GASB 43 OPEB Trust

If your governmental organization provides OPEBs (Other Post Employment Benefits), such as employer-sponsored retiree Medical Insurance, the GASB (Governmental Accounting Standards Board) requires you to conduct an actuarial valuation to determine your OPEB liability. This liability is required to be included on your annual financial statement, but can be offset to the degree that you fund it, including deposits to an Employee Benefit Trust (EBT).

NIS has OPEB solutions specifically designed for public sector organizations like yours to help you easily establish a trust and manage trust assets.

We Guide You From Start to Finish

NIS is on the leading edge of GASB trust creation and OPEB solutions, establishing our first GASB trust back in 2002 when the issue was first beginning to surface. NIS will assist you from start to finish with your trust implementation.

NIS will:

		Help you educate the Members of your Board and Finance Committee to ensure a thorough understanding of the GASB 45 valuation and GASB 43 Trust.
		Provide you with a prototype trust document.
		Help with implementation and administration.
		Work with your organization on suitable investments, per state statutes.
		Provide you with online access to your account, statements, performance measurement reports, holdings and transactions.
		Develop strategies that will reduce your OPEB liability.

Fixed-Interest Option

		Guaranteed minimum rate of return 1 .
		Interest rates never fall below the National Association of Insurance Commissioners’ rate (NAIC rate).
		No waiting periods or surrender charges when used to pay for retirement benefits 2 .
		NIS will use your current Trust document, or assist you in securing a Trust document.

Other Investment Options

		Short-term and long-term strategies to meet your investment goals and your cash flow needs.
		Multiple investments available including diversified allocation models that are actively managed.

1 Not FDIC insured. Guarantee based on the claims paying ability of the investment provider.

2 If the plan is terminated at the contract level, plan assets may be required to be withdrawn in 5 substantially equal payments over a period of 4 years. Assets may continue to be withdrawn for the purposes the trust was established. See the investment contract for details.

More Financial Solutions:

Strategies to Lower Medical Insurance Costs

Reduce or Eliminate Taxes on Special Payments Made to Employees at Retirement

FSA (Flexible Spending Account)

Find Your Regional Office:

Select Your State Arizona Arkansas Connecticut Florida Georgia Illinois - Northern Illinois - Southern Indiana Iowa Kansas Kentucky Maine Maryland Michigan Minnesota Missouri Nebraska Nevada New Hampshire New Jersey North Dakota Ohio Oklahoma Oregon Pennsylvania South Dakota Tennessee Vermont Virginia Washington West Virginia Wisconsin Other

Connect with NIS!: