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RVCC 2019 NECHE Self-Study

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Schedule of Collective Net OPEB Liability (State OPEB Plan)*<br />

June 30,<br />

2018 2017<br />

Employer proportion of the collective total<br />

OPEB liability 4.9660 % 4.9255 %<br />

Employer's proportionate share of the<br />

collective total OPEB liability $ 110,713,469 $<br />

141,644,569 Employer's covered-employee payroll $ 35,835,065 $<br />

34,568,382<br />

Employer's proportionate share of the<br />

collective total OPEB liability as a<br />

percentage of its covered employee-payroll 309 % 410 %<br />

* Schedule is intended to show 10 years. Additional years will be added as they become available.<br />

Notes to the Required Supplementary Information (State OPEB Plan)<br />

There are no assets accumulated in a trust that meets the criteria in GASB 75 paragraph 4 to pay<br />

related benefits<br />

Changes of assumptions:<br />

Changes in assumptions reflect trend assumption revisions to reflect current experience and future<br />

expectations.<br />

The discount rate increased from 2.<br />

260 | P a g e

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