School districts offering employees post-retirement health and welfare benefits now need to account for the cost of those benefits, as required by the Government Accounting Standards Board Statement 45. 

MABE surveyed school systems and found several interested in meeting this requirement by working together to create a Pooled OPEB Investment Trust.  MABE staff, working with Trust Counsel and the prospective members, created the new program in May of 2008. 

The member owned Trust provides participating school districts a structure to pool assets to reduce investment costs and to share administrative expenses.  Harford County Chief Financial Officer John Markowski was elected Chairman and Washington County Director of Finance Chris South was named the Vice-Chairman.  Since its inception, the Trust has grown to nine school member districts.  

For more information, contact Trust Administrator Steve James, sjames@mabe.org.

School districts offering employees post-retirement health and welfare benefits now need to account for the cost of those benefits, as required by the Government Accounting Standards Board Statement 45. 

MABE surveyed school systems and found several interested in meeting this requirement by working together to create a Pooled OPEB Investment Trust.  MABE staff, working with Trust Counsel and the prospective members, created the new program in May of 2008. 

The member owned Trust provides participating school districts a structure to pool assets to reduce investment costs and to share administrative expenses.  Harford County Chief Financial Officer John Markowski was elected Chairman and Washington County Director of Finance Chris South was named the Vice-Chairman.  Since its inception, the Trust has grown to nine school member districts.  

For more information, contact Trust Administrator Steve James, sjames@mabe.org.