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CITY OF ELK RIVER <br />SCHEDULE OF CHANGES IN TOTAL OPEB LIABILITY AND <br />RELATED RATIOS — MUNICIPAL RETIREES HEALTH PLAN (CONTINUED) <br />DECEMBER 31, 2019 <br />Changes in Benefits and Assumptions <br />2019: <br />2018: <br />Changes in Benefit Terms: <br />• There were no significant changes in benefit terms. <br />Changes in Assumptions <br />• The discount rate was changed from 3.30% to 3.80%. <br />• The health care trend rates were changed to better anticipate short term and long term <br />medical increases. <br />• The mortality tables were updated from the RP-2014 White Collar Mortality Tables with MP- <br />2016 Generational Improvement Scale (with Blue Collar adjustment for Police and Fire <br />Personnel) to the RP-2014 White Collar Mortality Tables with MP-2018 Generational <br />Improvement Scale (with Blue Collar adjustment for Police and Fire Personnel). <br />• The retirement and withdrawal tables for Police and Fire Personnel were updated. <br />Changes in Benefit Terms: <br />• There were no significant changes in benefit terms. <br />Changes in Assumptions <br />• The discount rate was changed from 3.50% to 3.30%. <br />(83) <br />