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GASB issues guidance on pension issues

  • GASB document Image

Apr 11, 2016

The GASB has issued Statement No. 82, “Pension Issues.”

Statement 82 addresses implementation issues related to certain aspects of the GASB’s pension standards, including:

  • “Presentation of payroll-related measures in required supplementary information
  • Selection of assumptions and the treatment of deviations from guidance in Actuarial Standards of Practice for financial reporting purposes, and
  • Classification of payments made by employers to satisfy plan member contribution requirements.”

State­ment 82 applies to all state and local gov­ern­ments and is ef­fec­tive for re­port­ing periods be­gin­ning after June 15, 2016. Early application is encouraged.

For more in­for­ma­tion, see the press release and State­ment 82 on the GASB’s Web site.

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