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6.G. - Page 128 of 187 <br />NOTE 3 — POST -EMPLOYMENT BENEFITS <br />A. Schedule of Changes in the Net OPEB liability and Related Ratios, Continued <br />Port of Redwood <br />Measurement Period 2017 <br />Total OPEB Liability <br />Service Cost $ 14,623 <br />Interest on the total OPEB liability 20,261 <br />Differences between expected and actual experience - <br />Changes of assumptions (68,366) <br />Benefit paymens, including refunds of employee contributions (8,400) <br />Net change in total OPEB liability (41,882) <br />Total OPEB liability - beginning 698,077 <br />Total OPEB liability - ending (a) $ 656,195 <br />Plan Fiduciary Net Position <br />Contributions - employer $ Net investment income - <br />Benefit payments, including refunds of employee contributions - <br />Administrative expense <br />Net change in plan fiduciary net position - <br />Plan fiduciary net position - beginning - <br />Plan fiduciary net position - ending (b) $ - <br />Net OPEB liability/(asset) - ending (a) - (b) $ 656,195 <br />Plan fiduciary net position as a percentage of the total OPEB liability 0.0% <br />Covered -employee payroll 754,684 <br />Net OPEB liability as a percentage of covered -employee payroll 86.9% <br />Notes to Schedule: <br />Changes in assumptions. Average per capita claims cost was updated to reflect actual 2017 premiums, the health care cost trend <br />rate was updated to reflect 2018 industry survey data, and the mortality table was updated to relfect the most recent CalPERS <br />studies. <br />Historical information is required only for measurement periods for which GASB 75 is applicable. Future years' information will be <br />displayed up to 10 years as information becomes avialable. <br />101 307 <br />