x-sender: governor.haley@sc.lmhostediq.com x-receiver: governor.haley@sc.lmhostediq.com Received: from mail pickup service by IQ12 with Microsoft SMTPSVC; Fri, 27 Mar 2015 00:23:11 -0400 thread-index: AdBoRbxhP+fGfvBuRVyzana7zhA2cg== Thread-Topic: State Pension and OPEB Liability Funding Tool From: To: Subject: State Pension and OPEB Liability Funding Tool Date: Fri, 27 Mar 2015 00:23:11 -0400 Message-ID: <06C4440B42854340A44C60B66BCAF899@IQ12> MIME-Version: 1.0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit X-Mailer: Microsoft CDO for Windows 2000 Content-Class: urn:content-classes:message Importance: normal Priority: normal X-MimeOLE: Produced By Microsoft MimeOLE V6.1.7601.17609 X-OriginalArrivalTime: 27 Mar 2015 04:23:11.0829 (UTC) FILETIME=[BC802050:01D06845] CUSTOM Mr Dennis L Woolard Consultant Insight Bnefit Group 123 Yellow Bluff Road Midway GA 31320 dlwoolard@aol.com 816-217-3390 BUDG State Pension and OPEB Liability Funding Tool Dear Governor Haley, My name is Dennis Woolard. The name of the Company I represent is Insight Benefit Group. I am a new member of ALEC and the Tax and Fiscal Policy Task Force. Insight Benefit Group has authored funding tool that has been used by the Private Sector, very successfully, for more than 15 years to resolve unfunded, post-retirement benefit liabilities. We have made the necessary changes to the Program to feel very confident that we can bring our Program to the Public Sector. We presented our Program to the Tax and Fiscal Policy Task Force Sub-Committee at the December ALEC Conference and will be presenting at the Savannah ALEC Conference in May. Pension reform and massive OPEB Liabilities are topics that every Governor and Legislator is aware of as State Budget concerns are publicized every day. We truly feel we have a tool that can be used not only effectively but actually turn liabilities into assets on the State Balance Sheet. The Solution is very straight-forward and as I said has been utilized in the Private Sector, by very large Companies, for more than 15 years. We have all of the supporting data (truck loads), financial stress tests, etc to pass any and all vetting and due diligence examinations. The solution to Pension Reform and OPEB Liabilities is not in the traditional box. If it was Pension and OPEB would not be multi-trillion dollar problems that must be dealt with after years of avoidance. We are looking to affiliate with decision makers who are focused on implementing solutions because it is the right thing to do. That was one of the main things that drew me to ALEC. They want to institute significant change to shrink the Federal Government and promote fiscal responsibility, at all levels, because it is the right thing to do. Speaking with you, Governor Haley, and/or others you feel should be included would be most appreciated. I have supporting documents available for review as well. I respectfully await your reply. Thank You! Dennis L. Woolard Insight Benefit Group 816-217-3390 Cell