OPEB Training SeminarsHighlighted Training
Upcoming Trainings
See Full Schedule of GFOA Trainings and Register GFOA Training Sessions and Descriptions Managing Your OPEB Liability
No prerequisite
CPE Credits: 8
1 Day
9 a.m. – 5 p.m.
Who Will Benefit This one-day seminar is designed for finance professionals who have either direct or indirect responsibility for the management or funding of other postemployment benefits (OPEB). Program Complying with new Governmental Accounting Standards Board standards for OPEB is only the beginning. The real issue facing local governments is ensuring that the benefits offered to retirees are sustainable. Hear from experienced practitioners who have gone through the process of modifying their plan design, establishing trusts, identifying revenue sources, and securing the necessary buy-in from employee groups. Share experiences with other governments facing similar challenges. The GFOA’s OPEB Toolkit, an online collection of resources, leading practices, and case studies designed to assist governments in developing OPEB strategies will also be introduced.
Seminar Objectives
Successful completion of this course will enable the participant to: - Define and describe each of the OPEB decision points
- Understand the steps necessary to establish a trust
- Distinguish between multiple funding strategies
- Utilize techniques for controlling healthcare and benefit claim costs
Recommended Reading
An Elected Official's Guide: Employer's Accounting for Pensions and Other Post-Employment Benefits (OPEB) Registration Fees GFOA member: $370; Nonmember: $550
Accounting for Pensions and Other Postemployment Benefits No prerequisite
CPE Credits: 8
1 Day 9 a.m. - 5 p.m. Who Will Benefit
This one-day seminar is designed for finance professionals who have either direct or indirect responsibility for pensions and other postemployment benefits (OPEB), either in connection with a pension/OPEB plan or in connection with a governmental employer that offers such benefits. Program
The seminar provides a detailed examination of the GASB's accounting and financial reporting guidance for pension and OPEB plans and participating employers. It also offers practical guidance on preparing a comprehensive annual financial report (CAFR) for public employee retirement systems (PERS). Seminar Objectives- Terminology and background
- Employers' accounting for pensions
- Actuarial methods
- Employer's note disclosures for pensions
- Introductory section of a PERS CAFR
- Financial statements and supporting schedules for pension plans
- Trend data for pension plans
- Note disclosures for pension plans
- Actuarial section of a PERS CAFR
- Investment section of PERS CAFR
- Statistical section of a PERS CAFR
- Employers' accounting for OPEB
- Financial reporting for OPEB plans
Recommended ReadingAn Elected Official's Guide to Public Retirement Plans Registration FeesGFOA member: $370 Nonmember: $550
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