"Did you know public entities can offset their OPEB liabilities by pre-funding them in an irrevocable trust?"

GASB: Government Accounting Standards Board - an independent body that establishes financial accounting and reporting standards for state and local government (public) entities.

OPEB: Other Post Employment Benefits - various employee benefits (other than pension benefits) that employers promise to provide to their retired employees and their dependents

As many of you are aware, GASB Statement 45 requires entities who offer their retirees Other Post Employment Benefits (OPEB) to record these liabilities on their financial statements. Did you know entities can offset these liabilities by pre-funding them in an irrevocable trust?

Bickmore Risk Services & Consulting, Citigroup/Smith Barney/Consulting Group, Chandler Asset Management, and PFM Asset Management LLC have joined together to work with public entities in the formation of a joint powers authority (JPA) GASB 45 Investment Trust to provide public entities with the
ability to offset their OPEB liabilities through pre-funding.

This website is designed to educate you on GASB 45 requirements and the OPEB JPA Investment Trust. We invite you to review this site and ask us questions.

  • Why consider this GASB 45 Investment Trust?

    Click here for a timely presentation on the benefits and advantages of joining this JPA.

  • Ask questions!

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