FINANCIAL STATEMENTS\nJUNE 30, 2024",
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            "text": "NOTE 10 OTHER POSTEMPLOYMENT BENEFITS PLANS (OPEB) (CONTINUED)",
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            "text": "Kentucky Teachers' Retirement System OPEB Plan (Continued)",
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            "text": "Life Insurance Plan (Continued)",
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            "text": "Actuarial Assumptions"
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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 KTRS's investment consultant, are summarized in the following table:"
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                    "text": "Asset Class ^{{*}}\nU.S. Equity\nDeveloped International Equity\nEmerging Market Equity\nFixed Income\nOther Additional Categories\nReal Estate\nPrivate Equity\nCash\nTotal",
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                    "text": "Target Allocation\n40.00 %\n15.00\n5.00\n21.00\n5.00\n7.00\n5.00\n2.00\n100.00 %",
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                    "text": "Long-Term Expected Real Rate of Return\n5.20 %\n5.50\n6.10\n1.90\n4.00\n3.20\n8.00\n1.60",
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            "text": "Discount Rate",
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            "text": "The discount rate used to measure the total OPEB liability for life insurance was 7.10%. 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": "[p69.10.1] As the life insurance fund 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": "^{*}",
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            "text": "(66)",
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