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CITY OF SAN LEANDRO <br />NOTES TO BASIC FINANCIAL STATEMENTS <br />For The Year Ended June 30, 2018 <br />I NOTE 14 -OTHER POST EMPLOYMENT BENEFITS <br />OPEB Liabilities, OPEB Expenses and Deferred Outflows/Inflows of Resources Related to OPEB -For <br />purposes of measuring the net OPEB liability, deferred outflows of resources and deferred inflows of <br />resources related to OPEB, and OPEB expense, information about the fiduciary net position of the City's <br />OPEB Plan and additions to/deductions from the OPEB Plan's fiduciary net position have been <br />determined on the same basis as they are reported by PARS. For this purpose, benefit payments are <br />recognized when currently due and payable in accordance with the benefit terms. Investments are <br />reported at fair value. <br />A. Plan Description <br />The District administers a single-employer defined-benefit post-employment healthcare plan. Dependents <br />are eligible to enroll, and benefits continue to surviving spouses. The plan was established by City <br />Council in fiscal year 2009-10 provides reimbursements to retirees for qualified expenses. Retirees who <br />have between five and fifteen years of service and meet certain criterion based upon retirement date, <br />household income in the most recent calendar year and age are entitled to reimbursements for qualified <br />expenses. <br />Benefits Provided -Eligibility for retiree health benefits requires retirement from the City. Retirees may <br />receive up to $360 monthly medical and $115.74 monthly dental reimbursement prior to age 65. Some <br />retirees may receive $200 monthly medical reimbursement from age 65 to age 70. With the exception of <br />certain retirees who are eligible for the $200 payment as discussed, after age 65, the retirees receive the <br />PEMHCA minimum amount only. <br />Amendments to benefit provisions are negotiated by various bargaining units at the City and must be <br />approved by Council. In fiscal year 2008-09, the City established an irrevocable exclusive agent multi- <br />employer benefit trust which is administered by Public Agency Retirement Services (PARS). The trust <br />will be used to accumulate and invest assets necessary to reimburse retirees. No separate financial reports <br />are issued by PARS for the OPEB plan. <br />Employees Covered by Benefit Terms -Membership in the plan consisted of the following at the <br />measurement date ofJune 30, 2018: <br />Active employees <br />Inactives currently receiving benefit payments <br />Inactive entitled to but not yet <br />receiving benefit payments <br />Total <br />81 <br />335 <br />290 <br />0 <br />625 <br />546