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El Paso ISD workers' compensation fund remains stable, actuary recommends higher reserves
Summary
District risk management and the CFO told trustees the self-funded workers' compensation fund is stable with roughly $6.2 million in reserves; the actuary recommends a funding range higher than current contributions and staff agreed to provide more claims-cost detail to trustees.
The El Paso Independent School District's finance committee was told Jan. 13 that the district's self-funded workers' compensation program is stable but sits below actuarial recommendation levels.
Chief Financial Officer Maraghuirra opened the presentation and introduced Kyle Deglam, the district's director of risk management, who summarized a 63-page independent actuarial report and the district's safety efforts. Deglam said the fund holds about $6,200,000 and walked trustees through the actuary's funding estimates and the fund's…
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