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GASB proposes guidance on deferred compensation plans

  • GASB document Image

Jun 28, 2019

The GASB has issued an exposure draft (ED), “Internal Revenue Code Section 457 Deferred Compensation Plans That Meet the Definition of a Pension Plan and Supersession of GASB Statement 32.”

The pro­posed guid­ance would “require that all accounting and financial reporting requirements relevant to pension plans be applied to Section 457 plans that meet the definition of a pension plan.”

Com­ments on the ED are due by Sep­tem­ber 27, 2019. For more in­for­ma­tion, see the press release and ED on the GASB’s Web site.

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