Skip to content

OPEB

(Other Post-Employment Benefits)

Managing retiree healthcare costs has become increasingly challenging for plan sponsors.  Legislative activity, state requirements, underlying healthcare plan offerings, and accounting standards continue to change the landscape and options available to employers. GRS has helped hundreds of plan sponsors navigate these issues including: (1) financial reporting under GASB Statement Numbers 74 and 75, (2) pre-funding OPEB strategies, and (3) benchmarking and plan design. 

Our public sector experience and expertise in retiree healthcare have allowed us to retain over 600 OPEB clients.   What makes GRS different from other OPEB consulting providers is our depth of experience with the topic, work, and understanding of the public sector. 

Governments are seeking ways to provide benefits that are economically sustainable and affordable while also providing meaningful value to their retirees. We help governments manage and optimize their OPEB benefits strategy by advising on benefit levels and financing structure. At GRS, our consultants examine each of the areas and work with clients to create solutions that offer the greatest alignment with fiscal and benefit objectives.

Our OPEB valuations enable compliance with financial reporting requirements and the development of funding options to help pay plan obligations. We produce OPEB valuations using our state-of-the-art software specifically designed for governmental plans.

We also provide services that help plan sponsors manage the underlying retiree healthcare program. This includes Medicare Part D attestations, consulting on Employee Group Waiver Programs (EGWP), and benefit strategy.