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GASB proposes amendments to pension guidance for certain governmental entities

  • GASB document Image

Oct 15, 2015

The GASB has issued an exposure draft of a proposed Statement, “Accounting and Financial Reporting for Pensions Provided Through Certain Multiple-Employer Defined Benefit Pension Plans.”

The proposal would amend GASB Statement No. 68, Accounting and Financial Reporting for Pensions, in response to concerns from stakeholders that governments participating in certain multiple-employer defined benefit pension plans are finding it difficult to obtain the information they need to comply with the Statement’s requirements. Specifically, the proposed Statement “would establish requirements for recognition and measurement of pension expense/expenditures and liabilities, note disclosures, and required supplementary information” for pension plans within the proposal’s scope.

Com­ments on the pro­posal are due by November 16, 2015. For more in­for­ma­tion, see the ex­po­sure draft and press release on the GASB’s Web site.

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