As indicated in the Employee Trust Fund (ETF) Employer Bulletin dated March 9, 2018,  the Governmental Accounting Standards Board (GASB) Statement No. 75 applies to local employers who participate in the Local Government Health Insurance Program. 

Each participating employer is responsible for understanding and meeting reporting requirements under GASB Statement No. 75 ‘Accounting and Financial Reporting for Postemployment Benefits Other than Pensions’, including conducting actuarial valuations as necessary.

ETF believes employers will need certain information for active, retired and COBRA participants for an actuarial valuation. While employers have the information needed for active employees, they do not have that same information for retirees and COBRA participants.  As such, ETF will be providing the data for retirees and COBRA participants to each local employer who participates in the Local Government Health Insurance Program.

It is the intent of ETF to annually provide this data approximately August 31st of each subsequent year.

If you have any questions regarding this bulletin or with the retiree data that is provided, please contact ETF at If you have questions regarding the applicability or implementation of GASB Statement No. 75, you should seek the advice of your accounting staff and/or auditors.

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