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Projected Benefit Payments
<br />The Projected Benefit Payments are based on the assumptions, plan provisions, and participant data
<br />as of January 1, 2012. The Projected Benefit Payments are prepared on a closed group basis (i.e. no
<br />new entrants.)
<br />Note: The subsidized payment projections are estimates. When preparing the Net OPEB Obligation (NOD) for disclosures, the
<br />actual subsidized payments that were made for the fiscal year from the City of Pequot Lakes General Fund should be used in
<br />calculating the amount of annual employer contribution. Please contact Hildi Inc, for review of your NOD development.
<br />City of Pequot Lakes
<br />Page 9
<br />Projected Net Benefit Payments
<br />Projected Net Benefit Payments
<br />Year
<br />Implicit
<br />Year
<br />Implicit
<br />Beg.
<br />Subsidy
<br />Subsidized
<br />Beg.
<br />Subsidy
<br />Subsidized
<br />111
<br />Only
<br />Payments
<br />Total
<br />111
<br />Only
<br />Payments
<br />Total
<br />2012
<br />157
<br />0
<br />157
<br />2037
<br />28,561
<br />8,501
<br />37,062
<br />2013
<br />288
<br />0
<br />288
<br />2038
<br />30,465
<br />5,719
<br />36,184
<br />2014
<br />526
<br />0
<br />526
<br />2039
<br />32,312
<br />3,764
<br />36,076
<br />2015
<br />756
<br />0
<br />756
<br />2040
<br />33,950
<br />2,405
<br />36,355
<br />2016
<br />1,111
<br />0
<br />1,111
<br />2041
<br />35,616
<br />1,675
<br />37,291
<br />2017
<br />2,533
<br />947
<br />3,480
<br />2042
<br />37,160
<br />891
<br />38,051
<br />2018
<br />3,795
<br />1,643
<br />5,438
<br />2043
<br />37,647
<br />518
<br />38,165
<br />2019
<br />5,572
<br />2,908
<br />8,480
<br />2044
<br />19,100
<br />126
<br />19,226
<br />2020
<br />6,762
<br />2,539
<br />9,301
<br />2045
<br />19,896
<br />33
<br />19,929
<br />2021
<br />7,536
<br />2,489
<br />10,025
<br />2046
<br />0
<br />0
<br />0
<br />2022
<br />6,987
<br />2,331
<br />9,318
<br />2047
<br />0
<br />0
<br />0
<br />2023
<br />8,262
<br />3,101
<br />11,363
<br />2048
<br />0
<br />0
<br />0
<br />2024
<br />10,665
<br />4,607
<br />15,272
<br />2049
<br />0
<br />0
<br />0
<br />2025
<br />12,830
<br />4,352
<br />17,182
<br />2050
<br />0
<br />0
<br />0
<br />2026
<br />16,577
<br />5,502
<br />22,079
<br />2051
<br />0
<br />0
<br />0
<br />2027
<br />19,193
<br />6,160
<br />25.353
<br />2052
<br />0
<br />0
<br />0
<br />2028
<br />19,438
<br />4,761
<br />24,199
<br />2053
<br />0
<br />0
<br />0
<br />2029
<br />11,761
<br />2,915
<br />14,676
<br />2054
<br />0
<br />0
<br />0
<br />2030
<br />14,738
<br />3,685
<br />18,423
<br />2055
<br />0
<br />0
<br />0
<br />2031
<br />19,951
<br />9,703
<br />29,654
<br />2056
<br />0
<br />0
<br />0
<br />2032
<br />25,340
<br />15,417
<br />40,757
<br />2057
<br />0
<br />0
<br />0
<br />2033
<br />30,559
<br />20,457
<br />51,016
<br />2058
<br />0
<br />0
<br />0
<br />2034
<br />35,265
<br />19,188
<br />54,453
<br />2059
<br />0
<br />0
<br />0
<br />2035
<br />39,623
<br />17,835
<br />57,458
<br />2060
<br />0
<br />0
<br />0
<br />2036
<br />43,398
<br />14,093
<br />57,491
<br />2061
<br />0
<br />0
<br />0
<br />Note: The subsidized payment projections are estimates. When preparing the Net OPEB Obligation (NOD) for disclosures, the
<br />actual subsidized payments that were made for the fiscal year from the City of Pequot Lakes General Fund should be used in
<br />calculating the amount of annual employer contribution. Please contact Hildi Inc, for review of your NOD development.
<br />City of Pequot Lakes
<br />Page 9
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