Sunday, March 16, 2008
1:00 PM
Registration Opens

Monday, March 17, 2008
8:00 AM - 9:00 AM
Registration & Continental Breakfast

Sponsored by:





9:00 AM - 9:15 AM
Welcome to OPEB 3.0: Better Ways Mean Better Days Ahead

Chip Eady
Partner
Nixon Peabody

David Scola
Director
Deutsche Bank

Elizabeth Yee
Senior Vice President
Lehman Brothers



9:15 AM - 9:45 AM
Keynote address

The Realities of OPEB Policy Today: Turning Challenge Into Opportunity

Saving will address the relevance of the Medicare projections of retirement health care expenditures on future tax rates, coverage, and premiums paid by retirees, on the potential for funding state and local government promises to present and future retirees.

Thomas R. Saving
Public Trustee, Social Security Administration and Medicare Trust Funds & Director Private Enterprise Research Center
Texas A&M University



9:45 AM - 10:30 AM
Lessons Learned: What Employers Really Want, and How the Market is Adjusting to Deliver It

Moderator:
Sheldon Freilich
President
AEgis Health Care Consulting

Speakers:
Bob Doherty
Managing Director
JP Morgan Securities Inc.

Ben Louagie
Consultant
Medical Advantage Group



10:30 AM - 11:00 AM
Networking and Refreshment Break

Sponsored by:





11:00 AM - 12:00 PM
Doing Justice to OPEB: How Rating Agencies Can Motivate Constructive Action

Moderator:
Peter Block
Director
Standard & Poor's

L. Brooks Patterson
Oakland County Executive
Oakland County

Laurie Van Pelt
Director of Management and Budget
Oakland County

John R. Axe
President
Axe & Ecklund

John Boyle
President
J.L. Boyle International



12:00 PM - 12:05 PM
The 5-minute OPEB Workout

Chip Eady
Partner
Nixon Peabody



12:05 PM - 1:45 PM
Luncheon Address: True Stories from the OPEB Vault

In January 2007, Maryland received a second actuarial report addressing its OPEB liability which put the amount between $9B and $14.5B. Treasurer Kopp will address the States plan and solutions to fund their liability to lesson the fiscal, debt and budgetary impact the new ruling brings during her keynote presentation.

Nancy Kopp
Treasurer
State of Maryland



1:45 PM - 2:30 PM
Building an OPEB Open Marketplace: Plug-and-Play Convenience With Maximum Employer Choice

Shafiq Jadavji
Director
Deutsche Bank

Chip Eady
Partner
Nixon Peabody

Edward S. Mollahan
Managing Director
JPM Chase Bank



2:30 PM - 3:15 PM
OPEB Goes Global

The worldwide demand for municipally linked fixed income trust securities? Pension and tobacco bonds: the sequel

Moderator:
Adam Stoll
Director
Goldman Sachs

Speaker:
John Filan
Chief Operating Officer
State of Illinois, Governors Office

David Burke
Managing Director
Depfa Bank



3:15 PM - 3:30 PM
Networking and Refreshment Break

Sponsored by:





3:30 PM - 4:15 PM
Setting Up and Funding an OPEB Trust

(It comes from the future and will change how you think about OPEB)

Moderator:
Kim Nicholl
Managing Director
PricewaterhouseCoopers

Joseph Costello
Chief Operating Officer
Regional Transportation Authority

Mary Ann Boyle
Assistant Treasurer
Metropolitan Water Reclamation District of Greater Chicago

Jim Origliosso
Treasurer
Eugene Water and Electric Board



4:15 PM - 5:00 PM
Actuarial and Disclosure Management: Predictions and Revelations

Karl Johnson
Project Manager
Governmental Accounting Standards Board (GASB)

Brian Whitworth
Vice President
JP Morgan Securities Inc.



5:00 PM - 6:15 PM
Cocktail Reception

Sponsored by:





6:30 PM
Speakers' Dinner

By invitation only

Sponsored by:

Tuesday, March 18, 2008
8:00 AM - 9:00 AM
Continental Breakfast

Sponsored by:





8:00 AM - 9:00 AM
Registration Opens



8:50 AM - 9:00 AM
Opening Remarks

Daniel C.S. Powell
Chairman
Christian Stanley



9:00 AM - 9:45 AM
Keynote Address

David E. Sundstrom
Auditor-Controller
Orange County, CA



9:45 AM - 10:30 AM
Aggressive But Safe Asset Management

• Does the size of the unfunded liability call for more aggressive investing than in the pension area?
• What protocols can help avoid problems with the performance and integrity of OPEB trusts?

William J. McHugh
Managing Director
JP Morgan

Robert G. Smith, III
President & CIO
Sage Advisory Services, Ltd., Co.



10:30 AM - 11:30 AM
Making Choices

Going it alone?
Joining a pool: public vs. private sponsorship, or both?
Building a pool?

Jim Link
Managing Director
PFM Asset Management

Stephanie Scola
Director of Bond Finance
State of Delaware

Erin Summers
Financial Reporting Manager
Fairfax County VA



11:30 AM
Conference Concludes