The new Governmental Accounting Standards Board (GASB) statement changes the Other Post employment Benefits (OPEB) accounting requirements for governmental entities. In addition, it requires them to include the full liability for retiree health benefits directly in their financial statements.
This change in accounting policy will have significant impacts on how a governmental entity presents its fiscal profile and also is likely to drive major changes in retiree benefit promises to public employees. As such, now is the time to reassess retiree health strategy.
This expert webinar explored both the immediate and longer-term impact of these changes on retiree health strategy, including:
Share this page