2021 Virtual Conference Sessions: Compensation and Benefits

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Sessions for Monday, July 12

No compensation and benefits sessions for July 12

Sessions for Tuesday, July 13

No compensation and benefits sessions for July 13

Sessions for Wednesday, July 14

No compensation and benefits sessions for July 14

Sessions for Thursday, July 15

Thu
15 Jul
11:00 AM-Noon ET

Reap What You Sow: Financial Reporting for Defined Contribution Pension, OPEB, and Other Employee Benefit Plans

With the implementation of GASB Statements Nos. 84 and 97, governments will need to quickly make assessments about whether defined contribution pension and postemployment benefits other than pensions (OPEB) plans, including some IRS Section 457 plans, need to be included in their financial statements. This session will examine the process of determining whether 457 plans are defined benefit or defined contribution pension plans or other employee benefit plans, and how those determinations affecting their inclusion in or exclusion from a sponsoring government's fiduciary fund financial statements.

Thu
15 Jul
2:00 PM-2:50 PM ET

Overview of Defined Contribution and Deferred Compensation Plans

As local governments are considering and even adding elements of defined contribution and deferred compensation plans to their retirement offerings, it is important that the finance officer understand the fiduciary considerations of doing so. This session will highlight what finance officers should be aware of in terms of fiduciary responsibility as well as provide an update on trends in these retirement vehicles.

Sessions for Friday, July 16

Fri
16 Jul
11:00 AM-12:15 PM ET

No Such Thing as a Quick Fix: Cautionary Ideas to Address Pension Liabilities

With the economic downturn, governments are facing increased budgetary pressure. Additionally, pension plans may see lower than anticipated investment returns compelling governments to utilize short-term solutions to alleviate pension pressures. During this session, speakers will provide an update on the state of public pensions and explain several ideas proposed to reduce pension liabilities. For each option, speakers will discuss the business case in favor along with potential limitations, risks, and long-term challenges.

Sessions for Monday, July 19

No compensation and benefits sessions for July 19

Sessions for Tuesday, July 20

No compensation and benefits sessions for July 20

Sessions for Wednesday, July 21

No compensation and benefits sessions for July 21

Sessions for Thursday, July 22

Thu
22 Jul
2:00 PM-3:00 PM ET

Public Plans Data: Quick Access to Information on Public Plans at Your Fingertips

The Public Plans Data (PPD) began in 2007 as a tool to provide easy access to quick facts about public pensions at the national, state, system, and plan level. Now, in 2021, the PPD contains data from over ninety percent of pension assets and members in the United States. This session will provide an overview of the PPD, how finance officers can utilize the online tool, and highlight important research developed using the data.

Sessions for Friday, July 23

Fri
23 Jul
11:45 AM-1:00 PM ET

Show Me the Money: Trends in Compensation and Benefits Administration

Compensation and benefits are seen as important considerations for recruitment and retention and for many local government personnel costs can exceed seventy to eight percent of the operating budget. This session will explore both current trends in public sector compensation and current challenges in administering payroll. Specifically, speakers will highlight how the COVID-19 pandemic has changed payroll administration and how to deal with remote employees, taxable benefits, grant reporting, and out-of-state employees.

1.5 CPE credit