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DESCRIPTION:Figuring Out OPEB Reports\nJoin us for lunch and a presentation
  on obtaining a better understanding OPEB actuarial reports.  An OPEB repo
 rt is the report provided to municipalities to comply with GASB Statement 
 45 and provides an analysis of liabilities and cost for other Post-Retirem
 ent Benefits other than retirement. The nature of the report is complex be
 cause it combines concepts of health insurance with concepts of pension re
 porting.  This session is designed to help the attendee understand the act
 uarial concepts more clearly and what are the right questions to ask the a
 ctuary before presenting the report to the Board.\nThe session will examin
 e the requirements of GASB Statement 45 and how the report should address 
 those requirements.  The session will touch on the two most commonly used 
 actuarial “methods\,” to compute liabilities but will address in more deta
 il the various actuarial assumptions and how they interplay with each othe
 r and the ultimate results.  The session will show how the components of t
 he Net OPEB Expense are calculated and brought forward from year to year. 
  The session will finish up with a brief introduction to GASB Statement 75
 \, which will replace GASB Statement 45.\nIf available\, please bring your
  most current OPEB actuary report to the session.\nAGENDA - click here to 
 download pdf11:45 AM - Check-In and Networking12:00 PM - Lunch12:30 PM - P
 resentationSpeaker: Mitchell I. Serota - President\, Mitchell I Serota & A
 ssociates\, Inc.\nLearning Objectives:Participates completing this session
  will be able to:\n\nGain a more thorough understanding of the purpose of 
 the OPEB report and how it is prepared.\nGain a better appreciation for th
 e actuarial assumptions and methods used in computing liabilities and Net 
 OPEB Expense\nDiscern the difference between a poorly prepared report and 
 a well thought out report\nAcquire an ability to ask probing questions of 
 the actuary before the report is sent to Board members.\n\nIntended Audien
 ce: All finance professionalsDelivery method: Group LiveProgram Level: Ove
 rviewPrerequisites: No prerequisites required Advanced Preparation: No adv
 anced preparation requiredField of Study: Accounting (Governmental) Earn a
 bout 1.0 CPE credit \nCONTACT INFORMATION\nIGFOAinfo@igfoa.org630-942-6587
DTEND:20151023T140000
DTSTAMP:20260418T212310
DTSTART:20151023T114500
LOCATION:Short Hills Country Club\, 2500 11th St\, East Moline\, IL
SEQUENCE:0
SUMMARY:Quad Cities Finance Lunch Crunch - Figuring Out OPEB Reports
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