KENTUCKY STATE UNIVERSITY SCHEDULE OF THE UNIVERSITY'S PROPORTIONATE SHARE OF THE NET OPEB LIABILITY KENTUCKY TEACHERS' RETIREMENT SYSTEM JUNE 30, 2023 (AMOUNTS IN THOUSANDS) (SEE INDEPENDENT AUDITORS' REPORT)

2023 2022 2021 2020 2019 2018

Proportion of the Net OPEB Liability $ 5,980 $ 3,674 $ 4,350 $ 5,053 $ 5,626 $ 5,880

State's Proportionate Share of the Net OPEB Liability 368 1,627 1,918 2,198 2,700 2,630

Total $ 6,348 $ 5,301 $ 6,268 $ 7,251 $ 8,326 $ 8,510

Proportionate Share of the Net OPEB Liability 0.13 % 0.17 % 0.17 % 0.30 % 0.16 % 0.16 %

Covered Payroll $ 11,744 $ 13,060 $ 12,222 $ 11,429 $ 10,894 $ 11,832

Proportionate Share of the Net OPEB Liability as a Share of its Covered Employee Payroll 50.92% 28.13 % 35.59 % 44.21 % 51.64 % 49.70 %

Plan Fiduciary Net Position as a Percentage of Total OPEB Liability 81.70% 51.74 % 39.05 % 32.58 % 25.50 % 21.18 %

Note: This table represents data that is one year in arrears. These are 10 year schedules. However, the information in this schedule is not required to be presented retroactively. Years will be added to this schedule in future fiscal years until 10 years of information is available.

Changes in Assumptions and Benefit Terms

The health care trend rates were updated to reflect future anticipated experience. A new benefit tier was added for members joining the System on and after January 1, 2022.

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