Retiree Health - Documents and Reports

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Actuarial Valuation  Retiree Health Program Reports

The purpose of the actuarial valuation (also referred to as Other Post Employment Benefits, or OPEB) is to measure the District’s liability for retiree health benefits and to determine the District’s accounting requirements under the Government Accounting Standard Board Statements No. 43 & 45 (GASB 43 & 45) in regard to unfunded liabilities for retiree health benefits.

Pursuant to a recommendation from the Marin County Civil Grand Jury, our Actuarial Valuation Report as of June 30, 2014 is available below. 

These reports are required to be obtained bi-annually.

OPEB Actuarial Valuation Report 2015

 Projected Employer Cash Flows All Benefit Eligible [PDF]

CALPERS California Employer’s Retiree Benefit Trust Fund Report 2016

This is the quarter ended March 31, 2016 CalPERS CERBT statement showing a balance of just under $4 million. The District can withdraw funds from the investment account to pay for retiree health care if needed.

CALPERS California Employer’s Retiree Benefit Trust Fund Report 2015.

This is the quarter ended March 31, 2015 CalPERS CERBT statement showing a balance of over $4 million. The District can withdraw funds from the investment account to pay for retiree health care if needed.

CALPERS California Employer’s Retiree Benefit Trust Fund Report History Report 2014

This is an analysis of the history of the District’s contributions to the CalPERS CERBT. It shows that the District has cumulatively contributed $3.4 million and received investment earnings of over $600,000 to date bringing the balance to over $4 million. From an historical perspective, the last retiree health care actuarial valuation was done as of June 30, 2013. At that time, the assets in the CalPERS CERBT account was $1.96 million. It is since more than doubled to over $4 million. There will be another actuarial valuation to be obtained as of June 30, 2015.


Cal Pers: CERBT 2013

Cal Pers: CERBT 2012