California School Boards Association (CSBA)

If you wait, it could cost your district more later

Are you one of the 550 California districts, community colleges or county offices that provide post-retirement health and welfare benefits?

If the answer is yes, start planning now for the new Government Accounting Standards Board (GASB) accounting rules that will dramatically change the way your district accounts for the costs of post-employment benefits for employees.

If you are proactive in addressing the impact of GASB 45 by looking at funding and other options, your district can soften the financial impact in the future.

GASB 45 Solutions

CSBA is working with leading professional companies to provide your district/county office with a comprehensive one-stop GASB 45 Solutions program.

With CSBA’s GASB 45 Solutions program, your district or county office will have access to …

• Respected and qualified actuaries to calculate the GASB 45 liability

• Respected and qualified consultants to recommend strategies to address the unfunded GASB 45 liability

• A GASB 45-compliant trust to pre-fund future obligations

• A nationally-recognized trustee to safeguard and administer funds

• Year-round administrative and compliance support

• An investment oversight committee that will review performance of investment managers and results

• A broad selection of investment options, including equity and fixed income products

• Detailed investment and trust reports

For more information check out http://www.csba.org/ds/gasb45.htm

Contact a PARS consultant today at:

(800) 540-6369