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City of Elk River <br />Notes to Required Supplementary Information <br />122 <br />Post Employment Benefits Plan (Continued) <br />2019 Changes <br />Changes in Actuarial Assumptions <br />•The discount rate was changed from 3.30% to 3.80% based on updated 20 -year municipal bond <br />rates. <br />•The health care trend rates were changed to better anticipate short -term and long-term <br />medical increases. <br />Changes in Actuarial Assumptions (Continued) <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 />2018 Changes <br />Changes in Actuarial Assumptions <br />•The discount rate was changed from 3.50% to 3.30% based on updated 20-year municipal bond <br />rates. <br />Page 312 of 637