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Plan Liabilities <br /> GASB 75 Liabilities <br /> The following table compares the liabilities calculated as of the current valuation date under <br /> GASB 75 and the prior valuation date under GASB 45. <br /> . . . � . � - . • � , t�� , _ .. :�_tN.���,. . � <br /> 1. Valuation Date January 1,2018 January 1,2015 <br /> 2. Discount rate 3.30% 4.00% <br /> 3. Medical trend rate <br /> a. Current year 6.50% 7•25% i <br /> b. Ultimate year 5.00% 5.00% I <br /> c. Years to ultimate trend rate 6 9 i <br /> 4. Present value of bene�ts $ 585,637 $ 299,867 <br /> 5. Accrued liability(Total OPEB Liability) ' <br /> a. Split by implicit rate liability vs.direct � <br /> subsidy liability I <br /> i. Implicit rate liability 94,413 72,555 II <br /> ii. Direct subsidized liability 23,570 21.991 I <br /> iii. Total 117,983 94,546 I' <br /> b. Split by status <br /> i. Actives 117,983 94,546 <br /> ii. Retirees and beneficiaries 0 0 li <br /> iii. Total 117,983 94,546 � <br /> 6. Service Cost 27,550 14,601 <br /> 7. Estimated net benefit payments <br /> a. Actives(from expected retirements) 270 117 <br /> b. Retirees and beneficiaries 0 0 <br /> c. Total 270 117 <br /> i <br /> City of Pequot Lakes �i <br /> Page 9 I <br />