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Board accepts GASB 75 actuarial roll‑forward showing 758 active employees and 43 retirees
Summary
The board accepted the June 2025 GASB 75 actuarial valuation update (roll‑forward), which staff said reflects 758 active members and 43 retirees and calculates the district’s OPEB liabilities for reporting.
The Santee board accepted the GASB 75 June 2025 actuarial valuation update on a 5‑0 vote. Assistant Superintendent Dr. Marcia Hamilton explained the Governmental Accounting Standards Board standard requires regular measurement and disclosure of other post‑employment benefit (OPEB) liabilities and that the district uses the valuation to disclose liabilities for current and future retirees.
Dr. Hamilton said the valuation showed 758 active members and 43 retirees. "This chart shows the present value of all benefits to be paid for current and future retirees," she said, and noted the district’s first valuation was reported in July 2007. Member Glover moved approval and the board ratified acceptance of the roll‑forward update.
