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OD:The Impact of GASB 45 and Emerging Strategies for Post Employment

Recorded November 8, 2007

Overview

The Governmental Accounting Standards Board (GASB) issued Statement 45, "Accounting and Financial Reporting by Employers for Post-Employment Benefits Other Than Pensions," in 2004.  Large public employers are required to implement the standard this fiscal year.

The impact of GASB 45 continues to reverberate throughout the community. Although GASB 45 is intended to improve reporting and accountability related to promised post employment benefits, a huge resulting impact is the reconsideration of plan design and new focus on funding alternatives.

Join speakers from Hewitt Associates and University of Michigan for an implementation refresher, discussion of the far reaching impact of GASB 45 and what every public higher education employer needs to know to respond effectively.

What You Will Learn:

• GASB 45 implementation strategies
• Evaluation of alternative plan designs in order to reduce employer liability
• The impact on employer credit ratings and rating agency reactions
• Real-life case studies that summarize recent plan changes and how the changes affected costs
• Opportunities for pre-funding retiree medical benefits
• Financial modeling and long term projections to assess financial health
• How GASB 45 fits within larger trends in employee benefit design

Who Should Participate:

• Controllers
• HR Directors
• Chief Business Officers
• Chief Financial Officers
• AVPs of finance and administration
• Associate and assistant controllers

Meet the Presenters:

• Cheryl Soper
• Noel Thomas
• Allen Steinberg

Course Information:

• Course Level: Intermediate to Advanced
• Length: 90 minutes
• Prerequisites: none

Fees