{ "document_id": 16537, "page": 51, "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": 18, "counts_by_type": { "footer": 2, "footnote": 1, "header": 1, "heading": 1, "table": 1, "table_cell": 6, "text": 6 }, "build_ms": 5, "items": [ { "id": "p51.1", "order": 1, "type": "header", "bbox": { "l": 215.52, "t": 763.68, "r": 395.76, "b": 728.4 }, "text": "KENTUCKY STATE UNIVERSITY\nNOTES TO FINANCIAL STATEMENTS\nJune 30, 2018", "attrs": { "block_label": "header" }, "level": 2 }, { "id": "p51.2", "order": 2, "type": "heading", "bbox": { "l": 69.6, "t": 693.36, "r": 435.36, "b": 679.92 }, "text": "NOTE 9 - OTHER POSTEMPLOYMENT BENEFITS PLANS (OPEB) (Continued)", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p51.3", "order": 3, "type": "text", "bbox": { "l": 68.88, "t": 669.84, "r": 541.92, "b": 621.6 }, "text": "Mortality rates were based on the RP-2000 Combined Mortality Table projected to 2025 with projection scale BB and set forward two years for males and one year for females is used for the period after service retirement and for dependent beneficiaries. The RP-2000 Disabled Mortality Table set forward two years for males and seven years for females is used for the period after disability retirement." }, { "id": "p51.4", "order": 4, "type": "text", "bbox": { "l": 69.12, "t": 612, "r": 541.92, "b": 575.76 }, "text": "The remaining actuarial assumptions (e.g. initial per capita costs, health care cost trends, rate of plan participation, rates of plan election, etc.) used in the June 30, 2017 valuation were based on a review of recent plan experience done concurrently with the June 30, 2017 valuation." }, { "id": "p51.5", "order": 5, "type": "text", "bbox": { "l": 68.88, "t": 566.4, "r": 541.92, "b": 506.64 }, "text": "The long-term expected rate of return on OPEB plan investments was determined using a log-normal distribution analysis in which best-estimate ranges of expected future real rates of return (expected returns, net of OPEB plan investment expense and inflation) are developed for each major asset class. These ranges are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation." }, { "id": "p51.6", "order": 6, "type": "text", "bbox": { "l": 70.08, "t": 497.28, "r": 541.2, "b": 472.8 }, "text": "The target allocation and best estimates of arithmetic real rates of return for each major asset class, as provided by TRS's investment consultant, are summarized in the following table:" }, { "id": "p51.7", "order": 7, "type": "table", "bbox": { "l": 85.92, "t": 469.44, "r": 532.08, "b": 336 }, "text": "", "attrs": { "block_label": "table", "n_rows": 2, "n_cols": 3, "integrity": { "cells_checked": 6, "cells_flagged": 0 } }, "children": [ { "id": "p51.7.1", "order": 8, "type": "table_cell", "bbox": { "l": 89.99772, "t": 455.83128, "r": 142.734924, "b": 446.61828 }, "text": "Asset Class", "attrs": { "row": 0, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p51.7.2", "order": 9, "type": "table_cell", "bbox": { "l": 333.95796, "t": 466.68084, "r": 377.16942, "b": 446.61828 }, "text": "Target Allocation", "attrs": { "row": 0, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p51.7.3", "order": 10, "type": "table_cell", "bbox": { "l": 437.40252, "t": 466.68084, "r": 525.763656, "b": 446.61828 }, "text": "Long-Term Nominal Rate of Return", "attrs": { "row": 0, "col": 2, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p51.7.4", "order": 11, "type": "table_cell", "bbox": { "l": 89.98776, "t": 432.90756, "r": 216.75864, "b": 337.89828 }, "text": "Global Equity\nFixed Income\nReal Estate\nPrivate Equity\nHigh Yield\nOther Additional Categories ^{{*}}\nCash (LIBOR)\nTotal", "attrs": { "row": 1, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } }, { "id": "p51.7.5", "order": 12, "type": "table_cell", "bbox": { "l": 357.9516, "t": 432.90756, "r": 386.85552, "b": 337.89828 }, "text": "60.0%\n9.0\n4.5\n5.5\n10.0\n10.0\n1.0\n100%", "attrs": { "row": 1, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } }, { "id": "p51.7.6", "order": 13, "type": "table_cell", "bbox": { "l": 471.47568, "t": 432.90756, "r": 494.125716, "b": 354.69828 }, "text": "5.1%\n1.2\n4.0\n6.6\n4.3\n3.3\n0.4", "attrs": { "row": 1, "col": 2, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } } ] }, { "id": "p51.8", "order": 14, "type": "text", "bbox": { "l": 68.88, "t": 303.6, "r": 542.16, "b": 221.28 }, "text": "Discount Rate - The discount rate used to measure the total OPEB liability was 8.00%. The projection of cash flows used to determine the discount rate assumed that plan member contributions will be made at the current contribution rates and 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." }, { "id": "p51.9", "order": 15, "type": "footnote", "bbox": { "l": 89.28, "t": 326.88, "r": 318.72, "b": 313.92 }, "text": "[p51.9.1]Modeled as 50% High Yield and 50% Bank Loans.", "attrs": { "block_label": "vision_footnote" }, "children": [ { "id": "p51.9.1", "order": 16, "type": "text", "bbox": { "l": 89.28, "t": 326.88, "r": 318.72, "b": 313.92 }, "text": "^{*}", "attrs": { "inline": true, "text_offset": 0, "text_span": 9, "bbox_estimated": true } } ] }, { "id": "p51.10", "order": 17, "type": "footer", "bbox": { "l": 278.88, "t": 70.32, "r": 332.88, "b": 58.08 }, "text": "(Continued)", "attrs": { "block_label": "footer" } }, { "id": "p51.11", "order": 18, "type": "footer", "bbox": { "l": 524.88, "t": 47.04, "r": 538.8, "b": 36.24 }, "text": "49.", "attrs": { "block_label": "number" } } ], "excluded_furniture": { "first": [], "last": [] } }