Accounting for Pensions and Other Postemployment Benefits

Course Overview

Title	Accounting for Pensions and Other Postemployment Benefits
Level	Advanced
Prerequisite	Experience preparing or auditing financial statements for state or local governments that offer postemployment benefits, or experience preparing financial statements for a public employee retirement system.
Field of Study	Accounting — Governmental
Topics	Accounting and Financial Reporting
Format	Offered Both as Group-Live Class and E-Learning Opportunity
CPE	8

The seminar is designed to equip participants with a solid working knowledge of accounting and financial reporting for pensions, other postemployment benefits (OPEB), and termination benefits. It also offers practical guidance on how to prepare a comprehensive annual financial report for a public employee retirement system (PERS).

Learning Objectives

Those who successfully complete the seminar should be able to:

Distinguish pension benefits from OPEB
Distinguish postemployment benefits from termination benefits
Identify each of the different types of pension and OPEB arrangements
Understand the appropriate accounting and financial reporting for employers in each type of arrangement
Describe the basic elements of an actuarial valuation
Identify the five major sections of a PERS comprehensive annual financial report and the contents of each
Determine the appropriate measure of cost for termination benefits.

Who Will Benefit

CFO/Finance Director

Controller

Accountant

Auditor

Schedule and Sample Agenda

Format	Agenda	CPE	Day 1	Day 2	Day 3	Day 4	Day 5
Group Live		8 CPE	8 Hours
E-Learning		8 CPE	4 Hours	4 Hours

Register

Scheduled Offerings	Format / Location
October 28-29, 2021	E-Learning

Note: Due to the COVID-19 pandemic, GFOA has cancelled all Group-Live training events through September 2021.

Course Instructors

This course is taught by finance officers and other industry experts.