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Division of Pensions & Benefits

GASB Reports

The Governmental Accounting Standards Board (GASB) released new accounting standards for public sector postretirement benefit programs and the employers that sponsor them. GASB Statement 74 and 75 reflect a fundamental overall in the standards for accounting and financial reporting for postemployment benefits other than pensions (OPEB) and replace GASB 43 and 45. GASB 74 applies to OPEB plans that have a trust agreement in place or equivalent arrangement and is effective for plan fiscal years beginning after June 15, 2016. GASB 75 applies to employers that participate in an OPEB plan, whether the OPEB plans is considered a qualified trust or not, and is effective for employer fiscal years beginning after June 15, 2017. View the GASB OPEB 74/75 reports.
GASB 67 and 68
Government Accounting Standards Board (GASB) Statement No. 67 which supersedes financial reporting requirements for pension plans under GASB Statement No. 25 became effective for financial statements for fiscal years beginning after June 2013. View the GASB 67 and 68 reports.


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Last Updated: Wednesday, 04/07/21