GASB Finalizes Reporting Rules for 457 Plans
Prior standards presumed that all Section 457 plans were not pension plans and, therefore, were not subject to pension plan...
Tag: GASB
Analyst Sees ‘Moral Hazards’ in GASB Pension Accounting Standards
In addition to promoting inaccurate pension heath assessments, a new academic paper argues, pension accounting rules set by the Governmental...
GASB Proposes Financial Reporting Changes for Government 457 Plans
An Exposure Draft proposes that if a Section 457 plan meets the definition of a pension plan in Government Accounting...
GASB Issues Implementation Guide on Fiduciary Activities
The central objective of the Statement 84, Fiduciary Activities, is to enhance the consistency and comparability of fiduciary activity reporting...
GASB Proposes Implementation Guide for Fiduciary Activities
The Board is asking for comments on the implementation guide for Statement No. 84, which provides guidance regarding what constitutes...
GASB Issues Implementation Guide Answering Questions About Recent Statements
The Implementation Guide answers questions about Statement No. 68, “Accounting and Financial Reporting for Pensions” and Statement No. 74, “Financial...
New Contribution Strategies Needed to Improve Public Pension Funding
A study by the CRR finds that state and local pension funding is expected to improve in 2017 due to...
GASB Proposes Implementation Guide for OPEB Standards
The proposed Implementation Guide provides answers to questions intended to clarify, explain, or elaborate on the requirements of GASB Statement...
GASB Proposes Implementation Guide for Statement No. 74
Statement 74 addresses financial reporting for postemployment benefit plans other than pensions.
GASB Guidance Clarifies Pension Reporting for Government Plans
The new GASB statement addresses practice issues raised by stakeholders during implementation of previous statements for financial reporting for government...
GASB 68 a Wake Up Call for Local Governments
Researchers found that for 92 cities, the unfunded liability as a percentage of revenue rises from 37% before GASB 68...
GASB Issues Several New Standards for Governmental Plans
The guidance is related to accounting and financial reporting of fiduciary activities, certain asset retirement obligations, and pension issues.
GASB Proposes Amendment to Include Multiple-Employer Plans
Stakeholders raised concerns regarding the inability of governments whose employees are provided pension benefits through multiple-employer pension plans to obtain...
GASB Approves New Accounting Standards for OPEB
The new other post-employment benefits (OPEB) standards parallel the pension standards issued in 2012.
Fitch Warns of Volatility in Public Pension Reporting
A report says the ratio of assets to liabilities reported by public pension systems under new GASB standards will rise...
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BNY Releases GASB 67 Aid
September 15, 2014 (PLANSPONSOR.com) – BNY Mellon aims to help clients meet the impending GASB requirements with new financial and...
GASB Offers Webinars on Fair Value Measurement Proposal
June 30, 2014 (PLANSPONSOR.com) – The Governmental Accounting Standards Board (GASB) has opened registration to webinars about its recent exposure...
GASB Makes OPEB Exposure Drafts Available
June 16, 2014 (PLANSPONSOR.com) – The Governmental Accounting Standards Board (GASB) has released exposure drafts on other post-employment benefits (OPEB).
GASB to Propose Improvements to OPEB Reporting
May 16, 2014 (PLANSPONSOR.com) – The Governmental Accounting Standards Board (GASB) is slated to issue two proposals about other post-employment...
GASB Seeks Comments About Fair Value Measurements
May 15, 2014 (PLANSPONSOR.com) - The Governmental Accounting Standards Board (GASB) issued a proposed Statement about accounting and financial reporting...