League Tool Addresses OPEB Liability by Providing Health Benefit Options for Retirees and Active Employees

摘要

Following the implementation of Governmental Accounting Standard Board Statement 68 (GASB 68), state and local governmental employers' financial statements must now disclose unfunded liabilities arising from Other Post-Employment Benefits (OPEBs). While these liabilities are not new, the enhanced transparency in reporting conveys important information that governmental employers and the public can use to measure the magnitude of an agency's unfunded OPEB liability and address a looming crisis.