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CITY OF ROSEVILLE, MINNESOTA <br />NOTES TO FINANClAL STATEMENTS <br />December 31, 2015 <br />Discount rate: <br />The discount rate used to measure the total pension liability was 6.75%. Assets were projected <br />using expected benefit payments and expected asset returns. Expected benefit payments by year <br />were discounted using the expected asset return assumption for years in which the assets were <br />sufficient to pay all benefit payments. Any remaining benefit payments after the trust fund is <br />exhausted are discounted at the municipal bond rate. The equivalent single rate is the discount <br />rate. <br />F. Change in the Net Pension Liability <br />Balances at December 31, 2014 <br />Changes for the year <br />Service cost <br />I nte rest <br />Differences between expected <br />and actual experience <br />Changes in assumptions <br />Contibutions - state and local <br />Contibutions - employee <br />Net investment income <br />Benefit payments, including refunds <br />of employee contibutions <br />Administrative expense <br />Othercharges <br />Net Charges <br />Increase (Decrease) <br />Total Plan Fiduciary Net <br />Pension Net Pension <br />Liability Position Liability <br />(a) (b) (a) - (b) <br />$ 7,762,467 $ 10,171,186 $ (2,408,719) <br />69,632 <br />509,635 <br />213,856 <br />(563,896) <br />220,012 <br />22,193 <br />(563,896) <br />(20,569) <br />69,632 <br />509,635 <br />213,856 <br />(220,012) <br />(22,193) <br />20,569 <br />$ 229,227 $ (342,260) $ 571,487 <br />Balances at December 31, 2015 $ 7,991,694 $ 9,828,926 $(1,837,232) <br />72 <br />