GASB Statement 45 requires state and local governments to begin reporting OPEB (other postemployment benefits) costs and obligations. The standard allows plans with less than 100 plan participants to use an alternative method for that calculation that does not require the use of an actuary.

Generally, governments with an OPEB plan with less than 100 plan participants will apply the requirements GASB 45 for fiscal years beginning after December 15, 2008. 

ACOPEB is designed to provide eligible governmental entities a relatively simple and efficient way to calculate their OPEB obligation and costs. For a slide show review of the ACOPEB software, Click here to download.  

ACOPEB also provides a means for other governments to assemble the information needed for an actuarial evaluation, and develop OPEB evaluation information for management decision making purposes.

If you are interest in finding out more take the ACOPEB eligibility test.