b"City of Dover Tuscarawas County, Ohio Notes to the Basic Financial Statements For the Year Ended December 31, 2018 Accordingly,themoney-weightedrateofreturnisconsideredtobethesameforallplanswithinthe portfolio.The annual money-weighted rate of return expressing investment performance, net of investment expenses and adjusted for the changing amounts actually invested, for the Defined Benefit portfolio was 16.82 percent for 2017.The allocation of investment assets with the Defined Benefit portfolio is approved by the Board of Trustees as outlined in the annual investment plan.Plan assets are managed on a total return basis with a long-term objective of achieving and maintaining a fully funded status for the benefits provided through the defined benefit pension plans.The table that follows displays the Board-approved asset allocation policy for 2017 and the long-term expected real rates of return:Weighted AverageLong-Term ExpectedTarget Real Rate of ReturnAsset Class Allocation (Arithmetic)Fixed Income 23.00 % 2.20 %Domestic Equities 19.00 6.37Real Estate 10.00 5.26Private Equity 10.00 8.97International Equities 20.00 7.88Other investments 18.00 5.26Total 100.00 % 5.66 %DiscountRateThediscountrateusedtomeasurethetotalpensionliabilitywas7.5percentforthe traditional plan and the combined plan.The projection of cash flows used to determine the discount rate assumedthatcontributionsfromplanmembersandthoseofthecontributingemployersaremadeatthe contractually required rates, as actuarially determined.Based on those assumptions, the pension plans fiduciary netpositionwasprojectedtobeavailabletomakeallprojectedfuturebenefitspaymentsofcurrentplan members; therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability.SensitivityoftheCitysProportionateShareoftheNetPensionLiability(Asset)toChangesinthe Discount RateThe following table presents the Citys proportionate share of the net pension liability (asset) calculatedusingthecurrentperioddiscountrateassumptionof7.5percent,aswellaswhattheCitys proportionate share of the net pension liability (asset) would be if it were calculated using a discount rate that is one percentage point lower (6.5 percent) or one percentage point higher (8.5 percent) than the current rate: Current1% Decrease Discount Rate 1% Increase(6.50%) (7.50%) (8.50%)City's proportionate share of the net pension liability (asset):OPERS Traditional Plan $14,298,676 $8,052,211 $2,844,542OPERS Combined Plan (51,599) (94,922) (124,813) - 63 64 -"