Pensions and Benefits Articles
Articles from the Government Finance Review
- February 2008
OPEB in Perspective: GASB Statement No. 45 Four Years Later
Other postemployment benefits have been a thorn in the side of many governments since the overnmental Accounting Standards Board issued Statement No. 45; now is the time to make some of the tough decisions.
Stephen J. Gauthier
- June 2006
- Dispelling OPEB "Urban Legends"
Recently, it has become apparent that there are a number of common misconceptions about what GASB Statement No. 45 does and does not require. To avoid potential misunderstandings, this article underscores five important facts about GASB Statement No. 45. Stephen J. Gauthier
- December 2005
Funding OPEB Liabilities: What Are Your Options?
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.