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Last Updated: 11/29/2022

Facing the Challenge of Retiree Health Care: Liabilities and Responses of State and Local Governments

The Federal Reserve Bank of Chicago and The Civic Federation presented a forum on retiree health care for state and local governments. Many state and local governments began reporting liabilities for other post employment benefits, including retiree health insurance, in their fiscal year 2008 financial statements. Participants at this forum discussed the anticipated scope of those liabilities, legal issues, funding challenges and responses from early implementers of the General Accounting Standards Board's statements GASB43 and GASB45.

Sunday, 11/16/14
8:00 AM
Registration and Continental Breakfast
8:30 AM
Welcome and Opening Remarks
William Testa, Vice President and Director of Regional Programs, Federal Reserve Bank of Chicago
Laurence Msall, President, The Civic Federation
8:45 AM
Panel I: Overview of OPEB Reporting, Scope and Challenges
Lisa Valentine, The Civic Federation
Dean Michael Mead, Research Manager, Government Accounting Standards Board
Barbara Bovbjerg, Director of Income Security division, U.S. Government Accountability Office
Bert Nuehring, Partner, Crowe Chizek and Company LLC
9:45 AM
10:00 AM
Panel II: Early Implementers from Neighboring States
Rick Mattoon, Senior Economist, Federal Reserve Bank of Chicago
Karen Carraher, Director of Finanace, Ohio Public Employees Retirement System
Robert J Daddow, Deputy County Executive, Oakland County, Michigan
Herb Bergson, Former Mayor of Duluth, Minnesota
11:00 AM
Panel III: Early Implementers from Illinois
Richard Ciccarone, Managing Director and Chief Risk Officer, McDonnell Investment Management, LLC
Pedro Martinez, Chief Financial Officer, Chicago Public Schools
Brain Caputo, Director of Finance, City of Aurora, Illinois
Mary Ann Boyle, Assistant Treasurer, Metropolitan Water Reclamation District of Greater Chicago
12:00 PM
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