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GASB issues report summarizing costs and benefits of standards on other postemployment benefits

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Oct 06, 2015

The GASB has issued a report that summarizes how the GASB assessed the expected costs and benefits of its standards on other postemployment benefits, Statement No. 74, “Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans,” and Statement No. 75, “Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions.”

Specifically, the report outlines the steps the GASB took to reach its conclusion that the benefits of the new standards justify their costs.

For more information, see the report on the GASB’s Web site.

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