Several states (Minnesota, Iowa, Indiana and Florida) have a "mandated" implicit rate subsidy. That means almost every public-sector employer in these states has an OPEB liability. Each of these states has a statute that says public employers: must allow retirees to stay in the health plan until …
The VIA Retirement Planning Blog
GASB 45: the Last Wave
We're on the last wave of compliance with GASB 45 accounting for other post-employment benefits (OPEB). The biggest calendar-year employers (Phase 1) started in 2007, midsize (Phase 2) in 2008. Now it's 2009 audit season, when smaller employers (Phase 3) will shift from cash-basis OPEB accounting …
Multiemployer Defined Benefit Plan Summary Report
One little noticed PPA requirement is the multiemployer summary plan report. It’s due to participating unions and contributing employers within 30 days after 5500 due date (starting with the 2008 5500), so one should have been filed already for most multiemployer pension plans. The Department of …