GASB's New Pension Standards
Summary - Statement No. 68 - GASB
The primary objective of this Statement is to improve accounting and financial reporting by state and local governments for pensions.
GASB Publishes Post-Implementation Review Report on Pension ...
The standards accomplish their stated purpose, · Costs and benefits are in line with expectations, and · The Board followed its standard-setting ...
Do the new GASB Statements establish requirements for how governments should fund their pensions? No. In the past, the accounting and financial reporting ...
Emerging GASB Standards - Independent Actuaries, Inc.
Upon transition to the new statements for post-retirement benefits, the entire unfunded benefit liability (called the Net Pension/OPEB Liability, or NPL/NOL) ...
GASB Pensions & OPEB: Issues and Resources
Plain language document that addresses the two sets of pension measures, financial statement impact of the GASB pension standards, and auditing issues.
GASBs Pension Standards - The Latest - AICPA & CIMA
GASBs Pension Standards - The Latest · How will pension liabilities be measured? · What information about pensions will be presented in employer and pension plan ...
GASB Pension Standards Overview | Online and Mobile CPE Course
This program outlines the basic GASB accounting and reporting framework to communicate accountability for state and local Public Employees' Retirement Systems ( ...
Governmental Accounting Standards Board (GASB) - CalPERS
GASB Statement 67 (PDF) replaces the requirements of the existing GASB Statement 25 (PDF), Financial Reporting for Defined Benefit Pension Plans and Note ...
These new standards are Statement 67, Financial Report for Pension Plans, and Statement 68, Accounting and Financial Reporting for Pensions. In addition to ...
GASB 67 and 68 Reporting Standards - PERA
68, Accounting and Financial Reporting for Pensions, applies to governments that provide pension benefits to their employees. GASB issued the statements to ...
GASB Approves New Accounting Standard for Pension Plans
However, the pension amounts reported on the reporting date are based on a measurement date which can be the same as the reporting date or as early as the end ...
The Governmental Accounting Standards Board (GASB) in 2012 released new accounting standards for public pension plans and participating employers. These ...
The intent of the standards is to enhance the pension-related information in financial reports. These standards are contained in GASB Statement 68, which ...
In June 2012, the Governmental Accounting. Standards Board (GASB) issued new pension accounting and financial reporting requirements. GASB Statement No. 68 ...
Statements 67 and 68 New GASB Accounting Standards:
• Current GASB standards for public-sector pension plans adopted in ... • Fundamental measure of “net pension liability” under new standards is. EAN ...
About Statement No. 68 – Governmental Accounting Standards Board
GASB's position is that government employee pensions are a component of the employment relationship between the employer and employee.
GASB Approves New Accounting Standards for Public Sector ... - SOA
GASB's new standards make significant changes to pension accounting and reporting for pension plans and for state and local governments that sponsor pension ...
GASB 67 and GASB 68: What the New Accounting Standards Mean ...
The new guidance produced its desired effect, in part: state and local governments are now required to report unfunded pension liabilities on ...
Governmental Accounting Standards Board | S.C. PEBA
The purpose of the standards, according to GASB, is to improve the way state and local governments report their pension liabilities and expenses.
GASB's five things to watch in pension standards implementation
New financial reporting standards for pensions of U.S. state and local governments are among the most significant rules GASB has ever ...