Orange County Chapter Meeting
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When: February 28, 2019
11:00 AM - 1:30 PM
Where: Dave & Busters - Outlets at Orange
20 City Blvd West
Building G, Suite 1
Orange, California  92868
United States
Contact: Stephen Parker

Online registration is closed.
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Registration: $30 before 2/25, $40 after!                                                               

Speaker: Julio Morales, Director & Jim Morris Managing Director of Public Management Group at Urban Futures, Inc.

Topic: 7 Solutions to Pension and OPEB Issues

*This chapter meeting is worth 1.5 CPE

Come join us on February 28 as we look at practical solutions to addressing your pension and OPEB liabilities.


This session is designed as a hands-on workshop to help you understandyourCalPERS Actuarial Report – in plain English, as well as your retiree medical costs and all those acronyms (ARC, OPEB, Pay-Go, etc.).  You will gain an in-depth understanding of your UAL and learn how to apply “targeting strategies” to meet your financial objectives. 


We will also look at how CalPERS investment performance compares to the other 50 states, and explain why it’s so hard to leave CalPERS.


At the heart of this session is an in-depth analysis of 7 practical solutions to addressing your unfunded pension and OPEB liabilities, including:


  1. Full Cost Recovery – allocation to all funds
  2. Use of Reserves and Internal Loans
  3. Adjustment of Benefit Levels & Eligibility
  4. Cost Sharing & Contract /MOU provisions (Class 1 Benefits)
  5. Fresh Start and Synthetic Fresh Start
  6. Tax-Exempt Exchange
  7. Pension Obligation Bonds (POBs)


Finally, we will discuss how pension reform has changed the landscape in California, and how these changes make POBs a viable solution for some public agencies.   


Come gain a better understanding of your actuarial reports, get the facts about potential solutions, and discuss (ask questions) about the inherent risks and potential benefits of each solution.




Julio Morales, is Director in the Orange County offices of UFI (Urban Futures, Inc.), an independent financial advisory firm serving public agencies throughout California.  Julio recently joined UFI after returning from a 4-year assignment with the US Treasury in Asuncion, Paraguay.  He is a public finance veteran with over 25 years of government and municipal finance experience, having worked as a Finance Director, City Manager, investment Banker, and Financial Advisor.  Julio is a registered municipal advisor (Series 50), a former member of the GFOA national Debt Advisory Committee, and has been a guest speaker a number of industry organizations, including CSMFO, CDIAC, GFOA and the League of Cities.  He attended the University of Michigan, earned am MPP from the Harvard Kennedy School of Government, and an MBA in real estate and finance from UCLA.


Jim Morris is Managing Director of the Public Management Group at UFI.  Jim has over twenty years of experience working in the fields of public policy, financial analysis, municipal law and public agency governance.  He focuses on helping cities and special districts with long-term forecasting, fiscal stabilization and financial sustainability planning.  Prior to joining UFI, Jim helped the City of San Bernardino develop its bankruptcy reorganization plan and wind-down its $300 million former redevelopment agency.  Jim began his professional career as a public law attorney with Best Best & Krieger LLP and the County of San Bernardino.  He is a graduate of Dartmouth College, and received both his Juris Doctorate and master’s in Urban Planning from UCLA.




Mediterranean Mingle: Grilled steak skewers, Souvlaki grilled chicken breast, grilled vegetables, citrus rice, roasted red pepper hummus, Greek garden salad, pita bread and pita chips and raspberry parfaits


Upcoming Meeting Dates

Sales & Property Tax Outlook for 2019 - HdL - 4/18/19