Understanding GASB OPEB Changes in Public Sector Health Care Benefits
GASB has introduced new standards for OPEB plans, similar to GASB 67/68 for pensions. The changes impact reporting and liabilities, requiring a blended discount rate and Entry Age Normal method. Employers must now carry the Net OPEB Liability on their balance sheets and provide extensive disclosures
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Understanding OPEB Requirements and Accounting in School Finance
OPEB, or Other Postemployment Benefits, are benefits received by retired employees earned during their careers. GASB Statements 45, 74, and 75 provide guidelines for reporting and accounting for OPEB in school districts. Compliance with GASB 75 is mandatory for all districts to determine OPEB liabil
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Providence Pension Reform and Pension Obligation Bond Working Group Meeting Highlights
The Providence Pension Reform and Pension Obligation Bond Working Group held a significant meeting discussing the state of the city's long-term finances. The event featured key introductions, panelists from various financial backgrounds, and city administration staff support. Presenters shared insig
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