Retiree health liability valuation
Galt Joint Union ElementaryCalifornia- Detected
- Sep 16, 2026
- 48 days ago
- Sector
- Payroll and Pension
- Est. value
- Free account
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From the meeting
The district considered approval of a June 30, 2026 actuarial valuation from Foster & Foster, Inc. for retiree health liabilities under Governmental Accounting Standards Board (GASB) 74/75. The report puts total other postemployment benefit (OPEB) liability at $5,897,831 and projected 2026 pay-as-you-go cost at $199,253.
That creates a planning trigger for benefits funding, actuarial follow-on work, and possible trust or reserve strategy discussions.
- Meeting date
- September 16, 2026
- Agency
- Galt Joint Union Elementary
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