Pension/OPEB

Creating intergenerational equity for past, present and future staff

Public Employee Retirement & Health Benefits Solutions

Our team has worked with hundreds of agencies resulting in the development of over twelve different cost mitigation strategies, including integration of 115 Trusts, all designed to reduce long-term pension costs, create budget stability and achieve and maintain a healthy funded status. Each cost mitigation measure is incorporated in a Pension Management Plan and Policy so that staff and decision-makers can ensure all resources are utilized each year to manage ongoing unfunded liabilities and pension costs. Once a Pension Management Plan and Policy have been established it creates disciplined, continuous proactive management practices for your entire team.

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Pension/OPEB Solutions

Pension Management Plan

A strategic pension management plan and policy are the first and most important steps in managing your pension liabilities. Weist Law drafts pension plans and policies that create ongoing actionable strategies, designed to increase budget predictability, reduce costs and act as a roadmap for future staff and governing body.

115 Trust

A Section 115 trust fund is dedicated to prefunding employer contributions to defined benefit pension systems, including OPEB and UAL costs. Funds placed into 115 trusts are sequestered for health care and pension costs only. Properly designed and implemented,115 trusts are a very effective pension management tool.

Alternative Financing

Despite the prevalence of Pension Obligation Bonds, there are numerous safer and more efficient methods available for financing pension liabilities. Renowned for pioneering innovative financing techniques, Weist Law not only ensures risk mitigation but also delivers substantial cost savings for our clients, setting a new standard in the industry.