The Governmental Accounting Standards Board (GASB) has issued two new statements regarding pension plans: Pensions Provided through Certain Multiple-Employer Defined Benefit Pension Plans and Pension Issues. Statement 78 clarifies requirements for pensions provided through certain multiple-employer pension plans. Statement 82 amends GASB Statements No. 67, No. 68, and No. 73 and is related to the presentation of payroll-related measures, deviations from actuarial standards of practice, and classification of member contributions.
Governmental Accounting Standards Board (GASB) Documents
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GASB Statement No. 84: Fiduciary Activities, 1/17
- GASB Statement No. 83: Certain Asset Retirement Obligations, 11/16
- GASB Statement No. 82: Pension Issues (an amendment of GASB Statement Nos. 67, 68, and 73), 3/16
- GASB Statement No. 78: Pensions Provided through Certain Multiple-Employer Defined Benefit Pension Plans (an amendment of GASB Statement No. 68) [PDF], 12/15
- Guide to Implementation of GASB Statement 68 on Accounting and Financial Reporting for Pensions, 1/29/14
- New GASB Pension Statements to Bring About Major Improvements in Financial Reporting, 12/13
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GASB Toolkit Helps Pension Plans Implement New Accounting Standards, 11/11/13
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Guide to Implementation of GASB Statement 67 on Financial Reporting for Pension Plans, 6/13
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GASB Pension Revamp Introduces Major Improvements, The User's Perspective, Summer 2012
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GASB Statement No. 67: Financial Reporting for Pension Plans (an amendment of GASB Statement No. 25) [PDF], 6/12
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GASB Statement No. 68: Accounting and Financial Reporting for Pensions (an amendment of GASB Statement No. 27) [PDF], 6/12
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GASB Improves Pension Accounting and Financial Reporting Standards, news release, 6/25/12
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GASB Proposes Major Improvements for Pension Reporting, news release, 7/8/11
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Financial Reporting for Pension Plans, an amendment of GASB Statement No. 25 [PDF], GASB Exposure Draft, 6/27/11
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Accounting and Financial Reporting for Pensions, and amendment of GASB Statement No. 27 [PDF], GASB Exposure Draft, 6/27/11
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Plain-Language Supplement [PDF], 6/27/11
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GASB Issues Preliminary Views on Potential Improvements to Pension Standards, news release, 6/16/10
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Preliminary Views: Plain-Language Supplement [PDF], 6/16/10
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Fact Sheet [PDF], 6/17/10
Economic Condition Reporting: Financial Projections (projections of financial obligations to include bonds, pensions, other postemployment benefits, and long-term contracts)
News and Analysis
- New Fiduciary Activities Guidance Issued for Governments, Cherry Bekaert, 2/3/17
- GASB Issues Statement No. 82 - Pension Issues Amending GASB Statements No. 67, No. 68, and No. 73, Cheiron, 4/16
- GASB addresses pension accounting practice issues, Journal of Accountancy, 4/11/16
- GASB Finalizes Guidance on Certain Cost-Sharing Pension Plans, BKD, 1/4/16
- GASB 67 Implementation Deadline Nears Are Pension Plans Prepared? Cheiron, Winter 2014
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GASB 67/68: Beginning implementation and overview, Milliman, 1/14
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Some public pension execs worry new GASB rule will add fuel to fire, Pensions & Investments, 10/1/12
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GASB vote places unfunded pension liabilities on government balance sheets, Journal of Accountancy, 6/25/12
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New rules may make public pensions appear weaker, Reuters, 6/25/12
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GASB rules have pension execs prepping own accounting standard, Pensions & Investments, 6/5/12
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How Would GASB Proposals Affect State and Local Pension Reporting? [PDF], Center for Retirement Research at Boston College, 11/11
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GASB 27 Exposure Draft on Employer Accounting and Financial Reporting for Pensions: A Detailed Advisory [PDF], Cheiron, Fall 2011
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GASB 25 Exposure Draft on Financial Reporting for Public Pension Plans: A Detailed Advisory [PDF], Cheiron, Fall 2011
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GASB's Exposure Drafts on New Public Pension Accounting Released July 8, 2011: New Rules Eliminate ARC and Disclose Pension Liability on Balance Sheet, Cheiron, 7/8/11
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GASB Preliminary Views on Pension Reporting Point to Radical Shift in Accounting Practices [PDF], Cheiron, Summer/Fall 2010