Employer OPEB & GASB
The Georgia 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 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 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 FY2018
The Fiscal Year 2018 audit of the schedule of employer allocations of DCH'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 FY2018
The Fiscal Year 2018 audit of the schedule of employer allocations of DCH's Georgia State Employees Postemployment Benefit Fund performed by the Department of Audits and Accounts and the Actuarial Report are available below.
DCH Finance began emailing Employer Packets on May 31, 2019. If you have not yet received your Employer Packet, please see DCH Finance contact below.
On July 1, 2019 employer packets for individual employer required disclosures and supplementary information will be 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 Employers 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 Terry Conrad, Sr. Manager DCH Finance, at Terry.Conrad@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 website at https://sao.georgia.gov/other-postemployment-benefit-opeb-accounting-changes.