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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Elected Official's Guide to OPEB

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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Elected Official's Guide to OPEB

Postby OPEBforumAdmin on April 30th, 2009, 12:02 pm

A major challenge facing local governments is how to finance the cost of pensions and other post-employment benefits such as postretirement healthcare. While financial reports provide a wealth of information for making decisions, most decision makersEOG OPEB Book image find that information extremely difficult to understand and apply. This easy-to-understand and highly practical publication removes the mystery from pension and benefits accounting so that decision makers can confidently use the information contained in financial reports to make better decisions.

By Stephen J. Gauthier

Learn More

http://www.gfoa.org/index.php?option=co ... iew&id=160


Additional publications

http://www.gfoa.org/index.php?option=co ... iew&id=765
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