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CITY OF ROSEVILLE, MINNESOTA <br />REQUIRED SUPPLEMENTARY INFORMATION <br />NOTES TO RSI <br />December 31, 2023 <br /> <br /> <br /> The mortality improvement scale was changed from Scale MP-2018 to Scale MP-2019 <br /> <br />2019 Changes in Actuarial Assumptions: <br /> The mortality improvement scale was changed from Scale MP-2017 to Scale MP-2018 <br /> <br />2018 Changes in Actuarial Assumptions: <br /> The discount rate decreased from 7.50% to 6.75% <br /> The expected return on plan assets decreased from 7.50% to 6.75% <br /> The price of inflation assumption was decreased from 2.75% to 2.50% <br /> The mortality improvement scale was changed from Scale MP-2016 to Scale MP-2017 <br /> <br />2017 Changes in Actuarial Assumptions: <br /> The base mortality table for healthy annuitants was changed from the RP-2000 fully generational table to <br />the RP-2014 fully generational table (with a base year of 2006), with male rates adjusted by a factor of <br />0.96. The mortality improvement scale was changed from Scale AA to Scale MP-2016. <br /> <br />2016 Changes in Actuarial Assumptions: <br /> The discount rate increased from 6.75% to 7.50% <br /> The expected return on plan assets increased from 6.75% to 7.50% <br /> <br /> <br /> <br /> <br /> <br /> <br />99 <br />Qbhf!231!pg!494 <br /> <br />