Delaware County, IN
Notes to Required Supplementary Information
Year Ended December 31, 2025
Retirement Rates
| General Employees | ||||
|---|---|---|---|---|
| Age | <10 YOS | 10 YOS | 20 YOS | 30 YOS |
| 55 | 0.0% | 0.0% | 5.0% | 14.0% |
| 60 | 0.0% | 0.0% | 12.0% | 12.0% |
| 65 | 0.0% | 30.0% | 30.0% | 30.0% |
| 75+ | 0.0% | 100.0% | 100.0% | 100.0% |
Turnover
Assumption used to project terminations (voluntary and involuntary) prior to meeting minimum retirement eligibility for retiree health coverage. The rates represent the probability of termination in the next 12 months.
Annual withdrawal rates for general employees follow the Public Employees Retirement Fund (PERF) rates from the Indiana Public Retirement System (INPRS) 2020 Experience Study (for employees with earnings of at least $20,000). Sample annual turnover rates are shown below:
| Political Subdivision >+20K Earnings | |
|---|---|
| YOS | Unisex |
| 0 | 18.00% |
| 5 | 8.00% |
| 10 | 6.50% |
| 15 | 5.25% |
| 20 | 4.00% |
| 25+ | 3.00% |
Annual per capita costs were calculated based on 2021 premium equivalent rates adjusted for expected claims cost, then actuarially increased using health index factors and current enrollment. The costs are assumed to increase with health care trend rates. Annual per capita costs are as shown below:
| Age | Male | Female |
|---|---|---|
| 50-54 |
$
10,900
|
$
12,600
|
| 55-59 | 14,700 | 14,300 |
| 60-64 | 19,400 | 17,600 |
Health Care Trend Rates
| FYE | Medical/RX |
|---|---|
| 2025 | 8.0% |
| 2026 | 7.6% |
| 2027 | 7.5% |
| 2028 | 7.3% |
| 2029 | 7.0% |
| 2030+ | 6.8% |