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Wisconsin Health and Educational Facilities Authority
Notes to Financial Statements
June 30, 2019 and 2018

NOTE 5 DEFINED BENEFIT PENSION PLAN (continued)

Pension Liabilities, Pension Expense, and Deferred Outflows of Resources and
Deferred Inflows of Resources Related to Pensions (continued)
Other amounts reported as deferred outflows of resources and deferred inflows of
resources related to pension will be recognized in pension expense as follows:

Net Deferred
Outflows/(Inflows)
Year Ended June 30, of Resources
2020 $ 30,058
2021 7,108
2022 12,825
2023 31,955
2024 -
Thereafter -

Actuarial Assumptions
The total pension liability in the December 31, 2018, actuarial valuation was determined
using the following actuarial assumptions, applied to all periods included in the
measurement:

Actuarial Valuation Date: December 31, 2017
Measurement Date of Net Pension Liability: December 31, 2018
Actuarial Cost Method: Entry Age
Asset Valuation Method: Fair Value
Long-Term Expected Rate of Return: 7.0%
Discount Rate: 7.0%
Salary Increase:
Inflation 3.0%
Seniority/Merit 0.1% - 5.6%
Morality: Wisconsin 2018 Mortality Table
Post Retirement Adjustments: 1.9%

*No post-retirement adjustment is guaranteed. Actual adjustments are based on
recognized investment return, actuarial experience and other factors. 1.9% is the
assumed annual adjustment based on the investment return assumption and the post-
retirement discount rate.

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