Insights

Woman in a yellow top dropping a coin into a piggy bank for savings

Three GASB 74 Requirements to Remember When Establishing an OPEB Trust

By Parker Elmore | June 4, 2021

KEY POINTS OPEB plans offer benefits other than pensions for former or retired employees such as healthcare, dental insurance, life…

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Close up shot of two men, a town employee and an actuary, reviewing documents to determine the OPEB Discount Rate

Top 5 Factors that Determine Your OPEB Discount Rate

By Parker Elmore | May 27, 2021

KEY POINTS Per GASB Statement 75, government entities that sponsor Other Postemployment Benefits (OPEB) Plans are required to get a…

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Non-entitlement unit of local government with government official speaking to constituents

U.S. Treasury Releases ARPA Funding Guidance for Non-Entitlement Units of Local Government

By Stephanie Irvin | May 26, 2021

KEY POINTS Following recently released guidance for the American Rescue Plan Act’s (ARPA) Coronavirus State and Local Fiscal Recovery Fund,…

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Two public sector employees looking at an online calendar to determine when they need to do their OPEB valuation.

How Often Should You Do an OPEB Valuation?

By Samantha Schneider | May 24, 2021

Key Point GASB Statement 75 requires state and local governments that sponsor an Other Post Employment Benefits (OPEB) Plan to…

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Government employees discussing actuarial valuation report

10 Key Assumptions or Factors Used to Determine Your OPEB Liability

By Parker Elmore | May 19, 2021

KEY POINTS OPEB (“Other Postemployment Benefits”) plans offer benefits to former or retired employees other than pensions such as healthcare,…

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U.S. Treasury Releases Guidance on the Coronavirus State and Local Fiscal Recovery Fund

By Stephanie Irvin | May 12, 2021

KEY POINTS The U.S. Treasury released additional guidance on the Coronavirus State and Local Fiscal Recovery Fund program. Of the…

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Government employee standardizing pension plan reporting in compliance with GASB 67 and GASB 68.

GASB 67 and GASB 68: What’s the Difference?

By Parker Elmore | May 11, 2021

Key Points Governmental Accounting Standards Board Statement No. 67 (GASB 67) – Financial Reporting for Pension Plans Governmental Accounting Standards…

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The House and Ways Committee approved the Securing a Strong Retirement Act (better known as the SECURE Act 2.0) Wednesday, May 5th.

SECURE Act 2.0 Clears House Committee with 6 Key Revisions

By Andrew Taggart, ASA, EA, ACA, MAAA | May 6, 2021

KEY POINTS The Securing a Strong Retirement Act of 2021 (better known as SECURE Act 2.0) was passed by the…

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FSA vs HSA vs HRA: Which One is Better?

By Samantha Schneider | May 3, 2021

KEY POINTS The 3 most popular employer-sponsored healthcare accounts you can supplement your current healthcare insurance with are Flexible Spending…

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Medical professional examines a patient with Medicare Advantage

What’s the Difference Between Medicare Supplement and Medicare Advantage?

By Francis Fraine | April 30, 2021

KEY POINTS Original Medicare covers a majority of basic health necessities, but not everything. Medicare Supplement (also known as “Medigap”)…

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