b'City of Dover Tuscarawas County, Ohio Notes to the Basic Financial Statements For the Year Ended December 31, 2019 Ohio Revised Code (ORC) limits the Citys obligation for these liabilities to annually required payments. The City cannot control benefit terms or the manner in which pensions are financed; however, the City does receive the benefit of employees services in exchange for compensation including pension and OPEB. GASB 68/75 assume the liabilities are solely the obligation of the employer, because (1) they benefit from employeeservices;and(2)Statestatuterequiresfundingtocomefromtheseemployers.Allpension contributions to date have come solely from these employers (which also includes pension costs paid in the formofwithholdingsfromemployees).Theretirementsystemsmayallocateaportionoftheemployer contributions to provide for these OPEB benefits. In addition, health care plan enrollees pay a portion of the health care costs in the form of a monthly premium.State statute requires the retirement systems to amortize unfunded pension liabilities within 30 years.If the pension amortization period exceeds 30 years, each retirement systems board must propose corrective action to the State legislature.Any resulting legislative change to benefits or funding could significantly affect the net pension/OPEB liabilities (asset). Resulting adjustmentstothenet pension/OPEB liabilities(asset)wouldbeeffectivewhenthechangesarelegally enforceable. The ORC permits, but does not require the retirement systems to provide healthcare to eligible benefit recipients.The proportionate share of each plans unfunded benefits is presented as a net pension asset or a long-term net pension/OPEB liability on the accrual basis of accounting.Any liability for the contractually-required pension/OPEB contribution outstanding at the end of the year is included in intergovernmental payable on both the accrual and modified accrual bases of accounting.The remainder of this note includes the required pension disclosures.See Note 16 for the required OPEB disclosures.Plan DescriptionOhio Public Employees Retirement SystemPlan DescriptionCity employees, other than full-time police and firefighters, participate in the Ohio Public Employees Retirement System (OPERS).OPERS administers three separate pension plans.The traditional pension plan is a cost-sharing, multiple-employer defined benefit pension plan.The member-directed plan is a defined contribution plan and the combined plan is a combination cost-sharing, multiple-employer defined benefit/defined contribution pension plan.OPERS provides retirement, disability, survivor and death benefits, and annual cost of living adjustments (COLA) to members of the traditional and combined plans.Authority to establish and amend benefits is provided by Chapter 145 of the Ohio Revised Code (ORC).OPERS issues a stand-alone financial report that includes financial statements, required supplementary information and detailed information about OPERS fiduciarynetpositionthatmaybeobtainedbyvisitinghttps://www.opers.org/financial/reports.shtml,by writing to the Ohio Public Employees Retirement System, 277 East Town Street, Columbus, Ohio 43215-4642, or by calling (800) 222-7377.Senate Bill (SB) 343 was enacted into law with an effective date of January 7, 2013. In the legislation, members in the traditional and combined plans were categorized into three groups with varying provisions of the law applicable to each group.The following table provides age and service requirements for retirement and the retirement formula applied to final average salary (FAS) for the three member groups under the traditional and combined plans as per the reduced benefits adopted by SB 343 (see OPERS annual financial report referenced previously for additional information, including requirements for reduced and unreduced benefits):- 57 57 -'