Products April 6, 2006

Tool Saves on Actuary Costs from GASB 45

April 6, 2006 (PLANSPONSOR.com) - PensionOnline.com has introduced a new tool for calculating other post-employment benefits (OPEB) liabilities as required by GASB 45.
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PensionOnline.com President Marco Brown, said in the announcement that the firm’s new tool will be available in two versions: a basic version to help municipalities estimate their own liabilities and a full-featured version for actuaries and fund administrators.

“Our basic tool lets municipalities calculate their OPEB liabilities and run scenarios without having to bring in an expensive actuary,” Brown said in the announcement. “[T]he tool will save a lot of time and effort in calculating these liabilities and give municipalities an extremely accurate basis for their planning and decision making.”

GASB 45  is the Government Accounting Standards Board (GASB) regulation requiring government employers to report their OPEB liabilities.

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