Finance Association Issues New OPEB Guidance Document

In a recent article in Governing magazine, columnist Girard Miller discusses a new set of practices issued by the Government Finance Officers Association to assist State and local governments with implementing a trust to fund Other Post Employment Benefits (OPEB).

…the Government Finance Officers Association (GFOA) has stepped up to the plate with a new guidance document providing best practices to public employers seeking to establish an OPEB trust. This primer covers the basic questions that most public officials and managers will face, outlines the basic legal options and pitfalls, explains in simple terms the paths available and the pros and cons of each, and directs readers to literature in the field to help support sound decision making. Any finance officer can start with this roadmap and easily chart a course to implement a trust within six months.

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