Unfunded Liabilities - City of Moreno Valley

Other Post Employment Benefits (OPEB)
Public Agencies typically provide benefits in
addition to retirement to employees after they
retire
The most common is offering assistance with
the high cost of medical/dental/vision
insurance
This is commonly referred to as the “Retiree
Medical” benefit
Prior to 1993, the City offered reimbursement
of 100% of the employee and spouse cost for
Retiree Medical
This is a “Defined Benefit” program
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