Delaware County, Indiana
Schedule of Employer Contributions -
Last 10 Fiscal Years*
| OPEB contributions | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Actuarially determined contribution** | $535,500 |
$425,530 |
$396,851 |
$362,982 |
$321,256 |
$297,460 |
| Actual employer contributions | 535,500 |
425,530 |
396,851 |
362,982 |
321,256 |
297,460 |
| Contribution deficiency (excess) | $- |
$- |
$- |
$- |
$- |
$- |
| Covered payroll | $26,906,258 |
$26,418,005 |
$20,408,371 |
$19,881,511 |
$20,062,834 |
$18,448,117 |
| Contributions as a percentage of covered payroll | 1.99% | 1.61% | 1.94% | 1.83% | 1.60% | 1.61% |
Notes to schedule:
Valuation date: For fiscal year ended December 31, 2025
**This is a pay as you go plan, assumed to be the same as the contributions
Methods and assumptions used to determine most current contribution rate above:
- Actuarial cost method
- Entry Age Normal Level % of Salary
- Amortization method
- Not Applicable
- Remaining amortization period
- Not Applicable
- Asset valuation method
- Not Applicable
- Healthcare cost trend rates
- Medical costs were trended at 8.0% in the first year trended down to 4.5% over eight years
- Inflation
- 2.00%
- Retirement age
- 10 years of service with 70 points, points are a combination of age plus service
- Mortality
- Healthy General retirees: SOA Pub-2010 General Headcount Weighted Mortality Table fully generational using Scale MP-2021; Surviving spouses: SOA Pub-2010 Survivor Headcount Weighted Mortality Table fully generational using Scale MP-2021
Other information:
*Additional years will be added until 10 years of historical data is shown.