AB 387 (Arambula) – Retiree Health Benefit Reporting Standards
Requires the State Department of Education to develop actuarial study standards for school districts that provide their retirees with health and welfare benefits and report annually on districts’ progress funding those benefits. Also requires districts to perform an actuarial study of their retiree health and welfare benefit liabilities, identify a funding source and provide for payment in their budgets.
- Version: Amended 4/14/05
- Sponsor: Author
- Location: Assembly
- Board Position: N/A
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