This OnDemand Webinar is critical for any governmental employer with other post-employment benefits (OPEB) liabilities. The program will provide vital information and planning techniques that will enable employers to avoid the potentially disastrous consequences of failing to identify, control and fund its OPEB liabilities. Most states, municipalities and governmental agencies are aware that they are required to comply with GASB 43 and 45, but it is very important to understand the implications that a large unfunded OPEB liability will have upon their credit rating and their ability to borrow. It is also critical to understand how closely the major credit rating agencies will be monitoring their efforts to fund those unfunded liabilities. This OnDemand Webinar helps you, as the person responsible for compliance with GASB 43 and 45, understand the steps that will be required to report liabilities in accordance with GASB 43 and 45 and how to establish policies and processes to control and fund OPEB liabilities. The program also covers a systematic process for identifying and analyzing those aspects of existing programs that will yield the most tangible reductions in OPEB liabilities and other techniques to control and fund existing liabilities. Governmental entities who fail to identify, control and implement a plan to fund OPEB liabilities will most likely suffer severe downgrades in their credit ratings, greatly increasing borrowing costs and possible bankruptcy.

Date: 2011-11-02
Time: -

Overview and Effective Dates
• Current Practices
• Changes Mandated by GASB 43 and 45
• Practical Implications of GASB 43 and 45
• Effective Dates

Plan and Trust Requirements
• GASB Requirements Concerning Trust Funds
• Funding Implications Regarding Trust Fund Requirements
• Trust Options and Alternative Arrangements
• Plan Documents and Benefits of Formally Documenting Benefit Arrangements

State Enabling Legislation
• Ability for States and Municipalities to Establish OPEB Trust Accounts
• Combining Trust Accounts and Entities for Funding, Benefit and Investment Purposes
• Cost Allocation Issues in Multiple Entity Arrangements
• Home Rule and Other Issues Concerning Municipals OPEB Systems

Benefit Cutbacks and Other Cost Saving Issues
• Legal Issues Arising in Connection With Benefit Reductions
• Negotiated Benefits and Union Contracts
• Integration With Medicare Benefits
• Other Cost Saving Measures

Harvey M. Katz, Esq., Fox Rothschild LLP

CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Click here for detailed credit information

This live audio conference is designed for attorneys, public records administrators, city managers, mayors, county and municipal officials, finance directors, law enforcement officials, accountants and school administrators.

GASB 45 Strategies