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Other Pension and Postemployment Benefits Information

 

Effective FY 2017-18, CalSTRS will no longer prepare and publish the Schedule of Proportionate Share of Medicare Premiums and Surcharges Paid (Schedule D) in the Other Pension and Post-Employment Benefit Information Report.

CalSTRS made this decision based on an assessment of the cost and benefit of developing the schedule on an ongoing basis and the projected use of the schedule. CalSTRS will continue to provide the Schedule of Proportionate Share of Contributions for Employers of State Teachers’ Retirement Plan (Schedule C) which, based on their accounting policies, employers may use in determining their proportionate share of the Medicare Premium Payment (MPP) Program Net OPEB Liability (NOL), OPEB Expense, and Deferred Inflows and Outflows of Resources.

In addition, due to the unique approach in which the MPP Program is funded, employers may decide to use a different approach than the option CalSTRS has provided. Each employer’s method for determining their proportionate share of the NOL, OPEB Expense, and Deferred Inflows and Outflows of Resources is an accounting policy decision that each employer should consult on with their auditors.

 

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