budget · E
Discussion and Review of FY 2026-2027 Budget
Page 42 of 56
Text from the PDF text layer; check the PDF for anything that matters. City of Tiffin
Notes to Other Information – Pension Liability
Changes of Benefit Terms
There are no significant changes in benefit terms.
Changes of Assumptions
The 2022 valuation incorporated the following refinements after a quadrennial experience study:
• Changed mortality assumptions to the PubG-2010 mortality tables with mortality improvements
modeled using Scale MP-2021.
• Adjusted retirement rates for regular members.
• Lowered disability rates for regular members.
• Adjusted termination rates for all membership groups.
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Sources
- revize: Attachment (i2VLOeYctgDym9kfgOchyDSJWNbEhU.pdf) — where it was found ↗ first seen Oct 12, 2026
- sharepoint (.WS - FY 2025 Audit - Draft.pdf) — where it was found ↗ first seen Oct 12, 2026
Attached to agenda item: E Discussion and Review of FY 2026-2027 Budget
Data last updated October 16, 2026. Built from the archive's documents; see how the data is built.