We’re on the last wave of compliance with GASB 45 accounting for other post-employment benefits (OPEB). The biggest calendar-year employers (Phase 1) started in 2007, midsize (Phase 2) in 2008. Now it’s 2009 audit season, when smaller employers (Phase 3) will shift from cash-basis OPEB accounting to GASB 45’s accrual basis: recognizing the cost over […]Read More… from GASB 45: the Last Wave
There’s an intriguing provision in the new health care reform law for retiree medical plans: 80% reinsurance for each early retiree’s claims between $15,000 and $90,000. The official summary is here. There’s a fixed amount of money available for this, just $5 billion. When it’s gone, it’s gone. And remember that $5 billion doesn’t go […]Read More… from The retiree health reinsurance gold rush
I’ve been amazed at how many times this little tidbit about the popularity of cash balance plans has appeared and reappeared in the news. That’s great, because many employers and financial planners are still unaware of what’s possible. It makes sense that a big surge has come since 2001. That was just after the […]Read More… from Cash balance plan surge
For a while now, we’ve been sharing knowledge around the office with “what I learned today” emails. Now we’re going to start sharing it with the rest of the world. Off we go… […]Read More… from What I learned today
