Podcasts about opeb

This session shares the Franklin (MA) Town Council Meeting of Wednesday, March 5, 2025. All 9 of the members participated in Council Chambers. The audio is in 2 sections:1 - the beginning and the ending (1 hour 40 mins)2 - the FY 2026 preliminary budget review & discussion (2 hours)Quick recap:Part 1 - non budgetPolice officer Steven Dejoie sworn in replacing Officer Lawrence who had retired a couple of months agoA string quartet of FHS students played a brief piece as part of a recognition of their music achievements which also resulted in a formal proclamation of their accomplishments. Many other students recognized were in the audience as wellDan Sherman provided the annual update on the town progress towards funding their OPEB liability. We are in good stead, better off than many other MA communities. We will do better once the Norfolk Retirement liability is paid off (2035ish) and that amount of funding can be shifted to the OPEB liability to advance the payoff scheduleApproval for easement granted to DCR for access to SNETT extension, also a commitment from them for $1M to help prepare it when the trail does become ours (will take time with Federal process)From TA Report - another first in that the Town is first in using opioid funding for the Art Pharmacy program, more to come on this exciting opportunity for health with an economic development aspect for local arts/culture organizationsLet's listen to this section of the meeting recording which runs about 1 hours and 40 minutes. Audio link -> --------------Franklin TV video -> https://www.youtube.com/watch?v=oAHS9BRE4cA&t=100 The agenda doc ->https://www.franklinma.gov/AgendaCenter/ViewFile/Agenda/_03052025-1608 The budget preview presentation ->https://franklinma.gov/DocumentCenter/View/4620/2025-03-05-Budget-Update---Town-Coucil-Version-PDF My notes captured during the sessionhttps://drive.google.com/file/d/1TELQ8ylitbI6RxGjNDCll4poFZsu2ONg/view?usp=drive_link -------------We are now producing this in collaboration with Franklin.TV and Franklin Public Radio (wfpr.fm) or 102.9 on the Franklin area radio dial. This podcast is my public service effort for Franklin but we can't do it alone. We can always use your help.How can you help?If you can use the information that you find here, please tell your friends and neighborsIf you don't like something here, please let me knowAnd if you have interest in reporting on meetings or events, please reach. We'll share and show you what and how we do what we doThrough this feedback loop we can continue to make improvements. I thank you for listening.For additional information, please visit Franklinmatters.org/ or www.franklin.news If you have questions or comments you can reach me directly at shersteve @...

This session shares the Franklin (MA) Town Council Meeting of Wednesday, March 5, 2025. All 9 of the members participated in Council Chambers. The audio is in 2 sections:Part 1 - the beginning and the ending (1 hour 40 mins)Part 2 - the FY 2026 preliminary budget review & discussion (2 hours)Quick recap:Part 1 - non budgetPolice officer Steven Dejoie sworn in replacing Officer Lawrence who had retired a couple of months agoA string quartet of FHS students played a brief piece as part of a recognition of their music achievements which also resulted in a formal proclamation of their accomplishments. Many other students recognized were in the audience as wellDan Sherman provided the annual update on the town progress towards funding their OPEB liability. We are in good stead, better off than many other MA communities. We will do better once the Norfolk Retirement liability is paid off (2035ish) and that amount of funding can be shifted to the OPEB liability to advance the payoff scheduleApproval for easement granted to DCR for access to SNETT extension, also a commitment from them for $1M to help prepare it when the trail does become ours (will take time with Federal process)From TA Report - another first in that the Town is first in using opioid funding for the Art Pharmacy program, more to come on this exciting opportunity for health with an economic development aspect for local arts/culture organizationsPart 2 - FY 2026 BudgetFY 2026 - Town Administrator Jamie Hellen walked through the preview of the budget, some updates had been previewed most recently on Tuesday at the Senior Center with the Joint BUdget Listening Session. More was expanded upon here. The documents will be posted to the Town budget page today. We are in a $3.8M deficit and coming up with that (or an amount close to it) is likely the only way to maintain "level service". What we have is what will stay, if we want increases or expansions to such services, we need to get by this one first before considering more. "we need a win" someone said in the course of the discussionLet's listen to the meeting recording which runs about 2 hours. --------------Franklin TV video -> https://www.youtube.com/watch?v=oAHS9BRE4cA&t=100 The agenda doc ->https://www.franklinma.gov/AgendaCenter/ViewFile/Agenda/_03052025-1608 The budget preview presentation ->https://franklinma.gov/DocumentCenter/View/4620/2025-03-05-Budget-Update---Town-Coucil-Version-PDF My notes captured during the sessionhttps://drive.google.com/file/d/1TELQ8ylitbI6RxGjNDCll4poFZsu2ONg/view?usp=drive_link -------------We are now producing this in collaboration with Franklin.TV and Franklin Public Radio (wfpr.fm) or 102.9 on the Franklin area radio dial. This podcast is my public service effort for Franklin but we can't do it alone. We can always use your help.How can you help?If you can use the information that you find here, please tell your friends and neighborsIf...

