Articles for: GASB
Do I need to prefund my GASB 45 liabilities?
Government Accounting Standards Board (GASB) Statement No. 45 “Accounting and Financial Reporting by Employers for Postemployment Benefits Other Than Pensions”, commonly referred to as GASB 45, provides accounting and reporting [...]
Key words: GASB,OPEB
New Pension Reporting Standards Approved by GASB
On June 25, 2012, the Government Accounting Standards Board (GASB) revised how state and local governments report financial information on their pension plans for their employees. Two new standards were [...]
Key words: GASB,pension reporting
Do I have a GASB 45 liability if my retirees pay 100% of the premium?
Yes, for most government employers, GASB 45 liability exists if your retirees pay 100% of the premium. For a small number of government employers, the answer is “no” if they participate in a [...]
Key words: community rated health plan,experience rated health plan,GASB,GASB 45 liability