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28 <br /> 1 Youveak Yeng of Cavanaugh Macdonald Consulting made the following presentation. <br /> 2 <br /> 3 Slide #1 <br /> - <br /> Cavanaugh Macdonald -_ <br /> CONSUOING. LLC - <br /> T4 W-.d A. - <br /> Orange County — - - - <br /> Other P+osternployment Benefits Plan _. <br /> r; <br /> Valuation Results as of June 30,2022 <br /> [,ARSB 74175 Results as of <br /> June 30,2023 Measurement Date <br /> November 9,2023 <br /> 4 www.CayMacConsulting,«tn <br /> 5 <br /> 6 Slide #2 <br /> What is an OPEB Plan? <br /> r OPEB stands for Other Enstemployment Benefits <br /> OPEB refers to benefits,other than pensions,that are:paid in the period <br /> after employment.OPEB includes: <br /> i� Postemployment healthcare benefits such as medical,dental,vision, <br /> hearing,etc.,whether provided through a pension plan or <br /> separately;and <br /> Other benefits such as death benefits,life insurance,disability,long- <br /> term cage,etc.,when provided separately from a pension plan. <br /> 3% Orange County's OPEB benefits include medical,prescription drug,and <br /> a Health Savings Account contribution. <br /> 8 <br /> 9 <br />