This session of the radio show shares the Town of Franklin Finance Committee Meeting held on Wednesday, Nov 6, 2024. 7 of the 9 members were present in the Council Chambers and 2 members absent (Batchelor, Hamilton). Quick Recap:Committee voted to keep the same org structure as prior given status and new members, etc. Conley, Chair, Riley, Vice-Chair, Corbesierio, Clerk (passed 7-0-2; 2 absent)Committee approved the minutes for the 3 budget hearings in May (passed 7-0-2; 2 absent)Town Administrator Jamie Hellen walked through the recommendation on FY25 Budget Adjustments and the committee voted to recommend them as discussed to the Town Council (passed 7-0-2; 2 absent)Jamie took time to outline the new Town and School Finance and Human Resources organization restructure, a work in progress for a number of years and finally operational, answered a number of clarification questions Jamie also presented the FY24 Preliminary Expense Recap & Local Receipts year-end report and the Stabilization Account Report and answered a number of clarification questionsBrief update on the FY26 Budget Model and Fiscal Forecast Update, discussion around dodging a massive increase in the Norfolk County Retirement Fund, procedurally the Retirement Board should have bene more forthcoming about the increase, they weren't, still an item to watchRelated to the retirement funding, it had been anticipated that once it was fully funded (approx. 2032, now 2035), those funds could be reallocated to the OPEB account and start paying that down more sooner. Confirmed delayed to 2035 currentlyAs a result of the OPEB funding process, why doesn't the Town consider helping the Schools with the "hold harmless" funding. Can't be done all at once, it is about 12-15 Million, but the town is chipping away at OPEB, we should consider chipping away at the "hold harmless" toomember comments lead to discussion (and future discussion) around how the committee can help raise the awareness of the community on the fiscal issues. More to come on that frontThe meeting runs about 1 hour & 50 minutes. Let's listen to the Finance Cmte meeting Nov 6, 2024.--------------The Finance Cmte agenda can be found -> https://www.franklinma.gov/sites/g/files/vyhlif10036/f/agendas/2024-11-06_finance_committee_agenda_packet.pdf Franklin TV video -> https://www.youtube.com/live/ejPhlcZs29g?si=otfRPnwkBa6Yta-B&t=158 My notes collected in a Twitter thread PDF ->https://drive.google.com/file/d/1nZYVtQx2ljoXcuxpA78ltwoeWgRxKIlB/view?usp=drive_link --------------We are now producing this in collaboration with Franklin.TV and Franklin Public Radio (wfpr.fm) or 102.9 on the Franklin area radio dial. This podcast is my public service effort for Franklin but we can't do it alone. We can always use your help.How can you help?If you can use the information that you find here, please tell your friends and neighborsIf you don't like something here, please let me know And if you have interest in reporting on meetings or events, please reach. We'll share and show you what and how we do what we...

With flush rainy day funds and flexibility to cut costs, states are poised to avoid credit stress if a severe economic tailspin or even a recession takes hold. Plus, housing finance agencies' credit quality remains strong, but the HFAs face challenges in the current economic environment.Guests: Sunny Zhu, Assistant Vice President-Analyst, Moody's Investors Service; Pisei Chea, Vice President-Senior Analyst, Moody's Investors Service; Rachael McDonald, Associate Managing Director, Moody's Investors Service; Omar Ouzidane, Vice President-Senior Analyst, Moody's Investors ServiceHost: Nick Samuels – Senior Vice President, Moody's Investors ServiceRelated content on Moodys.com (some content only available to registered users or subscribers):States – US: Strong fiscal governance positions states to withstand high inflation, possible recessionStates – US: Debt, pension and OPEB liabilities all up in fiscal 2021State Housing Finance Agencies – US: HFAs are well positioned for continued solid performance in changing market conditions

