Insights
Three GASB 74 Requirements to Remember When Establishing an OPEB Trust
KEY POINTS OPEB plans offer benefits other than pensions for former or retired employees such as healthcare, dental insurance, life…
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Top 5 Factors that Determine Your OPEB Discount Rate
KEY POINTS Per GASB Statement 75, government entities that sponsor Other Postemployment Benefits (OPEB) Plans are required to get a…
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U.S. Treasury Releases ARPA Funding Guidance for Non-Entitlement Units of Local Government
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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How Often Should You Do an OPEB Valuation?
Key Point GASB Statement 75 requires state and local governments that sponsor an Other Post Employment Benefits (OPEB) Plan to…
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10 Key Assumptions or Factors Used to Determine Your OPEB Liability
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
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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GASB 67 and GASB 68: What’s the Difference?
Key Points Governmental Accounting Standards Board Statement No. 67 (GASB 67) – Financial Reporting for Pension Plans Governmental Accounting Standards…
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SECURE Act 2.0 Clears House Committee with 6 Key Revisions
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?
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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What’s the Difference Between Medicare Supplement and Medicare Advantage?
KEY POINTS Original Medicare covers a majority of basic health necessities, but not everything. Medicare Supplement (also known as “Medigap”)…
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