OPEBs: To Fund or Not to Fund?

  • October 22, 2024
  • 10:00 AM - 11:00 AM (EDT)
  • ONLINE
    WEBINAR
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Overview

Post-Employment Benefits, like pensions and retiree medical coverage, are long-term propositions. Those obligations and their balance sheet liabilities need to be defeased for accounting purposes and for benefit security. This webinar will explore considerations for whether to finance the “Other” Post-Employment Benefits (OPEBs) liabilities through regular deposits into a qualifying trust, like pensions pre-fund their liabilities, or through a simple pay-as-you-go structure, paying the subsidies from general assets as they come due.

Presenters

Jim Rizzo, Senior Consultant – GRS Consulting
Hermes Garzon, Senior Manager – Marcum

CPE Credits

Program Description OPEBs: To Fund or Not to Fund?
Important Notice Regarding CPE:
Learning Objectives
  • Identify when it may be advisable to pre-fund your OPEB obligation.
  • Utilize the positions of the GFOA and the American Academy of Actuaries on pre-funding to identify the optimal times for this strategy.
  • Identify the language that should be included in trust fund documents to satisfy the GASB.
  • Outline the elements that go into a sample Funding Policy.
  • Discuss the benefits of pre-funding for employee relations and benefits communications.
Instruction Delivery Method Group Internet Based
Recommended CPE Credit 1 Credit
Recommended Field of Study Accounting (Government)
Prerequisites None
Program Level Basic
Advance Preparation None
Cancellation Policy You may cancel your registration at any time prior to the event.
Complaint Resolution Policy For more information regarding refund, concerns and program cancellation policies, please contact our offices at [email protected].

CPE-NASBA

Marcum LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
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