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            "text": "Dubuque County\nNotes to Financial Statements\nJune 30, 2023",
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            "text": "Retired participants must be age 55 or older at retirement. At June 30, 2023, the following employees were covered by the benefit terms:"
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                    "text": "Inactive employees or beneficiaries receiving benefit payments\nActive employees",
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                    "text": "14\n327",
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                    "text": "Total",
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                    "text": "341",
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            "text": "Total OPEB Liability – The County’s total OPEB liability of $2,148,500 was measured as of June 30, 2023 and was determined by an actuarial valuation as of June 30, 2022."
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            "text": "Actuarial Assumptions – The total OPEB liability in the June 30, 2023 interim actuarial valuation was determined using the following actuarial assumptions and the entry age normal actuarial cost method, applied to all periods included in the measurement."
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            "text": "Rate of inflation\n(effective June 30, 2021) 2.60% per annum"
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            "text": "Rates of salary increase (effective June 30, 2021) 3.25% per annum including inflation"
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            "text": "Discount rate\n(effective June 30, 2023)\nHealthcare cost trend rate\n(effective June 30, 2023)\n4.13% compounded annually including inflation\n7.00% initial rate decreasing by 0.5% annually to an ultimate rate of 4.50%"
        },
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            "text": "Discount Rate – The discount rate used to measure the total OPEB liability was 4.13% which reflects the index rate for 20-year tax-exempt general obligation municipal bonds with an average rating of AA/Aa or higher as of the measurement date."
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            "text": "Mortality rates are from the SOA Public Plan 2010 tables. Annual retirement probabilities are based on varying rates by age and turnover probabilities mirror those used by IPERS."
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            "text": "The actuarial assumptions used in the June 30, 2023 interim valuation were based on the results of an actuarial experience study with dates corresponding to those listed above."
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