Opeb PowerPoint PPT Presentations

Effective 7/1/09 for those hired on or after that date. Current employees ... Share focus group information with Board as soon as possible after meeting. Next Steps ...

No. Do OPEB benefits have the same legal standing as pension benefits in your state? ... OPEB Tidal Wave. Yes. No. Do you have the power to invest OPEB assets ...

OPEB Panel Discussion. Were there complications due to existing union contracts? ... OPEB Panel Discussion. What kinds of challenges arose in the process of ...

Leading professional investment advisors and managers. Lowest cost option ... Citizen of Commonwealth. Local finance board executes a trust joinder agreement ...

OPEBs Case Study at Gainesville Regional Utilities APPA Fall Business/Financial Conference Session 30 Are You Ready for OPEBs? Kim Simpson, CPA, Retired CFO GRU

Assess 'true' labor cost of OPEB promise. Uniform balance sheet recognition ... Eligibility. Pre/post Medicare. Cost sharing. Identify cost groupings. Medical plans ...

OPEB Best Practices. Nine Clich s You'll Love to Hate ... Bonus clich -The costs are what the costs are. ... Bonus clich -If you do what you've always done, you ...

... of return for the employer's general fund is 2%. ... future medical inflation covered ... go, there still will be considerable reported liability on books. ...

Aspiring to be Cost Sharing Multiple Employer OPEB Plans ... Can there be a Pay-As-You-Go Cost Sharing Plan providing explicit subsidies? ...

... 43 applies to financial reports prepared by health insurance or other OPEB plans ... Annual OPEB Cost. 6. INCENTIVE FOR COMPLIANCE ...

... first year budget costs for the amortization of unfunded liability by up to 15% Legislation may be required to allow the flexibility to implement a cost ...

of payroll (Delaware, Florida, Georgia, Nevada, South Carolina) % of Lottery Net Revenues (North Carolina) Other Funds and Predecessor Trusts ...

On-going Net OPEB Obligation: Amount recognized at transition (if any), PLUS ... Typically, grades down over a period of years. Salary increases (where applicable) ...

Public Employee. Post-Employment Benefits Commission. OPEB Survey ... to League of California Cities, CSAC, California Special Districts Association, ...

Title: Change to DC Plan Author: vwinters Last modified by: lgdfich Created Date: 3/11/2004 10:30:15 PM Document presentation format: On-screen Show

Official positions of the GASB are determined only after extensive due ... Order information (Statements, Imple-mentation Guides, Technical Bulletins, etc. ...

... to downgrades of their credit ratings, says Joe Mason of Fitch Ratings. ... Failure to confront OPEB liability may impair credit ratings. 6 ...

... on monthly mortgage rates without consideration of the length of the mortgage ... Value in today's dollars (i.e., present value) of vested and vesting benefits ...

What are Other Post Employment Benefits (OPEB)? Compensation received after ... A mix of stocks and bonds. 8% Impact on actuarial liabilities of prefunding ...

Strong employee value Strong employee management Lots of ... (will actually have a net OPEB asset) ... how often do you encounter problems with data integrity and ...

Federal agency. Requirements for all companies that issue stock. Accounting must conform to GAAP ... employment benefits (OPEB), stock options, derivatives, etc. ...

... Balance, Short Term Borrowing, Debits/Credits: Auditor-Speak, OPEB, Prior Year ... Within fund, 'Debits' must equal 'Credits' (the fund must be self-balancing) ...

Guiding principles that influence the budget development process: ... Re-structuring regional cooperative vendor contracts (i.e. IKON copier contract) OPEB ...

IAS 19 - Pensions and other employee benefits ... OPEBs Recognition of net funded status The recognition of the overfunded (asset) or underfunded (liability) ...

American workers' health care costs: $1,500 per car. Ford Forced into Major Layoffs ... Debt ratings may be changed if peers are funding OPEB ...

Oregon Public Employees' Benefit Board. Other Postemployment Benefits (OPEB) ... Retiree Discounts (PUD) 2. Oregon PEBB. July 1, 2006 OPEB Valuation ...

What Do the ARC and the Net OPEB Obligation Tell Me as a Reader of the Financial ... The net OPEB obligation indicates whether since implementation of Statement 45 ...

