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Retirees pay 100% of the premium for medical coverage. Do I still need a valuation performed?

April 26, 2017coverage medical pay Performed Premium Retirees valuation

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Retirees pay 100% of the premium for medical coverage. Do I still need a valuation performed?

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Probably. If retirees are charged the same premium rate as active employees for medical coverage, then there is still a liability you need to report under GASB 45.