{ "document_id": 16534, "page": 71, "width_pt": 612, "height_pt": 792, "rotation": 0, "pipeline_version": "paddleocr-vl-1.6+paul-48", "engine": "paddleocr_vl", "source_run_id": 16644, "item_count": 33, "counts_by_type": { "footer": 1, "heading": 7, "table": 2, "table_cell": 16, "text": 6, "title": 1 }, "build_ms": 4, "items": [ { "id": "p71.1", "order": 1, "type": "title", "bbox": { "l": 206.4, "t": 756.24, "r": 405.6, "b": 717.6 }, "text": "KENTUCKY STATE UNIVERSITY\nNOTES TO FINANCIAL STATEMENTS\nJUNE 30, 2023", "attrs": { "block_label": "doc_title" }, "level": 2 }, { "id": "p71.2", "order": 2, "type": "heading", "bbox": { "l": 51.36, "t": 674.88, "r": 472.8, "b": 660.48 }, "text": "NOTE 10 OTHER POSTEMPLOYMENT BENEFITS PLANS (OPEB) (CONTINUED)", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p71.3", "order": 3, "type": "heading", "bbox": { "l": 104.64, "t": 649.68, "r": 441.36, "b": 636.48 }, "text": "Kentucky Teachers' Retirement System OPEB Plan (Continued)", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p71.4", "order": 4, "type": "heading", "bbox": { "l": 124.08, "t": 633.84, "r": 314.64, "b": 620.64 }, "text": "Medical Insurance Plan (Continued)", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p71.5", "order": 5, "type": "text", "bbox": { "l": 123.36, "t": 618.24, "r": 552.72, "b": 591.84 }, "text": "Sensitivity of the University's Proportionate Share of the Net OPEB Liability to Changes in the Discount Rate" }, { "id": "p71.6", "order": 6, "type": "text", "bbox": { "l": 123.12, "t": 589.92, "r": 560.16, "b": 524.88 }, "text": "The following table presents the University’s proportionate share of the collective net OPEB liability of the System, calculated using the discount rate of 7.10%, 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 (6.10%) or 1-percentage-point higher (8.10%) than the current rate:" }, { "id": "p71.7", "order": 7, "type": "table", "bbox": { "l": 126.24, "t": 514.32, "r": 555.84, "b": 448.56 }, "text": "", "attrs": { "block_label": "table", "n_rows": 2, "n_cols": 4, "integrity": { "cells_checked": 7, "cells_flagged": 0 } }, "children": [ { "id": "p71.7.1", "order": 8, "type": "table_cell", "bbox": { "l": 126.24, "t": 514.32, "r": 233.64, "b": 481.44 }, "text": "", "attrs": { "row": 0, "col": 0, "rowspan": 1, "colspan": 1 } }, { "id": "p71.7.2", "order": 9, "type": "table_cell", "bbox": { "l": 343.019515, "t": 512.9934390000001, "r": 385.998283, "b": 476.92974 }, "text": "1% Decrease (6.10)%", "attrs": { "row": 0, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p71.7.3", "order": 10, "type": "table_cell", "bbox": { "l": 423.083646, "t": 512.9934390000001, "r": 462.232702, "b": 476.92974 }, "text": "Current Discount (7.10)%", "attrs": { "row": 0, "col": 2, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p71.7.4", "order": 11, "type": "table_cell", "bbox": { "l": 501.508046, "t": 512.9934390000001, "r": 540.036692, "b": 476.92974 }, "text": "1% Increase (8.10)%", "attrs": { "row": 0, "col": 3, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p71.7.5", "order": 12, "type": "table_cell", "bbox": { "l": 128.400296, "t": 475.61424, "r": 264.383633, "b": 451.610122 }, "text": "University's Net OPEB Liability (Medical Insurance)", "attrs": { "row": 1, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p71.7.6", "order": 13, "type": "table_cell", "bbox": { "l": 348.373694, "t": 462.774363, "r": 392.971145, "b": 451.610122 }, "text": "$ 7,355,000", "attrs": { "row": 1, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p71.7.7", "order": 14, "type": "table_cell", "bbox": { "l": 426.603653, "t": 462.774363, "r": 471.209122, "b": 451.610122 }, "text": "$ 5,862,000", "attrs": { "row": 1, "col": 2, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p71.7.8", "order": 15, "type": "table_cell", "bbox": { "l": 504.774477, "t": 462.774363, "r": 549.339855, "b": 451.610122 }, "text": "$ 4,626,000", "attrs": { "row": 1, "col": 3, "rowspan": 1, "colspan": 1, "bbox_refit": true } } ] }, { "id": "p71.8", "order": 16, "type": "text", "bbox": { "l": 123.84, "t": 431.28, "r": 555.36, "b": 404.4 }, "text": "Sensitivity of the University's Proportionate Share of the Collective Net OPEB Liability to Changes in the Healthcare Cost Trend Rates" }, { "id": "p71.9", "order": 