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            "text": "Dubuque County\nNotes to Required Supplementary Information – Pension Liability\nYear Ended June 30, 2023",
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            "text": "Changes of Benefit Terms",
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            "text": "There are no significant changes in benefit terms."
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            "text": "Changes of Assumptions",
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            "text": "The 2022 valuation incorporated the following refinements after a quadrennial experience study:"
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                    "text": "Changed mortality assumptions to the PubG-2010 mortality tables with mortality improvements modeled using Scale MP-2021.",
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                    "text": "Adjusted retirement rates for Regular members.",
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                    "text": "Lowered disability rates for Regular members.",
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            "text": "The 2018 valuation implemented the following refinements as a result of a demographic assumption study dated June 28, 2018:"
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                    "text": "Adjusted the probability of a vested Regular member electing to receive a deferred benefit.",
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                    "text": "Adjusted the merit component of the salary increase assumption.",
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            "text": "The 2017 valuation implemented the following refinements as a result of an experience study dated March 24, 2017:",
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                    "text": "Decreased the inflation assumption from 3.00% to 2.60%.",
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                    "text": "Decreased the assumed rate of interest on member accounts from 3.75% to 3.50% per year.",
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                    "text": "Decreased the discount rate from 7.50% to 7.00%.",
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                    "text": "Decreased the payroll growth assumption from 4.00% to 3.25%.",
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            "text": "The 2014 valuation implemented the following refinements as a result of a quadrennial experience study:",
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                    "text": "Moved from an open 30-year amortization period to a closed 30-year amortization period for the UAL (unfunded actuarial liability) beginning June 30, 2014. Each year thereafter, changes in the UAL from plan experience will be amortized on a separate closed 20-year period.",
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