VantageCare RHS Employer Investment Program
GASB Statements 45 and 43 are a serious concern for public sector employers. Whether you are paying for retiree health costs on a pay-as-you-go basis or pre-funding, you may have funds earmarked in your general fund which will only allow you to earn short-term, low-rate investment returns.
The VantageCare RHS Employer Investment Program offers an exclusive benefit trust for employers to invest retiree health assets. This protects both you and your retirees. Setting aside assets in a trust rather than in your general fund provides security that the assets will be used specifically for retiree health and maintain or improve bond ratings. Only assets held in a segregated trust such as the trust provided by the Employer Investment Program may be used to offset these liabilities.
Your retiree health funding situation is unique to your organization. To discuss how VantageCare RHS Employer Investment Program can help you, contact your ICMA-RC Retirement Plans Specialist or call our Employer Services Unit at 1-800-326-7272.