Menu

OUR EXPERIENCE

WE FOCUS ON YOUR FINANCIAL HEALTH

Burke Group | Focusing on your Financial HealthAt Burke Group we specialize in three main practice areas that directly affect the long-term financial well-being of individuals, organizations and communities: Retirement Plan Consulting & Administration, Actuarial Consulting, and Compensation Consulting.

To each of our practice areas we bring a sense of stewardship and dedication to true professionalism. To us that means we look after the interests of our clients as our own. And we seek to do the right thing in the larger sense of that phrase; to do what’s best not only for a particular client, but also to maintain a perspective that serves the greater good.

We’re confident that taking the long view and charting a course accordingly will continue to serve the best interests of our clients.

MAKING THE MOST OF YOUR MONEY

RETIREMENT PLAN NEWS

March-April 2016 Newsletter Topics:

  • Post-severance Compensation Revisited – We discuss whether post-severance payments made to employees could be used for qualified plan purchases, the the particulars of the rules, and how they may affect you.
  • Bankruptcy and Retirement Plans – Do you know how a bankruptcy can impact your retirement savings? Explore how current bankruptcy laws can affect your retirement plans.

Go to the Newsletter >

OUTSIDE INSIGHTS

pat

Another Perspective While Religious Tensions Are Dangerously High

“Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached.”[1] With these words of the 14th-century emperor Manuel II, Pope Benedict XVI “fomented discord” in a world beset by “more than enough religious anger.”[2] The insulting passage, taken from his Regensburg lecture of September 12, 2006, reflected the Pontiff’s hard-line stance on Catholic belief and practice. Benedict appeared willing to offend Muslim sensibilities in the name of “uniform Catholic identity”[3]—a tragic reminder of the dangers of doctrinal conservatism in a multicultural age. Or so the New York Times [...]

LATEST INDUSTRY RESOURCE

13January

Move Over GASB 45, Here Comes GASB 75

January 13th, 2017|

By Timothy Dennie In 2008 the Governmental Accounting Standards Pronouncement number 45 (“GASB 45”) went into effect. Since then we’ve seen some changes in actuarial practice, but no significant changes to the accounting guideline itself. But with 2017 that changes, as GASB 45 is being eliminated and replaced with a new standard, GASB 75. GASB 45 vs. GASB 75 GASB 45 and GASB 75 serve the same purpose, which is to value an entity’s Other Postemployment Benefits (“OPEBs”). Both Standards require a calculation of a present liability for future non-pension benefits for employees and retirees, also known as the “Actuarial Accrued Liability” in GASB 45 and the “Total OPEB Liability” in GASB 75. [...]