Other Post-Employment Benefits

The cost of employee benefits has increased substantially in recent years, and this pattern appears unlikely to change anytime soon. A significant component of this increased cost relates to pensions and other post-employment benefits

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OPEB Toolkit

The cost of employee benefits has increased substantially in recent years, and this pattern appears unlikely to change anytime soon. A significant component of this increased cost relates to pensions and other post-employment benefits (OPEB), such as post-retirement healthcare. The recent decision of the Governmental Accounting Standards Board (GASB) to require that governmental employers accrue the cost of OPEB over the active service life of benefiting employees (GASB Statement No. 45, Accounting and Financial Reporting by Employers for Postemployment Benefits Other Than Pensions) has focused attention as never before on OPEB. This forum is designed to provide a practical way for interested parties to share questions, ideas, experiences, and strategies on the key finance-related issues associated with OPEB and the implementation of the GASB's new OPEB guidance.
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OPEB Toolkit

Postby OPEBforumAdmin on April 30th, 2009, 11:48 am

Governments need to take deliberate steps to ensure that any OPEB that they offer are sustainable over the long term (i.e., benefits are, and reasonably may be expected to remain, affordable to the government, as well as being competitive and sufficient to meet employee needs). Recognizing that this challenge includes many decision points, the Government Finance Officers Association (GFOA) designed the OPEB toolkit to be an online resource for decision making. The tools – a collection of templates, sample documents, video presentations, case studies and informational resources – are rooted in the experiences of GFOA members and based on GFOA recommended practices. While the toolkit is not designed to provide users with an immediate solution to their OPEB challenges, it is meant to provide directed guidance to help government officials understand the questions to ask and the decisions that need to be made.

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http://www.gfoa.org/index.php?option=co ... Itemid=326
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