Other post employment benefits (OPEB) such as retiree health care benefits are often promised to employees of a government. The GASB believes that if a promise to provide OPEB was in place as of the date of the financial statements, a government has an obligation for OPEB that constitutes a liability for financial reporting purposes.  This session will focus on the importance of developing a funding policy/strategy for OPEB and possible methods of funding an OPEB trust.   At the end of this session, the participant should be able to: define OPEB and recognize what constitutes a guaranteed benefit, discuss the risks of not setting dollars aside for OPEB, recall the differences between pay as you go funding and pre-funding an OPEB trust, identify OPEB trust types, recall methods of funding an OPEB trust, and discuss investment considerations - equity and fixed income.