{ "document_id": 16540, "page": 35, "width_pt": 612, "height_pt": 792, "rotation": 0, "pipeline_version": "paddleocr-vl-1.6+paul-48", "engine": "paddleocr_vl", "source_run_id": 16651, "item_count": 21, "counts_by_type": { "footer": 2, "heading": 1, "table": 2, "table_cell": 10, "text": 5, "title": 1 }, "build_ms": 4, "items": [ { "id": "p35.1", "order": 1, "type": "title", "bbox": { "l": 215.52, "t": 763.68, "r": 395.76, "b": 728.16 }, "text": "KENTUCKY STATE UNIVERSITY\nNOTES TO FINANCIAL STATEMENTS\nJune 30, 2019", "attrs": { "block_label": "doc_title" }, "level": 2 }, { "id": "p35.2", "order": 2, "type": "heading", "bbox": { "l": 69.6, "t": 693.6, "r": 348.96, "b": 679.92 }, "text": "NOTE 9 – DEFINED BENEFIT PENSION PLANS (Continued)", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p35.3", "order": 3, "type": "text", "bbox": { "l": 68.88, "t": 670.08, "r": 541.92, "b": 621.6 }, "text": "At June 30, 2019, the University reported $1,864,909 as deferred outflows of resources related to pensions resulting from University contributions subsequent to the measurement date that will be recognized as a reduction of the net pension liability in the following fiscal year. Deferred outflows and deferred inflows of resources at June 30, 2019, related to pensions will be recognized in pension expense as follows:" }, { "id": "p35.4", "order": 4, "type": "table", "bbox": { "l": 135.6, "t": 602.88, "r": 538.8, "b": 522 }, "text": "", "attrs": { "block_label": "table", "n_rows": 2, "n_cols": 3, "integrity": { "cells_checked": 5, "cells_flagged": 0 } }, "children": [ { "id": "p35.4.1", "order": 5, "type": "table_cell", "bbox": { "l": 135.6, "t": 602.88, "r": 270, "b": 589.4 }, "text": "", "attrs": { "row": 0, "col": 0, "rowspan": 1, "colspan": 1 } }, { "id": "p35.4.2", "order": 6, "type": "table_cell", "bbox": { "l": 383.51892, "t": 598.5112799999999, "r": 453.416208, "b": 589.29828 }, "text": "Non-Hazardous", "attrs": { "row": 0, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p35.4.3", "order": 7, "type": "table_cell", "bbox": { "l": 479.88192, "t": 598.5112799999999, "r": 528.05346, "b": 589.29828 }, "text": "Hazardous", "attrs": { "row": 0, "col": 2, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p35.4.4", "order": 8, "type": "table_cell", "bbox": { "l": 144.00084, "t": 577.8712800000001, "r": 166.11204, "b": 534.0982799999999 }, "text": "2020\n2021\n2022\n2023", "attrs": { "row": 1, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } }, { "id": "p35.4.5", "order": 9, "type": "table_cell", "bbox": { "l": 410.64996, "t": 577.8712800000001, "r": 453.33852, "b": 522.57828 }, "text": "$ 4,250\n(366,242)\n(61,189)\n(19,174)\n$ (442,355)", "attrs": { "row": 1, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } }, { "id": "p35.4.6", "order": 10, "type": "table_cell", "bbox": { "l": 494.88168, "t": 577.8712800000001, "r": 534.327264, "b": 522.57828 }, "text": "$ 341,507\n203,464\n(3,753)\n(5,243)\n$ 535,975", "attrs": { "row": 1, "col": 2, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } } ] }, { "id": "p35.5", "order": 11, "type": "text", "bbox": { "l": 69.84, "t": 511.44, "r": 541.44, "b": 475.2 }, "text": "Actuarial assumptions - The total pension liability for KERS was determined by applying procedures to the actuarial valuation as of June 30, 2018, using the following actuarial assumptions, applied to all periods included in the measurement." }, { "id": "p35.6", "order": 12, "type": "table", "bbox": { "l": 104.16, "t": 465.84, "r": 521.28, "b": 394.56 }, "text": "", "attrs": { "block_label": "table", "n_rows": 2, "n_cols": 2, "integrity": { "cells_checked": 3, "cells_flagged": 0 } }, "children": [ { "id": "p35.6.1", "order": 13, "type": "table_cell", "bbox": { "l": 104.16, "t": 465.84, "r": 312.72, "b": 451.584 }, "text": "", "attrs": { "row": 0, "col": 0, "rowspan": 1, "colspan": 1 } }, { "id": "p35.6.2", "order": 14, "type": "table_cell", "bbox": { "l": 486.2364, "t": 462.79128, "r": 508.32768, "b": 453.57828 }, "text": "2018", "attrs": { "row": 0, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true } }, { "id": "p35.6.3", "order": 15, "type": "table_cell", "bbox": { "l": 107.99004, "t": 439.86756, "r": 303.015804, "b": 396.0834 }, "text": "Inflation\nSalary increases, average including inflation\nInvestment rate of return, non-hazardous\nInvestment rate of return, hazardous", "attrs": { "row": 1, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } }, { "id": "p35.6.4", "order": 16, "type": "table_cell", "bbox": { "l": 489.47796, "t": 439.86756, "r": 517.645836, "b": 396.0834 }, "text": "2.30%\n3.05\n5.25\n6.25", "attrs": { "row": 1, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } } ] }, { "id": "p35.7", "order": 17, "type": "text", "bbox": { "l": 68.4, "t": 384.96, "r": 541.68, "b": 324.24 }, "text": "The mortality table used for active members is RP-2000 Combined Mortality Table projected with Scale BB to 2013, multiplied by 50% for males and 30% for females. For healthy retired members and beneficiaries, the mortality table used is the RP-2000 Combined Mortality Table projected with Scale BB to 2013, set back one year for females. For disabled members, the RP-2000 Combined Disabled Mortality Table projected with Scale BB to 2013, set back 4 years for males, is used for the period after disability retirement." }, { "id": "p35.8", "order": 18, "type": "text", "bbox": { "l": 68.64, "t": 315.84, "r": 541.68, "b": 278.64 }, "text": "The long-term expected rate of return was determined using a building-block method in which best-estimate ranges of expected future real rates of returns are developed for each asset class. The ranges are combined by weighting the expected future real estate of return by the target asset allocation percentage." }, { "id": "p35.9", "order": 19, "type": "text", "bbox": { "l": 68.4, "t": 269.52, "r": 542.16, "b": 233.52 }, "text": "The net pension liability as of June 30, 2018 is based on the June 30, 2017 actuarial valuation rolled-forward. Deferred outflows and inflows related to differences between projected and actual earnings on plan investments are netted and amortized over a closed five-year period." }, { "id": "p35.10", "order": 20, "type": "footer", "bbox": { "l": 278.88, "t": 70.56, "r": 332.88, "b": 58.08 }, "text": "(Continued)", "attrs": { "block_label": "footer" } }, { "id": "p35.11", "order": 21, "type": "footer", "bbox": { "l": 524.64, "t": 47.28, "r": 538.8, "b": 35.52 }, "text": "33.", "attrs": { "block_label": "number" } } ], "excluded_furniture": { "first": [], "last": [] } }