Brentwood Asset Advisors offers complete consultation to public agencies looking to fund OPEB liabilities. Our Voluntary Employee Beneficiary Association (VEBA) services revolve around a funding vehicle designed to alleviate pressure from GASB 45 and to provide tax free contributions to pay for life, sick, accident and other benefits to members and their spouse and/or dependents. The investments are held in a 501(c)(9) trust where the assets are completely protected in a separate and irrevocable entity.
Brentwood acts as Trust Administrator with responsibilities that include managing investments, enforcing due diligence, and facilitating the relationship with the TPA. Our representatives are eager to work with public agencies, actuaries, and attorneys whose common goal is funding municipalities' OPEB liabilities.
For more information please contact Joseph Adair at 805.764.0306.