b'City of Dover Tuscarawas County, Ohio Notes to the Basic Financial Statements For the Year Ended December 31, 2019 Actuarial calculations reflect a long-term perspective.For a newly hired employee, actuarial calculations will take into account the employees entire career with the employer and also take into consideration the benefits, if any, paid to the employee after termination of employment until the death of the employee and any applicable contingent annuitant.In many cases, actuarial calculations reflect several decades of service with the employer and the payment of benefits after termination.Key methods and assumptions used in the latest actuarial valuation, reflecting experience study results, 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 percentSingle Discount Rate:Current Measurement Date 4.66 percentPrior Measurement Date 3.24 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.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 OP&F health care plan follows the same asset allocation and long-term expected real rate of return for each major asset class as the pension plan, see Note 15. - 73 73 -'