| Hazardous: | Target | Long-Term Nominal |
|---|---|---|
| Asset Class | Allocation | Rate of Return |
| U.S. Equity | 16.25 % | 5.70 % |
| International Equity | 16.25 | 6.35 |
| Core Bonds | 20.50 | 0.00 |
| Specialty Credit/High Yield | 15.00 | 2.80 |
| Real Estate | 10.00 | 5.40 |
| Real Return | 10.00 | 4.55 |
| Private Equity | 7.00 | 9.70 |
| Cash Equivalents | 5.00 | (0.60) |
| Total | 100 % | |
| Nonhazardous: | Target | Long-Term Nominal |
| Asset Class | Allocation | Rate of Return |
| U.S. Equity | 21.75 % | 5.70 % |
| International Equity | 21.75 | 6.35 |
| Core Bonds | 10.00 | 0.00 |
| Specialty Credit/High Yield | 15.00 | 2.80 |
| Real Estate | 10.00 | 5.40 |
| Real Return | 10.00 | 4.55 |
| Private Equity | 10.00 | 9.70 |
| Cash Equivalents | 1.50 | (0.60) |
| Total | 100 % |
Changes Since Measurement Date - There were no changes between the measurement date of the collective net pension liability and the employer's reporting date.
Discount rate - The discount rate used to measure the total pension liability was 5.25% (Nonhazardous) and 6.25% (Hazardous). The projection of cash flows used to determine the discount rate assumed that contributions from plan members and employers will be made at the actuarially determined contribution rate. Based on those assumptions, the pension plan's fiduciary net position and future contributions were projected to be available to make all projected future benefit payments of current plan members. Therefore, the long term expected rate of return on pension
52.