In our Toolkit podcast series, we take a deep dive into one accounting topic each month that goes beyond the basics and into areas that require judgment. This month, we are covering stock-based compensation – a complex subject with a variety of accounting and reporting considerations.In this episode, Heather Horn was joined by PwC National Office subject matter specialists Jay Seliber and Nicole Berman to discuss the challenging topic of classifying stock option awards as equity or a liability.In this episode, you will hear them discuss:1:32 - An overview of equity and liability classification of stock options and their key differences5:26 - Common examples of exceptions to the general classification rules16:31 - Accounting for awards with redemption features30:30 - How to think about awards with put or call features36:56 - Accounting for awards with repurchase features43:27 - Final advice for dealing with equity and liability classification of stock optionsWant to learn more? Refer to the first episode in our compensation toolkit series on unraveling complex vesting conditions, along with earlier podcasts on stock-based compensation podcasts including back to basics, award modifications and presentation and disclosure. For more on stock-based compensation, refer to our Stock-based compensation guide. Stay tuned for more insightful episodes in the coming weeks.Jay Seliber is a partner in PwC's National Office. He leverages over 30 years of experience to help clients with their most complex accounting matters, particularly in the areas of mergers and acquisitions, revenue recognition, stock compensation, earnings per share, employee benefits, restructurings, impairments, and financing transactions. Jay is presently PwC's representative on the FASB's Emerging Issues Task Force.Nicole Berman is a Director in PwC's National Office. She advises clients on the accounting for complex transactions related to revenue recognition and employee compensation matters, including stock-based compensation, pensions, OPEB, and restructurings, under both US GAAP and IFRS.Heather Horn is PwC's National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC's accounting and reporting weekly podcast and quarterly webcast series. With over 30 years of experience, Heather's accounting and auditing expertise includes financial instruments and rate-regulated accounting.Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.

Host Marianne Steger and Chief Actuary Trevis Parson discuss what Other Post-Employment Benefits (aka OPEB) liabilities are and what plan sponsors can do to reduce them.

Our Full disclosure podcast series brings you back to the basics on all things related to financial statement presentation and disclosure, from the top of the financial statements through the footnotes. This week we focus on the presentation and disclosure requirements for pension obligations and plan assets. Jay Seliber and Ken Stoler from our National Office are back in the guest seats to discuss key reminders with our host, Heather Horn. Topics include:1:24 - Pension costs. Jay outlines the typical six accounting components of pension and other postemployment benefit (OPEB) costs for single-employer defined benefit plans.  7:31 - Financial statement presentation. Ken explains the balance sheet and income statement and classification matters for pension and OPEB obligations. 11:02 - Disclosures. Jay highlights key objectives to consider and specific required disclosures for pensions. 24:47 - Key takeaways. Heather, Jay, and Ken close with some final advice to help make the preparation of these disclosures easier.Want to learn more? Read our Financial statement presentation and Pensions and other employee benefits guides. And listen to our podcast, Accounting for pension plans: Back to the basics with 5 things to know. Jay Seliber is a partner in PwC's National Office. He leverages over 30 years of experience to help clients with their most complex accounting matters, particularly in the areas of mergers and acquisitions, revenue recognition, stock compensation, earnings per share, employee benefits, restructurings, impairments, and financing transactions. Jay is presently PwC's representative to the FASB's Emerging Issues Task Force.Ken Stoler is a partner in PwC's National Office with over 15 years of experience. He helps companies to address one of their most fundamental concerns, how they should compensate their employees and executives. Helping companies navigate their employee issues during an IPO, spin off, acquisition, or other major transaction or event, Ken specializes in financial reporting and plan design issues related to equity compensation arrangements, retirement and healthcare plans, and other benefits. Heather Horn is PwC's National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC's accounting and reporting weekly podcast and quarterly webcast series, as well as periodic webcasts for the power and utilities industry. With nearly 30 years of experience, Heather's accounting and auditing expertise includes financial instruments and rate-regulated accounting.

The meeting was conducted in a hybrid format: most members of the Town Council, selected guests, and Town Administration personnel were in the Council Chambers, at least one member of the Council was remote along with the public via the Zoom conference bridge, all to adhere to the ‘social distancing’ requirements of this pandemic period. I’ve split the almost 3 hour minute meeting into three logical segments: First - covers the opening  Sheriff McDermott’s update and the OPEB update (~63 mins) Second - covers the GATRA discussion (~42 minutes) *** Third - covers the Downtown parking requirements discussion and the remainder of the meeting (~72 minutes) The show notes contain links to the meeting agenda including documents released for this meeting.  Let’s listen to this segment of the Town Council meeting of Apr 14, 2021 -------------- Agenda document folder https://franklinma.gov/town-council/agenda/april-14-town-council-agenda (https://franklinma.gov/town-council/agenda/april-14-town-council-agenda)  My notes from the meeting https://www.franklinmatters.org/2021/04/recap-town-council-mtg-apr-14-2021.html (https://www.franklinmatters.org/2021/04/recap-town-council-mtg-apr-14-2021.html) -------------- We are now producing this in collaboration with Franklin.TV and Franklin Public Radio (wfpr.fm) or 102.9 on the Franklin area radio dial.  This podcast is my public service effort for Franklin but we can't do it alone. We can always use your help. How can you help? If you can use the information that you find here, please tell your friends and neighbors If you don't like something here, please let me know Through this feedback loop we can continue to make improvements. I thank you for listening. For additional information, please visit http://www.franklinmatters.org (www.Franklinmatters.org)   or http://www.franklin.news (www.franklin.news)  If you have questions or comments you can reach me directly at shersteve @ gmail dot com The music for the intro and exit was provided byhttp://www.eastofshirley.com/ ( Michael Clark and the group "East of Shirley"). The piece is titled "Ernesto, manana"  c. Michael Clark & Tintype Tunes, 2008 and used with their permission. I hope you enjoy! ------------------ You can also subscribe and listen to Franklin Matters audio on iTunes or your favorite podcast app; search in "podcasts" for "Franklin Matters"

