Get the free Opeb Investment Policy Statement

This Investment Policy Statement (IPS) outlines the agreement between the Charter Township of Highland and the financial advisors on managing the public employee health care fund investments. It details objectives, risks, and guidelines for investments aimed at achieving \'Income with Moderate Growth\' while complying with relevant laws.

How to fill out opeb investment policy statement

How to fill out opeb investment policy statement

1. Identify the goals and objectives of the OPEB fund.
2. Assess the risk tolerance associated with the investment.
3. Define asset allocation strategy including various asset classes.
4. Specify investment guidelines and restrictions.
5. Establish a time horizon for the investments.
6. Outline the roles and responsibilities of the fiduciaries involved.
7. Determine the performance measurement benchmarks for the investment portfolio.
8. Review and update the policy statement regularly to reflect any changes in objectives or regulations.

Who needs opeb investment policy statement?

1. Municipalities and governmental entities managing OPEB liabilities.
2. Finance officers and investment managers responsible for OPEB funds.
3. Pension boards or committees overseeing post-employment benefits.
4. Advisors or consultants assisting in the management of OPEB investments.

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What is OPEB investment policy statement?

An OPEB (Other Post-Employment Benefits) investment policy statement is a document that outlines the investment objectives, strategies, and guidelines for managing the assets used to fund OPEB liabilities. It serves as a framework for decision-making and helps ensure that investments align with the financial goals and risk tolerance of the organization.

Who is required to file OPEB investment policy statement?

Entities that provide OPEB benefits to employees, such as state and local governments, and public sector organizations, are required to have an OPEB investment policy statement. This requirement is often part of compliance with financial reporting standards and regulations governing public retirement funds.

How to fill out OPEB investment policy statement?

To fill out an OPEB investment policy statement, organizations should gather relevant information including investment objectives, risk tolerance, asset allocation strategies, performance measurement criteria, and governance structure. Each section should be clearly defined to ensure that investment managers understand the expectations and guidelines.

What is the purpose of OPEB investment policy statement?

The purpose of an OPEB investment policy statement is to establish a disciplined approach to managing investments for OPEB liabilities. It aims to ensure that investment decisions are made in line with the organization's overall financial strategy, to safeguard the assets, and to meet future benefit obligations effectively.

What information must be reported on OPEB investment policy statement?

An OPEB investment policy statement must report information including the investment objectives, asset allocation strategies, risk tolerance, performance benchmarks, rebalancing procedures, and guidelines for selecting investment managers. Additionally, it may include details about governance, oversight, and compliance measures.