Oneida-Herkimer Solid Waste Management Authority

Notes to Financial Statements

December 31, 2022 and 2021

Note 7 - Other Postemployment Benefits (OPEB) - Continued

OPEB Liabilities, OPEB Expense, and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEB - Continued

Authority contributions subsequent to the measurement date are recognized as a reduction of the OPEB liability in the subsequent year. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized in OPEB expense as follows: Year

Actuarial Assumptions. The total OPEB liability was determined using the following actuarial assumptions, which are consistent from year to year, expect as noted:

AssumptionsFactor

Valuation DateJanuary 1, 2022

Measurement DateJanuary 1, 2022

Reporting DateDecember 31, 2022

Actuarial Cost MethodEntry Age Normal - Level Percent of Pay Discount Rate

Health Care Cost Trend RatesSociety of Actuaries Long-Run Medical Cost Trend Model Salary Scale3.50%

Inflation2.50%

Mortality

RPH-2014 Mortality Table for Health Annuitants, sex distinct, with generational mortality adjusted to 2006 using scale MP2014, and projected forward with scale MP-2021