New England Developments

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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03
May
2017

Rhode Island OPEB Funding Program Reaches Milestones

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

The Rhode Island Interlocal Risk Management Trust’s OPEB Funding Program, in less than two years in existence, has reached two important milestones; the Program now has in excess of $50 million in assets, and two participating entities have achieved their first fee reduction.

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16
Nov
2016

Plymouth County OPEB Trust Program – Designed for YOUR Needs

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

In addition to serving Plymouth County, the Plymouth County OPEB Trust Program (PCOT) is an OPEB prefunding solution for three other counties in Southeastern Massachusetts – Bristol, Barnstable and Norfolk.

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05
Oct
2016

PARS OPEB Trust Program: Great Investment Returns and Low Fees

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

Are you paying more than 0.07% of assets (7 basis points) for investment management? Have investment returns been low or even negative for the last year? If so, the PARS OPEB Trust Program is a great fit for your agency.

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