{ "document_id": 16537, "page": 39, "width_pt": 612, "height_pt": 792, "rotation": 0, "pipeline_version": "paddleocr-vl-1.6+paul-48", "engine": "paddleocr_vl", "source_run_id": 16648, "item_count": 23, "counts_by_type": { "footer": 1, "heading": 1, "table": 2, "table_cell": 14, "text": 4, "title": 1 }, "build_ms": 6, "items": [ { "id": "p39.1", "order": 1, "type": "title", "bbox": { "l": 215.76, "t": 763.68, "r": 395.52, "b": 728.4 }, "text": "KENTUCKY STATE UNIVERSITY\nNOTES TO FINANCIAL STATEMENTS\nJune 30, 2018", "attrs": { "block_label": "doc_title" }, "level": 2 }, { "id": "p39.2", "order": 2, "type": "heading", "bbox": { "l": 80.64, "t": 693.6, "r": 365.76, "b": 679.92 }, "text": "NOTE 8 – DEFINED BENEFIT PENSION PLANS (Continued)", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p39.3", "order": 3, "type": "table", "bbox": { "l": 80.4, "t": 664.08, "r": 542.7243, "b": 551.04 }, "text": "", "attrs": { "block_label": "table", "n_rows": 2, "n_cols": 3, "integrity": { "cells_checked": 6, "cells_flagged": 0 } }, "children": [ { "id": "p39.3.1", "order": 4, "type": "table_cell", "bbox": { "l": 82.8, "t": 658.542, "r": 173.502, "b": 639.8969999999999 }, "text": "Unreduced Retirement Benefit:", "attrs": { "row": 0, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p39.3.2", "order": 5, "type": "table_cell", "bbox": { "l": 206.52, "t": 658.542, "r": 344.8203, "b": 629.5740000000001 }, "text": "Any age with 27 years of Kentucky service. Age 55 with 5 years of Kentucky service.", "attrs": { "row": 0, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p39.3.3", "order": 6, "type": "table_cell", "bbox": { "l": 420.12, "t": 658.542, "r": 542.7243, "b": 608.817 }, "text": "Any age with 27 years of Kentucky service. Age 60 with 5 years of Kentucky service. Age 55 with 10 years of Kentucky service.", "attrs": { "row": 0, "col": 2, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p39.3.4", "order": 7, "type": "table_cell", "bbox": { "l": 82.8, "t": 591.822, "r": 118.8837, "b": 573.177 }, "text": "Reduced Benefit:", "attrs": { "row": 1, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p39.3.5", "order": 8, "type": "table_cell", "bbox": { "l": 135.2403, "t": 591.822, "r": 179.262, "b": 583.4970000000001 }, "text": "Retirement", "attrs": { "row": 1, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p39.3.6", "order": 9, "type": "table_cell", "bbox": { "l": 206.52, "t": 591.822, "r": 534.8067, "b": 552.417 }, "text": "Must be retired for service or disability to be eligible. Retired members are given a supplement based upon a contribution supplement table approved by the KTRS Board of Trustees. The retired member pays premiums in excess of the monthly supplement.", "attrs": { "row": 1, "col": 2, "rowspan": 1, "colspan": 1, "bbox_refit": true } } ] }, { "id": "p39.4", "order": 10, "type": "text", "bbox": { "l": 68.64, "t": 541.44, "r": 541.92, "b": 400.08 }, "text": "Contributions - Benefit and contribution rates are established by state statute. Per Kentucky Revised Statutes 161.540, 161.550 and 161.565, contribution requirements of the active employees and the participating organizations are established and may be amended by the KTRS Board. For the fiscal year ended June 30, 2018, University employees were required to contribute 7.625 percent of their annual covered salary for retirement benefits. The University was contractually required to contribute 15.865 percent of covered payroll for the year ended June 30, 2018. The actuarially determined amount, when combined with employee contributions, is expected to finance the cost of benefits earned by employees during the year, with an additional amount to finance any unfunded accrued liability. The University's total contributions to KTRS for the year ending June 30, 2018 was $1,729,748 and were equal to the required contributions for the year. In addition, the Commonwealth of Kentucky