OPEB Plan Reports

The following actuarial reports were obtained to satisfy the GASB Statement 45, Accounting and Financial Reporting by Employers for Postemployment Benefits Other Than Pensions, requirements.

The nature and structure of the state-administered plans reported in accordance with the accounting standard do not necessarily permit certain observations to be made easily.

The following schedule will provide readers with information regarding the state’s obligations in each plan. Please note that the state has no obligation for the Local Government Plan and, therefore, it is not listed. Also, the plan actuary reports procured from Aon Consulting in November 2005 are not comparable to these plan reports procured from Buck Consultants primarily because the scope of the contracts varied.

Component Units, in accordance with GASB Statements 14 and 39 that define the financial reporting entity, include entities that are, first, legally separate from the state and meet other criteria. Component units are reported separately in the state's Comprehensive Annual Financial Report (CAFR) for accounting purposes, e.g., University of Tennessee System, Tennessee Board of Regents System, and Tennessee Housing Development Agency.