The Maine Municipal Employees Health Trust has again engaged the services of the Trust’s actuary, Cheiron, to prepare actuarial valuation reports for Trust participating employers who must comply with GASB 75.  The 2020 reports will be available the week of August 17.

If you have questions about receiving your valuation reports, please contact us at

Background – GASB 75 liability

In 2018, the Governmental Accounting Standards Board (GASB) issued revised regulations which impact all employer groups who are subject to GASB and provide medical coverage through the Maine Municipal Employees Health Trust.

Known as GASB 75, this statement replaces the GASB 45 regulations under which governmental entities were previously operating. Under GASB 45, only a few Trust employers were required to obtain an actuarial valuation of their explicit liability (if they paid the premium) and/or their implicit liability (if individually rated) and disclose the liability in their financial statements. Under GASB 75, all local government employers are required to obtain an actuarial valuation and disclose the liability in their financial statements.

In 2018 The Health Trust actuary, Cheiron, prepared valuation reports for the Trust participating employers.  In 2019, Cheiron prepared “roll-forward” valuation reports, meaning that no additional new census information was gathered, and the reports were updated to reflect the required change in discount rate and any material changes in claims costs.


2020 Valuation Reports

The 2020 valuation reports will once again be a full valuation.  The report, and accompanying census data, will be available to the designated contact on file, via a secured portal.  The link to this portal will be sent via email in mid-August 2020.

New for 2020: To increase security, there will be an additional step in the process to obtain the reports.  You will be required to do an additional verification of your email the first time you click the link to access the portal.  Once you have successfully logged into the portal, you may also send the reports to your auditor in a secure manner.

For more details about the process to obtain your reports and accompanying census, and more detail about GASB 75 and the reports, please see the presentation below.

2020 GASB 75 Information