2023 Annual Conference Sessions: Compensation and Benefits
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Sessions for Sunday, May 21
No compensation and benefits sessions for May 21
Sessions for Monday, May 22
Be in the Know: The Role of HSAs, FSAs, HRAs, and OPEB
Don't know the difference between common notional accounts that governments are able to offer? In this session, speakers will explain the differences between health savings accounts (HSAs), flexible spending accounts (FSAs), and health reimbursement arrangements (HRAs) from the perspective of a finance office and what is required to administer each. In addition, speakers will cover recently-updated GFOA best practices regarding other postemployment benefit (OPEB) plans, and describe actions you can take as an OPEB plan sponsor that may affect your credit rating.
Sessions for Tuesday, May 23
Retirement Policy Updates: What You Need to Know
The new Actuarial Standard of Practice introduces multiple new considerations and requirements for public pension plans for calculating “reasonable” actuarially determined contributions and assessing the implications of a funding policy. In this session, speakers will walk through the meaning of the most significant change to the standard, explain the introduction of a measure called the “Low-Default-Risk Obligation Measure,” and discuss how SECURE 2.0 builds on the 2019 SECURE Act and impacts nearly every aspect of retirement plan administration. Attendees will also learn how these new improvements and effective mandates enhance their governmental retirement plan and what changes are coming next.
Sessions for Wednesday, May 24
Easier Said than Done: Attracting and Retaining Public Finance Talent in the New World of Work
As outlined in Meeting Demand for State and Local Public Finance Jobs, a report released in Fall 2022 by GFOA and Lightcast, demand for state and local public finance officers is outstripping the current supply of workers in our sector. To address this phenomenon, governments need to adapt and find creative ways to attract new workers and retain existing ones. At this session, hear from local government leaders about what they are doing to address this problem and get some ideas to try in your own organization.
