b"City of Dover Tuscarawas County, Ohio Notes to the Basic Financial Statements For the Year Ended December 31, 2019 employers are made at the contractually required rates, as actuarially determined.Based on those assumptions, the pension plans fiduciary net position was projected to be available to make all projected future benefits paymentsofcurrentplanmembers;therefore,thelong-termexpectedrateofreturnonpensionplan investments for the traditional pension plan, combined plan and member-directed plan 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) calculatedusingthecurrentperioddiscountrateassumptionof7.2percent,aswellaswhattheCitysproportionate share of the net pension liability (asset) would be if it were calculated using a discount rate that is one percentage point lower (6.2 percent) or one percentage point higher (8.2 percent) than the current rate: Current1% Decrease Discount Rate 1% Increase(6.20%) (7.20%) (8.20%)City's proportionate share of the net pension liability (asset):OPERS Traditional Plan $20,363,923 $13,784,640 $8,317,198OPERS Combined Plan (24,746) (74,787) (111,021) Actuarial AssumptionsOP&FOP&Fs total pension liability as of December 31, 2018, is based on the results of an actuarial valuation date of January 1, 2018, and rolled forward using generally accepted actuarial procedures.The total pension liability is determined by OP&Fs actuaries in accordance with GASB Statement No. 67, as part of their annualvaluation.Actuarialvaluationsofanongoingplaninvolveestimatesofreportedamountsand assumptions about probability of occurrence of events far into the future.Examples include assumptions about future employment mortality, salary increases, disabilities, retirements and employment terminations.Actuarially determined amounts are subject to continual review and potential modifications, as actual results are compared with past expectations and new estimates are made about the future.Assumptions considered were:withdrawal rates, disability retirement, service retirement, DROP elections, mortality, percent married and forms of the payment, DROP interest rate, CPI-based COLA, investment returns, salary increases and payroll growth.Keymethodsandassumptionsusedinthelatestactuarialvaluation,reflectingexperiencestudyresults, prepared as of January 1, 2018, are presented as follows:Valuation Date January 1, 2018, with actuarial liabilitiesrolled forward to December 31, 2018Actuarial Cost Method Entry Age NormalInvestment Rate of Return 8.0 percentProjected Salary Increases 3.75 percent to 10.5 percentPayroll Growth Inflation rate of 2.75 percent plusproductivity increase rate of 0.5 percentCost of Living Adjustments 3.00 percent simple; 2.2 percent simplefor increases based on the lesser of theincrease in CPI and 3 percent Mortality for non-disabled participants is based on the RP-2014 Total Employee and Healthy Annuitant Mortality Tables rolled back to 2006, adjusted according to the rates in the following table, and projected with the Buck Modified 2016 Improvement Scale.Rates for surviving beneficiaries are adjusted by 120 percent. - 64 64 -"