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GASB 68 Comprehensive State and Local Government Pension Changes Quickly Approaching
Schneider Downs Link to more items from this source
[Guidance Overview]
Mar. 2, 2014

"[W]hy is GASB 68 so controversial? One reason is that the unfunded pension liability will appear on the face of the financial statements ... And the liability may be substantial.... [T]he number of retirees drawing on pension funds is ever-increasing, and government pensions may have more retirees than current employees. How pension expense is calculated will change, and the cause of the change ... must be reflected in the period in which it occurs."

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