{ "document_id": 16531, "page": 73, "width_pt": 612, "height_pt": 792, "rotation": 0, "pipeline_version": "paddleocr-vl-1.6+paul-48", "engine": "paddleocr_vl", "source_run_id": 16642, "item_count": 20, "counts_by_type": { "footer": 1, "header": 2, "heading": 1, "table": 2, "table_cell": 11, "text": 3 }, "build_ms": 5, "items": [ { "id": "p73.1", "order": 1, "type": "header", "bbox": { "l": 217.44, "t": 754.32, "r": 393.6, "b": 740.16 }, "text": "KENTUCKY STATE UNIVERSITY", "attrs": { "block_label": "header" }, "level": 2 }, { "id": "p73.2", "order": 2, "type": "header", "bbox": { "l": 216.24, "t": 722.64, "r": 395.76, "b": 695.76 }, "text": "NOTES TO FINANCIAL STATEMENTS\nJUNE 30, 2022", "attrs": { "block_label": "header" }, "level": 2 }, { "id": "p73.3", "order": 3, "type": "heading", "bbox": { "l": 69.12, "t": 680.88, "r": 457.44, "b": 667.2 }, "text": "NOTE 12 - OTHER POSTEMPLOYMENT BENEFITS PLANS (OPEB) (CONTINUED)", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p73.4", "order": 4, "type": "text", "bbox": { "l": 68.88, "t": 652.56, "r": 541.92, "b": 610.56 }, "text": "year will be included as a reduction of the collective net OPEB liability in the year ended June 30, 2022. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized in the University's OPEB expense as follows:" }, { "id": "p73.5", "order": 5, "type": "table", "bbox": { "l": 216, "t": 597.3604780000001, "r": 396.48, "b": 466.08 }, "text": "", "attrs": { "block_label": "table", "n_rows": 2, "n_cols": 2, "integrity": { "cells_checked": 3, "cells_flagged": 0 } }, "children": [ { "id": "p73.5.1", "order": 6, "type": "table_cell", "bbox": { "l": 218.6411, "t": 597.3604780000001, "r": 314.543861, "b": 583.4684520000001 }, "text": "Year ending June 30:", "attrs": { "row": 0, "col": 0, "rowspan": 1, "colspan": 2, "bbox_refit": true } }, { "id": "p73.5.2", "order": 7, "type": "table_cell", "bbox": { "l": 218.6411, "t": 581.619742, "r": 264.956702, "b": 489.38642 }, "text": "2023\n2024\n2025\n2026\n2027\nThereafter", "attrs": { "row": 1, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } }, { "id": "p73.5.3", "order": 8, "type": "table_cell", "bbox": { "l": 340.671468, "t": 581.619742, "r": 393.239503, "b": 469.919764 }, "text": "$ (359,000)\n(361,000)\n(338,000)\n(313,000)\n(83,000)\n(4,000)\n$ (1,458,000)", "attrs": { "row": 1, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } } ] }, { "id": "p73.6", "order": 9, "type": "text", "bbox": { "l": 70.08, "t": 436.32, "r": 541.68, "b": 394.8 }, "text": "Actuarial Assumptions- The total OPEB liability in the June 30, 2021 actuarial valuation was determined using the following actuarial assumptions, applied to all periods included in the measurement:" }, { "id": "p73.7", "order": 10, "type": "table", "bbox": { "l": 71.76, "t": 385.229535, "r": 530.64, "b": 163.44 }, "text": "", "attrs": { "block_label": "table", "n_rows": 4, "n_cols": 2, "integrity": { "cells_checked": 8, "cells_flagged": 0 } }, "children": [ { "id": "p73.7.1", "order": 11, "type": "table_cell", "bbox": { "l": 74.1613, "t": 385.229535, "r": 190.002734, "b": 261.12116000000003 }, "text": "Valuation date\nMeasurement date\nInvestment rate of return\nProjected salary increases\nInflation rate\nReal wage growth\nWage inflation\nHealthcare cost trend rates", "attrs": { "row": 0, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } }, { "id": "p73.7.2", "order": 12, "type": "table_cell", "bbox": { "l": 220.83085, "t": 385.229535, "r": 493.968532, "b": 276.948392 }, "text": "June 30, 2020\nJune 30, 2021\n7.10%, net of OPEB plan investment expense, including inflation\n3.00-7.50%, including inflation\n2.50%\n0.25%\n2.75%", "attrs": { "row": 0, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } }, { "id": "p73.7.3", "order": 13, "type": "table_cell", "bbox": { "l": 74.1613, "t": 259.354367, "r": 213.12395, "b": 198.30519200000003 }, "text": "Under 65\nAges 65 and Older\nMedicare Part B premiums\nMunicipal bond index rate", "attrs": { "row": 1, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } }, { "id": "p73.7.4", "order": 14, "type": "table_cell", "bbox": { "l": 220.830868, "t": 259.354367, "r": 524.600174, "b": 198.30519200000003 }, "text": "7.00% for 2021 decreasing to an ultimate rate of 4.50% by FY 2031\n5.00% for FY 2022 decreasing to an ultimate rate of 4.50% by FY 2024\n4.40% for FY 2021 with an ultimate rate of 4.50% by 2034\n2.13%", "attrs": { "row": 1, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } }, { "id": "p73.7.5", "order": 15, "type": "table_cell", "bbox": { "l": 74.1613, "t": 196.41356699999994, "r": 131.983713, "b": 182.47799199999997 }, "text": "Discount rate", "attrs": { "row": 2, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p73.7.6", "order": 16, "type": "table_cell", "bbox": { "l": 220.830868, "t": 180.71119899999997, "r": 249.692922, "b": 166.775624 }, "text": "7.10%", "attrs": { "row": 2, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p73.7.7", "order": 17, "type": "table_cell", "bbox": { "l": 74.1613, "t": 180.71119899999997, "r": 201.386337, "b": 166.775624 }, "text": "Single equivalent interest rate", "attrs": { "row": 3, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p73.7.8", "order": 18, "type": "table_cell", "bbox": { "l": 301.2, "t": 179.1257, "r": 530.64, "b": 163.44 }, "text": "7.10%, net of OPEB plan investment expense, including price inflation", "attrs": { "row": 3, "col": 1, "rowspan": 1, "colspan": 1 } } ] }, { "id": "p73.8", "order": 19, "type": "text", "bbox": { "l": 70.08, "t": 149.52, "r": 541.44, "b": 107.04 }, "text": "Mortality rates were based on the Pub-2010 (Teachers Benefit-Weighted) Mortality Table projected generationally with MP-2020 with various set-forwards, set-backs, and adjustments for each of the groups: service, retirees, contingent annuitants, disabled retirees, and active members." }, { "id": "p73.9", "order": 20, "type": "footer", "bbox": { "l": 298.08, "t": 48.24, "r": 312.24, "b": 36.72 }, "text": "70.", "attrs": { "block_label": "number" } } ], "excluded_furniture": { "first": [], "last": [] } }