x-sender: governor.haley@sc.lmhostediq.com x-receiver: governor.haley@sc.lmhostediq.com Received: from mail pickup service by IQ12 with Microsoft SMTPSVC; Wed, 11 Feb 2015 16:05:19 -0500 thread-index: AdBGPnFXWq1EDxP4Sd69cRYFiOsHDg== Thread-Topic: Funding Solution for Pension and/or OPEB Liabilities From: To: Subject: Funding Solution for Pension and/or OPEB Liabilities Date: Wed, 11 Feb 2015 16:05:19 -0500 Message-ID: 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: 11 Feb 2015 21:05:19.0834 (UTC) FILETIME=[716893A0:01D0463E] CUSTOM Mr Dennis L Woolard President/CEO GASB Solutions LLC 123 Yellow Bluff Road Midway GA 31320 dlwoolard@aol.com 816-217-3390 816-217-3390 BUDG Funding Solution for Pension and/or OPEB Liabilities My firm is affiliated with Insight Benefit Group. We have developed a Solution for Pension and OPEB Liability Funding that requires zero dollars out of current and future Budgets, turns the liability into an asset on the Balance Sheet and brings the State into compliance with the GASB 45 mandate with no ARC payments. I am a member of ALEC (American legislative Exchange Council) and we have presented our Solution to the Tax and Fiscal Policy Task Force with very positive reviews. Our Solution has been utilized and perfected in the Private Sector over the past 15 years. We feel we have done the modifications necessary to bring it to the Public Sector. The Solution is scalable so we would be able to do a Pilot program to prove the viability of our Program. I would appreciate the opportunity to present the Program to the Governor and her Budget Staff. Respectfully, Dennis l. Woolard, CCE