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District OPEB funding ratio rises to 80%; finance director recommends $150,000 annual budget allocation
2411978 · January 15, 2025
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Summary
Incoming finance director Tristan Gaitley Sweat presented an OPEB actuarial summary showing the district’s funding ratio improved to 80.2% and recommended continuing a $150,000 annual contribution plus pay‑as‑you‑go retiree premiums.
Tristan Gaitley Sweat, the district’s incoming finance director, presented the FY OPEB actuarial summary to the board and reported that the district’s funding ratio improved to 80.2% from 70.5 the prior year.
SWEAT reported the change was driven by a small increase in total OPEB liability and larger increases in actuarial assets. "Year over year…
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