The meeting was conducted in a hybrid format: most members of the Town Council, selected guests, and Town Administration personnel were in the Council Chambers, at least one member of the Council was remote along with the public via the Zoom conference bridge, all to adhere to the ‘social distancing' requirements of this pandemic period. I've split the almost 3 hour minute meeting into three logical segments: *** First - covers the opening  Sheriff McDermott's update and the OPEB update (~63 mins) Second - covers the GATRA discussion (~42 minutes) Third - covers the Downtown parking requirements discussion and the remainder of the meeting (~72 minutes) The show notes contain links to the meeting agenda including documents released for this meeting.  Let's listen to this segment of the Town Council meeting of Apr 14, 2021 -------------- Agenda document folder https://franklinma.gov/town-council/agenda/april-14-town-council-agenda (https://franklinma.gov/town-council/agenda/april-14-town-council-agenda)  My notes from the meeting https://www.franklinmatters.org/2021/04/recap-town-council-mtg-apr-14-2021.html (https://www.franklinmatters.org/2021/04/recap-town-council-mtg-apr-14-2021.html) ------------ We are now producing this in collaboration with Franklin.TV and Franklin Public Radio (wfpr.fm) or 102.9 on the Franklin area radio dial.  This podcast is my public service effort for Franklin but we can't do it alone. We can always use your help. How can you help? If you can use the information that you find here, please tell your friends and neighbors If you don't like something here, please let me know Through this feedback loop we can continue to make improvements. I thank you for listening. For additional information, please visit http://www.franklinmatters.org (www.Franklinmatters.org)   or http://www.franklin.news (www.franklin.news) If you have questions or comments you can reach me directly at shersteve @ gmail dot com The music for the intro and exit was provided byhttp://www.eastofshirley.com/ ( Michael Clark and the group "East of Shirley"). The piece is titled "Ernesto, manana"  c. Michael Clark & Tintype Tunes, 2008 and used with their permission. I hope you enjoy! ------------------ You can also subscribe and listen to Franklin Matters audio on iTunes or your favorite podcast app; search in "podcasts" for "Franklin Matters"

The meeting was conducted in a hybrid format: most members of the Town Council, selected guests, and Town Administration personnel were in the Council Chambers, at least one member of the Council was remote along with the public via the Zoom conference bridge, all to adhere to the ‘social distancing' requirements of this pandemic period. I've split the almost 3 hour minute meeting into three logical segments: First - covers the opening  Sheriff McDermott's update and the OPEB update (~63 mins) *** Second - covers the GATRA discussion (~42 minutes) Third - covers the Downtown parking requirements discussion and the remainder of the meeting (~72 minutes) The show notes contain links to the meeting agenda including documents released for this meeting.  Let's listen to this segment of the Town Council meeting of Apr 14, 2021 -------------- Agenda document folder https://franklinma.gov/town-council/agenda/april-14-town-council-agenda (https://franklinma.gov/town-council/agenda/april-14-town-council-agenda)  My notes from the meeting https://www.franklinmatters.org/2021/04/recap-town-council-mtg-apr-14-2021.html (https://www.franklinmatters.org/2021/04/recap-town-council-mtg-apr-14-2021.html) ------------ We are now producing this in collaboration with Franklin.TV and Franklin Public Radio (wfpr.fm) or 102.9 on the Franklin area radio dial.  This podcast is my public service effort for Franklin but we can't do it alone. We can always use your help. How can you help? If you can use the information that you find here, please tell your friends and neighbors If you don't like something here, please let me know Through this feedback loop we can continue to make improvements. I thank you for listening. For additional information, please visit http://www.franklinmatters.org/ (www.Franklinmatters.org)   or http://www.franklin.news/ (www.franklin.news) If you have questions or comments you can reach me directly at shersteve @ gmail dot com The music for the intro and exit was provided byhttp://www.eastofshirley.com/ ( Michael Clark and the group "East of Shirley"). The piece is titled "Ernesto, manana"  c. Michael Clark & Tintype Tunes, 2008 and used with their permission. I hope you enjoy! ------------------ You can also subscribe and listen to Franklin Matters audio on iTunes or your favorite podcast app; search in "podcasts" for "Franklin Matters"

