FY2016 CCDOA Financial Report as of 6302016.pdf - page 79

CLARK COUNTY DEPARTMENT OF AVIATION
CLARK COUNTY, NEVADA
Notes to Financial Statements
For the Fiscal Years Ended June 30, 2016 and 2015
66
(b) Other Postemployment Benefits ("OPEB")
Plan Information
Retirees of the Department may continue insurance coverage through the Clark County Retiree Health
Program ("County Plan"), an agent multiple-employer defined benefit plan, if enrolled as an active
employee at the time of retirement. Within the County Plan, retirees may choose between the Clark
County Self-Funded Group Medical and Dental Benefits Plan ("Self-Funded Plan") and Health Plan of
Nevada ("HPN"), a fully insured health maintenance organization plan.
Some retired employees are also enrolled in the State program of insurance. This program, the Public
Employees’ Benefits Program ("PEBP"), is an agent multiple-employer, defined benefit plan.
Each plan provides medical, dental, prescription, and vision benefits to eligible active and retired
employees and beneficiaries. Except for the PEBP, benefit provisions are established and amended
through negotiations between the County and the employee union. PEBP benefit provisions are
established by the Nevada State Legislature.
The Self-Funded Plan is not administered as a qualifying trust or equivalent arrangement. The Self-
Funded Plan is included in the Clark County CAFR as an internal service fund, the Self-Funded Group
Insurance Fund, as required by NRS. Effective on March 4, 2014, the Board voted to establish the Clark
County, Nevada OPEB Trust Fund ("Trust"). This Trust was created pursuant to NRS §287.017 and is an
irrevocable trust fund. The Trust is administered by a three member Board of Trustees appointed by the
Board, with each member’s term expiring on June 30, 2016. Funding to the Trust will be from
contributions to the Self-Funded Plan. During FY 2015, the Department deposited $14.9 million to the
Trust. No transfers were made during FY 2016.
The PEBP issues a publicly available financial report that includes financial statements and required
supplementary information. The Self-Funded and PEBP reports may be obtained by writing or calling
the plans at the following addresses or phone number:
Clark County, Nevada
P.O. Box 551210
500 S. Grand Central Parkway
Las Vegas, NV 89155-1210
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