b'City of Dover Tuscarawas County, Ohio Notes to the Basic Financial Statements For the Year Ended December 31, 2019 Age Police Fire67 or less 77 % 68 %68-77 105 8778 and up 115 120 MortalityfordisabledretireesisbasedontheRP-2014DisabledMortalityTablesrolledbackto2006, adjustedaccordingtotheratesinthefollowingtable,andprojectedwiththeBuckModified2016 Improvement Scale.Age Police Fire59 or less 35 % 35 %60-69 60 4570-79 75 7080 and up 100 90 The most recent experience study was completed for the five year period ended December 31, 2016.The long-term expected rate of return on pension plan investments was determined using a building-block approach and assumes a time horizon, as defined in the Statement of Investment Policy.A forecasted rate of inflation serves as the baseline for the return expected.Various real return premiums over the baseline inflation rate have been established for each asset class.The long-term expected nominal rate of return has been determined by calculating a weighted average of the expected real return premiums for each asset class, addingtheprojectedinflationrateandaddingtheexpectedreturnfromrebalancinguncorrelatedasset classes. Best estimates of the long-term expected geometric real rates of return for each major asset class included in OP&Fs target asset allocation as of December 31, 2018, are summarized as follows:Target Long-Term ExpectedAsset Class Allocation Real Rate of ReturnCash and Cash Equivalents 0.00 % 0.80 %Domestic Equity 16.00 5.50Non-US Equity 16.00 5.90Private Markets 8.00 8.40Core Fixed Income * 23.00 2.60High Yield Fixed Income 7.00 4.80Private Credit 5.00 7.50U.S. Inflation Linked Bonds * 17.00 2.30Master Limited Partnerships 8.00 6.40Real Assets 8.00 7.00Private Real Estate 12.00 6.10Total 120.00 %Note:Assumptions are geometric.* levered 2x OP&Fs Board of Trustees has incorporated the risk parity concept into OP&Fs asset liability valuation with the goal of reducing equity risk exposure, which reduces overall Total Portfolio risk without sacrificing return, and creating a more risk-balanced portfolio based on their relationship between asset classes and economic environments.From the notional portfolio perspective previously disclosed, the Total Portfolio may be levered up to 1.2 times due to the application of leverage in certain fixed income asset classes. - 65 65 -'