Employer OPEB & GASB

The Department of Community Health (DCH) administers the two State of Georgia Other Post-Employment Benefit (OPEB) Plans: 1) the State OPEB Fund for state organizations, technical colleges, community service boards and public health departments, and 2) the School OPEB Fund for local school systems, libraries, and regional educational service agencies. New GASB 75 accounting standards impact the way OPEB plans are reported. These new standards will result in the recognition of liabilities that have always existed but are now required to be reported in the financial statements of each cost-sharing employer which includes your organization. The following information and links provide additional details regarding the new standards.
 
DCH Division of Financial Management Memo
 
The Memo to Financial Directors of SHBP Employing Entities provides information on GASB 75 Financial Reporting Requirements that will impact the way Other Post-Employment Benefit (OPEB) plans are reported and is available here.
 
Georgia School Personnel Postemployment Benefit Fund OPEB Plan Schedules of Employer Allocations and OPEB Amounts by Employer FY2017
 
The Fiscal Year 2017 audit of the schedule of employer allocations of the Department of Community Health’s Georgia School Personnel Postemployment Benefit Fund performed by the Department of Audits and Accounts and the Actuarial Report is available below.
 
Georgia State Employees Postemployment Benefit Fund OPEB Plan Schedules of Employer Allocations and OPEB Amounts by Employer FY2017
 
The Fiscal Year 2017 audit of the schedule of employer allocations of the Department of Community Health's Georgia State Employees Postemployment Benefit Fund performed by the Department of Audits and Accounts and the Actuarial Report are available below.  
 

Employer Packets

Employer packets for Individual Employer Required Disclosures and Supplementary Information are located in the SHBP State Health Repository Tool (SHRT) portal where employers access their monthly premium billing reports, in a folder named “OPEB.” Employers may access SHRT by logging into the SHBP Enrollment Portal here: https://myshbpga.adp.com/shbp/

Note: Contract payroll locations including critical access hospitals and healthcare centers, school board members and certain retiree payroll locations are excluded.

Example Note Disclosures

For example Note Disclosures, please refer to the applicable template below which will assist organizations that prepare their own stand-alone financial statements.  

Questions Regarding Employer Packets or Note Disclosures

For questions regarding the Employer Packets or Note Disclosures, contact Demetrius Brown at dbrown@dch.ga.gov or 404-463-0132.

Additional Information and Resources for GASB Statements

For additional information and resources about the new GASB statements, please refer to the State Accounting Office (SAO) website at https://sao.georgia.gov/other-postemployment-benefit-opeb-accounting-changes.