Accounting for Pensions and Other Postemployment Benefits

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Training Type: 
Live Training
Date and Time: 
Dec 9 2019 - 8:30am to 4:30pm  CST
Region: 
Central
Location: 

Austin, TX (Sheraton Austin Hotel at the Capitol)

701 E 11th St
Austin, TX 78701
United States
See map: Google Maps
Phone: 
(512) 478-1111
Level: 
Advanced
Field of Study: 
Accounting – Governmental
CPE Credits: 
8
Member Price: 
$405.00
Non-Member Price: 
$605.00
Prerequisite: 

Experience preparing or auditing financial statements for state and local governments that offer pension or other postemployment benefits (OPEB) to employees, or financial statements of pension or OPEB plans.

Speakers: 
Michele Mark Levine
Director, Technical Services
GFOA
Todd Buikema
Assistant Director of Publications, Technical Services
GFOA
Who Will Benefit: 

Anyone involved with preparing or auditing: 1) financial statements for state or local governments that offer pension or other postemployment benefits (OPEB) to employees, or 2) financial statements of pension or OPEB plans.

Program Description: 

The seminar is designed to equip participants with a solid working knowledge of accounting and financial reporting for both pensions and OPEB. It also offers practical guidance on how to prepare a comprehensive annual financial report (CAFR) for a public employee retirement system (PERS).

Seminar Objectives: 

Those who successfully complete the seminar should be able to:

  • Distinguish pension benefits from OPEB;
  • Distinguish postemployment benefits from termination benefits;
  • Identify each of the different types of pension and OPEB arrangements;
  • Understand the appropriate accounting and financial reporting for employers in each type of arrangement;
  • Describe the basic elements of an actuarial valuation; 
  • Identify the five major sections of a PERS CAFR and the contents of each; and
  • Determine the appropriate measure of cost for termination benefits.

PARTICIPANTS ARE ENCOURAGED TO BRING WITH THEM A COPY OF THEIR GOVERNMENT’S OR PENSION PLAN’S CAFR.

Registration Form: 
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