The meeting was conducted in a hybrid format: most members of the Town Council, selected guests, and Town Administration personnel were in the Council Chambers, at least one member of the Council was remote along with the public via the Zoom conference bridge, all to adhere to the ‘social distancing' requirements of this pandemic period. I've split the almost 3 hour minute meeting into three logical segments: First - covers the opening  Sheriff McDermott's update and the OPEB update (~63 mins) Second - covers the GATRA discussion (~42 minutes) *** Third - covers the Downtown parking requirements discussion and the remainder of the meeting (~72 minutes) The show notes contain links to the meeting agenda including documents released for this meeting.  Let's listen to this segment of the Town Council meeting of Apr 14, 2021 -------------- Agenda document folder https://franklinma.gov/town-council/agenda/april-14-town-council-agenda (https://franklinma.gov/town-council/agenda/april-14-town-council-agenda)  My notes from the meeting https://www.franklinmatters.org/2021/04/recap-town-council-mtg-apr-14-2021.html (https://www.franklinmatters.org/2021/04/recap-town-council-mtg-apr-14-2021.html) -------------- We are now producing this in collaboration with Franklin.TV and Franklin Public Radio (wfpr.fm) or 102.9 on the Franklin area radio dial.  This podcast is my public service effort for Franklin but we can't do it alone. We can always use your help. How can you help? If you can use the information that you find here, please tell your friends and neighbors If you don't like something here, please let me know Through this feedback loop we can continue to make improvements. I thank you for listening. For additional information, please visit http://www.franklinmatters.org (www.Franklinmatters.org)   or http://www.franklin.news (www.franklin.news)  If you have questions or comments you can reach me directly at shersteve @ gmail dot com The music for the intro and exit was provided byhttp://www.eastofshirley.com/ ( Michael Clark and the group "East of Shirley"). The piece is titled "Ernesto, manana"  c. Michael Clark & Tintype Tunes, 2008 and used with their permission. I hope you enjoy! ------------------ You can also subscribe and listen to Franklin Matters audio on iTunes or your favorite podcast app; search in "podcasts" for "Franklin Matters"

The meeting was conducted in a hybrid format: most members of the Town Council, selected guests, and Town Administration personnel were in the Council Chambers, at least one member of the Council was remote along with the public via the Zoom conference bridge, all to adhere to the ‘social distancing’ requirements of this pandemic period. I’ve split the almost 3 hour minute meeting into three logical segments: *** First - covers the opening  Sheriff McDermott’s update and the OPEB update (~63 mins) Second - covers the GATRA discussion (~42 minutes) Third - covers the Downtown parking requirements discussion and the remainder of the meeting (~72 minutes) The show notes contain links to the meeting agenda including documents released for this meeting.  Let’s listen to this segment of the Town Council meeting of Apr 14, 2021 -------------- Agenda document folder https://franklinma.gov/town-council/agenda/april-14-town-council-agenda (https://franklinma.gov/town-council/agenda/april-14-town-council-agenda)  My notes from the meeting https://www.franklinmatters.org/2021/04/recap-town-council-mtg-apr-14-2021.html (https://www.franklinmatters.org/2021/04/recap-town-council-mtg-apr-14-2021.html) ------------ We are now producing this in collaboration with Franklin.TV and Franklin Public Radio (wfpr.fm) or 102.9 on the Franklin area radio dial.  This podcast is my public service effort for Franklin but we can't do it alone. We can always use your help. How can you help? If you can use the information that you find here, please tell your friends and neighbors If you don't like something here, please let me know Through this feedback loop we can continue to make improvements. I thank you for listening. For additional information, please visit http://www.franklinmatters.org (www.Franklinmatters.org)   or http://www.franklin.news (www.franklin.news) If you have questions or comments you can reach me directly at shersteve @ gmail dot com The music for the intro and exit was provided byhttp://www.eastofshirley.com/ ( Michael Clark and the group "East of Shirley"). The piece is titled "Ernesto, manana"  c. Michael Clark & Tintype Tunes, 2008 and used with their permission. I hope you enjoy! ------------------ You can also subscribe and listen to Franklin Matters audio on iTunes or your favorite podcast app; search in "podcasts" for "Franklin Matters"

