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The New Pension Reporting Standard: What It Means for Governments 401(k)
The CPA Journal 
May 10, 2013
"On a basic level, GASB Statement 68 requires that the difference between a plan's assets (the plan net position) and the present value of projected benefits for past service (total pension liability) be reported as a net pension liability in accrual-based financial statements. In addition, the standard provides new guidance on how to measure a plan's assets, total pension liability, and pension expense."
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