GASB 45 Strategies

May 5, 2011
Lorman Education Services
Teleconference

1 - 2:30 p.m. ET

This teleconference is critical for any governmental employer with other post-employment benefits (OPEB) liabilities. The teleconference will provide vital information and planning techniques that will enable employers to avoid the potentially disastrous consequences of failing to identify, control and fund its OPEB liabilities. Most states, municipalities and governmental agencies are aware they are required to comply with GASB 43 & 45, but it is very important to understand the implications a large unfunded OPEB liability will have upon their credit rating and their ability to borrow. It is also critical to understand how closely the major credit rating agencies will be monitoring their efforts to fund those unfunded liabilities.

This teleconference helps the people responsible for compliance with GASB 43 & 45 understand the steps that will be required to report liabilities in accordance with GASB 43 & 45 and how to establish policies and processes to control and fund OPEB liabilities.

The teleconference also covers a systematic process for identifying and analyzing those aspects of existing programs that will yield the most tangible reductions in OPEB liabilities and other techniques to control and fund existing liabilities. Governmental entities that fail to identify, control and implement a plan to fund OPEB liabilities will most likely suffer severe downgrades in their credit ratings, greatly increasing borrowing costs and possible bankruptcy.

Faculty:

Harvey Katz