The meeting was conducted in a hybrid format: most members of the Town Council, selected guests, and Town Administration personnel were in the Council Chambers, at least one member of the Council was remote along with the public via the Zoom conference bridge, all to adhere to the ‘social distancing’ requirements of this pandemic period. I’ve split the almost 3 hour minute meeting into three logical segments: First - covers the opening  Sheriff McDermott’s update and the OPEB update (~63 mins) *** Second - covers the GATRA discussion (~42 minutes) Third - covers the Downtown parking requirements discussion and the remainder of the meeting (~72 minutes) The show notes contain links to the meeting agenda including documents released for this meeting.  Let’s listen to this segment of the Town Council meeting of Apr 14, 2021 -------------- Agenda document folder https://franklinma.gov/town-council/agenda/april-14-town-council-agenda (https://franklinma.gov/town-council/agenda/april-14-town-council-agenda)  My notes from the meeting https://www.franklinmatters.org/2021/04/recap-town-council-mtg-apr-14-2021.html (https://www.franklinmatters.org/2021/04/recap-town-council-mtg-apr-14-2021.html) ------------ We are now producing this in collaboration with Franklin.TV and Franklin Public Radio (wfpr.fm) or 102.9 on the Franklin area radio dial.  This podcast is my public service effort for Franklin but we can't do it alone. We can always use your help. How can you help? If you can use the information that you find here, please tell your friends and neighbors If you don't like something here, please let me know Through this feedback loop we can continue to make improvements. I thank you for listening. For additional information, please visit http://www.franklinmatters.org/ (www.Franklinmatters.org)   or http://www.franklin.news/ (www.franklin.news) If you have questions or comments you can reach me directly at shersteve @ gmail dot com The music for the intro and exit was provided byhttp://www.eastofshirley.com/ ( Michael Clark and the group "East of Shirley"). The piece is titled "Ernesto, manana"  c. Michael Clark & Tintype Tunes, 2008 and used with their permission. I hope you enjoy! ------------------ You can also subscribe and listen to Franklin Matters audio on iTunes or your favorite podcast app; search in "podcasts" for "Franklin Matters"

On the latest episode of the Conduit Street Podcast, Jennifer Diercksen joins Kevin Kinnally and Michael Sanderson to discuss the ins and outs of municipal bond ratings — including the role of ratings agencies in assessing creditworthiness; the factors that influence interest rates, investment appetite, and bond pricing; and the differences between short-term and long-term debt ratings.Jennifer Diercksen is a First Vice President at Davenport & Company, one of the oldest employee-owned, independent financial services firms in America. She works primarily as a financial advisor to state and local governments, authorities, and not-for-profit entities in Maryland, Pennsylvania, and Virginia.Prior to joining Davenport, Jennifer was an AVP at Moody’s Investors Services; a Consultant at Deloitte Consulting; and an Investigator for Surveys and Investigations on the U.S. House of Representatives, Appropriations Committee. She earned her MPA from Syracuse University – Maxwell School of Citizenship and Public Affairs, and her BA in Economics from University of Maryland College Park.The MACo Pooled OPEB Investment Trust Fund offers member counties — along with their libraries, colleges, and supported units — a vehicle to invest current funds toward future obligations for retiree health insurance, a.k.a. “other post-employment benefits.” OPEB liability presents a funding challenge to nearly every county. But this investment vehicle is a low-overhead and low-cost means to put current assets to work, in a manner similar to a pension fund.Stay tuned to MACo’s blog and our Conduit Street podcast for unbiased, non-partisan election news, details, and insider tips on what it all means for county government.MACo has made the podcast available through all major platforms by searching Conduit Street Podcast. You can also listen on our Conduit Street blog with a recap and link to the podcast.You can listen to previous episodes of the Conduit Street Podcast on our website.Useful LinksMACo's Pooled OPEB Investment Trust FundDavenport & Company

No sétimo encontro do ciclo de palestras na UFABC, o Ex-Ministro de Relações Exteriores, Celso Amorim, discute o Brasil diante de recentes reconfigurações de poder na política internacional. Conduzindo os trabalhos, o Professor Doutor Gilberto Maringoni, do Centro de Engenharia, Modelagem e Ciências Sociais Aplicadas da UFABC, e membro do Observatório de Política Externa Brasileira – o OPEB.ufabc.edu.br opeb.org

No quinto encontro do ciclo de palestras na UFABC, o Ex-Ministro de Relações Exteriores do Brasil, Celso Amorim, discute as relações bilaterais entre Brasil e Estados Unidos, durante os governos Lula. Na mesa, acompanha o Ex-Ministro a Professora Doutora Tatiana Berringer, do Centro de Engenharia, Modelagem e Ciências Sociais Aplicadas da UFABC e membro do Observatório de Política Externa Brasileira – o OPEB. ufabc.edu.br opeb.org

O sexto encontro do ciclo de palestras na UFABC com o Ex-Ministro de Relações Exteriores, Celso Amorim, rememora as questões de paz, segurança e integração regional na América do Sul. Na mesa, ao lado do Ministro, o Professor Doutor Diego Azzi, do Centro de Engenharia, Modelagem e Ciências Sociais Aplicadas da UFABC, e membro do Observatório de Política Externa Brasileira – o OPEB.ufabc.edu.br opeb.org

