Ventura County Community College District will preserve retirees’ comprehensive health benefits, while saving taxpayers $53 million, and Spanish speakers can learn English in Piru, thanks to two of the many actions recently taken by the board of trustees. The board also passed a measure to receive contract funding for workforce development.
The taxpayer savings was noted in the 2021 Actuarial Study of Retiree Health Liabilities from Total Compensation Systems, Inc., which illustrates how the recent transition of purchasing retirees’ medical benefits through California Public Employees’ Retirement System (CalPERS) saves taxpayer dollars today and into the future through a substantial reduction of the District’s Net Other Post-Employment Benefits (OPEB) liability.