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Events &Decisions <br /> Plan Experience: <br /> There was a liability loss due to updated census data,a liability loss due to claims and premiums <br /> higher than expected,and a liability gain due to updating the eligibility for the post-employment <br /> medical subsidized benefit for the Law Enforcement Personnel to reflect the hire date provision of <br /> January 1, 2013. <br /> Plan Changes: None. <br /> Assumption Changes: <br /> • The health care trend rates were changed to better anticipate short term and long term <br /> medical increases. <br /> • The mortality tables were updated from the RP-2014 White Collar Mortality Tables with MP- <br /> 2017 Generational Improvement Scale to the Pub-2010 Public Retirement Plans General <br /> Headcount-Weighted Mortality Tables with MP-2019 Generational Improvement Scale. <br /> • The salary increase rates were changed from a flat 3.00% per year for all employees to rates <br /> which vary by service and contract group. <br /> • The discount rate was changed from 3.80%to 2.90%. <br /> • These changes decreased the liability$5,717. <br /> Method Changes: None. <br /> City of Pequot Lakes <br /> Page 5 <br />