The District has incurred two types of long-term liabilities related to retirement benefits for current and former employees.

First, the District has a long-term obligation to fund other post-employment benefits (OPEB) including certain health insurance benefits offered to retired employees.  As of July 1, 2021, the District’s liability is $7.8 million.  However, the District has set aside sufficient assets to fully fund this obligation.  The most recent actuarial valuation has additional information and can be viewed below:

Second, the District has a long-term obligation to fund retirement benefits offered by the Marin County Employees’ Retirement Association (MCERA).  As of June 30, 2021, the District’s unfunded pension liability is $7.7 million. The most recent valuation of this liability can be viewed below: