OPEB Studies

Public Employees Benefits Board (PEBB) Reports

Click on the titles below to open the PDF.

Other Post-Employment Benefits Actuarial Valuation for the State’s June 30, 2018 Fiscal Year-End [156KB]

2017 Other Post-Employment Benefits Actuarial Valuation Report [5.3MB]

Historical OPEB reports are on the Historical OPEB Reports page.

LEOFF 1 Reports

2016 LEOFF 1 Medical Benefits Actuarial Valuation Report [9MB]

Historical LEOFF 1 reports are on the Historical OPEB Reports page.

OPEB Calculation Tool

PEBB OPEB AMM Online Tool

 

Changes in OPEB Reporting

Financial reporting requirements in Governmental Accounting Standards Board (GASB) Statement 45, entitled "Accounting and Financial Reporting by Employers for Post Employment Benefits Other Than Pensions," cause concern for many public entities.  The following Q & A should help the preparers of financial statements for local governments satisfy the requirements as well as address upcoming changes to financial reporting due to GASB Statement 75.

 

Frequently Asked OPEB Questions

 

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GASB 75 is replacing GASB 45. Will there be a LEOFF 1 GASB 75 tool?

Yes.

GASB 75 is effective for employer fiscal years beginning after June 15, 2017. OSA will publish a LEOFF 1 GASB 75 compliant tool sometime in early 2019.

 

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Can I use the results from the LEOFF 1 GASB 45 tools to satisfy financial reporting under GASB 75?

No.

The financial reporting requirements under GASB 75 are very different from GASB 45.

 

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Who Prepared this Information?

Debra Burleson with the Washington State Auditor’s Office assisted in the preparation of this FAQ.  The Office of the State Actuary provided technical assistance.

If you have other questions about reporting under GASB please use the email addresses below.

Office of the State Actuary at

Debra Burleson at

 

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Last Reviewed: 10/30/2018

Last Updated: 10/30/2018