OPEB - Private Sector

OPEB 101

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OPEB University

We've put together videos, white papers, and blog posts to help you better understand GASB 74, GASB 75, OPEB and other benefit topics for municipalities.

As Director of Operations at Odyssey Advisors Francis is excited to utilize a decade of industry experience to assist the Odyssey team in developing solutions to client problems in a complete and efficient manner.

Have questions related to OPEB?  I’d be more than happy to explain or clarify anything you are curious about.

- Francis Fraine, Actuarial Consultant

GFOA – come to booth

By Parker Elmore | May 27, 2015

With the GFOA show in Philadelphia only days away, I’m sure you’re excited for all the new content at the event as well as the fun things to do in Philadelphia.  I hope you’ll have a chance to stop by our Odyssey Advisors exhibit at booth 715 in the Exhibit Hall.  We’ve developed a new…

GASB 45, ACA & the “Excise Tax”

By Parker Elmore | April 2, 2014

Under the Patient Protection and Affordable Care Act (“PPACA”), an excise tax will be imposed for tax years beginning after December 31, 2017 for high cost employer sponsored health coverage. The law specifies a 40% excise tax to be paid by the provider of such coverage of the excess value beyond a basic dollar amount…

Pension Obligation Bonds And How They're Viewed

By Parker Elmore | January 9, 2014

A Pension Obligation Bond has a ripple effect. The key is to thoroughly investigate from the outset whether or not this financial instrument is the most suitable choice. It is a long-term commitment involving a fixed repayment schedule. The rewards forever hold the promise of outweighing the risk. Each municipality has a different degree of…

GASB 45 Compliance Made Easy

By Parker Elmore | October 31, 2013

Municipalities should never have to be burdened by the complexities associated with GASB 45. Here is a rundown of some principles to bear in mind. GASB 45 requires governmental organizations to report the long-term liabilities associated with OPEBs being offered to retirees. These do not include pension or deferred compensation plans. GASB 45 focuses on…

Municipal employees discussing common issues around a conference table

Two Large Issues Municipalities Face

By Parker Elmore | July 18, 2013

Two of the largest issues facing municipalities today are underfunded pensions and unfunded “other” post-employment obligations (“OPEB “). Historically, public accounting rules have allowed these obligations to be largely hidden or less visible to investors and taxpayers. Change is being phased in through the introduction of new GASB standards that require municipalities to disclose the…