Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Regional Vice President of Sales

The Retirement Plan Company
(Remote / AL / FL / GA / MS)

The Retirement Plan Company logo

Retirement Plan Administrator

Bates & Company, Inc.
(Remote / Winter Park FL)

Bates & Company, Inc. logo

Business Development Director

AimPoint Pension
(Remote / Pompano Beach FL / AL / GA)

AimPoint Pension logo

Loan & Distribution Specialist

AimPoint Pension
(Remote)

AimPoint Pension logo

Defined Benefit Combo Cash Balance Compliance Consultant

Loren D. Stark Company (LDSCO)
(Remote)

Loren D.  Stark Company (LDSCO) logo

Director of 3(16) Operations

Compass
(Remote / NH / Hybrid)

Compass logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile app icon
LinkedIn icon     Twitter icon     Facebook icon

GASB Proposes Major Improvements for Governmental Reporting of Liability for Health Insurance and Other Retiree Benefits
Governmental Accounting Standards Board [GASB] Link to more items from this source
[Guidance Overview]
May 28, 2014

"The most significant effect of the OPEB Exposure Drafts would be to require governments to recognize their net OPEB liabilities on the face of their financial statements -- providing all financial statement users with a more comprehensive understanding of these significant OPEB promises than is currently available.... The OPEB Employer Exposure Draft proposes that governments be required to report a liability for the OPEB that it will provide on the face of the financial statement.... The OPEB Employer Exposure Draft also proposes significant changes to how a government would calculate its OPEB liability and annual expense.... The OPEB Plan Exposure Draft addresses the financial reports of [DB] OPEB plans that are administered through trusts that meet certain criteria. It also details proposed note disclosure requirements for [DC] OPEB plans.... The Exposure Drafts, including instructions on how to submit written comments, are each expected to be available in mid-June on the GASB website[.]"

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title).
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above).
© 2024 BenefitsLink.com, Inc.