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District auditor presents GASB 75 retiree-health update; liability edges up slightly to $16.6 million
Summary
Consultant presented the June 30, 2025 GASB 75 valuation for retiree health benefits: projected liability rose modestly to about $16.6 million, driven by medical trend assumptions and discount-rate changes, with projected pay-as-you-go costs rising in later years.
Nihard Consulting presented the district’s 2025 interim GASB 75 valuation for other post-employment benefits (OPEB) on Aug. 14, reporting an actuarial accrued liability of about $16.6 million as of June 30, 2024.
Key points: The report used the previous year’s census data (this was an interim valuation year) and updated actual premium rates for 2025 and a discount rate that moved from 4.13%…
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