NOTES TO FINANCIAL STATEMENTS (In Thousands) NOTE 8. OTHER POST-EMPLOYMENT BENEFIT PLAN (CONTINUED) Net OPEB Liability. The Authority’s changes in the net OPEB liability by source for the fiscal year ended June 30, 2018, is reflected below: Total OPEB Liability (a) Beginning Balance Changes for the year: Service cost Interest Effect of plan changes Effect of economic/demographic gains or losses Effect of assumption changes Benefit payments Employer contributions Net investment income Administrative expense Net changes Ending Balance $ $ Plan Fiduciary Net Position (b) 20,887 $ 471 1,251 - - - (1,018) - - - 704 21,591 $ 12,129 $ - - - - - (1,018) 1,890 (7) (85) 780 12,909 $ Net OPEB Liability (a) – (b) 8,758 471 1,251 - - - - (1,890) 7 85 (76) 8,682 The Authority’s changes in the net OPEB liability by source for the fiscal year ended June 30, 2017 is reflected below: Total OPEB Liability (a) Beginning Balance Changes for the year: Service cost Interest Effect of plan changes Effect of economic/demographic gains or losses Effect of assumption changes Benefit payments Employer contributions Net investment income Administrative expense Net changes Ending Balance $ $ Plan Fiduciary Net Position (b) 23,075 $ 639 1,393 (2,423) 525 (1,311) (1,011) - - - (2,188) 20,887 $ 10,698 $ - - - - - (1,011) 2,450 68 (76) 1,431 12,129 $ Net OPEB Liability (a) – (b) 12,377 639 1,393 (2,423) 525 (1,311) - (2,450) (68) 76 (3,619) 8,758 40
