{ "document_id": 16538, "page": 52, "width_pt": 612, "height_pt": 792, "rotation": 0, "pipeline_version": "paddleocr-vl-1.6+paul-48", "engine": "paddleocr_vl", "source_run_id": 16649, "item_count": 15, "counts_by_type": { "footer": 2, "heading": 1, "table": 1, "table_cell": 6, "text": 4, "title": 1 }, "build_ms": 3, "items": [ { "id": "p52.1", "order": 1, "type": "title", "bbox": { "l": 216.24, "t": 763.44, "r": 395.76, "b": 728.4 }, "text": "KENTUCKY STATE UNIVERSITY\nNOTES TO FINANCIAL STATEMENTS\nJune 30, 2020", "attrs": { "block_label": "doc_title" }, "level": 2 }, { "id": "p52.2", "order": 2, "type": "heading", "bbox": { "l": 69.84, "t": 693.12, "r": 443.52, "b": 679.68 }, "text": "NOTE 10 – OTHER POSTEMPLOYMENT BENEFITS PLANS (OPEB) (Continued)", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p52.3", "order": 3, "type": "text", "bbox": { "l": 68.64, "t": 669.84, "r": 542.16, "b": 575.52 }, "text": "Benefits Provided - To be eligible for medical benefits, the member must have retired either for service or disability. The KTRS Medical Insurance Fund offers coverage to members under the age of 65 through the Kentucky Employees Health Plan administered by the Kentucky Department of Employee Insurance. KTRS retired members are given a supplement to be used for payment of their health insurance premium. The amount of the member's supplement is based on a contribution supplement table approved by the KTRS Board of Trustees. The retired member pays premiums in excess of the monthly supplement. Once retired members and eligible spouses attain age 65 and are Medicare eligible, coverage is obtained through the KTRS Medicare Eligible Health Plan." }, { "id": "p52.4", "order": 4, "type": "text", "bbox": { "l": 68.4, "t": 566.4, "r": 542.88, "b": 472.56 }, "text": "Contributions - In order to fund the post-retirement healthcare benefit, seven and one-half percent (7.50%) of the gross annual payroll of members is contributed. Three percent (3.75%) is paid by member contributions and three quarters percent (0.75%) from state appropriation and three percent (3.00%) from the employer. The state contributes the net cost of health insurance premiums for members who retired on or after July 1, 2010 who are in the non-Medicare eligible group. Also, the premiums collected from retirees as described in the plan description and investment interest help meet the medical expenses of the plan. For the year ended June 30, 2020, the University contributed $304,439 to the KTRS medical insurance plan." }, { "id": "p52.5", "order": 5, "type": "text", "bbox": { "l": 68.4, "t": 462.96, "r": 543.6, "b": 379.2 }, "text": "OPEB Liabilities, OPEB Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEBs - At June 30, 2020, the University reported a liability of $4,927,000 for its proportionate share of the collective net OPEB liability that reflected a reduction for state OPEB support provided to the University. The collective net OPEB liability was measured as of June 30, 2019, and the total OPEB liability used to calculate the collective net OPEB liability was based on a projection of the University's long-term share of contributions to the OPEB plan relative to the projected contributions of all participating employers, actuarially determined. At June 30, 2020, the University's proportion was .16%." }, { "id": "p52.6", "order": 6, "type": "text", "bbox": { "l": 68.88, "t": 370.8, "r": 542.16, "b": 335.04 }, "text": "The amount recognized by the University as its proportionate share of the OPEB liability, the related State support, and the total portion of the net OPEB liability that was associated with the University were as follows:" }, { "id": "p52.7", "order": 7, "type": "table", "bbox": { "l": 86.88, "t": 325.68, "r": 452.88, "b": 264.72 }, "text": "", "attrs": { "block_label": "table", "n_rows": 3, "n_cols": 2, "integrity": { "cells_checked": 6, "cells_flagged": 0 } }, "children": [ { "id": "p52.7.1", "order": 8, "type": "table_cell", "bbox": { "l": 90.00108, "t": 322.555908, "r": 338.422932, "b": 313.287408 }, "text": "University's proportionate share of the net OPEB liability", "attrs": { "row": 0, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p52.7.2", "order": 9, "type": "table_cell", "bbox": { "l": 405.477774, "t": 322.555908, "r": 449.966574, "b": 313.287408 }, "text": "$ 4,927,000", "attrs": { "row": 0, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p52.7.3", "order": 10, "type": "table_cell", "bbox": { "l": 90.00108, "t": 311.035914, "r": 285.032364, "b": 290.24742 }, "text": "State's proportionate share of the net OPEB liability associated with the University", "attrs": { "row": 1, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p52.7.4", "order": 11, "type": "table_cell", "bbox": { "l": 405.541902, "t": 299.51592, "r": 450.036714, "b": 290.24742 }, "text": "2,198,000", "attrs": { "row": 1, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p52.7.5", "order": 12, "type": "table_cell", "bbox": { "l": 108.003864, "t": 276.534366, "r": 130.278324, "b": 267.26586599999996 }, "text": "Total", "attrs": { "row": 2, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p52.7.6", "order": 13, "type": "table_cell", "bbox": { "l": 405.492654, "t": 276.534366, "r": 450.008508, "b": 267.26586599999996 }, "text": "$ 7,125,000", "attrs": { "row": 2, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } } ] }, { "id": "p52.8", "order": 14, "type": "footer", "bbox": { "l": 278.64, "t": 70.56, "r": 333.12, "b": 58.08 }, "text": "(Continued)", "attrs": { "block_label": "footer" } }, { "id": "p52.9", "order": 15, "type": "footer", "bbox": { "l": 524.64, "t": 47.28, "r": 539.52, "b": 35.76 }, "text": "50.", "attrs": { "block_label": "number" } } ], "excluded_furniture": { "first": [], "last": [] } }