Lowest rates in a couple of years, and overall, near historic absolute lows. Just makes me wonder about long term fixed income portfolio management. Borrowers have lower probability of default (which is great and assumes current controls on credit availability stay intact), and lenders don't face early payoff risk. Wonder how much capital is going to be tied up as dedicated against specific liabilities (insurance companies) for longer terms. Interesting. Also wonder what effect this could have on local public employee retirement plans, and the endowment of University of Memphis, Christian Brothers University, Rhodes, etc. Common logic dictates that there be proportional exposure to fixed income, however, in an ultra low yield world, does that make sense? Consider the delta between the rate of return on fixed income vs. rate of appreciation for retiree benefits (COLA's) and, worse yet, the rise in medical and OPEB. 

'Retirees and their eligible dependents shall be ... COBRA. Special termination benefits. Unless the effect is an increase in benefits that are OPEB ...

A State that is able to fund all past, present and future costs of its OPEB ... outside actuary with the goal of assuring a complete and comprehensive first valuation. ...

The Great GASB: Solutions to Statement 45

For example, BNSF describes its benefit formula as follows: ... BNSF's funding policy is to contribute annually not less than the regulatory ...

George Harris Systems Accountant - AFIRs. 5. LGC Contacts ... Verify that all your bank accounts are denoted as public accounts supposed function of INV-91 ...

... with a transaction nor the legal, tax or accounting effects of consummating a transaction. ... benefits; leads to funding holidays, followed by gen fund ...

Direct employer contributions (either % of pay or flat dollar amount) ... with funds accumulated since hire to pay qualified expenses for self & family ...

When should an actuary (if any) be engaged? Is there an implicit rate subsidy? ... Has an actuary been engaged to determine the funding status of the plan? Derivatives ...

Sharon R. Russell, CPA. November 2006. OVERVIEW. GASB Update Statements 42-48 ... Does not submit application for grant or contributions ...

Voluntary and Involuntary Termination Benefits Governmental Accounting Standards Board 47 New Process/New DOS codes GASB 47 went into effect July 1, 2005 Campus ...

County of Riverside Office of the Auditor-Controller ... Most governments expense each year on a Pay-as-you-go approach (i.e., retiree ...

Webinar VEBAS PRE-FUNDING RETIREE HEALTH BENEFITS And a lot more. VEBAS PRE-FUNDING RETIREE HEALTH BENEFITS Whether you are a benefits manager, administrator ...

for daughters and sons separately. Correlation analyses. on optimism ... Fathers' optimism has stronger influence on optimism components of daughters than sons ...

John Deere 4520 Tractor Operator’s Manual Instant Download (Publication No.OMR46935)

Evaluating Corporate Pensions from a Rating Agency Perspective Waylon Iserhoff Vice President CIA Pension Seminar Colloque sur les r gimes de retraite

TOWN OF SWAMPSCOTT FINANCIAL FORECAST FISCAL YEARS 2015 2019 Tom Younger Town Administrator November 6, 2013 Budget Pressures Any Economic Recovery Underway is ...

John Deere 4520 Tractor Operator’s Manual Instant Download (Publication No.OMR46935)

John Deere 4520 Tractor Operator’s Manual Instant Download (Publication No.OMR46935)

John Deere 4520 Tractor Operator’s Manual Instant Download (Publication No.OMR46935)

Its Only Money

Postemployment Health Care Benefits ... 2003 Portman-Cardin bill ... H.R. 2177, Healthcare Enhancement for Local Public Safety (HELPS) Retirees bill. ...

Moody's will make inquiries about valuation dates as minimum triennial valuation ... No significant changes to credit metrics subsequent to the adoption of SFAS 158 ...

Government Accounting Standards Board issued Statement No. 45, Accounting and ... Medicare Part D will shave some costs for post-65 retiree population ...

New Employees Starting After 1/1/06 Have No City Subsidy at Retirement ... like the Retirement Health Savings Plan and other Employee Savings Accounts. ...

New GASB Vision Statement. Working with input from GASAC. Keith Johnson, NASACT representative ... Communication Methods Concepts Statement ED ...

EFFECTIVE LEADERSHIP THROUGH TOUGH ECONOMIC TIMES Charlie Meyer What Is The Core Essence Of An Effective Leader? How is leadership defined? Leadership Definitions ...

Should report interest collected, remitted, and owed to State at June 30 ... Friday, April 27 at Hickory Convention Center. Dave Bean from GASB featured speaker ...

OTHER POST EMPLOYMENT BENEFITS. Presented by: Kathy Guralski, CPA ... Accounting and financial reporting by employers for post employment benefits ...