Attend this session to hear practicing consultants discuss the Governmental Accounting Standards Board (GASB) Statements 74 and 75, the GASB Implementation Guides, and Actuarial Standards of Practice number 6 (ASOP 6) applicable to the valuation and accounting of public-sector other post-employment benefit (OPEB) programs. Presenters review the assumptions and methods that are prescribed by the GASB Statements and Implementation Guides, and assumptions and methods that are required by ASOP 6. In particular, the presenters will review the development of the discount rate for programs that are fully or partially pre-funded in a qualified OPEB trust. Finally, the presenters will discuss similarities and differences between pension and OPEB accounting such as performing separate valuations for pre-funding and financial reporting.

Speakers