Pre-registration is required. Only open to registered conference attendees. Limit 30 participants. Registration will be done on a first come, first serve basis.
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2:30 PM - 6:30 PM Registration Opens
6:00 PM - 7:30 PM Opening Reception
Thursday, March 29, 2007
8:00 AM Continental Breakfast
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9:00 AM Chairman's Welcome
Daniel Deshon Partner Nixon Peabody LLP
Robert Doherty Managing Director UBS
9:15 AM Keynote Address:
Past, Present and Future of Public Sector Pension and Retirement Benefits
The California Public Employees Retirement System manages pension and health benefits for approximately 1.5 million California public employees, retirees, and their families. Hear from the largest public retirement system in the United States discuss solutions in dealing with their OPEB liability and how they plan to address this expense.
Ken Marzion Assistant Executive Officer, Actuarial and Employer Services Branch CalPERS
9:45 AM Please Stay Calm: Best Practices in Calculating and Disclosing OPEB Liabilities
Communicating to the Public, Press, Union Officials
Moderator: Ken Kurtz Managing Director Moody's Investor Service
Michael Geoghegan CFO Broward County, FL
Geoff Kuhn Vice President CCA Strategies
Bob Scott Finance Director City of Carrollton, TX
10:45 AM Refreshment Break and Networking Opportunity
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11:15 AM Proven Strategies for Managing Public Sector Health Costs: Identifying and Managing Key Cost Drivers
Strategies for Managing Rising Prescription Drug Costs
How Flexible is Your Plan Design?
Vesting Options
Plan Eligibility
Want Can Be Done to Change the Structure
Moderator: Sheldon L. Freilich Director, Health Care Consulting, Gabriel, Roeder, Smith & Company
Ted Cheatham Director West Virginia Public Employees Insurance Agency
Omar Daghestani Associate Director UBS Investment Bank
David Sundstrom Auditor/Controller Orange County CA
Myron Winkelman President Winkelman Management Consulting
12:15 PM Luncheon Address
Dealing with the Changing Benefits Landscape: The New York Experience
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Introduction: Henry Reyes Managing Director JP Morgan
Robert DuBois Director, Employee Benefits Division State of New York Department of Civil Service
2:00 PM Innovative Funding Solutions for your OPEB Liability
Pay as you go
Amortized Contributions
OPEB Obligation bonds
Asset Sales
Moderator: David Stephens Director Merrill Lynch & Co.
Donnie R. Jones Treasurer City of Orlando, FL
Robin Prunty Director Standard & Poor's
Dale Scott Principal Dale Scott & Co.
Laurie Van Pelt Director, Management and Budget Oakland County, MI
3:00 PM Retiree Health Trusts
Setting up a trust
Advantages and Disadvantages of Various Trusts available to Public Plans
Moderator: David Rush Director Bear Stearns & Co.
Chip Eady Partner Nixon Peabody
Ed Obaza Financial Analyst District of Columbia
Cindy Sproles Chief Financial Officer Self Insured Schools of California
3:45 PM Refreshment Break and Networking Opportunity
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4:00 PM The Path to Bonding for your OPEB Liability: A Case Study
This panel will discuss a unique approach to addressing OPEB liabilities. Panelists will discuss how one School District in Wisconsin addressed its growing OPEB liability thru contract negotiations as well as bonding.
Moderator: David Johnson Managing Director Banc of America Securities LLC
Dominique de La Chapelle Nixon Peabody
Herbert Jacobs Managing Director DEPFA Bank
Eric Kass Comptroller School District of Waukesha, WI
David Noack Managing Director Robert Baird & Co.
5:00 PM - 6:30 PM Cocktail Reception
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7:00 PM Speakers Dinner
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Friday, March 30, 2007
8:00 AM Continental Breakfast
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9:00 AM Chairman' Review of Day One
9:15 AM Industry Roundtable
Listen to municipal finance leaders from multiple sectors discuss the practical realities of dealing with baby boomers OPEB liabilities. Is this really the "next new thing"? What can the market expect? Is GASB 45 a watershed event or an accounting tempest in a teapot?"
Moderator: Rob Larkins Managing Director Lehman Brothers
Richard Ciccarone Managing Director McDonnell Investment Management
Christopher Mauro Director Financial Guaranty Insurance Company
Dan McAlister Treasurer-Tax Collector San Diego County
Joseph Rosenblum Senior Vice President Alliance Capital Management
10:45 AM The Big Picture: How do OPEB's fit with other obligations?
Selling assets to pay your OPEB Liability
What are your options?
Moderator: Dennis Farrell Executive Director Morgan Stanley & Co.
Amy R. Laskey Managing Director Fitch Ratings
James Rizzo Senior Consultant & Actuary Gabriel Roeder Smith & Co.
11:45 AM Conference Concludes
Fred Winterkamp Manager, Fiscal&Business Services Division Orange County
