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22 <br />Changes in Net OPEB Liability. The changes in the net OPEB liability for the City of <br />Pleasanton Retiree Healthcare Plan is as follows: <br />Total <br />OPEB Liability <br />Plan Fiduciary <br />Net Position <br />Net Pension <br />Liability/(Asset) <br />Balance at June 30, 2022 $71,544,000 $65,292,000 $6,252,000 <br />Changes Recognized for the Measurement <br />Service Cost 1,252,000 --1,252,000 <br />Interest 4,419,000 --4,419,000 <br />Differences Between Actual & Expected Experience ------ <br />Changes of Assumptions ------ <br />Contributions – Employer --3,993,000 (3,993,000) <br />Net Investment Income --(8,739,000)8,739,000 <br />Benefit Payments and Refunds (4,186,000)(4,186,000)-- <br />Administrative Expense --(25,000)25,000 <br />Balance at June 30, 2023 $73,029,000 $56,335,000 $16,694,000 <br />Source: Pleasanton Annual Comprehensive Financial Report for the Fiscal Year ended June 30, 2023. <br />Detailed information about the OPEB plan’s fiduciary net position is available in the <br />separately issued plan financial report that may be obtained from CERBT. The benefit payments <br />and refunds include implied subsidy benefit payments were in the amount of $4,076,000. <br />OPEB Expense. For the year ended June 30, 2023, the City recognized OPEB income <br />of $3,604,000, a reduction in expense for the City of Pleasanton Retiree Healthcare Plan. <br />See Note 13 to the City’s audited financial statements for the fiscal year ending June 30, <br />2023, attached hereto as Appendix B. <br />Page 298 of 448Page 307 of 557