Governmental Accounting Standards Board (GASB) Statement No. 45 requires that public employers account for, and report, the annual cost of Other Post-Employment Benefits (OPEB) and the outstanding obligations and commitments related to OPEB in essentially the same manner which public employers account for and report pension obligations.

As the sixth-largest commercial bank in the country, and over 100 years in the trust business, we have the expertise to help you with all your GASB 45 needs. We currently provide trust services to more than 5,200 public entities, representing assets totaling more than $770 billion.

GASB 45 Bundled Solution
U.S. Bank has been at the forefront of the OPEB issue and continues to address the matters facing public entities today. Our bundled solution includes:

• Trust Services and Sample Language - We offer the flexibility to service either a Section 115, VEBA or 401(h) trust.
• Funding Options - The U.S. Bank Pooled Financing Program provides a cost-effective funding source.
• Investment Management - Our architecture allows choice among internal and third party investment managers, with oversight and coordination by a portfolio manager.
• Ancillary Revenue Opportunities - Clients may be able to reduce their out-of-pocket liability funding costs by participating in the U.S. Bank Securities Lending program.

Local Service Provided by Industry Experts
You will work with an experienced and knowledgeable client service team.

• Your Relationship Manager will coordinate and oversee the relationship, and stay current on GASB 45 issues to provide you input on best practices.
• Your Portfolio Manager will manage consistently with your established investment policy statement, and will have access to proprietary and non-proprietary investment management advice and products.

Contact Us
Find local your sales representative or email us.

Investment Management services are provided by U.S. Bank Private Asset Management, and may include services provided by FAF Advisors, Inc., a registered investment advisor and subsidiary of U.S. Bank National Association.

U.S. Bank is not responsible for and does not guarantee the products or performance of U.S. Bank Private Asset Management or FAF Advisors Inc.

This information represents the opinion of U.S. Bank and is not intended to be a forecast of future events, a guarantee of future results, or investment advice. It is not intended to provide specific advice or to be construed as an offering of securities or recommendation to invest.