This is a comprehensive service for school districts which provides assistance and coordination with the following:

• Establishes standards for the measurement, recognition, and display of OPEB expense/expenditures and related liabilities in the financial reports of state and local governmental employers
• Improves financial reporting of post-employment benefits; specifically an exchange of salaries and benefits for employee services rendered to attract and retain qualified employees
• Requires public agencies to report their costs and obligations of current/future retired employees
• Each district must identify and disclose OPEBs as an expense, and to the extent not pre-funded, a liability on its financial statements. The annual expense will be calculated by a contracted actuarial firm