How are the long term costs of OPEBs calculated?
A certified actuarial valuation is required with the frequency level determined by the number of participants, including all active, retired, beneficiaries and term vested participants. Employers with 200 or more participants must have an actuarial valuation once every two years; 100-200 participants every 3 years and 100 or less participants will be based upon an Alternative Measurement Methodology (Express) recommended by GASB.
