teacher retiree ends when the retiree is eligible for Medicare. The following table shows the
Explicit and Implicit Liability amounts:
Explicit Implicit Totals
Current Retirees $ 0.1 million $ 8.5 million $ 8.6 million
Future Retirees 4.9 million 41.5 million 46.4 million
Totals $ 5.0 million $ 50.0 millon $ 455.0 million
Sensitivity of the Total OPEB Liability to Changes in the Discount Rate
The following presents the total OPEB liability calculated using the current discount rate
of 2.19%, as well as what the total OPEB liability would be if it were calculated using a
discount rate that is one percentage-point lower or one percentage-point higher than the
current discount rate:
Current
1% Discount I%
Decrease Rate Increase
$ 59,997,794 $ 55,008,094 $ 50,485,216
Sensitivity of the Total OPEB Liability to Changes in the Healthcare Cost Trend Rates
The following presents the total OPEB liability calculated using the current healthcare cost
trend rates of 7.50%, as well as what the total OPEB liability would be if it were calculated
using healthcare cost trend rates that are one percentage-point lower or one percentage-
point higher than the current healthcare cost trend rates:
Current
Healthcare
1% Cost Trend 1%
Decrease Rates Increase
$48,430,670 $55,008,094 $62,800,198
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