GASB 43 and 45 is one of the most important accounting standards ever issued that will impact government and municipal employers. Understanding, valuing and accounting for benefits provided to retired employees will be challenging and complex.
Jefferson Solutions assists government and municipal employers in obtaining answers to some of the more complex issues affected by the new accounting standards. Some issues to be addressed are:
- To fund or not to fund the obligations?
- How can the costs of the post employment benefits be controlled?
- Given health care trends, what will the cost of providing these benefits look like in future years?
- What plan designs can be used to provide competitive benefits to employees and affordability to the entity?
