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Lisle 202 AF R details pension and OPEB liabilities, notes state 'on‑behalf' support
Summary
The AFR discloses TRS, IMRF and THIS liabilities and contributions: the district reported TRS net pension liability of $1.45M, IMRF $2.92M, THIS OPEB $4.81M and recognized $9.84M in State on‑behalf contributions; deferred inflows/outflows and sensitivity analyses were included.
The Annual Financial Report presented detailed disclosures on post‑employment benefits and pensions. The district recorded a net pension liability for TRS of $1,447,985 and a net pension liability for IMRF of $2,921,324. For the Teachers’ Health Insurance Security (THIS) Fund the AFR showed the district’s proportionate share of the collective net OPEB liability at $4,811,849; the report also documented the State's on‑behalf contributions recognized for THIS and TRS.
Actuarial assumptions, sensitivity analyses to discount‑rate and healthcare trend changes, and schedules of deferred inflows/outflows were included in the notes. The AFR additionally listed employer contributions made to THIS in FY25 ($127,872) and summarized the recognition schedule for deferred amounts that will impact future OPEB and pension expense.
