GEORGIA PORTS AUTHORITY REQUIRED SUPPLEMENTARY INFORMATION RETIREE MEDICAL AND DENTAL PLAN (OPEB) SCHEDULE OF CHANGES IN THE AUTHORITY’S NET OPEB LIABILITY AND RELATED RATIOS FOR THE FISCAL YEARS ENDED JUNE 30, (In Thousands) 2018 Total OPEB liability Service cost Interest on total OPEB liability Plan changes Economic/demographic gains or losses Changes in assumptions Benefit payments Net change in total OPEB liability Total OPEB liability - beginning Total OPEB liability - ending (a) Plan fiduciary net position Contributions - employer Net investment income Benefit payments Administrative expenses Net change in plan fiduciary net position Plan fiduciary net position - beginning Plan fiduciary net position - ending (b) Authority's net OPEB liability - ending (a) - (b) Plan fiduciary net position as a percentage of the total OPEB liability Covered-employee payroll Net OPEB liability as a percentage of covered-employee payroll $ $ $ 471 1,251 - - - (1,018) 704 20,887 21,591 1,890 (7) (1,018) (85) 780 12,129 12,909 8,682 59.8% 70,793 12.3% Notes to the Schedule: The schedule will present 10 years of information once it is accumulated. $ $ $ 2017 639 1,393 (2,423) 525 (1,311) (1,011) (2,188) 23,075 20,887 2,450 68 (1,011) (76) 1,431 10,698 12,129 8,758 58.1% 70,793 12.4% $ $ $ 2016 603 1,353 - (456) - (741) 759 22,316 23,075 2,250 59 (741) (76) 1,492 9,206 10,698 12,377 46.4% 66,803 18.5% 52
