3% Refund Guidance for School Districts – FAQ and Resources Included

CPAs & Advisors

Jennifer Watkins
Jennifer Watkins CPA Principal CPAs & Advisors

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After a meeting this week with Michigan School Business Officials, the 1022 Committee and state representatives, Yeo & Yeo’s Education Services Group is pleased to provide an update and recommendations for issuing and reporting the 3% refund of retiree healthcare fund contributions. Read the guidance and FAQ.

The guidance provided is based on the information currently available to us and is subject to change. Many of the issues depend on the initial treatment of the 3% retiree healthcare contributions. School districts will need to make decisions about what is best in their individual situation.

We will continue to keep you informed as we receive further updates.

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