OPEB/GASB 45/75

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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19
Oct
2016

NEW Webinar! Managing Your OPEB and Other Benefit Liabilities

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

Financial and educational experts from PARS, CSBA and School Services of California recently joined together for a special webinar designed for K-12 districts on “Managing Your OPEB and Other Benefit Liabilities”.

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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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