Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance Retiree Benefits topic
No spam. Unsubscribe anytime.
Board accepts GASB 75 actuarial valuation for retiree health insurance
Summary
The board accepted the GASB 75 actuarial valuation and supplemental schedules for the district's retiree health insurance program as of July 1, 2022. The motion passed 5-0 and updates financial reporting obligations for postemployment benefits.
Trustees voted to accept the GASB 75 Actuarial Valuation and supplemental schedules for the district's retiree health insurance program as of July 1, 2022. Trustee Lisa Pelosi moved the acceptance and Trustee Shawn Moura seconded; the motion carried unanimously.
The acceptance records the district's actuarial accounting for postemployment benefit obligations under GASB 75 and ensures the actuarial schedules are included in district financial reporting. The board did not discuss any funding changes at the meeting; the action records acceptance of the valuation as presented.
