GASB 75 – What is OPEB Covered Employee Payroll?

August 8, 2019|Parker Elmore

So, it’s time for another OPEB valuation under GASB 75 and the actuary is asking for the “covered employee payroll” for the fiscal year or measurement period. While OPEB benefits are rarely impacted by compensation or covered employee payroll, such a figure is a required disclosure item under GASB 75 and hence that’s why you’re getting the question. So, what is “covered employee payroll”?

Covered Employee Payroll is the total gross amount paid to all employees who are eligible for and accruing OPEB benefits during the measurement period or fiscal year. This amount will include base pay, overtime, vacation, step & merit increases and all other types of pay that would appear on a Form W-2.

To learn more about OPEB and GASB 75, feel free to check out our resources at &


Categories: GASB 74, GASB 75, OPEB