Articles In This Month's Issue: December 2005

Funding OPEB Liabilities: What Are Your Options?

(PDF- 2.8M)GFR December 2005 Cover
As governments prepare to implement the new GASB requirements on accounting and financial reporting for other postemployment benefits, some will face significant liabilities. This article presents several strategies for managing OPEB costs, from advance funding to OPEB obligation bonds to changes in the actual benefits plan.
Parry Young


A Proactive Approach to Managing Health Care Costs:The City of Montgomery's Health Care Benefits Committee

Facing steep annual increases in premiums, the City of Montgomery, Ohio, decided to enlist its employees in finding ways to lower the city’s health care costs. Six years later, the city has been much more successful in controlling costs than its neighbors, and employees have greater ownership of and accountability for the city’s health care decision making.
Wayne Davis


Revisiting the DB-DC Question

The defined benefit pension plan, the mainstay of public retirement systems, has come under fire recently from those who contend that defined contribution plans cost less and facilitate greater budgetary predictability. Will the DB plan be able to weather the current storm? Read what experts on both sides of the issue have to say about the future direction of public employee retirement plans. 


Eyes Wide Open:The Pros and Cons of Deferred Retirement Option Plans

DROP is a relatively simple twist on the traditional defined benefit pension plan that has had significant negative impacts on the financial situation of some governments. Learn how this concept works and how to avoid the financial and public relations pitfalls that have made headlines the last few years.
Robert Dezube and John Garre


Using Technology to Enhance Capital Planning and Budgeting: Austin's eCAPRIS Project Reporting and Information Syst

When Austin annexed a 15,000-acre area in 1997, each city department had its own internal system for managing capital projects and reporting project status. The annexation led the city’s water utility to develop a Web-based CIP system that was later adopted citywide and used to bring greater standardization and efficiency to Austin’s capital program.
Greg Canally and Bruce Neitsch