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Cities' Net Other Postemployment Benefit Asset and Liability for Fiscal Years 2017-18 to 2019-20

Published by California State Controller's Office | State of California | Metadata Last Checked: July 29, 2025 | Last Modified: 2021-11-12
Net Other Postemployment Benefit (OPEB) Asset is the amount in excess of the amount owed to a defined benefit OPEB plan based on the actuarial present value (or other method) of the projected benefit payments for plan members and their beneficiaries less the plan’s net position. Net OPEB Liability is the amount owed to a defined benefit OPEB plan based on the actuarial present value (or other method) of the projected benefit payments for plan members and their beneficiaries less the plan’s net position.

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