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Kenosha Unified hears options to curb retiree health costs as OPEB trust nears full funding
Summary
Kenosha Unified School District held a detailed review of retiree health benefits and other post-employment benefits (OPEB) during a Nov. special meeting, where consultants and district finance staff said the district's 2025 actuarial study shows an actuarial accrued liability of about $78,000,000 and plan assets of roughly $72,000,000, leaving the trust approximately 92% funded.
Kenosha Unified School District held a detailed review of retiree health benefits and other post-employment benefits (OPEB) during a Nov. special meeting, where consultants and district finance staff said the district's 2025 actuarial study shows an actuarial accrued liability of about $78,000,000 and plan assets of roughly $72,000,000, leaving the trust approximately 92% funded.
"Pre-65 retireesare using the plan, and they're using it a lot," said Chris Smessard, a consultant with Brown & Brown, as he walked the board through utilization data that separates active employees, pre-65 retirees and post-65 retirees in the fully insured UnitedHealthcare plan. Smessard said the overall plan-year loss ratio was about 95% but that the pre-65 retiree subgroup showed a 165% loss ratio, driven by roughly 298 subscribers in that cohort.
The consultant and district staff outlined the budgetary link…
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