Stock compensation award modifications continue to be a challenging area with many factors to consider—and mishaps to avoid. In this episode, host Heather Horn is joined by PwC National office subject matter specialists Jay Seliber and Nicole Berman to discuss the fundamentals of modification accounting, including:1:00 - Overview. Before diving into modifications, we start by discussing how a company would generally account for a stock award.2:37 - Types of modifications. When is a change to an award considered a modification? Nicole provides an overview of the accounting for the four types of modifications. 7:46 - Cessation of employment. What happens when an award recipient decides to leave the company? Jay and Nicole discuss the accounting for related modifications.14:56 - Changes in performance conditions. Given the market impact of COVID-19, companies may be adjusting their performance targets. Nicole walks through the model for this type of modification. 23:01 - Spin-offs, stock splits, and large dividends. Next we move onto how different corporate actions result in award modifications.Jay Seliber is a partner in PwC’s National Accounting Services group with nearly 30 years of experience. He helps clients with their most complex accounting matters, particularly in the areas of revenue recognition, stock compensation, employee benefits, restructurings, impairments, and financing transactions.Nicole Berman is a Director in PwC's National office advising clients on the accounting for complex transactions related to revenue recognition and employee compensation matters, including stock-based compensation, pensions, OPEB, and restructurings, under both US GAAP and IFRS. Heather Horn is PwC’s National office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series, as well as periodic webcasts for the power and utilities industry. With over 25 years of experience, Heather’s accounting and auditing expertise includes financial instruments and rate-regulated accounting.

Accounting for defined benefit pension plans can be a complex area, and companies need to be aware of the guidance. That’s why Heather Horn and PwC pension specialist Nicole Berman go back to the basics to highlight a few of the fundamental accounting rules for these types of plans, including: 2:33 - Remeasurement. Nicole walks through the timing of measurement, including how to measure plan assets and obligations. 4:42 - Pension costs. Nicole reminds listeners what’s included in pension costs and talks about how pension costs are determined.6:02 - Recognizing costs. Nicole discusses the timing of recognition. 11:28 - Significant interim events. Big events, like plan freezes, require specific accounting. Nicole explains.16:23 - Final thoughts. We wrap up by sharing a few frequently asked questions―including what to think about when it comes to disclosures.About our guestNicole Berman is a Director in PwC's National office who advises the firm’s partners and clients on accounting for complex transactions related to revenue recognition and employee compensation matters, including stock-based compensation, pensions, OPEB, and restructurings, under both US GAAP and IFRS. She helps craft the firm's positions on new financial reporting pronouncements and assesses the technical merit of FASB and IASB proposals. About our hostHeather Horn is PwC’s National office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series, as well as periodic webcasts for the power and utilities industry. With over 25 years of experience, Heather’s accounting and auditing expertise includes financial instruments and rate-regulated accounting.

O quarto encontro do ciclo de palestras na UFABC com o Ex-Ministro de Relações Exteriores do Brasil, Celso Amorim, rememora a importância do Brasil para as negociações de paz no Oriente Médio, sobretudo a partir da relação com Tel Aviv – capital de Israel – e Ramallah – cidade que sedia a Autoridade Nacional Palestina. Conduzindo a mesa, o Professor Doutor Flávio Rocha, do Centro de Engenharia, Modelagem e Ciências Sociais Aplicadas da UFABC, e membro do Observatório de Política Externa Brasileira – o OPEB. ufabc.edu.br opeb.org

The City of Memphis was facing $1.3 billion in unfunded OPEB liabilities and needed a solution. Our guest, Chief Financial Officer Shirley Ford, shares how she helped the city and its retirees find a win-win solution using the Individual Medicare Marketplace.

No terceiro encontro do clico de palestras na UFABC com o Ex-Ministro de Relações Exteriores do Brasil, Celso Amorim, o tema é o Brasil e as relações comerciais: as experiências da OMC, da ALCA e da União Europeia. Na mesa, o Professor Doutor Lucas da Silva Tasquetto, do Centro de Engenharia, Modelagem e Ciências Sociais Aplicada da UFABC, e membro do Observatório de Política Externa Brasileira – o OPEB. ufabc.edu.br opeb.org

Neste segundo encontro do ciclo de palestras na UFABC com o Ex-Ministro de Relações Exteriores do Brasil, Celso Amorim, é abordada a atuação brasileira nas políticas de desarmamento, a partir das memórias da declaração de Teerã. Acompanhando os trabalhos ao lado do Ex-Ministro, está João Victor Dalla Pola, discente do Bacharelado em Relações Internacionais na UFABC e membro do Observatório de Política Externa Brasileira – o OPEB. ufabc.edu.br opeb.org

