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Calculate OPEB plan funded ratio In addition to pension benefits, the city of Tallahassee provides OPEB to its retirees. Assume a note to Tallahassee's
Calculate OPEB plan funded ratio In addition to pension benefits, the city of Tallahassee provides OPEB to its retirees. Assume a note to Tallahassee's fiscal year 2019 financial statements reported that, based on the most recent actuarial valuation of the OPEB plan, the actuarial accrued liability for benefits was $168.5 million and the actuarial value of assets held by the plan was $16.2 million. a) Calculate the funded ratio of the city of Tallahassee's OPEB plan. Round percentage to one decimal. 96 b) How are OPEB generally financed? Check
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