KENTUCKY STATE UNIVERSITY
NOTES TO FINANCIAL STATEMENTS
(Continued)
June 30, 2021
| Current Healthcare |
| 1% Decrease | Cost Trend Rate | 1% Increase |
|---|
| $ 6,816,670 | $ 8,099,015 | $ 9,652,243 |
The University's Net OPEB liability - Non-hazardous
The following presents The University's allocated portion of the Hazardous net OPEB liability of the System, calculated using the discount rate of 5.28%, as well as what the University's allocated portion of the System's net OPEB liability would be if it were calculated using a discount rate that is 1-percentage-point lower (4.28%) or 1-percentage-point higher (6.28%) than the current rate for Hazardous:
| Current |
| 1% Decrease (4.28%) | Discount Rate Rate (5.28 %) | 1% Increase (6.28%) |
|---|
| $ 76,438 | $ 25,912 | $ (14,740) |
The University's Net OPEB liability - Non-hazardous
The following presents the University's allocated portion of the Hazardous net OPEB liability of the System, calculated using the healthcare cost trend rate of percent, as well as what the University's allocated portion of the System's net OPEB liability would be if it were calculated using a healthcare cost trend rate that is 1-percentage-point lower or 1-percentage-point higher than the current rate for Hazardous:
| Current Healthcare |
| 1% Decrease | Cost Trend Rate | 1% Increase |
|---|
| $ (12,143) | $ 25,912 | $ 72,506 |
The University's Net OPEB liability - Non-hazardous
50.