{
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        {
            "id": "p51.1",
            "order": 1,
            "type": "title",
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            "text": "KENTUCKY STATE UNIVERSITY",
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            "text": "Notes to the Financial Statements, continued",
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            "level": 3
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        {
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            "order": 3,
            "type": "heading",
            "bbox": {
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            "text": "9. Pension Plans, continued",
            "attrs": {
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            "level": 3
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        {
            "id": "p51.4",
            "order": 4,
            "type": "text",
            "bbox": {
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            },
            "text": "Sensitivity of the University's Proportionate Share of the Net Pension Liability to Changes in the Discount Rate"
        },
        {
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            "text": "The following presents the University's proportionate share of the net pension liability calculated using the discount rate of 7.75 percent, as well as what the University's proportionate share of the net pension liability would be if it were calculated using a discount rate that is 1-percentage-point lower (6.75 percent) or 1-percentage-point higher (8.75 percent) than the current rate:"
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                    "text": "",
                    "attrs": {
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                },
                {
                    "id": "p51.6.2",
                    "order": 8,
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                    "bbox": {
                        "l": 176.3904,
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                    "text": "1% Decrease (6.75%)",
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                },
                {
                    "id": "p51.6.3",
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                    "text": "Discount Rate (7.75%)",
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                        "rowspan": 1,
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                },
                {
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                    "bbox": {
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                    "text": "1% Increase (8.75%)",
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                        "rowspan": 1,
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                    }
                },
                {
                    "id": "p51.6.5",
                    "order": 11,
                    "type": "table_cell",
                    "bbox": {
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                    },
                    "text": "University's share of the net pension liability",
                    "attrs": {
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                        "rowspan": 1,
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                    }
                },
                {
                    "id": "p51.6.6",
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                    "bbox": {
                        "l": 176.3904,
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                    },
                    "text": "$32,116,000",
                    "attrs": {
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                        "rowspan": 1,
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                    }
                },
                {
                    "id": "p51.6.7",
                    "order": 13,
                    "type": "table_cell",
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                    "text": "$28,555,000",
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                    }
                },
                {
                    "id": "p51.6.8",
                    "order": 14,
                    "type": "table_cell",
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                    "text": "$25,331,000",
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                }
            ]
        },
        {
            "id": "p51.7",
            "order": 15,
            "type": "text",
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            "text": "Pension plan fiduciary net position. Detailed information about the pension plans' fiduciary net position is available in the separately issued KERS financial reports."
        },
        {
            "id": "p51.8",
            "order": 16,
            "type": "heading",
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            },
            "text": "Optional Retirement Plan",
            "attrs": {
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            },
            "level": 3
        },
        {
            "id": "p51.9",
            "order": 17,
            "type": "text",
            "bbox": {
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            "text": "All faculty and exempt employees who are eligible to participate in the KTRS retirement plan may elect to participate in the Optional Retirement Plan (ORP) instead of KTRS. In doing so, the employee may choose both Teachers Insurance and Annuity Association of America, (TIAA-CREF) or The Variable Annuity Life Insurance Company (VALIC). Both offer a defined contribution, 403b plan."
        },
        {
            "id": "p51.10",
            "order": 18,
            "type": "text",
            "bbox": {
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            "text": "TIAA-CREF Individual & Institutional Services, Inc. distributes CREF and TIAA Real Estate Account variable annuities. Teachers Personal Investors Services, Inc. distributes Personal Annuity variable annuities, TIAA-CREF Mutual Funds, TIAA-CREF Institutional Mutual Funds, and TIAA-CREF Tuition Financing, Inc. products. TIAA-CREF Trust Company, FSB, provides trust services. Located in New York, NY, Teachers Insurance and Annuity Association of America (TIAA) and TIAA-CREF Life Insurance Company issue insurance and annuities. Financial statements are available on the website, www.tiaacref.com."
        },
        {
            "id": "p51.11",
            "order": 19,
            "type": "text",
            "bbox": {
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            "text": "VALIC is the marketing name for the family of companies comprising VALIC Financial Advisors, Inc.; VALIC Retirement Services Company; VALIC Trust Company; and The Variable Annuity Life Insurance Company (VALIC); which are all members of American International Group, Inc. (AIG)."
        },
        {
            "id": "p51.12",
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            "type": "text",
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            "text": "Complete information about VALIC's variable annuities, including financial statements, fees, charges, expenses and contract limitations, can be obtained by visiting the website www.aigvalic.com or by calling 1-800-428-2542."
        },
        {
            "id": "p51.13",
            "order": 21,
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            "text": "Funding for the ORP is provided from eligible employees who contribute 6.16% of their salary through payroll deductions and the Commonwealth of Kentucky, which also indirectly contributes 8.74% of current eligible employees' salaries to the ORP through appropriations to the University. The University's"
        },
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            "text": "49",
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    "excluded_furniture": {
        "first": [],
        "last": []
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