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6.G. - Pagf Redwood 187 <br />City <br />Notes to the Basic Financial Statements <br />For the fiscal year ended June 30, 2018 <br />NOTE 9 — EMPLOYEE BENEFITS (CONTINUED) <br />B. Post Employment Benefits, Continued <br />Changes in the OPEB Liability <br />The changes in the net OPEB liability for the OPEB Plan are as follows: <br />Increase (Decrease) <br />Total Pension Plan Fiduciary Net Pension <br />Liabilitv Net Position Liabilitv/(Asset) <br />Balance at June 30, 2017 <br />(Mea s urement date 06/30/2016) $ <br />698,077 $ <br />$ 698,077 <br />Changes in the year: <br />Service cost <br />14,623 <br />14,623 <br />Interest <br />20,261 <br />20,261 <br />Assumption changes <br />(68,366) <br />(68,366) <br />Benefit payments <br />(8,400) <br />(8,400) <br />Net changes <br />(41,882) <br />(41,882) <br />Balance at June 30, 2018 <br />(Measurement date 06/30/2017) $ <br />656,195 $ <br />$ 656,195 <br />Sensitivity of the Net OPEB Liability to Changes in the Discount Rate <br />The following presents the net OPEB liability of the Port if it were calculated using a discount rate that is <br />one percentage point lower or one percentage point higher than the current rate, for measurement <br />period ended June 30, 2017: <br />Current <br />1% Decrease Discount Rate 1% Increase <br />(2.56%) (3.56%) (4.56%) <br />Net OPEB Liability $ 767,778 $ 656,195 $ 567,444 <br />Sensitivity of the Net OPEB Liability to Changes in the Health Care Cost Trend Rates <br />The following presents the net OPEB liability of the Port if it were calculated using health care cost trend <br />rates that are one percentage point lower or one percentage point higher than the current rate, for <br />measurement period ended June 30, 2017: <br />Current <br />1% Decrease Trend Rate 1% Increase <br />5.0% to 7.0% 6.0% to 8.0% 7.0% to 9.0% <br />Net OPEB Liability $ 569,745 $ 656,195 $ 763,353 <br />79 285 <br />