Retiree Health Benefits Actuarial Study for Fiscal Year 2024-25
The official document
What the district published
This is the source material — exactly as released by RUSD. The plain English translation below is this site's version, written for community members who shouldn't need a budget degree to understand where their school dollars go.
Original PDF coming soon — check reedschools.org for the source document.
In plain English
What this document actually says
This is an actuarial study measuring the district's financial obligation for retiree health benefits as of June 30, 2025. The Total OPEB (Other Post-Employment Benefits) Liability is $3.27 million, with assets of $1.77 million, leaving a Net OPEB Liability of $1.50 million. This represents an improvement from the prior year's net liability of $1.71 million. The district contributed $343,511 during the year and paid $143,511 in benefits to retirees. The study projects the district will need approximately $155,000 in the following year to cover retiree health costs. These benefits include both the employer's share of retiree premiums ($125,274) and an implicit rate subsidy ($29,684) where retirees pay less than the actual cost of their coverage.
What this means for your family
This actuarial report tracks money the district sets aside to pay for employee health benefits after retirement. While this doesn't directly affect current students or classroom budgets, it represents a long-term financial obligation that the district must plan for. The district's liability decreased by about $204,000 this year, showing improved financial health in this area.
Summaries are AI-assisted and based on the original district document shown above. Nothing has been editorialized — interpretations are clearly labeled. This site is maintained by Lina Godfrey's campaign as a community resource.