contributes ad hoc annual cost of living adjustments provided by the General Assembly for KTRS retirees at a contribution rate of 3.25% for the year ending June 30, 2018." }, { "id": "p39.5", "order": 11, "type": "text", "bbox": { "l": 68.88, "t": 391.92, "r": 542.16, "b": 320.64 }, "text": "Pension liabilities, pension expense, and deferred outflows of resources and deferred inflows of resources related to pensions - At June 30, 2018, the University reported a liability for its proportionate share of the net pension liability that reflected a reduction for pension support provided to the University by the Commonwealth of Kentucky. The amount recognized by the University as its proportionate share of the net pension liability, the related State support, and the total portion of the net pension liability that was associated with the University were as follows:" }, { "id": "p39.6", "order": 12, "type": "table", "bbox": { "l": 85.92, "t": 312, "r": 520.32, "b": 229.2 }, "text": "", "attrs": { "block_label": "table", "n_rows": 4, "n_cols": 2, "integrity": { "cells_checked": 6, "cells_flagged": 0 } }, "children": [ { "id": "p39.6.1", "order": 13, "type": "table_cell", "bbox": { "l": 85.92, "t": 312, "r": 303.12, "b": 291.3 }, "text": "", "attrs": { "row": 0, "col": 0, "rowspan": 1, "colspan": 1 } }, { "id": "p39.6.2", "order": 14, "type": "table_cell", "bbox": { "l": 478.08912, "t": 308.71128, "r": 500.1804, "b": 299.49828 }, "text": "2018", "attrs": { "row": 0, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p39.6.3", "order": 15, "type": "table_cell", "bbox": { "l": 89.99772, "t": 285.66756, "r": 345.610164, "b": 276.45456 }, "text": "University's proportionate share of the net pension liability", "attrs": { "row": 1, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p39.6.4", "order": 16, "type": "table_cell", "bbox": { "l": 467.27256, "t": 285.66756, "r": 517.335504, "b": 276.45456 }, "text": "$ 40,538,352", "attrs": { "row": 1, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p39.6.5", "order": 17, "type": "table_cell", "bbox": { "l": 89.99772, "t": 274.14383999999995, "r": 331.330512, "b": 253.53828 }, "text": "Commonwealth of Kentucky's proportionate share of the net pension liability associated with the University", "attrs": { "row": 2, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p39.6.6", "order": 18, "type": "table_cell", "bbox": { "l": 468.34824, "t": 262.75127999999995, "r": 518.396244, "b": 253.53828 }, "text": "32,308,289", "attrs": { "row": 2, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p39.6.7", "order": 19, "type": "table_cell", "bbox": { "l": 85.92, "t": 249.9, "r": 303.12, "b": 229.2 }, "text": "", "attrs": { "row": 3, "col": 0, "rowspan": 1, "colspan": 1 } }, { "id": "p39.6.8", "order": 20, "type": "table_cell", "bbox": { "l": 468.34824, "t": 239.71128, "r": 518.39724, "b": 230.49828000000002 }, "text": "$ 72,846,641", "attrs": { "row": 3, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } } ] }, { "id": "p39.7", "order": 21, "type": "text", "bbox": { "l": 69.84, "t": 219.36, "r": 541.92, "b": 159.36 }, "text": "The net pension liability was measured as of June 30, 2017 and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of June 30, 2016 and update procedures were used to roll forward the total pension liability to the measurement date. The University's proportion of the net pension liability was based on actual contributions to the pension plan during the measurement period. At June 30, 2018, the University's proportion was 0.14 percent." }, { "id": "p39.8", "order": 22, "type": "text", "bbox": { "l": 278.64, "t": 70.8, "r": 333.36, "b": 57.84 }, "text": "(Continued)" }, { "id": "p39.9", "order": 23, "type": "footer", "bbox": { "l": 524.64, "t": 47.28, "r": 538.8, "b": 35.52 }, "text": "37.", "attrs": { "block_label": "number" } } ], "excluded_furniture": { "first": [], "last": [] } }