Presto Chango! Your 457 Plan is a Pension Plan
Recorded On: 06/22/2020
While GASB's new statement on deferred compensation plans may be only a few paragraphs long, it has the potential for significant changes to many local governments and will plunge them to the world of pension and benefit accounting. Speakers at this session will discuss GASB's new statement, explain why it is necessary, provide an overview of pension accounting, and show examples of how local governments have been successful with implementation.
Chief Financial Officer, City of Carrollton, Texas
Bob Scott is a long time member of GFOA having served many years on the Committee for Accounting Auditing and Financial Reporting ultimately as Chair and on the GFOA Executive Board. He has spoken at many GFOA annual conferences on GASB and other topics.In recent years he has spoken extensively on pension and OPEB topics.
Principal, Groom Law Group, Chartered
David N. Levine is a principal at Groom Law Group, Chartered. Mr. Levine advises plan sponsors, advisors, and other service providers on a wide range of employee benefits matters, from health and welfare to retirement and executive compensation matters.
Mr. Levine was previously the Chair of the IRS Advisory Committee on Tax Exempt and Government Entities (2011-2013) and is currently a member of the Executive Committee of the Defined Contribution Institutional Investment Association. Mr. Levine regularly speaks on plan design, fiduciary governance, and legislative issues. He is recognized in the Chambers USA guide for Employee Benefits & Executive Compensation. Mr. Levine received his J.D., from the University of Pennsylvania Law School and his B.A., with general and departmental honors, from Johns Hopkins University.
Christopher J. Telli, CPA, CIA
Chris is a regional industry leader for BKD National Not-for-Profit, Higher Education and Public Sector Group and is a member of the firm’s Not-for-Profit, Higher Education and Public Sector Committee. He has more than 20 years of experience in accounting and auditing, including three years as an internal auditor for a large not-for-profit organization. He assists public sector entities with audit, compliance and general business consulting and works with a variety of entities, including municipalities, counties, state agencies, airports, school districts, higher education institutions and public authorities.
He routinely writes and speaks on a variety of governmental and not-for-profit accounting, audit and compliance issues and has served as an instructor for BKD internal seminars and trainings. He serves on the BKD Public Sector Center of Excellence, an internal committee of leaders from across the firm who deliberate a variety of issues important to governments, and has served on both peer review and internal inspection teams.
Chris is a member of the American Institute of CPAs, Colorado Society of CPAs (COCPA), Government Finance Officers Association of the United States and Canada (GFOA), Association of Government Accountants, The Institute of Internal Auditors and Association of Certified Fraud Examiners, Inc. Chris serves as an advisor to the GFOA’s Committee on Accounting, Auditing and Financial Reporting and is a current board member of Mountain and Plains Intergovernmental Audit Forum and COCPA. He is also a former co-chair of the COCPA Governmental Issues Forum and previously served on the planning committee for the society’s Governmental Conference.
He is active in the community and previously served as board chair for the American Red Cross of Southeastern Colorado, having served on that board for nine years.
Chris is a summa cum laude graduate of Regis University, Colorado Springs, Colorado, with a B.S. degree in accounting, and a graduate of University of Colorado, Colorado Springs, with an M.B.A. degree with a concentration in finance. He also holds the Certified Internal Auditor® (CIA®) designation.