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            "text": "KENTUCKY STATE UNIVERSITY\nNOTES TO FINANCIAL STATEMENTS\nJune 30, 2019",
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            "text": "NOTE 10 - OTHER POSTEMPLOYMENT BENEFITS PLANS (OPEB) (Continued)",
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            "text": "Of the total amount reported as deferred outflows of resources related to OPEB, $4,013 resulting from University contributions subsequent to the measurement date and before the end of the fiscal year will be included as a reduction of the collective net OPEB liability in the year ended June 30, 2020. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized in the University's OPEB expense as follows:"
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                    "text": "Year ended June 30:",
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                    "text": "2020\n2021\n2022\n2023\n2024",
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                    "text": "$",
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                    "text": "9,000\n9,000\n9,000\n5,000\n1,000",
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                    "text": "Thereafter",
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                    "text": "31,000",
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            "text": "Actuarial Assumptions – The total OPEB liability in the June 30, 2018 actuarial valuation was determined using the following actuarial assumptions, applied to all periods included in the measurement:"
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                            "text": "7.50%, net of OPEB plan investment expense, including infla…"
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                    "text": "Investment rate of return",
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                    "text": "7.50%, net of OPEB plan investment expense, including inflation.",
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                    "text": "Projected salary increases\nInflation rate\nReal Wage Growth\nWage Inflation\nSalary increases\nMunicipal Bond Index Rate",
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                    "text": "3.50 – 7.20%, including inflation\n3.00%\n0.50%\n3.50%\n3.50% - 7.20%, including inflation\n3.89%",
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                    "text": "Discount Rate",
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                    "text": "7.50%",
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                    "text": "Single Equivalent Interest Rate",
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                    "text": "7.50%, net of OPEB plan investment expense, including inflation.",
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            "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. The demographic actuarial assumptions for retirement, disability incidence, withdrawal, rates of plan participation, and rates of plan election used in the June 30, 2017 valuation were based on the results of the most recent actuarial experience studies for the System, which covered the five-year period ending June 30, 2015."
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            "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."
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            "text": "(Continued)",
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