27
Nov
2017

Need Budget Cuts? Consider an Early Retirement Incentive

Categories: California Developments,Early Retirement Incentives

School Services of California by Sheila G. Vickers, November 2017 As state revenues for education are slowing down, and as many schools and community colleges are declining in enrollment, we are hearing from many of you

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18
Nov
2017

Massachusetts State, Municipalities Face Growing Health Care Costs For Retirees

Categories: New England Developments,OPEB/GASB 45/75

  Boston Business Journal  by Jessica Bartlett and Greg Ryan, November 16, 2017 While the state’s pension woes have generated consistent newspaper headlines, as well as efforts reform on Beacon Hill. But the problem of funding

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31
May
2017

Recap: OPEB/GASB 75 Lunch & Learn in MA

Categories: New England Developments,OPEB/GASB 45/75,PARS In the News

On May 24 in Framingham, Massachusetts, PARS, Vanguard and Odyssey Advisors lead a productive “Lunch & Learn” session to help demystify the coming changes to OPEB accounting standards for municipal entities as it relates to their retiree medical programs.

GASB 74 & GASB 75 represent a significant change from the current standards and they shared the key points about how it will impact financial statements, when it’s effective and what can be done now to prepare.

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18
May
2017

Weymouth, MA to Join Plymouth County Trust for Retiree Health Costs

Categories: New England Developments,OPEB/GASB 45/75,PARS In the News

The Weymouth town council approved a proposal to enroll Weymouth post retirement health care for municipal employees in the Plymouth County OPEB Trust (PCOT) fund to comply with new financial recording requirements by the Governmental Accounting Standards Board. Councilor-at-large Michael Molisse , chairman of the budget-management committee said, ” a lot of work was done and they (PCOT) were highly recommended. I think it will be good.”

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10
May
2017

Does the CalSTRS Board Have Authority to Increase Rates After Last Statutory Increase?

Categories: California Developments,Pension Rate Stabilization

Does the California State Teachers’ Retirement System (CalSTRS) Board have the authority to make rate adjustments after the last statutory increase is implemented in 2020-21?

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