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GASB OPEB Liability Results: Overview

PRESENT VALUE OF TOTAL BENEFITS = $13.7 billion

PAST SERVICE LIABILITY / ACTUARIAL ACCRUED LIABILITY:1 $10 billion

  • Updated calculation resulted in increase from prior actuarial

valuation figure of $4.9 B2

CURRENT SERVICE COST (amount added for each year of employee service): $357 M

TOTAL FUTURE SERVICE COSTS: $3.34 B

$3.34 B Future Serv ice Costs

Source: Segal Note: Figures may vary slightly due to rounding For employee services to date 1

$357 M Current Serv ice Cost

$10.0 B Past Serv ice Liability

2July 1, 2004 Valuation by The Epler Company

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