17, "type": "table", "bbox": { "l": 125.28, "t": 403.44, "r": 555.36, "b": 348.72 }, "text": "", "attrs": { "block_label": "table", "n_rows": 2, "n_cols": 4, "integrity": { "cells_checked": 7, "cells_flagged": 0 } }, "children": [ { "id": "p71.9.1", "order": 18, "type": "table_cell", "bbox": { "l": 125.28, "t": 403.44, "r": 232.8, "b": 376.08 }, "text": "", "attrs": { "row": 0, "col": 0, "rowspan": 1, "colspan": 1 } }, { "id": "p71.9.2", "order": 19, "type": "table_cell", "bbox": { "l": 343.019515, "t": 401.27009, "r": 385.970219, "b": 377.629854 }, "text": "1% Decrease", "attrs": { "row": 0, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p71.9.3", "order": 20, "type": "table_cell", "bbox": { "l": 417.475889, "t": 401.27009, "r": 467.719183, "b": 377.629854 }, "text": "Current Trend Rate", "attrs": { "row": 0, "col": 2, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p71.9.4", "order": 21, "type": "table_cell", "bbox": { "l": 501.50504, "t": 401.27009, "r": 540.005621, "b": 377.629854 }, "text": "1% Increase", "attrs": { "row": 0, "col": 3, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p71.9.5", "order": 22, "type": "table_cell", "bbox": { "l": 128.400296, "t": 376.369842, "r": 264.383633, "b": 352.369601 }, "text": "University's Net OPEB Liability (Medical Insurance)", "attrs": { "row": 1, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p71.9.6", "order": 23, "type": "table_cell", "bbox": { "l": 348.373694, "t": 363.529713, "r": 392.971145, "b": 352.369601 }, "text": "$ 4,394,000", "attrs": { "row": 1, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p71.9.7", "order": 24, "type": "table_cell", "bbox": { "l": 426.603653, "t": 363.529713, "r": 471.209122, "b": 352.369601 }, "text": "$ 5,862,000", "attrs": { "row": 1, "col": 2, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p71.9.8", "order": 25, "type": "table_cell", "bbox": { "l": 504.774477, "t": 363.529713, "r": 549.339855, "b": 352.369601 }, "text": "$ 7,687,000", "attrs": { "row": 1, "col": 3, "rowspan": 1, "colspan": 1, "bbox_refit": true } } ] }, { "id": "p71.10", "order": 26, "type": "heading", "bbox": { "l": 124.08, "t": 337.92, "r": 228.48, "b": 324.72 }, "text": "Life Insurance Plan", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p71.11", "order": 27, "type": "heading", "bbox": { "l": 124.08, "t": 321.6, "r": 208.56, "b": 308.4 }, "text": "Plan Description", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p71.12", "order": 28, "type": "text", "bbox": { "l": 122.64, "t": 306.24, "r": 560.4, "b": 254.16 }, "text": "KTRS administers the life insurance plan as provided by KRS 161.655 to eligible active and retired members. The KTRS Life Insurance benefit is a cost-sharing multiple employer defined benefit plan. Changes made to the life insurance plan may be made by the KTRS Board of Trustees and the General Assembly." }, { "id": "p71.13", "order": 29, "type": "heading", "bbox": { "l": 124.08, "t": 242.88, "r": 214.08, "b": 229.68 }, "text": "Benefits Provided", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p71.14", "order": 30, "type": "text", "bbox": { "l": 122.88, "t": 227.04, "r": 560.64, "b": 162.48 }, "text": "KTRS provides a life insurance benefit of five thousand dollars payable for members who retire based on service or disability. KTRS provides a life insurance benefit of two thousand dollars payable for its active contributing members. The life insurance benefit is payable upon the death of the member to the member's estate or to a party designated by the member." }, { "id": "p71.15", "order": 31, "type": "heading", "bbox": { "l": 123.84, "t": 151.68, "r": 192.72, "b": 138.24 }, "text": "Contributions", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p71.16", "order": 32, "type": "text", "bbox": { "l": 122.88, "t": 136.08, "r": 560.64, "b": 96.24 }, "text": "In order to fund the postretirement life insurance benefit, 0.03% of the gross annual payroll of members is contributed by the state. For the year ended June 30, 2022, the University contributed $8,993 to the KTRS life insurance plan." }, { "id": "p71.17", "order": 33, "type": "footer", "bbox": { "l": 297.12, "t": 46.08, "r": 314.64, "b": 34.56 }, "text": "(68)", "attrs": { "block_label": "number" } } ], "excluded_furniture": { "first": [], "last": [] } }