For my #municipal peeps - ever wonder how your #OPEB liabilities & funding stack up to your peers? Of course you do.
Well, I've got good news. Samantha Schneider & Stephanie Irvin, MBA have compiled our annual OPEB Trend report with pretty graphics and great information.
The good news is that we see 92% of towns have begun pre-funding and 19% of them are over 20% funded (a long way to go but it's a start!).
Higher municipal bond rates mean higher discount rates (and lower liabilities). And, asset returns in 2022, 2023 and YTD in 2024 have been outstanding in the equity markets which have helped to increase those funded ratios.
Should you contribute more? Should you contribute more often? Should you invest more aggressively? Only you can answer but keep in mind these are long-term liabilities that are often the largest liability on a municipal balance sheet.
#stateandlocal #localgov #gasb75
We're excited to share our annual State of #OPEB Trend Report!
This report provides key insights for public sector OPEB plans. From municipal bond rate hikes to funding trends, 2023 was a year of change. Discover how these trends could shape your municipality's finance and liabilities.
Our team of experienced actuaries have taken these findings and made it easier for you to understand the implications and take informed action. It's time to equip your municipality with the knowledge to navigate the evolving landscape.
https://lnkd.in/g-uu5TzJ
#GASB #actuary #stateandlocal
Parker Elmore Samantha Schneider Kurtis Thompson ASA, MAAA Francis Fraine Kirby Elmore Prigioni Stephanie Irvin, MBA Luke Matchett Caleb White Andrew Taggart, ASA, EA, FCA, MAAA
Secretary General of African Tourism Board/ 100 most powerful people in Africa's travel and hospitality/Country director for international women parliament and CEO at Typical Ethiopia Tours
6moThis is powerful