Employee Benefit Trust Fund

This page has been created to provide relevant information concerning the establishment of an employee benefit trust and the accounting associated with the trust.

For districts using Fund 73 OPEB trust, send new studies to michele.gundrum@dpi.wi.gov.  Districts not using Fund 73 OPEB are not requried to submit the studies to DPI, but do need to have them available for their auditors per the GASB requirement.

Recent communications

2014 WASBO Accounting Conference OPEB presentation

October 14, 2013 Letter to LEAs with a Fund 73 OPEB Trust

July 26, 2013 listserv - Unfunded liability is zero or less than ARC

April 11, 2013 Letter to LEAs with a Fund 73 OPEB Trust

2013 WASBO Accounting Conference OPEB presentation

DPI presentation at the 2013 Skyward Users Group Conference - First part is WUFAR changes.  Second part is things your auditor should be looking for regarding Fund 73 OPEB and the OPEB edits done by DPI.

Things to consider when establishing an employee benefit trust fund

August 4, 2006 Letter to School District Administrators, CESA Administrators, CCDEB Administrators
From: David Carlson, Director, School Financial Services Team - Subject: Fund 73 Employee Benefit Trust

Factors to consider when establishing an employee benefit trust

DPI Requirements for Fund 73

Employee Benefit Fund (Fund 73) Requirements

Employee Benefit Fund Requirements (Updated 4/4/13)

Major Points of the Employee Benefit Fund Requirements (Updated 4/4/13)

Special Education Categorical Aid Eligibility

Excel Worksheet to Determine Aid Eligibility of Fund 73 Contribution 2013-14 (data as of 4/14/14)

Excel Worksheet to Determine Aid Eligibility of Fund 73 Contribution 2012-13
Excel Worksheet to Determine Aid Eligibility of Fund 73 Contribution 2011-12
Excel Worksheet to Determine Aid Eligibility of Fund 73 Contribution 2010-11
Excel Worksheet to Determine Aid Eligibility of Fund 73 Contribution 2009-10

Trust Investments

2005 Wisconsin ACT 99  (Updated 2/22/11)

Accounting for trust activity

Sample of Activity  (updated 3/6/14) - The implicit rate subsidy calculation was updated to include retiree premiums paid directly by retirees to insurance vendor.

Fund 73 - Account Descriptions and OPEB Sample Entries (updated 10/23/13)

Resources

List of Actuaries -
List of School Districts/CESAs with Fund 73 - last updated 7/1/11
Frequently Asked Questions

 

Note to school districts/others with fund 73
Many decisions are required during the establishment of an employee benefit trust fund (fund 73). These decisions are the sole responsibility of the school district. DPI does not make a determination regarding legality or risks associated with the trust including investments and debt. DPI does provide guidance on how to account for the activity for filing DPI required reports and determination of district aid eligibility.

Please contact one of the School Finance Team Auditors located on the Staff Directory.

For questions about this information, contact dpifin@dpi.wi.gov (608) 267-9114