Com esse episódio, damos início ao ciclo de palestras do Ex-Ministro de Relações Exteriores, Celso Amorim, agora também pelo podcast da UFABC. São encontros promovidos pelo Observatório de Política Externa Brasileira – o OPEB –, que ocorrem ao longo de 2019 na Universidade Federal do ABC, em São Paulo. Para começar os trabalhos, Celso Amorim fala sobre os Objetivos e Pressupostos que marcaram a história da Política Externa Brasileira. Na mesa, acompanha o Ex-Ministro a Professora Doutora Tatiana Berringer, do Centro de Engenharia, Modelagem e Ciências Sociais Aplicadas da UFABC, e membro do OPEB. ufabc.edu.br opeb.org

Although the FASB simplified the accounting for stock based awards, it’s still a complex area of accounting. In this episode, PwC partner Heather Horn and director Nicole Berman go back to the basics and discuss five things you should know about accounting for stock compensation awards, including:3:35 - How to determine the grant date and why it’s so important7:12 - The balance sheet classification of awards (liability vs equity)10:20 - The different types of vesting conditions12:46 - Expense attribution, and graded vesting features14:45 - The related tax accounting considerations and plan design considerationsAbout our guestNicole Berman is a Director in PwC's National office advising the Firm’s partners and clients on accounting for complex transactions related to revenue recognition and employee compensation matters, including stock-based compensation, pensions, OPEB, and restructurings, under both US GAAP and IFRS. She helps formulate the Firm's views and positions on new financial reporting pronouncements and assess the technical merit of FASB and IASB proposals.About our hostHeather Horn is PwC’s National office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series, as well as periodic webcasts for the power and utilities industry. With over 25 years of experience, Heather’s accounting and auditing expertise includes financial instruments and rate-regulated accounting.

This week they talk about asset transfers and other post-employment benefit obligation bonds (OOBs). Carol Spain will discuss recent trends in these areas with respect to Illinois.

This week they talk about asset transfers and other post-employment benefit obligation bonds (OOBs). Carol Spain will discuss recent trends in these areas with respect to Illinois.

Today we discuss OPEB liabilities, the affects it can have on school districts, and the TSBA OPEB Trust. Tune in to learn why this topic is important and what you can do to pre-fund these liabilities.  Our special guests are as follows: Randall Bennett, TSBA Deputy Executive Director & General Counsel Mark Hansen, Collierville School Board Chairman and a TSBA OPEB Trustee Comptroller Justin Wilson and Deputy Comptroller Jason Mumpower with the TN Comptroller of the Treasury TSBA OPEB Trust Brochure https://tsba.net/services/tsba-opeb-trust/

This episode's datapoint is $95 billion, the current value of all of the future retiree benefits, except pensions, already earned by current retirees and employees of NYC. This amount, referred to as OPEB, or 'Other Post-Employment Benefits,' is primarily the cost of health insurance for NYC employees, their spouses and families. Special guest Dr. Thad Calabrese of NYU, and author of CBC's latest report on this subject, "The Price of Promises Made," gives an in-depth look at the City's OPEB obligations, compare them to those of other cities around the country, and explains why the City should establish more appropriate benefits and funding arrangements.

Kate Boatright discusses some prison rating changes, in light of recent DOJ memo, and Carol Spain provides an update on the status of OPEB liabilities at the state level.

Kate Boatright discusses some prison rating changes, in light of recent DOJ memo, and Carol Spain provides an update on the status of OPEB liabilities at the state level.

Does the future of Hamilton's LRT project depend on what happens in Brampton? Brampton City Council has rejected an LRT plan for the city but has asked the Province to give them the money anyway, so long as it is spent on transit. John Best. Publisher, The Bay Observer A lawyer for the US Steel workers union argued in court yesterday that there is no valid reason for US Steel to not be ordered to reinstate drug, dental and vision coverage for retirees and pensioners. Gary Howe, President, USW Local The Ontario and Hamilton Chambers of Commerce are suggesting a different way to fixing the province's health care system. Keanin Loomis. President & CEO, Hamilton Chamber of Commerce

A lawyer for the US Steel workers union argued in court yesterday that there is no valid reason for US Steel to not be ordered to reinstate drug, dental and vision coverage for retirees and pensioners. Gary Howe, President, USW Local 1005

In this week’s Extra Credit, Standard & Poor's Director Sussan Corson weighs in on states’ OPEB liabilities and Senior Director Jessica Matsumori discusses the recent trends in higher education enrollment.

In this week's Extra Credit segment, Standard & Poor's Associate Katilyn Pulcher explains how we factor pension and OPEB obligations into our local government ratings, and Associate Director Aulii Limtiaco discusses our rating action on the California Housing Finance Agency.